What $110,000 can buy you in 3 Blaine Neighborhoods

Posted on Thursday, February 12th, 2015 at 11:50am.

A tight budget shouldn’t keep you from buying a home in Blaine. The key is to keep your expectations realistic. Let’s face it, you won’t find an estate for less than $125,000 anywhere in the country, let alone in Minnesota.

Don’t let fixer homes scare you away, either. The Federal Housing Administration (FHA) offers guaranteed loans that allow borrowers to finance both the purchase of a house and the cost of its rehabilitation. The rehab costs are rolled into the loan so that you have a single mortgage payment each month. It’s an amazing program that I’m happy to discuss further with you.

Another way to get the home you want is to build it.

The current Blaine real estate market has plenty of low-priced properties on the market from which to choose.

The Sanctuary

If a prestigious address is important to you when shopping among homes for sale in Blaine, have you considered building a home? You can pick up a 0.36-acre lot in The Sanctuary for $74,900. The Sanctuary is located in the Spring Lake Park school district, south of The Lakes, on 108th Lane NE.

Clover Leaf Farm

Built in 1986, the townhomes at Clover Leaf Farm sit on a quiet, rural-like road in southwest Blaine. This 2-bedroom, 1.5 bath home features hardwood floors, ceiling fans and a private garage. It does need a little work, which is why it’s listed at only $91,000.

Woodland Village

Talk about location! Woodland Village is located just south of the new 38-acre Lexington Athletic Complex in east Blaine and north of Lochness Park – a recreation wonderland area for folks so inclined.

For $106,000 you can purchase a 0.28-acre walkout lot and build your dream home. This property is located in the Centennial School District.

Next week we’ll take a look at what you can buy in three Blaine neighborhoods at the top of the market.

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