Quarterly Development Status Report - 4th Quarter 2016


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MAP#
 LOCATION                   
 DESCRIPTION
1 5924 Elmhurst Ave. N. Tollberg Homes has submitted an option on the property with a lot price of $50,000.  This option expires in June, 2017, and the proposed home is listed for sale.
2 3556 Major Ave. N. The EDA is seeking new house proposals with a lot price of $25,000.  This lot has been discounted due to its narrow configuration and the need for new water and sewer services.
3 3122 Douglas Dr. N. Tollberg Homes purchased this property for $55,000.  Construction of the new home began in July, 2016, and the home is for sale.
4 4901 Vera Cruz Ave. N. Yorway Custom Home Builders purchased this lot for $50,000.  Construction on the new home began in June, 2016.  The builder has a buyer for the house.
5 4331 Vera Cruz Ave. N. Timbercraft Enterprises purchased this lot for $50,000.  Construction of the home began in Fall, 2016.  The builder has a buyer for the house.
6 4553 Yates Ave. N. The EDA sold the lot to Day Construction with a lot price of $45,000.  Construction of the new home is complete and the home sold.
7 4724 Lakeland Ave. N. Joe Meyer homes has submitted an option on the property with a lot price of $55,000.  This option expires in July, 2017.  The builder has a buyer for the home.