Phase 5, consisting of the 18 lots pictured below, is the final phase of the 70-home River Run Colorado community.
We have already received reservation contracts on the nine Phase 5 homes to be built on Lots 53 to 61, and we are now accepting reservations on the final nine Phase 5 homes to be built on Lots 62 to 70.
The price of the seven homes to be built on standard-size lots 63-69 will be $165,000, and the price of the two homes to be built on the larger lots 62 and 70 will be $170,000. Homes may be reserved with a conditional purchase contract, first come, first served. We hope to be able to begin delivering Phase 5 homes in the spring of 2023.
Buyers requiring financing must first get pre-approval from a bank or other mortgage lender or broker. Buyers may use the bank or other lender of their choice or may choose to contact the following lenders familiar with the River Run Colorado 60-year land lease structure:
• Northpointe Bank: contact Ricki Gray at 970-236-8418
• Cardinal Financial: contact Roni Fraser at 970-624-6333
Note: River Run Colorado is unaffiliated with the above financing sources and cannot provide assurances regarding loan qualification or terms.
Upon receiving pre-approval from a lender, buyers will put up an initial earnest money deposit of $1,000 to secure their conditional contract. That deposit is fully refundable until buyer accepts the loan terms offered to it, at which point buyer must deposit an additional $2,000 earnest money to hold the home until completion and closing.
Cash buyers will secure their conditional contract with an earnest money deposit of $3,000.
For both cash and financed buyers, River Run Colorado is obligated to build the home in accordance with published plans and specifications. Buyers have rights of inspection during construction and before closing.