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Median Sales Price for 364 – Brooklyn Park

January 4, 2011 By
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Median Sales Price for 364 – Brooklyn Park.

The median sales price for traditional sales has declined from $200,705 to $168,000 over the past three years in Brooklyn Park while the median sales price of foreclosed properties dropped from $144,700 to $110,000 over the same timeframe.  Short sales have attracted sales prices in between the two categories, with median sales price declines from $165,000 to $135,000.

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Community Information

January 4, 2011 By Leave a Comment
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Geographic Data
Champlin is located in northern Hennepin County on the west bank of the Mississippi River about 17 miles northwest of Minneapolis. The average elevation is 875 feet above sea level and the Mississippi River is approximately one-eighth of a mile wide. The City is approximately 8 square miles in size and has approximately 24,010 residents. It is bounded by the Mississippi River on the east and north, Brooklyn Park and Maple Grove on the south, and Dayton and the Elm Creek Park on the west.
History
After being captured by the Sioux Indians in the spring of 1680, Father Louis Hennepin, a Franciscan priest; Michael Accult, a voyager; and Picard Dulay were brought to the site now known as Champlin. In the 18th and 19th centuries, legend has it that there was an Indian trading post at the junction of Elm Creek and the Mississippi River. Charles Miles made the first permanent settlement here, building his house just below the mouth of Elm Creek in 1852. The Township of Marshall was organized in 1858 and a year later, Marshall reorganized into two townships, Champlin and Dayton, and the post office was established.
Champlin is unique in that it is one of the few communities in the United States which bears a surname as its name. The name Champlin came from the family name of U.S. Navy Commodore Stephen Champlin. He was active in the war against England and Canada in 1812 and in the establishment of the Canadian-United States Boundary. The Commodore’s daughter was married to John B. Cook, a partner of Minnesota’s Alexander Ramsey. Although Cook was never a resident of Champlin, he was involved in real estate transactions here and in the incorporation of Champlin. In 1947 a portion of the old Township of Champlin was incorporated to form the Village of Champlin and on January 2, 1971, the Township of Champlin and the Village of Champlin consolidated as the result of a petitioned order from the Minnesota Municipal Commission to form the City of Champlin.
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Meet the Perkins Team

January 4, 2011 By Leave a Comment
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A single real estate transaction requires the completion of numerous tasks: Marketing, Negotiation, Sale Tracking, Communication…just to name a few! As a buyer or seller you need a trusted counselor, skilled negotiator, and an expert facilitator. The Perkins Team recognizes this need and has assembled a group of individuals to meet it. Each member of the Perkins Team has different strengths and talents allowing us to handle your transaction with the care of a specialist — every step of the way! 
 
 Our Sales Team                                                    
The Perkins Team agents know the Twin Cities neighborhoods and properties inside and out. They answer questions and communicate proactively by phone, e-mail, fax and in person. Whether you’re selling or buying our sales agents provide perspective and advice when you need it and listen to your needs to ensure the best possible result for your unique situation. We hope the following information greets you with a positive response because its purpose is to give you enough information about how the Perkins Team works, so you feel comfortable in choosing us . . . The Perkins Team, to represent you in your upcoming Real Estate Transaction! 
 
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Down Payment Assistance for First Time Buyers

January 2, 2011 By Leave a Comment
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Minnesota Housing finaces and advances affordable housing opportunities for low and moderate income Minnesotans to enhance quality of life and foster strong communities.  They offer mortgage programs that provide affordable interest rate loans to eligible first-time homebuyers.
  Why Choose Minnesota Housing?                                                                                       Down Payment Assistance!
  • Below market interest rates                                                                                 
  • No extra fees or discount points                                                                               
  • Interest-free loans from $3,000 to $8,500 to help with downpayment and closing costs for eligible borrowers
  • MMP has Generous income limits in the 11 county metro area of $84,000 for a household up to 4 people and $97,500 for 6 people
  • CASA income limits in the 11 county metro area of $67,200 for a household up to 4 people and $78,000 for 6 people
  • Purchase price up to $298,125 in the 11 county metro area
  • Minnesota Housing offers below-market interest rates
To qualify, you must:
  • Be a first-time homebuyer (or have not owned a home in the past three years)
  • Meet the requirements for income and home purchase price limits
  • Have acceptable credit
Minnesota Housing First-time Homebuyer Loan Programs:
1)  Minnesota Mortgage Program (MMP)
  • Available Statewide
  • Below-market interest rate
  • Downpayment and closing cost assistance available for Targeted Borrowers up to $3,000
  • Higher income limits
2)  Community Activity Set-Aside (CASA)
  • Available in participating communities
  • Affordable interest rate
  • Downpayment and closing cost assistance available for eligible borrowers from $4,500 to $8,500
  • Purchase and repair option
Cash to Close
The Homeownership Assistance Fund (HAF) and HOME Homeowner Entry Loan Program (HOME HELP) help low to moderate income first-time homebuyers who qualify for a Minnesota Housing loan by offering interest-free, deferred loans to help with downpayment and closing costs.
Homebuyer Education
Minnesota Housing requires Qualified Homebuyer Education for some loans prior to closing.

 

Filed Under: Buyer Information, Features Tagged With: , , ,
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