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1 Bed, 1 Bath - $140,384 - Closed August 2020

1 Bed, 1 Bath - $140,384 - Closed August 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

One bed and one bath condo located in the heart of Boulder. It's right down the hill from CU's campus (5 min walk), multiple access points to the Boulder creek path on our street, and it's a 15 minute walk to downtown pearl. We recently installed gorgeous hardwood floors throughout, replaced the hot water tank, installed a new toilet, and upgraded to a new kitchen faucet. The living area is large enough to accommodate both living and dining, it opens up to the balcony, which gets plenty of sun and shade with a wooden pergola. Master bedroom has plenty of space for furniture, with a large clothes closet and a washer/dryer closet. Bonus vanity sink in the hallway right next to the bathroom. Great place in an even better location.

  • Max Price: $140,384
  • 1 bedrooms, 1 bathrooms
  • Square Feet: 732
  • HOA: $250/month. Last HOA increase was $21 on 4/1/2019.     (HOA evaluation check list) pdf
  • HOA Pet Policy: Pet friendly
  • Tax: $801.58 year
  • Parking: One assigned parking space 
  • Exclusions: Refrigerator
  • This home is Solution Grant eligible (applicants need to qualify)

 Due to COVID-19, viewing the property is currently not a requirement to enter the selection.

Property Photos

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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 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 ($28,076 – for this home). For example, if a two-person household with standard 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
1 Work in Boulder Year+ and Certified Year+
6 Work in Boulder year+
0 Work in Boulder less than year and Certified Year+
0 Work in Boulder less than year
1 Certified Year+
2 All other

Tier of applicant that went under contract:

Work in Boulder year+ (number 3 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