Immediately Available for Contract
This home has already gone through the required 30-day open marketing period and selection. It is now available for immediate contract. To go under contract applicants need to be currently certified by the program and under the income and asset limits (listed below). Households that are currently not certified by the program are encouraged to complete an application.
Property Description
Spacious downtown Boulder loft with open floor plan, large bright living room and kitchen connected, separate laundry room, large master bedroom, a full bathroom, spacious balcony, and one designated parking spot in underground parking garage. The building is secure with fob access and 24 hour security. This condo is located in the best and most central district in Boulder, across from the Farmer's Market, Central Park, Boulder Creek path and walking distance to all the amazing restaurants, coffee shops on Pearl Street Mall.
- Max Price: $214,803
- 1 bedroom, 1 bathroom
- Square Feet: 1,202
- HOA: $638.90/month (HOA evaluation check list PDF)
- HOA Pet Policy: Pets are allowed
- Tax: $1,267/year
- Parking: Assigned parking space in shared underground garage
- Exclusions: None
Special Lending Conditions: This home is in a building that has both residential and commercial spaces. In communities like this lending options may be more limited. Please talk with your lender prior to entering the selection to confirm they can provide a loan for a home in this building/community. They may classify this home as “non-warrantable” for traditional underwriting and will need to identify alternative lending options.
Income Limits
| 1 PERSON |
2 PERSON |
3 PERSON |
4 PERSON |
5 PERSON |
|---|
| $98,280 |
$112,320 |
$126,360 |
$140,280 |
$151,560 |
Asset Limits
| ASSET CLASSIFICATION* |
1 PERSON |
2 PERSON |
3 PERSON |
4 PERSON |
5 PERSON |
|---|
| All Households |
$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 ($42,961 – 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.
Entrants for this home initial selection held on September 24th, 2021:
| Number Entered |
Tier |
|---|
| 1 |
Work in Boulder Year+ and Certified Year+ |
| 2 |
Work in Boulder year+ |
| 0 |
Work in Boulder less than year and Certified Year+ |
| 0 |
Work in Boulder less than year |
| 0 |
Certified Year+ |
| 1 |
All other |
Tier of applicant that went under contract-Not applicable
After all original entrants from the selection declined to contract, the property became immediately available for contract for all tiers since the required 30 days open marketing period had elapsed.
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.
