D.R. Horton acquires 97 lots for $40,000 each

Arapahoe County

Property Location: Adjacent SEC S. Piccadilly Road & E. Quincy Ave., fronts westerly corner of E. Radcliff Pkwy. & Copperleaf Blvd., Centennial

Property Description: 97 vacant residential lots

Land Size: 97 lots totaling 645,486 sf, or 14.82 acres

Sales Price: $3.88M, or $6.01 per lot, or $40,000 per lot

Closing Date: 3/22

Reception No.: D8027921

Closing Date: 3/1

Grantor: South Quincy Residential Developers Inc., Richard Frank, et al.

Grantee: Melody Homes Inc., aka D.R. Horton Homes

Comments: Lots 1-4, Block 1, Lots 1-14, Block 2, Lots 1-21, Block 3, Lots 1-16, Block 4, Lots 1-12, Block 5, Lots 1-18 Block 6, Lots 1-12, Block 7, Tracts M2-1, M2-2, M2-3, M2-4 & M2-5, Copperleaf Filing No. 15 (new plat; see D8027529). These five tracts total 1.37 acres for open space and will be owned by the homeowners association.

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.