1401 E 77th Ter Kansas City, MO 64131

Listing details for 1401 E 77th Ter, Kansas City, MO 64131 : *THIS IS AN INCOME RESTRICTED PROPERTY WITH A LAND LEASE* What a gem!! This fully renovated 4 bed/3 bath home on a corner lot is part of the Marlborough Community Land Trust, priced significantly below market value w/a 10 YEAR TAX ABATEMENT. You’ll love the bright and airy open-concept main floor with hardwood floors and a fireplace. Granite counters are featured in the kitchen and bathrooms. Main floor also has a laundry room, bedroom and full bath - everything you need on one level! Upstairs has TWO BED/BATH SUITES with WALK-IN CLOSETS - perfect for large or multigenerational families - plus a 4th bedroom and 5th nonconforming bedroom/ home office / bonus room. ALL NEW HVAC, plumbing, electrical, fixtures, and appliances (photos taken before kitchen appliances were installed; they are there now and included with the sale). Outside has plenty of off-street parking and spacious wraparound porch with a gorgeous new pergola. Do you have buyers struggling to compete in this hot market? A Community Land Trust home may be the solution! Qualified buyers are OWNER-OCCUPANTS whose household income is 80% or less of Area Median Income (AMI). Buyer's gross annual household income cannot exceed the following (# of people in household in parenthesis): (1 person)$48,550; (2)$55,450; (3)$62,400; (4)$69,300; (5)$74,850; (6)$80,400; (7)$85,950; (8)$91,500. Buyers must complete an application with the Marlborough Community Land Trust (www.kcclt.org/application) before an offer will be considered or accepted. Buyers must complete HUD-approved homebuyer education class prior to closing. Seller is a non-profit organization and seller's agent is a board member of seller. This is an AMAZING opportunity for a moderate income buyer to get into fabulous dream home! Listing agent will walk you through all the steps for your buyer to qualify, so don’t hesitate to reach out!