CENTRAL PARK CONDOMINIUMS - SOLD OUT

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WE ARE CURRENTLY SOLD OUT

 

 

 

This is a rare chance to own an income‑restricted home in one of Denver’s most vibrant neighborhoods. The community is ideally located just minutes from the Central Park Blvd & 54th Ave bus stop and sits adjacent to retail, services, and everyday conveniences.

Each residence features 9’ ceilings and large windows that fill the home with natural light, improve energy efficiency, and enhance overall comfort. All units include a private patio or balcony (first‑floor layouts may vary).

Residents also enjoy thoughtfully designed community amenities, including an indoor/outdoor club room, playground, and an urban orchard located on the northeast corner of the property—perfect for gathering, relaxing, and connecting. Benches and pedestrian‑scale lighting throughout the site create inviting outdoor spaces.

Home Features:

  • 2 bedrooms, 2 bathrooms
  • Approximately 800 sq. ft.
  • Two reserved parking spaces

Affordable Housing Program Requirements

This home is part of Denver’s Affordable Housing Program, which includes minimum and maximum income limits based on household size. As of June 1, 2024, the income guidelines are:

  • Household of 1: $45,650–$71,900
  • Household of 2: $52,200–$82,150
  • Household of 3: $58,700–$92,400
  • Household of 4: $65,200–$102,650
  • Owner‑occupants only. Investors are not permitted.Please note: The City of Denver counts all income entering the household, even if a lender does not. Buyers are encouraged to work with lenders experienced in the affordable program.

Pricing & Covenant Details

Most units in the building include a 20‑year affordability covenant and are priced at $225,000. Units with a 30‑year covenant are priced at $220,000 and are labeled as “STATE” units on the site plan.

How to View and Select Units

Site plans are organized by floor (1st, 2nd, and 3rd).

  • Click on a floor to view available units.
  • Units marked “not available” are already reserved.
  • Available units will display their floor plan when selected
    • Unit numbers include a letter—“L” for light flooring or “D” for dark flooring.

    Tours are still available for remaining units.

Reserving a Unit

Earnest money has been reduced to $1,000 and is required to reserve a home, along with:

  • A lender letter
  • A completed reservation form

Earnest money (personal check, cashier’s check, or money order) should be made payable to First American Title and delivered to: 55 Madison Street, Suite 155, Denver

HOA dues: Estimated at $200/month Property taxes: Not yet assessed; lenders will estimate for qualification.

Recommended Lenders (Affordable Program Experts)

While there are no preferred lenders, the following professionals are highly knowledgeable about Denver’s affordable housing requirements:

  • Evan Jansen – Summit Mortgage – ejansen@summit-mortgage.com – 303‑885‑9662
  • Lori Graham – Mortgage Navigators – lorig@easemortgage.com – 303‑249‑2728
  • Sandy Levy – Universal Lending – slevy@ulhomeloans.com – 303‑759‑7402
  • Craig Moore – Megastar Financial – cmoore@megastarfinancial.com – 303‑914‑1302
  • Claudia Gutierrez – Movement Mortgage – cgutierrez@nexamortgage.com – 720‑261‑5841 (Spanish‑speaking)

 

Next Steps After Reservation

Once a unit is reserved, reservations will be converted to contracts promptly. After signing, buyers must:

  • Apply for income verification through the Affordable Housing Program
  • Work with an assigned housing counselor
  • Prepare for closing approximately 30 days after contract

Timely submission of income documentation is essential to stay on track.

 

All information including but not limited to prices, income limits, layout, finishes, square footage, color selection, etc., subject to change as plans are still evolving.

TO LEARN MORE ABOUT THE AFFORDABLE PROGRAM, CLICK BELOW

 

Read More

 

Soledad Tobar
Denver Central
(303) 887-5120  |  (303) 320-5733  |  FA.040024078 CO   |  soledad.tobar@cbrealty.com