Learn About Artessa Cooperatives
What is a cooperative?
A cooperative is a form of owner-occupied housing
Unlike a condominium, a cooperative has 1 master mortgage - each owner is a shareholder to that master mortgage through cooperative corporation
Each share has a value equal to both the private residence (unit) the shareholder has exclusive rights to + equal share of all common areas + equal share of the property
Cooperatives, by design, are a community of like-minded people who share common interests; not a group of owners who happen to live in the same building and are solely focused on what’s behind the door to their Unit 101
A shareholder/member (could be a couple) must have at least one individual that is 62 or better
A limited equity cooperative – ease of entry + ease of exit (financially)
Replacement Reserves for individual residences & common area amenity refreshes
Principally, buyers looking at any specific cooperative location are buyers at heart any only looking at options to buy not rent
The price point of this housing choice appeals to a buyer that is selling a home in a community in which they intend to stay
Strategically located in walkable neighborhoods where goods and services are within a 5-minute walk or 2-minute drive
Location is Everything
MAPLE GROVE PARKWAY
Come live with us!
2 BD & 2 BA Residences
Approx. 1,507-1,825 SF.
X 13'-8"
SCREENED DECK
X 7'-5"
12'-8" X 13'-5"
8'-8" X 3'-10"
X 12'-11"
X 13'-8"
SCREENED DECK
X
X 13'-5"
X 3'-10"
X 12'-11"
LAUNDRY
X 13'-5"
X 13'-0"
X 13'-8"
X 3'-10"
X 12'-11"
X 8'-9"
X 7'-7"
X 13'-10"
X 6'-9"
Cost of Ownership
