single-family homes for sale
Where Quality Meets Affordability
06Matthew 25 has built two beautiful new construction homes on the west side of Cedar Rapids. Built with low maintenance and energy costs in mind, these two gems are affordable, sustainable, quality homes featuring the following:
- 3 Bedrooms
- 2 Bathrooms
- Basement with spacious living room, bedroom, and bathroom
- Open concept kitchen with island
- Quartz countertops and soft-close hinges on cabinets
- Contemporary lighting
- Large front porch
- Lots of windows and natural light
- Parking pad (no garage)
- High-energy furnace
- Energy Star appliances
Home locations and prices are:
806 5th Ave SW, Cedar Rapids – $206,000
515 9th St NW, Cedar Rapids – $206,000
Both newly constructed homes have already been marked down significantly with existing subsidies, and Neighborhood Finance Corporation (NFC) has additional homebuyer subsidy, grant and loan opportunities. Leveraging available subsidies, the selling price of these homes can be further reduced. Based on the subsidy/grant/loan you may qualify for, your estimated monthly payments could range from $1,200 to $1,400.
Interested in purchasing one of the homes? Homebuyers must make 80% or less than area median income and plan to live in the home as shown in the following chart:
It’s a great opportunity to make your homeownership dream a reality for first time home buyers!
If you qualify, please fill out and submit this Home Buyers Questionnaire.
