Arapahoe County
Property Location: Northeast corner South Shady Grove Way & East Arapahoe Road
Property Description: 218 vacant residential lots
Land Size: 37.82 acres
Sales Price: $9.28M, or $5.63 per sf, or $42,569 per lot
Reception No.: D6087859
Closing Date: 8/10
Grantor: Southshore Recovery Acquisitions LLC, Jonathan Shumaker
Grantee: William Lyon Homes Inc., Richard S. Robinson, SVP, Jeff McGovern, Colorado Division manager, 303-703-8606
Financing: $2.98M payable to grantor, due 8-9-17
Comments: Lots 1-39, Block 1; Lots 1-10, Block 2; Lots 1-21, Block 3; Lots 1-47 Block 4; Lots 1-7, Block 5; Lots 1-16, Block 6; Lots 1-48, Block 7; Lots 1-10, Block 8; Lots 1-20, Block 9; Southshore at Aurora Subdivision Filing No. 12. See file plats D6085783 & D6085784. The lots were sold as 218 lots without streets, parks or open space as that was dedicated to the city of Aurora prior to ratification of the plat. The seller acquired several hundred acres within the last six years and has gradually platted the land into finished paper-platted lots. There are 11 lots that are 5,460 sf, 10 lots that are 5,720 sf and 44 lots that range from 5,460 to 5,996 sf. (https://romantichoneymoonisland.com) There are 43 lots that range from 6,124 sf to 6,934 sf. There are 46 lots that range from 7,033 sf to 7,989 sf, including 10 lots that are 7,440 sf. There are 49 lots that range from 8,011 to 8,923 sf and 21 lots ranging from 9,008 sf to 9,850 sf. There are 12 lots ranging from 10,012 sf to 10,850 sf and three lots from 11,530 to 12,359 sf. The mean lot size is 7,557 sf, while the medium-size lot is 6,183 sf.
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.
