Stapleton Affordable Town Home: A very rare opportunity. 10512 E 29th Drive
With only 10 total ever built by New Town Builders, the Elm floorplan is the most unique and rarest floorplan in Stapleton. It is a 1 bedroom loft floor plan that makes is a great price for a Stapleton Affordable Town home. It is the only 1 bedroom with a garage which is attached. It lives wide open with 25 foot ceilings in the living room and tons of South and East sun on the balcony that faces a courtyard. Priced at $110,000, 10512 E 29th Drive is a very good deal. It needs a bit of cleanup and refreshing but is just a bit of new paint and carpet away from being a brand new place for some very lucky buyer.
The 29th Drive Row Homes are situated in a great location in Stapleton. It is a 3 minute drive an 8 minute bike ride or a 25 minute walk to the Anschutz Medical Center at Fitzsimmons. If you are a student at the CU Med Center this place is for you. It is also at the center of a lot of Stapleton's progress that will take place over the next couple of years. With 300 new homes planned in the next couple of years, a town center soon to follow across the street and street grid connections that will make commuting super easy. It also is 3 blocks to the new Stapleton Rec center, 1 block from a pool and adjacent to great wildlife at Bluff Lake Wildlife Preserve.
This Stapleton Affordable town home is also part of the Denver Affordable housing program. This program is designed to provide below market value homes for buyers that make less than 80% of the area median income. The current levels of income are based on household size and are as follows.
Income Guidelines for the City of Denver affordable program
Household size Maximum income
1 $43,800
2 $50,500
3 $56,300
4 $62,550
The Stapleton Affordable housing program is designed for owner occupants and when you go to sell you will pass the same savings on to the next buyer with the same income restrictions. The way this works is a 3.5% appreciation cap per year. Think of it as paying it forward.
Please call Damon Knop for more details about Stapleton and the affordable program as he has sold almost all of the 200 affordable homes in Stapleton. Also feel free to go to the Yes You Can Affordable Connection Team website for more in depth information and other affordable listings.
