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!
1 BD & 1.5BA + Den
Residences
Approx. 1,025-1,118 SF.
SCREENED DECK
Cost of Ownership
1 BD & 2BA + Den
Residences
Approx. 1,584 SF.
SCREENED DECK
7 5" -X12'-4"
-5" Xll'-8" - CLOSET
Cost of Ownership
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
Cost of Ownership
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"
2 BD & 2 BA + Den Residences
Approx. 1,568-1,759 SF.
Cost of Ownership
Cost of Ownership
Cost of Ownership
X 11'-4"
FIREPLACEUPGRADE
X 10'-10"
X 8'-8"
X 6'-1"
X 12'-8"
Cost of Ownership
X 11'-4"
FIREPLACEUPGRADE
X 10'-10"
X 8'-8"
X 6'-1"
X 12'-8"
X 8'-8"
Cost of Ownership
X 11'-10"
Cost of Ownership
Villa Residence Plan
Enjoy all the benefits of cooperative living with the privacy of your own residence and driveway.
Cost of Ownership
Talk to your sales manager to find out when and how the different options identified above are payable
- Cost of ownership is a combination of a share payment plus the correlating the monthly member fee
- Share payments will be adjusted to include owner’s optional finish upgrade cost - Prices subject to change without notice - These share payments are adjusted for owners to realize pre-construction price with post construction equity upon resale
Cost of Ownership
Talk to your sales manager to find out when and how the different options identified above are payable
- Cost of ownership is a combination of a share payment plus the correlating the monthly
fee - Share payments will be adjusted to include owner’s optional finish upgrade cost - Prices subject to change without notice - These share payments are adjusted for owners to realize pre-construction price with post
Cost of Ownership
