The Slifer, Smith & Frampton – Denver office has three incredible condos in Denver’s Affordable Housing Program. This is a great program set up to provide housing that is attainable for lower income individuals and families throughout Denver. It is a great opportunity to live in Riverfront Park for a significantly discounted price. A potential buyer would need to apply through the city by submitting their tax returns and current employment information. There are a couple of things to note about this program.
1. These homes can only be owner occupied. You cannot keep them as a rental after you move out.
2. The city sets the maximum sales price and maximum income levels. Typically appreciation is capped at 3% a year.
3. The deed restriction is for 20 years. After this time period ends, this home will come out of the program and be at fair market value.
August was a great month of sales in Riverfront Park!
RESIDENCE SALES PRICE SF BEDS/BATHS SOLD DATE
The Park #3 $965,000 1,868 3BD/2.5BA 8/1/11
Glass House #1023 $285,000 690 1BD/1BA 8/10/11
The Park #10 $1,050,000 2,086 3BD/3BA 8/17/11
Creekside Lofts #404 $395,000 1,188 2BD/2BA 8/18/11
Creekside Flats #304 $390,000 1,185 2BD/2BA 8/22/11
Glass House #2122 $285,000 746 1BD/1BA 8/29/11
Glass House #1103 $314,250 889 1BD/1BA 8/29/11
Park Place Lofts #408 $415,000 1,195 1BD/2BA 8/30/11
Slifer, Smith and Frampton-Denver, Inc has had a great couple of weeks. Traffic has been up along with the number of offers and condos going under contract. In this past week we’ve put five of our listings under contract in four different buildings!
Glass House #2122 listed at $299,000
Creekside Flats #304 listed at $399,000
Creekside Lofts #404 listed at $405,000
Park Place Lofts #408 listed at $435,000
Promenade Lofts #608 listed at $1,600,000
Just like the weather, things are heating up around here!
Creekside Flats #407 is a stunning corner home with the best location in the buillding. This top floor residence boasts 14 foot ceilings, expansive windows and a large wrap around deck. An open living area has a beautiful hardwood floors, a large island and gas fireplace. The master suite has a large walk-in closet and private bath. With incredible views of the mountains and Cherry Creek this home is a must see! Located at 1440 Little Raven Street, Creekside sits along the peaceful Cherry Creek and a quaint tree lined drive. To see this beautiful home, call me at 303.618.3622.