Melody Homes finds gold in Bennett with 175 platted lots

Adams County

Property Location: Southeast corner Penrith Road & U.S. Highway 36, Bennett

Property Description: Vacant land

Land Size: 24.3317 acres in 175 paper-platted lots

Sales Price: $3.24M, or $3.05 psf/$18,500 per lot

Reception No.: 2018000064296

Closing Date: 8/16

Grantor: Penrith Park Joint Venture LLC (Jim Marshall, mgr.)

Grantee: Melody Homes Inc.

Financing: Cash

Comments: Lots 1-4 Block 1, Lots 1-52 Block 2, Lots 1-7 Block 3, Lots 1-28, Block 4, Lots 1-28, Block 5, Lots 1-8, Block 6, Lots 1-8, Block 7, Lots 1-20, Block 8, Lots 1-20, Block 9; Penrith Park Amendment # 2, town of Bennett. Melody Homes will need to install utilities to the 175 lots plus water and sewer taps. Developer is required to pay to the Bennett-Watkins Fire Protection District No. 7 a fee of $1,000 per residential unit. The seller issued to Penrith Park Metro District a quitclaim deed for Lots C through K, totaling 5.87 acres. The property was originally annexed to city of Bennett in February 2001 and was subsequently restated in August 2018. The total platted area of this Penrith Park Amendment No. 2 contains 40.52 acres.

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.