Pontedera Condominium (website) will be hosting a Summer Buyers Preview Event on Wednesday, July 22nd, to showcase the project and neighborhood and provide information on financing options.
Date: Wednesday, July 22nd
Time: 4:30 PM to 8:30 PM
Location: Hiawatha Lofts Community Room, 843 Hiawatha Place South
Pontedera is an affordable condominium project developed by HomeSight, a non-profit housing developer and mortgage broker. Currently, Pontedera is approximately 70% completed with occupancy slated for 2010.
The homes are priced to appeal to first-time homebuyers, many of whom earn less than 80% of the area’s median income. For those earning less than 80% of the median income, HomeSight can provide up to $70,000 in assistance that is repaid when the buyer sells or refinances. For buyers earning up to 120% of median income, HomeSight can provide a second mortgage to eliminate the need for mortgage insurance. Finally, Pontedera is the only condominium development to offer the city’s 12-year property tax exemption; available to buyers of one-bedroom units earning up to 100% of median income or up to 120% for two- and three-bedroom units.
The development is conveniently located close to dowtown at South Dearborn and Hiawatha Place South and offers one-, two- and three-bedroom homes plus live/work units.
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Layout Type
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Size
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Starting Price
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One-bedroom
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565 to 780 sq ft
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$219,000
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Two-bedrooms
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780 to 1,170 sq ft
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$285,000
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Three-bedrooms
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1,200 sq ft
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$380,000
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Live/Work Loft
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TBD
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$289,000
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Homes feature hardwood, woven bamboo and Green Label carpet flooring, a central hot-water system, stainless steel appliances and maple wood cabinetry. Select units also include gas fireplaces, Soapstone kitchen countertops, private decks and A/C ready sleeves. Common areas include a common garage with bike storage, a landscaped terrace and a community room.
Presently, the sales office is open on Saturday and Sundays from 1:00 to 4:00 PM at 827 Hiawatha Place South.
Renderings courtesy of Wolf Design
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