2400 W Bailey St, Sioux Falls, SD 57104
2400 W Bailey St, Sioux Falls, SD 57104
2400 W Bailey St, Sioux Falls, SD 57104
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$263,600
Est. payment /mo
3 Beds
2 Baths
1,200 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $219

Subdivision Merediths 2Nd Addn

MLS Listing ID 22600666

Style Ranch

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 2025

Lot Size 6,603 Sqft

Property Sub-Type Single Family

Property Description

Brand-New Construction | Easy Access to Interstate and Downtown | Affordable Path to Ownership | Two Blocks to All City Elementary

Welcome home to this thoughtfully designed new construction offering 1,200 sq. ft. of efficient, modern living. Built with durable 2x6 stick construction for enhanced energy efficiency, this home features smart design, neutral finishes, and room to grow—inside and out.

The open-concept main level includes three bedrooms and two bathrooms, anchored by a private primary suite with an en-suite bath. Main-floor laundry adds everyday convenience, complete with a brand-new washer and dryer. The eat-in kitchen is equipped with stainless steel appliances and a dishwasher, making both daily living and entertaining easy.

An attached double garage provides added functionality, while the unfinished basement offers excellent potential to build equity. The lower level is ready for your finishing touches and has room for a future family room, two additional bedrooms, and another bathroom.

Enjoy a convenient location near the Denny Sanford Premier Center, with quick access to I-29 and downtown.

Buyer Qualification Requirements

Purchasers must meet the following program guidelines:

Income limits:
• $71,540 or less for 1–2 person households
• $81,760 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 price includes an $11,400 forgivable loan from SDHDA:

• Purchase price: $275,000
• First mortgage: $263,600
• Soft second mortgage: $11,400 (Forgiven at $2,280 per year over five years)

You must qualify for bank financing to purchase the home. To check eligibility for the Governor's House program, contact rhea@secog.org

Location

State SD

County Minnehaha

Area Sfn004

Rooms

Basement Full

Master Bathroom 1 Full

Master Bedroom Main 13x12

Bedroom 2 Main 12x9

Bedroom 3 Main 12x9

Living Room Main 15x14

Dining Room Main 9x9

Kitchen Main 9x9 Eat in kitchen

Interior

Interior Features Master Bed Main Level, Master Bath, Main Floor Laundry, 3+ Bedrooms Same Level

Hot Water Electric

Heating Central Natural Gas

Cooling One Central Air Unit

Flooring Carpet, Vinyl

Equipment Electric Oven/Range, Microwave Oven, Dishwasher, Refrigerator, Washer, Dryer, Sump Pump, Smoke Detector, Air Exchanger, Garage Door Opener

Exterior

Exterior Feature Vinyl

Parking Features Attached

Garage Spaces 2.0

Roof Type Shingle Composition

Building

Lot Description Corner, City Lot

Foundation Poured

Sewer City Sewer

Water City Water

Schools

Elementary Schools Garfield Es

Middle Schools George Mcgovern Ms - Sioux Falls

High Schools Thomas Jefferson High School

School District Sioux Falls


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Realtor Association of the Sioux Empire, Inc. (RASE)
LIsted by South Eastern Development Foun • Lynne Forbes

Nearby School & Business

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Michelle Maloney

Michelle Maloney

+1(605) 677-9006

Broker | License ID: 14315

Broker License ID: 14315

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