Craftsman Bungalow in Roosevelt in low 300’s

June 16, 2009 | By Lyle Plocher

A few years ago, the possibility of buying a home in the Roosevelt Historic District in the low 300’s was totally unimaginable. Fast forward to today’s real estate market and experience the new market reality. This Bungalow, built in 1912 and just steps from the light rail station at Central & McDowell is on the market for $329,000. Due to the recently increased FHA loan limits, this home would qualify for FHA financing with as little as 3.5% down.