What Does an $85,000 Home Look Like in St. Louis?

As we approach the end of 2024, the real estate landscape in St. Louis, Missouri, continues to evolve, presenting both challenges and opportunities for prospective homebuyers. Recent insights from strategists at Redfin, Fannie Mae, and other industry experts indicate that mortgage rates are likely to remain in the mid-6% range throughout 2025. Furthermore, national home prices are projected to experience a modest increase of 1.5% to 4%. While this upward trend may signal a recovering market, it also raises significant concerns about the availability of affordable housing options, which could become increasingly scarce in the coming years.

St. Louis, a city renowned for its captivating blend of historic charm and modern conveniences, continues to attract the attention of homebuyers from various walks of life. The city’s rich cultural heritage, vibrant neighborhoods, and diverse amenities make it an appealing destination for those seeking a place to call home. As the market shifts, it becomes imperative to identify the affordable housing options that remain accessible to a wide range of buyers. With this in mind, let’s delve into what a home priced at $85,000 looks like in St. Louis, focusing specifically on the property at 9611 Balboa.

 Property Overview

Address: 9611 Balboa, St. Louis, MO 63136

Price: $85,000

Size: 2 Bedrooms, 1 Bathroom, 928 sqft

Lot Size: 6,351 sqft

Monthly Payment: Approximately $850 (30-year financing)

Down Payment: Just $3,000!

A Unique Opportunity: Owner Financing with No Credit Check

One of the most compelling features of this property is the owner financing option, which opens the door to homeownership for many individuals who may have encountered obstacles in the traditional lending landscape. With no credit check required, this presents a golden opportunity for aspiring homeowners to step into their dream abode with a modest down payment of just $3,000. Imagine the possibilities that await you in this charming residence, where you can create lasting memories and build a future.

A Cozy Ranch/Bungalow Style Home

This delightful single-family residence showcases a classic Ranch/Bungalow style, characterized by its inviting covered front porch. The porch not only enhances the home’s curb appeal but also provides a cozy spot to enjoy your morning coffee or unwind after a long day. Picture yourself here, surrounded by the friendly atmosphere of the neighborhood, greeting neighbors as they stroll by or simply enjoying a peaceful moment in the fresh air.

Spacious Living Areas

Upon entering the home, you are greeted by a spacious living room that offers ample room for various furniture arrangements. This versatile space can easily accommodate a dining area, making it perfect for entertaining guests or enjoying family meals. The natural light streaming through the windows creates a warm and inviting ambiance, making it a perfect gathering spot for family and friends. Whether you’re hosting a game night or enjoying a quiet evening in, this living area is designed for comfort and connection.

Functional Kitchen

The eat-in kitchen is a highlight of this property, featuring a kitchen/dining combo that maximizes space and functionality. Whether you’re a culinary enthusiast eager to whip up gourmet meals or someone who prefers quick and easy dining options, this kitchen is designed to meet your needs. With ample counter space and storage, you’ll find it easy to prepare meals and entertain guests. Imagine family gatherings filled with laughter and delicious food, all centered around this inviting kitchen.

Comfortable Bedrooms and Bathroom

The main level of the home includes two well-appointed bedrooms, providing comfortable living spaces for family members or guests. Each bedroom offers a peaceful retreat, with enough space for personal touches and decor that reflect your unique style. The full bathroom is conveniently located on the main level, ensuring easy access for everyone, which is especially beneficial for families or guests. The thoughtful layout of this home promotes a sense of ease and comfort, making it a perfect sanctuary for relaxation.

Unfinished Basement: A Blank Canvas

One of the standout features of this property is the full unfinished basement. This expansive space offers endless possibilities for storage or potential expansion. Whether you envision a home gym, additional living space, or a workshop, the basement provides a blank canvas for your creativity. Imagine transforming this area into your dream space, tailored to your lifestyle and needs. The potential for customization is limited only by your imagination, making this home a truly unique opportunity.

Perfect for Rental Income or as a Primary Residence

Given its affordable price and appealing features, 9611 Balboa presents a fantastic opportunity for generating rental income or serving as a comfortable primary residence. This property is well-suited for investors looking to expand their portfolio, as its attractive owner financing option and no credit check requirement make it accessible to a wide range of potential tenants.

For those seeking a place to call home, this residence offers the perfect blend of charm and functionality, making it an ideal choice for families or individuals. The spacious living areas, cozy bedrooms, and inviting kitchen create an environment that fosters comfort and connection. Whether you choose to live in the home yourself or rent it out, 9611 Balboa stands out as a versatile option that can adapt to your lifestyle needs. With the potential for appreciation in a growing market, this property is not just a place to live; it’s a smart investment in your future.

Conclusion

In conclusion, the St. Louis real estate market presents a unique opportunity for both first-time homebuyers and seasoned investors, especially with affordable options like the property at 9611 Balboa. Priced at $85,000, this charming Ranch/Bungalow home features spacious living areas and owner financing with no credit check, making it accessible for many buyers.

Living in St. Louis means enjoying a vibrant community rich in culture and history. If you’re ready to explore homeownership, don’t miss out on this opportunity. 

Don’t miss out on this incredible opportunity! If you’re interested in learning more about this property and how it can be the perfect fit for you, call us today at 314-698-6740. Our team is ready to help you take the next step toward your dream home!