$220k Gets You Stunning Built-Ins In 110-Year-Old Rochester Home

How can this small, but gorgeous and packed with goodies 1912 Rochester home (851 1st Street SW, Rochester, MN 55902) be priced at only $220,000? Is it haunted? Or worst, shtaunted? That's where the ghost was a comedian and does schtick constantly.

Afton Zelinski - Edina Realty, Inc

This 110-year-old single-family home has three bedrooms, one bath, and about 2,400 square feet of home on a 966 square foot foundation. A lot is packed into this space. like all kinds of built-ins. In the living room, the dining room (with a beamed ceiling no less), and even in the breakfast nook!

Just take a gander.

Amazing 110-Year Old Kutzky Park Home for Sale - Just $220,000

The home at 851 1st Street SW is amazing in many ways, notably the gorgeous built-ins. Even for a home built in 1912, the craftsmanship is on another level.

From the property description:

Home is in the Community Land Trust program (homeowner owns home and improvements. $25/month land lease, Income guidelines)
Amazing Balcony off of the master bedroom.
All three bedrooms on the upper floor
Bonus room on the top floor that could be a fourth bedroom.
Original woodwork also stained glass.
Sunroom off the kitchen and dining room

What is the Community Land Trust? Basically, the trust owns the land and leases it to the homeowner. That takes the land out of the purchase price. Learn all about it by clicking here.

Property represented by: Afton Zelinski

Edina Realty, Inc

AftonZelinski@edinarealty.com

507-398-9481

Property represented by: Afton Zelinski

Edina Realty, Inc

AftonZelinski@edinarealty.com

507-398-9481

The Home Wins A Pretty Darn Good Walkability Score

Edina Reality - click for link

The Price Is So Low Because You Don't Buy the Land

Google

First, it's next to an old school apartment building, which probably has something to do with it, but really, the surprisingly low price comes from it being part of the Community Land Trust program run by First Home with the Rochester Area Foundation. That means you buy the home but not the land. The land, often a very expensive part of the purchase price, is owned by the trust, you just rent the land.

From their website:

What is a Community Land Trust?
"A Community Land Trust (CLT) creates affordable housing by taking the cost of land out of the purchase price of a home. It keeps housing affordable for future buyers by controlling the resale price of houses on CLT land through a ground lease and resale formula.
Home owners leasing CLT land under their home enjoy the security, control, tax advantages, and ability to build equity just like any homeowner. If they sell their home, the resale formula insures that the home remains affordable for the next family."

As always, if you have a comment, complaint, or concern about something I wrote here, please let me know: james.rabe@townsquaremedia.com

If you have a hankering to buy the home and sit on the back patio, here are the snacks to buy for the occasion.

Gallery - Top Ten Made in Minnesota Snacks

Minnesota is home to many delicious things, from hot dishes to pronto-pups. But a much smaller amount is created in and made in Minnesota. So, get munchin', sippin', and satisfyin'!

Click each image if you wnt to see what they cost, where to get 'em, etc.