2023 W-2s, 1099’s, and/or Profit & Loss Report (if self-employed) are due with all bids as of February 1, 2024. Complete Federal and State Income Tax Returns ARE ALSO NOW REQUIRED with all Bids as of April 15, 2024. Income Tax Extensions will not be accepted.
Burlingame Ranch III Condominiums
Unit Description
| Dates & Times
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- Unit Addresses: 113 Paepcke Drive Unit 201
- Sales Price: $402,000
- Income Limit: Category 4
- Size: 3BR / 1¾BA
- Pets: Indoor cats allowed.
- Square Feet: Approx 1,281
- Only Category 4 households may bid in this lottery.
| - OPEN HOUSE 4:00-5:30 PM, Wednesday, 4/3/2024
- Only BGIII owners may bid In-complex & In-complex Bid Period Ends: 4PM Wednesday, 4/10/2024
- Bid Period Ends: 4 PM Wednesday, 4/17/2024 or 4/10/2024 if new packet is required.
- Lottery: 12 PM Monday, 4/22/2024
- New bidders/households with expired packets must bring in their completed/updated packet by 4 pm on Wednesday 4/10/2024, must also complete a homebuyer education course and submit the certificate (unless already provided to APCHA).
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Open house is Wednesday, 4/3/2024 from 4:00-5:30PM. Open kitchen/dining/living room plan. Washer/dryer, energy efficient kitchen appliances, deck/patio, beautiful views. New modern all-electric residences served by City of Aspen Utilities 100% renewable energy portfolio. One assigned carport with storage space. Wonderful community with park and trails nearby. HOA Dues $576.45 per month; Master HOA is $56/month. Dues cover trash, sewer, snow removal, common area maintenance. At closing, Buyer will pay a working capital contribution of $576.45 and a capital reserves contribution of $1,152.90. Homeowners also pay City Electric and Water. Property taxes TBD. Only qualified Category 4 households may bid in this lottery. Top priority will go to households with at least one person working full-time in the City of Aspen Urban Growth Boundary. If this is an applicant’s first-time bidding on a BGIII unit, the bid must be accompanied by an employment verification and current paystub for every current employer. Self-employed applicants will need to provide a list of all current clients, addresses, and invoices that prove full-time employment. If applicants bid previously on BGIII, they will not be required to provide additional documentation except 2023 W2/1099/P&L information.
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