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2023-06-21 EDA Packet
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2023-06-21 EDA Packet
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6/19/2023 5:15:00 AM
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Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />3.5Actively Marketing For-Sale Condominium and Attached Townhome Developments in the PMA <br />Avail. Unit <br />Price per <br />Units <br />UnitsType <br />Size of UnitBase Price <br />PropertySquare Foot <br />Condominums <br />Three-story condominium building to <br />34202BR1,323-1,951$795,000-1,220,000$601-625 <br />Hill Farm <br />be built in two phases. First phase is <br />3BR2,724-3,841$2,000,000-2,375,000$618-734 <br />Condominiums of <br />34 units. Project is located on the 22- <br />North Oaks <br />acre site surrounded by 300 acres of <br />Hill Farms Condominiums LLC <br />conservancy land. High levels <br />North Oaks <br />included in base pricing. Community <br />amenities include direct connection <br />to the trail system, parks, tennis <br />courts, patio, fitness center, party <br />room, and underground heated <br />parking. Occupancy is planned for <br />August 2023. Association fee is <br />$522-1,169. <br /> <br />Attached Townhomes <br />Two-story townhomes in buildings <br />Watermark 17229Quad Units <br />with four to eight units. Units include <br />Lennar Homes 3BR1,792$339,990$190 <br />center island, pantry, great room, <br />Lino Lakes <br />patio, and main suite with walk-in <br />Side by Side <br />closet. Bedrooms on second floor <br />3BR1,804-1,906$360,790-382,690$200-212 <br />with first level main suite option. <br />Association fee is $221 (Insurance, <br />sanitation, and snow removal/lawn <br />care). <br />---Continued on Next Page--- <br />Source: Northstar MLS; interviews; LOCi Consulting LLC <br /> <br /> <br />Page | 41 <br /> <br />
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