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2 Bed, 1 Bath - $162,271 - Closed September 2019

2 Bed, 1 Bath - $162,271 - Closed September 2019

Non-traditional Resale Process

This home is part of the Permanently Affordable Program and applicants need to be qualified as they would for any home in the program. This home is different from most homes in the program in that it does not go through the traditional marketing period and selection process. This home is part of the Nomad Cohousing community, one of the first co-housing communities within the City of Boulder Permanently Affordable Homes Program. As such, a non-traditional resale process is followed. Included in this are opportunities to visit the home and learn about the Nomad Cohousing community, opportunities to review written description and required agreement of the community goals, a questionnaire to help understand how one may fit in with the community, and meetings with members of the community. At the end of this process, the seller of the home, with input from others in the Nomad Cohousing community, selects the buyer of the home. There will not be a random drawing that usually happens with other homes in the program.

About Nomad Cohousing, Required Document Review, and Required Applicant Questionnaire

Details about the Nomad Cohousing community are on their website. Included are governing documents and agreements that each applicant is required to read. In addition, there is a questionnaire that each applicant it required to complete. Please use this link to access this information: https://nomadcohousing.org/for-sale-or-rent/

Property Description

Unique and rarely available opportunity to be a part of the Nomad Cohousing Community through the City of Boulder’s Permanently Affordable Housing Program. Not only is this a great opportunity to be a part of a vibrant cohousing lifestyle where residents enjoy community gathering areas and share resources, you can also take advantage of the incredible location just steps to Lucky's Market, Wonderland Lake, bus line and all North Boulder amenities. This 2 bedroom, 1 bath unit features an open layout, private deck, granite countertops, gas range, vaulted ceilings and a spacious walk-in master bedroom closet with a skylight. Enjoy the central green space, kid’s play area, garden beds and common house with a facility for shared community meals, meetings and parties.

  • Max Price: $162,271
  • 2 bedroom, 1 bathroom
  • Square Feet: 1,058
  • HOA: $227/month - 2 people, $249/month - 3 people, $284/month - 4 & 5 people (HOA evaluation check list) pdf
  • HOA Pet Policy: Pets allowed 
  • Tax: $915/year
  • Parking: Assigned space 
  • This home is Solutions Grant eligible (applicants need to qualify)

Note that some of the property images show HOA-owned common areas which are shared with the rest of the community.

Property Photos

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See full photo set in the Photo Gallery

 

Sales Timeline and Deadlines

Below is the timeline establish for the sale of this home. Showings preferred at open house. If a prospective buyer can not make it to an open house, please e-mail the listing agent to make other arrangements. Advance notice is required.

  • 7/24/2019 5:00 to 7:00 pm – Open House – An opportunity to see the home and learn about Nomad Cohousing.
  • 7/28/2019 12:00 noon to 2:00 pm – Open House – An opportunity to see the home and learn about Nomad Cohousing.
  • 7/26/2019 by 5:00 p.m. – Program application deadline. If you are not already program certified by the City program, a complete application is due by this date and time. If an application is incomplete or more information is required you will not be allowed to go for this home.
  • 8/4/2019 by 5:00 p.m. – Nomad questionnaire due. Please send these directly to Nomad Cohousing. Please reference link above.
  • Late August – buyer expected to be selected and home goes under contract.

Income and Asset Limits

Income

1 person 2 person 3 person 4 person
$47,760 $54,540 $61,380 $68,160

Assets

Asset Classification* 1 Person 2 Person 3 Person 4 Person
Standard $55,000 $70,000 $85,000 $100,000
Recently Divorced $85,000 $100,000 $115,000 $130,000
Retired $85,000 $100,000 $115,000 $130,000
Permanently Disabled $140,000 $155,000 $170,000 $185,000
Middle Income Not Eligible Not Eligible Not Eligible Not Eligible

* Your asset classification can be found on your preliminary certification letter. Please contact us for help determining how you have been classified.

Your down payment will be deducted from your total assets up to 20 percent of the home’s value ($32,454 – for this home). For example, if a two-person household with standard assets calculated by the program to be $80,000 puts $20,000 down they would be eligible ($80,000-$20,000=$60,000 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.

 

 

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