Affordable Homes For Sale

NEW CONSTRUCTION HOME FOR SALE


PENNY LANE II - ICHIJO HOMES


This home is available to those who apply by 3:00 pm on November 10th and who meet the eligibility requirements for the program. See below for detailed instructions on the application process.

 7976 170th Ave NE, Redmond 98052 – Ready for move-in January 

Floorplan

Available Home

The affordable home is located at Penny Lane II in Redmond.  

ARCH MUST RECEIVE YOUR INTEREST FORM, PRE-APPROVAL AND HOMEBUYER EDUCATION CERTIFICATE BY NOVEMBER 10th, 2025 IN ORDER TO BE CONSIDERED FOR THE PURCHASE OF THIS HOME. 

RESALE COVENANT: All affordable homes are subject to requirements contained in a resale covenant, which is intended to ensure that homes are owner-occupied and remain affordable for future qualified buyers. A summary of the covenant provisions is attached.

Am I Eligible

New Application Summary Provisions Acknowledgement

***Open House***

Saturday, November 1st and Sunday November 2nd at 12:00pm-5:00pm

Address of home being shown:

7976 170th Ave NE, Redmond 98052

You may use any lender for your preapproval.

 

Application Process

Step 1 – Applicants will submit an Interest Form, Pre-Approval letter from a lender and Homebuyer Education Certificate: If you are interested in purchasing the affordable unit at Penny Lane II , please complete this online form no later than November 10th by 3pm. You will be required to attach your pre-approval letter and homebuyer education certificate to move forward with submitting your interest form. If you do not have a mortgage pre-approval letter, you must work with a lender to qualify for a standard 30-year mortgage loan. ARCH does NOT accept pre-qualification letters. If we do not have an interest form, pre-approval letter, and homebuyer education certificate from you by November 10th  at 3 PM you will not be placed on the priority list.

Step 2 – ARCH Staff will apply objective scoring to assign points to each applicant and conduct a lottery: ARCH applies scoring criteria when multiple households are eligible to purchase a home but there are limited homes available. This model assigns points for various criteria such as living in King County and all areas of Bothell, household size, and approval for specific homeownership assistance programs.  

The households with the highest number of points will be invited to a Zoom meeting where a lottery will be held to prioritize the order in which applicants are given the opportunity to purchase. The lottery helps ensure equitable access to affordable homeownership opportunities by randomly selecting applicants from a pool of top scoring candidates. Lottery will occur within a week of the deadline above. 

For more information on the ARCH scoring criteria and homeownership assistants programs please visit our website https://www.archhousing.org/apply-to-homebuying-process.

Step 3 – Application Review: Once an applicant is selected though the lottery process, ARCH staff follow up and evaluate the applicants’ income, household size, first-time homebuyer status, and other criteria to determine their eligibility for purchase. Additionally, the applicant will need to submit proof of all points awarded in the tiebreaker. Application review may take up to 3 weeks from the application submission deadline. We appreciate your patience. 

Step 4 – ARCH Staff will notify the applicant list: ARCH staff will provide an email informing all applicants when a buyer has been identified. 

If you have any questions on the ARCH program or application process, please review our Homebuying FAQ or call ARCH at (425)-861-3677.  For inquiries regarding overall property and specific questions about the home or the community, please reach out to: Amy Tovel at amy@ichijousa.com or 206-313-0996.

 

 We are expecting high interest in this home so please be patient and we will return your calls at our earliest convenience.

 

To unsubscribe from this list, please email us at info@archhousing.org 



Bellevue


Property: 2 Bdrm / 1 Bath / 892 sq ft

Address: 342 102nd Ave SE, #211, Bellevue, WA 98005 (MLS #2437293) - PENDING
Listing Price: $340,706

HOA Dues: $465 / month

Income Limits: 1 person $87,976
2 people $100,544
3 people $113,112
4 people $125,680

Contact: Jeff Dickinson - 206-852-9711; jeff.dickinson@exprealty.com

Property: 2 Bdrm / 1 Bath / 900 sq ft

Address: 5589 SE Lakemont Blvd, Unit 1702, Bellevue, WA 98006 (MLS# 2443337)
Listing Price: $495,000

HOA Dues: $657 / month

Income Limits: 1 person $98,973
2 people $113,112
3 people $127,251

Contact: Janet Bell - 206-909-4144; jbell@windermere.com


Property: 3 Bdrm / 2 Bath - 55+ community

Address: 23916 NE 115th Ln, #204, Redmond, WA MLS# 2318287
Listing Price: $549,000

Contact: Rich McKee - 425-770-4565; rich@teammckee.com

Property: 2 Bdrm / 2 Bath - 1,300 sq ft

Address: 13720 231st Ln NE, Redmond, WA 98053 MLS#2394455
Listing Price: $699,000

Household Income Limits: 1 person $131,964
2 people $150,816
3 people $169,668
4 people $188,520

Contact: Drew Jones - 206-619-2739; drew@windermere.com


Redmond

Issaquah

Property: 4 Bdrm / 2 Bath - 1,390 sq ft

Address: 838 4th Ave NE, Issaquah, WA 98029 (MLS# 2433739)
Listing Price: $757,775

HOA Dues: $407 / month

Income Limits: 3-person household $155,529
4-person household $172,810
5-person household $186,635
6-person household $200,460

Contact: Michelle Wright - 206-914-2127; michellewright4646@yahoo.com


Property: 2 Bdrms / 2 Bath

Address: 1981 24th Ave NE, #104, Issaquah, WA 98029 (MLS # 2358364)
Listing Price: $449,000

Household Income Limits: 1 person $109,970
2 people $125,680
3 people $141,390
4 people $157,100
5 people $169,668

Contact: Gordon Snyder - 425-765-88432; gsnyder@comcast.net

Property: 2 Bdrm / 2 Bath

Address: 1957 23rd Pl NE, Unit 203, Issaquah, WA 98027 MLS#2397408
Listing Price: $454,000

Household Income Limits: 1 person $109,970
2 people $125,680
3 people $141,390
4 people $157,100
5 people $169,668

Contact: Kyong Kwon - 253-332-5388; kyongkwon@bhhsnwrealestate.com

Property: 1 bedroom / 1 bath / 682 sq ft

Address: 1840 25th Ave NE, Unit 204, Issaquah, WA 98029  (MLS # 2405030)

Listing Price: $484,999

HOA: $443 / month

Contact: Alexa Herrmann - 253-359-8834 / Alexa@BetterPropertiesSoundview.com

Property: 4 Bedroom / 2 Bath / 1,460 sq ft

Address: 807 5th Pl NE, Issaquah, WA 98029 (MLS# 2439021)

Listing Price: $681,955

Household Income Limits: 3 people $155,529
4 people $172,810
5 people $186,635
6 people $200,460

HOA: $407 / month

Contact: Whitnee Dolce - 425-559-1355 / whitneedolcehomes@gmail.com

Property: 3 Bedroom / 2 Bath / 1, 290 sq ft

Address: 841 5th Pl NE, Issaquah, WA 98029 (MLS# 2432762)

Listing Price: $735,000

Household Income Limits: 2 people $138,248
3 people $155,529
4 people $172,810
5 people $186,635

HOA: $375 / month

Contact: Phalla Pol - 206-799-2402; p.pol@me.com






ARCH HOMES FOR SALE