1401 Cedar Street

Description

Welcome to an affordable 2 bedroom + 1.5 bathroom condominium which sits on community trust leased land just off the walking path and Clark Fork River. Live down the street from Western Cider and walking/biking distance to downtown and Riverfront Park. Close to many trails and walking paths.This condominium is in great condition and ready to move into. Office space or den as you enter from the ground floor. Safe access to your single car garage tucked under the unit. Step up to the second level and enjoy a private living room. Good sized kitchen with a gas range and a small eating area. Step out to the delightful balcony where you can relax and barbeque. The half guest bath on this floor is convenintly located between the living room and kitchen. Step up to the third level where you have 2 bedrooms and a full bath. The laundry is located on the third floor. Owners are responsible for gas, electric, water and trash. Parking in front of the unit is not reserved.HOA permits 2 pets only. This condominium project was built in 2005 to provide housing for persons who are in the 80% median income or less for Missoula County. The land that the 3 buildings sit upon is a ground lease and is part of the Front Step Community Land Trust . Lease payments are $35.00 monthly payable to Front Step Community Land Trust for 75 years. The HOA is a separate entity consisting of the 25 owners HOA fees are $170.00 a month. All buyers must make an application through Front Step Community Land Trust to determine if they qualify and the buyer is chosen through their lottery system . All buyers must provide a lender letter with an offer. All offers through Listing Agent once buyer has been approved through Front Step. This unit can be purchased with Cash, FHA, VA, Conventional Financing. Front Step Community Land Trust does have limitations on equity appreciation in the re sale of the unit, Asset limitations, # of occupants, and must complete Home Buyers Class. Owners can apply through the Missoula County Department of Revenue for Property Tax Subsidy. Current taxes are subsidized for current owner and is non transferable. The land/ditch behind Building 3 and the walking path was vacated by the City, no water flows through ditch, camping is not allowed. The HOA is managed by the Dwelling Place and they do some minimal maintenance on the ditch. March 5, 2026 is deadline for application through F