Cohousing-L Mailing List: Re: cohousing in the news: Arbco

[Elizabeth Magill (pastorliz]

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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