Re: cohousing in the news: Arbco
From: Elizabeth Magill (pastorlizverizon.net)
Date: Wed, 3 Dec 2008 05:55:22 -0800 (PST)
Do tell about this!
We'd be happy to share information about the land contracts we
wrote with our 8 member households who still who have homes to sell.


-Liz
(The Rev.) Elizabeth M. Magill
Mosaic Commons
www.mosaic-commons.org
Join us! A few homes left in Berlin, MA.
508-450-0431



On Dec 2, 2008, at 9:37 PM, Ann Maria Bell wrote:


Arboretum Cohousing in Madison WI is featured in an article in The
Capital Times, online today and available in print tomorrow. Mike
Ivey, the reporter, did a good job of depicting our community, with a
focus on conditions in the local real estate market. Mike has covered
Arbco from the beginning, providing terrific publicity and recruiting
at least one member for us.
----------------
Despite slumping real estate market, Madison's newest cohousing
project nearly full
Mike Ivey

http://www.madison.com/tct/news/stories/316712

"Amid the toughest real estate market in a generation, a group of self-
described amateurs has pulled off something of a miracle: selling all
but three units in the 40-unit Arboretum Cohousing project.

Long popular in Scandinavia but relatively new in this country, co-
housing aims to create a community where residents share some
facilities, make joint decisions with their neighbors and work
together to live in a more sustainable manner."
----------------

Word of mouth has been our number one recruiting tool by far. Ads in a
local weekly, The Isthmus, have also brought in many people to our
information sessions. We've met a few people with tables or leaflets
at events like the Midwest Renewable Energy Fair.

We had folks living on site starting in May, and our two large, multi-
family buildings came online in Sept. and Oct. As the article
mentions, our biggest challenge was not finding buyers for Arbco
homes, but finding buyers for the homes that our members are trying to
sell. We'd be happy to share information about the land contracts we
wrote with our 8 member households who still who have homes to sell.

We currently have 3 (out of 40) homes for sale. One is an affordably-
priced unit being offered through Madison Inclusionary Zoning program.
We expect to sell that one before January.

One of our nicest and largest new homes, a 3-bedroom, 2-bath, 1553 sf,
split-level with a balcony, 9 ft ceilings, radiant in-floor heat,
storage space, underground parking, and lots of light, is still for
sale. It's also our most expensive home at $349,500.

We also have an existing single-family home for sale, a bungalow with
2 bedrooms, 1 bath, full basement, porch, and beautiful woodwork.1200
sf, $223,274

Arbco has decided to rent the 2-bedroom bungalow on a month-by-month
lease while we try continue to market it. Also, some owners are
interested in renting their gorgeous, new 2 bedroom, 2 bath condo
immediately, through the end of the school year. Renters have full use
of our common spaces and are active participants in our community.
Like I said, word of mouth (& its close relative, word of email) has
been our best marketing tool. Let us know if you're interested or pass
this email on to a friend! You can reach us at info [at] arboretumcohousing.org
  or 608.229.7906.

Thanks,
Ann Bell

PS Check out our photo albums if you want to get a feel for our
community. The post-Thanksgiving hooping session was a lot of fun! http://picasaweb.google.com/arbcophoto





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