New Albany CHDO Houses for Sale at Linden Meadows

All homes are priced well below appraisal. Additional downpayment & closing cost assistance available to qualified buyers. See explanation of forgivable discount.

Linden Meadows is a new 23-lot cul-de-sac subdivision with new roads, sidewalks, sewers, utilities, lots of trees and includes a small community park area!

Ready Now!

800 Linden Meadows Court Spacious four bedroom, one bath 2-story bungalow with giant front porch. Hardwood floor in living room, two loft bedrooms, lots of closet and storage space, back deck, new heat/ac, basement, woodwork, garage underneath, appliances available,





completely rehabbed and insulated, all electric,1457 sq. feet and backs up to new one-acre community park. Estimated appraisal of $114,900 less $15,000 forgivable discount* = $99,900 mortgage (final price subject to change).





802 Linden Meadows Court Very stylish two bedroom one bath with front porch, all hardwood floors and beautiful woodwork, window seat in giant dining room, lots of closets, basement, new heat/ac, garage underneath, appliances available, completely rehabbed and insulated, all electric,1015 square feet,
backs up to community park. Estimated appraisal of $110,900 less $15,000 forgivable discount* = $95,900 mortgage (final price subject to change).



ready very soon!

812 Linden Meadows Court Spacious two bedroom, one bath bungalow with stunning giant front porch on a huge corner lot. Big kitchen, back deck, new heat/ac, basement, woodwork, garage underneath, appliances available, completely rehabbed and insulated, all electric,1245 sq. feet and backs up to new one-acre community park. Estimated appraisal of $110,900 less $15,000 forgivable discount* = $95,900 mortgage (final price subject to change).



801 Linden Meadows Court One of our favorites! This beautiful “chalet style” very spacious three bedroom, one bath home with a full basement, currently being completely rehabbed and insulated with new heat/ac, new hardwood floors, front porch and back deck, all electric, 1588 sq. feet. The lot backs up to a wooded area. Rehabbed kitchen with nook and mudroom, stylish woodwork, appliances available. Estimated appraisal of $124,900 less $15,000 forgivable discount* = $109,900 mortgage (final price subject to change).








803 Linden Meadows Court Another gem! Huge three bedroom, two bath, home with a full basement, currently being completely rehabbed and insulated with a giant family room, new heat/ac, front porch and back deck, all electric,1760 sq. feet. The lot backs up to a wooded area. Newly rehabbed kitchen with appliances available. Estimated appraisal of $119,900 less $15,000 forgivable discount* = $104,900 mortgage (final price subject to change).


Call 945-1866 for details

Many more coming in 2007 & 2008!

Oak Street Houses for sale

CHDO New Construction
When possible, homes are built to suit the first time homebuying families and sold for thousands under appraisal price (with forgivable second mortgage*, see explanation). Other downpayment assistance available to qualified buyers, too. Some modifications and color/carpet selection can be made by families who are qualified and committed to a particular lot!

SALE PENDING!

601 E 8th Street A 1250 square foot 3-bedroom 2-bath home with a full basement on a nice corner lot. This historic neighborhood is just a few blocks from downtown, where the excitement is coming: Scribner Place, renovations of classic buildings, and lots more! This 2-story house has an existing 1-car garage! A covered, full front porch leads to a 23-feet deep livingroom / kitchen area, with a 12-foot vaulted ceiling and a huge front window set. Ten windows illuminate the rooms from every angle, 6 closets and a handy utility room near the kitchen. There is even an upstairs bonus area for play or study/office! Preliminary appraisal of $104,000 less $20,000 forgivable discount* = $84,000 mortgage (final price subject to change).


STILL AVAILABLE!
708 Culbertson Another 1250 square foot 3-bedroom 2-bath home in the same historic neighborhood (see 601 E 8th). A covered, full front porch leads to a 23-feet deep livingroom / kitchen area, with a 12-foot vaulted ceiling and a huge front window set. Ten windows illuminate the rooms from every angle, 6 closets and a handy utility room near the kitchen. There is even an upstairs bonus area for play or study/office! Preliminary appraisal of $99,000 less $20,000 forgivable discount* = $79,000 mortgage (final price subject to change).



COMING SOON!

Similar to the above, Community Housing will be building two more two-story, 3-bedroom, 2-bath homes on lots at 1413 and 1415 South Street.
Call 945-1866 for details

Discounts as Forgivable Loans

Forgivable loans from the CHDO are no-interest, no-repayment loans that are forgiven over the “affordability period” required by HUD (usually 5 or 10 years). Home must be used by the homebuying family as their primary residence. Discuss with CHDO staff for details.