If you want the chance to buy a brand new affordable condo practically on top of Denver Union Station next year, now’s a good time to say so.
An interest list for the 33 affordable units at The Coloradan, expected to sell for less than $300,000, is opening now. To qualify, your household needs to make less than 95 percent of the area median income — so less than $55,860 for one person or less than $63,840 for two people.
But the building won’t open until late 2018 and developer East West Partners isn’t saying how big those affordable units actually are until the condos are released for purchase in 2018.
So if you’re still interested, you better be flexible in your plans for one of life’s biggest purchases, and call the development to join the list. Units in the building range from 486 square feet to 3,225 square feet.
Meanwhile, plenty of other people are interested in the Coloradan’s market-rate units. East West Partners reports that 158 of the building’s 334 condos have sold in the first three weeks of sales. So far, the average sale price is $635,000.
If you want one of the remaining 143 units and want to pay less than that $635,000 average, it’s possible. The remaining units are priced from $495,000 to $3.35 million, according to East-West Partners.
“Whoa whoa whoa,” you say, “All this talk of buying a $500,000 condo or joining an interest list for a building I haven’t actually seen is all moving a little fast for my tastes.”
Well, there is also an open house this weekend if you’re interested in merely learning more about the development. Visit the building’s website or give them a call for details about that.
Editor’s note: An earlier version of this piece misspelled the name of the building. The error has been corrected.