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2 Bed, 1 Bath - $146,163 - Closed November 2020

2 Bed, 1 Bath - $146,163 - Closed November 2020

In response to COVID-19, the City of Boulder Homeownership Program has made temporary program adjustments. Please visit this webpage for details.

 

Property Description

Enjoy community living or relish privacy in this 1920 schoolhouse ground-level condo, located east of Broadway on the bus line or walk to restaurants and shops. Greeted by a patio and common gardens, the floorplan has a spacious bath off the master yet shared by the second bedroom or make it an office. Features include high ceilings, walk-in closets, kitchen island, ceiling fans, tile and carpet. An interior door opens to the community-shared spaces including a living room, library, art room, laundry, and a "rent a room for family". The condo has an assigned garage space in the common garage and a storage cage in the common basement.

  • Max Price:  $146,163
  • 2 bedrooms, 1 bathroom
  • Square Feet:  743
  • HOA:  $222/month (2020 HOA includes $197 allocated to dues and $25 to common utilities). Last HOA increase was $7 on January 1, 2020.   (HOA evaluation check list) pdf
  • HOA Pet Policy:  Pets allowed
  • Tax:  $813/ year
  • Parking:  Assigned parking space in the common garage
  • Exclusion:  Smart locks, grill
  • This home is not FHA or VA approved. Interested buyers should arrange other financing options.
  • This home is Solution Grant eligible (applicants need to qualify)

​Showings available by Showingtime appointment only. Saturdays 12:00 Noon to 3:00 pm. To preview the property, please have your real estate agent make an appointment through Showing Time. Seller requests that buyers be certified through the City to preview the property.

The requirement to view a home before entering the Selection Process has been reinstated. State and local guidelines now allow for viewing homes in the context of a real-estate transaction. If a prospective buyer or seller are immune compromised or have other reasons for why this may not be safe please contact the program so we may make accommodations. 

 

Property Photos

See full photo set in the Photo Gallery

 
 

Income and Asset Limits

Income

1 person 2 person 3 person 4 person 5 person
$64,160 $73,310 $82,465 $91,620 $99,020

Assets

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 ($29,233 – 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 Details

Click here to better understand one’s prospects in the fair selection process

Entrants for this home’s selection:

Number Entered Tier
3 Work in Boulder Year+ and Certified Year+
9 Work in Boulder year+
0 Work in Boulder less than year and Certified Year+
1 Work in Boulder less than year
0 Certified Year+
0 All other

Tier of applicant that went under contract:

Work in Boulder year+ and Certified Year + (number 2 in the selection)
 

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.


Notice of Nondiscrimination

Equal Housing Opportunity logo

The City of Boulder, Division of Housing does not discriminate on the basis of race, color, religion, gender, age, national origin, disability, marital status, familial status, sexual orientation or military status in any of its programs, services or activities.

Reasonable Accommodation

The Department of Housing and Human Services, upon request, will provide appropriate aids and services leading to effective communication for qualified persons with disabilities so they can participate equally in programs, services and activities. Anyone who requires an auxiliary aid, communication service, or a reasonable accommodation to participate in a program, service, or activity of the Department, should call the ADA/Section 504 Coordinator at 303-441-3231. For hearing or speech impaired residents, please dial 7-1-1 for Relay Colorado.

For more information on legal notices and resources, visit: bouldercolorado.gov/housing/legal-notices