305 N Willow Ave

Sioux Falls, SD 57104

New Construction — Move-In Ready & Built for Equity Step into this brand-new Governor’s Home offering 1,393 sq. ft. of smart, modern living on an oversized, deep lot. Built with energy-efficient 2x6 construction, this slab-on-grade home provides plenty of space without the worry of a wet basement. The open layout features three bedrooms on one level, including a private primary suite with its own master bath and a second full bathroom. Enjoy main-level laundry with a brand-new washer and dryer, plus a living room and an eat-in kitchen with stainless steel appliances — perfect for everyday living or entertaining. The front deck adds even more outdoor living space to relax or host guests. The oversized 13X50 tandem garage is drywalled and provides room for two cars (or a pickup and trailer) plus extra space for a workbench, hobby area, or man cave. There is room on this lot to add a second double tandem garage so there is potential for four cars instead of two. A spacious foyer offers mudroom or office flexibility, and the framed unfinished basement is ready for a future bedroom or family room and a third bath — a built-in opportunity to add equity. Alternatively, the seller would finish the family room and third bathroom for an additional $10,000. Move in now, grow into the space, and make it your own. Buyer Qualification Requirements Purchasers must meet the following program guidelines: Income limits: • $72,380 or less for 1–2 person households • $82,720 or less for households of 3 or more Net worth limits: Age 61 or younger: less than $125,000 total net worth or $105,000 in liquid assets Age 62 or older: less than $250,000 total net worth or $140,000 in liquid assets Buyer must occupy the home as their primary residence. Financing Details This incredible price includes an $11,400 forgivable loan from SDHDA: Purchase price: $265,000 First mortgage: $253,600 Soft second mortgage assumed at closing: $11,400, forgiven at $2,280 per year over five years To check eligibility, contact rhea@secog.org. A rare opportunity to own brand-new construction with a large yard and an affordable path to homeownership—don’t miss out! Additional Notes: Interior photos are virtually staged and taken from a similar property; finishes will be comparable but not identical.

Listing courtesy of Lynne Forbes of South Eastern Development Foun lynne@secog.org



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Data last updated at: 2026-05-17 10:27 PM UTC