Lennar acquires 327 lots in Thornton for $9.1 million

1909
1909
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Adams County

Address or Location: NWC E. 144th Ave. and Holly St., Thornton

Land Size: 327 vacant platted lots (60.16 acres of lots plus 24.67 tract acres)

Date of Recording: 7/21

Reception No.: 63020 2017

Price: $9.16M, or $3.48 psf – lot area – or $27,849 per lot

Grantor: VTL Willow Bend LLC (True Life Companies, Scott D. Clark, CEO) & Katie Cooley, 303-810-2704

Grantee: Lennar Colorado

Financing: cash

Comments: Willow Bend Subdivision; see file plat recorded 2017-37060. Phase I off-site improvements include: grading & erosion control: $143,090; street improvements: $1.38M; water system: $281,218; sanitary sewer system: $378,984; storm sewer system: $1.22M; total $3.4M. Phase I on-site cost: grading & erosion control: $315,799; street improvements: $1.85M; water system: $1.06M; sanitary sewer system: $1.08M; storm sewer system: $574,218. Total on-site cost: $4.87M. The total Phase I off-site and on-site cost is $8.27M. Phase II on-site cost is $3.33M, and Phase II off-site cost is $1.89M. There are 24.67 acres in 22 tracts for parks, drainage, sidewalks, etc. The lots average 8,014 square feet with a total of 60.16 acres. The total cost for Phases I and II on and off site are: $13.49M, or $41,255 per lot.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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