About this property

Deed-Restricted Affordable Home - Managed by Yampa Valley Housing Authority. An excellent opportunity for qualified local buyers seeking long-term, attainable homeownership in Steamboat Springs! This 3 bedroom, 1.5 bath half-duplex offers 1,170 square feet of living space in a convenient west-side location on the free bus line, with no HOA fees. Inside, you’ll find an open kitchen, living and dining floor plan and a modern bathroom remodel featuring a sleek stand-up shower (no bathtub in the home.) The property includes a fenced side yard with storage shed, open front yard, small front and back porches, and gravel parking for up to three vehicles. This home is part of the Yampa Valley Housing Authority (YVHA) deed-restricted affordable housing program. It is limited to buyers earning up to 60% of the Area Median Income (AMI) and subject to a 3% annual appreciation cap, compounded quarterly. Buyers must work full time in Routt County, meet income limits (e.g. a Buyer cannot make more than: $54,600/year for 1 purchaser, $62,400 /year for 2 purchasers, $70,200/year for 3 purchasers, etc.), and obtain YVHA approval and Lender pre-qualification letter. All buyers must be pre-approved by a lender for the $266,796 purchase price before showings can be scheduled. *no asset limit for this property.

Features and Additional Information