Property Location: SWC E. Smoky Hill Pkwy. & Powhaton Road
Property Description: Vacant, “unentitled” land; plan for 99 single-family detached homes
Land Size: 33.14 acres
Sales Price: $1.85M, or $1.28 psf, or $18,687 per buildable lot
Closing Date: 3/1
Reception No.: D8020958
Grantor: Lutheran Church Extension Fund-Missouri Synod
Grantee: Richmond American Homes of Colorado Inc.
Comments: Legal is a metes-and-bounds land site. Site plan into the city of Aurora with 99 lots proposed in Serenity Ridge filing. The 33.14 acres includes 11.29 acres of private open space and 1 acre for detention pond, leaving 20.85 acres for 99 lots and streets.
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.