Homes Available
A TWENTY
2 BD, 2 BA - 1,252 SF
Homes Available: 112, 212
A TWENTY-SIX
2 BD + Den, 2 BA - 1,423 SF Homes Available: 207
A THIRTY-TWO
2 BD + Den, 2 BA - 1,460 SF Homes Available: 109, 309
A THIRTY-ONE
2 BD + Den, 2 BA - 1,526 SF Homes Available: 214
Prices starting at $233,969 and subject to change
• Open kitchen great for entertaining
• Quartz countertops
• Stainless steel appliances
• Screened-in maintenance-free deck o of the primary bedroom and living room
• Spacious walk-in closet
• Separate dining area
• Large laundry room
• 1 storage unit available in the heated garage
• Community amenities that are an extension of your residence
Residence 212
Residence Features:
•Open kitchen great for entertaining
•Quartz countertops
•Stainless steel appliances
•Screened-in maintenance-free deck overlooking the backyard
•Two spacious walk-in closets
•Separate dining area
•Large laundry room
•1 storage unit available in the heated garage
•Community amenities that are an extension of your residence
Residence Features:
• Open kitchen great for entertaining
• Quartz countertops
• Stainless steel appliances
• Screened-in maintenance-free deck
• Two spacious walk-in closets
• Separate dining area
• Large laundry room
• Lots of natural light
• Ample storage in residence
• 1 storage unit available in the heated garage
• Community amenities that are an extension of your residence
Residence 109 Walkout Buy-In Price: $429,884 Monthly Member Fee: $2,583
Residence 309 Buy-In Price: $432,585
Member Fee: $2,558
Residence Features:
• Corner unit with lots of windows
• Open kitchen great for entertaining
• Quartz countertops
• Stainless steel appliances
• Screened-in maintenance-free deck
• Two spacious walk-in closets
• Separate dining area
• Large laundry room
• Den/Sunroom
• 1 storage unit available in the heated garage
• Community amenities that are an extension of your residence
Ownership Overview Limited Equity Cooperatives
What Do I Need to Pay?
To secure ownership under the limited equity model, you will pay:
• Buy-In Share Payment: One-time payment that purchases a share in the cooperative. Share payments provide equity to secure the cooperative’s mortgage among shareholders.
Monthly Membership Fee: Recurring fee covering these types of costs:
Member’s contribution to principal, interest and mortgage insurance premium on the master 40-year fixed-rate, HUD-insured mortgage. Assessed real estate taxes for individual unit.
Required reserves to cover an operating reserve fund, as well as future replacements such as roof, carpeting, appliances, etc.
Contribution to community utilities; water, sewer, trash, recycling, natural gas, electricity, TV and internet.
Management and administration, including on-site staff, maintenance, groundskeeping, legal auditing, bookkeeping, property & liability insurance, and more.
The expenses typically not included within Artessa Mound Harbor's monthly fees are: telephone, individual electricity and gas, expanded television service and personal contents insurance (HO6 policy).
Below is an approximate depiction of the monthly membership fee, broken down by category.
Home Expense Comparison
MONTHLY EXPENSE
Electricity
Natural Gas
Trash & Recycling
Water & Sewer (Water Softener)
Cable TV & High-Speed Internet
Misc. Operating & Maintenance
(Ex: Window washing, HVAC filter replacement, seasonal irrigation)
Real Estate Taxes
Property & Liability Insurance
Personal Property Insurance (HO-6)
Lawn Care & Snow Removal
Home Security
Health/Fitness Club Membership
Association Dues/Expenses
*Replacement Reserves
**Mortgage, Rent,
Artessa Monthly Member Fee TOTAL
$40 (approx) $50 (approx)
$25 (approx)
Estimated Home Value
(Less) Share You Are Considering
Net Proceeds Remaining
Estimated Return on Net Proceeds
**Tax Benefits of Co-Op Deductions
*Determining the appropriate annual budget for replacement and upgrades of single-family residential homes is subjective and varies. However, professionals suggest an annual minimum amount of 2%-3% of the home value is not unreasonable.
**One’s proportionate share of the co-op monthly member fee, attributable to interest on the master mortgage and property taxes, are deductible benefits to cooperative owners. Please consult with your individual financial advisor.
Community starts now.
Discover all the community amenities Artessa Mound Harbor has to offer, allowing members that community connection and the ability to continue their hobbies and interests all under one roof.
Social - Entertainment suite with bar and pool table
Nook - Enjoy coffee while reading the daily news
Study - Lending library and meeting space
Fitness & Yoga Studio - state-of-the-art fitness equipment and yoga area
Depot - Large gathering and hosting space equipped with full kitchen & pantry
Guest Suite - King-size guest suite for visiting friends and family
Club - Secluded lounge to play cards, host book club and more!
Creative Studio - Project workspace
Harborview - Hang out space with TV, popcorn maker and arcade game
Fireside Lounge - Cozy space to read a book or watch TV
Terrace - 1,500 SF terrace with fire pit and grilling stations
Pickleball Courts - Two private courts exclusive to Artessa members
Making Your Move Easy.
“I
Perched off Mound’s
Minnetonka,
