Property Description
Six brand new 1B/1B "Fixie" Plan with large 14x26 ENCLOSED FENCED YARD, PATIO OR BALCONY & PRIVATE GARAGE at Velo Condos, a new community in Boulder's Best New Hub across from 45-AC VALMONT BIKE & DOG PARK. Stainless steel appliances including range/oven, fridge, dishwasher, microwave with modern cabinetry and large 11x6 laundry room. Many extra features like LED lighting, central A/C, keyless smart locks, ceiling fans in living rooms and 9' ceilings! Estimated completion for these units is April-June 2021, subject to change. Indoor/outdoor co-working/co-market space + park. BIKE & DOG WASH & bike ramps at interiors stairs. Bike to breweries, cafés, restaurants, RAYBACK and Whole Foods. Nearby access to bike paths, bus route and Foothills Pkwy. Valmont City Park expansion plans for 90 more acres, see WWW.VELOCONDOS.COM . TO VIEW SPECIFIC UNITS, 3D VIRTUAL TOUR, FINISHES AND FEATURES. Some images may be of renderings of other units. Views portrayed in renderings not guaranteed. All info subject to change.
- Max Price: $154,106
- 1 Bedroom, 1 Bathroom
- Square Feet: 706
- HOA: $234.74/month. Subject to change (HOA evaluation check list PDF)
- HOA Pet Policy: Yes, up to 2 pets
- Tax: $944/year - estimate
- Parking: One car garage
- Solutions grant eligible (applicants need to qualify)
Income Limits
| 1 PERSON |
2 PERSON |
3 PERSON |
4 PERSON |
5 PERSON |
|---|
| $64,160 |
$73,310 |
$82,465 |
$91,620 |
$99,020 |
Asset Limits
| ASSET CLASSIFICATION* |
1 PERSON |
2 PERSON |
3 PERSON |
4 PERSON |
5 PERSON |
|---|
| Standard |
$55,000 |
$70,000 |
$85,000 |
$100,000 |
$115,000 |
| Recently Divorced |
$85,000 |
$100,000 |
$115,000 |
$130,000 |
$145,000 |
| Retired |
$85,000 |
$100,000 |
$115,000 |
$130,000 |
$145,000 |
| Permanently Disabled |
$140,000 |
$155,000 |
$170,000 |
$185,000 |
$200,000 |
Your down payment will be deducted from your total assets up to 20 percent of the home’s value ($30,821 – for this home). For example, if a two-person household with assets calculated by the program to be $90,000 puts $20,000 down they would be eligible ($90,000-$20,000=$70,000 in assets). If you are classified as retired or permanently disabled all the money you put down will be deducted. Please contact us if unsure you are below the asset limit for this home.
Fair Selection Process
How Long Will it Take? - an explanation of the Fair Selection Process.
One selection process will take place for all six homes. First place winner will have first choice in unit, second place winner will have second choice, and so on.
Entrants for this home’s selection:
| Number Entered |
Tier |
|---|
| 2 |
Disability Accommodation for Specific Home Features |
| 0 |
Work in Boulder Year+ and Certified Year+ |
| 14 |
Work in Boulder year+ |
| 0 |
Work in Boulder less than year and Certified Year+ |
| 1 |
Work in Boulder less than year |
| 0 |
Certified Year+ |
| 3 |
All other |
Tier of applicants that went under contract:
2 from Disability Accommodation for Specific Home Features & 4 from Work in Boulder year+ (numbers 1-6 in the selection) - Initially
1 from Disability Accommodation for Specific Home Features & 5 from Work in Boulder year+ (numbers 1, 3, 4, 10, 11, and 16 in the selection) - by time of closing because some initial buyers decided not to purchase
The City of Boulder does not warrant the entire contents of this listing. Some listing information is received from the seller and/or the seller's real estate agent. Prospective buyers and their agents are responsible for verifying listing information in person, through communication with the listing agent or seller, through public records, and other due diligence processes.
