Development Feature: Elmwood Horizon
Large lots, great views and a city location; Elmwood Horizon has the space you need
Although many new subdivisions feature postage-stamp lots, large lots are still appealing to homeowners who want to garden, who have pets and kids and who don’t want to see what their neighbors are eating for dinner. Those homeowners should take a drive out to Fruita to check out Elmwood Horizon, a small four-lot subdivision south of K 3/4 Road off Coulson Street.
Lot sizes are generous and straightforward at Elmwood Horizon; the half-acre lots are rectangular, which means buyers won’t need to rotate plans or build long and narrow to fit a home in the building envelope.
Each lot also has one share of pressurized irrigation, allowing homeowners to develop an oasis in the desert without needing to maintain a pump and an irrigation ditch.
“As far as I know, these are the only half-acre lots in the town of Fruita,” says Becky Quinn, broker associate with Keller Williams, the listing agent for the property.
The large lots and the elevated views give a country feel to the development, which is in the Fruita city limits and has city sewer, water, gas and electric. The new Family Health West Hospital is less than a mile away, as is the site where the new recreation center and library will be.
The Big Salt Wash trail runs less than a mile to the north and the Little Salt Wash trail runs less than a mile to the south, making this a great location for those who love to jog and bike.
“In Fruita, it’s possible to get the rural development loan,” adds Quinn, giving one more reason why the location could be a big draw for some. Rural Development loans, offered through the United States Department of Agriculture, have income limits, however, so not everyone is eligible for them.
Although builder spec loans are difficult to secure, most banks are still willing to lend for land purchases and construction loans, especially when buyers have a 20 percent down payment.
Covenants for the neighborhood include a minimum size of 1,800 square feet for single story homes and 2,200 square feet, with 1,600 square feet on the ground floor, for two-story homes. Homes must have a two-car garage. There are no specified exterior building materials required, but the architectural control committee must approve all choices. Likewise, the committee must approve all landscaping choices, as well, although there are no time frames for completion of landscaping. Right now, the developer is the architectural control committee, but that will eventually be turned over to the homeowners’ association.
“The owners will have a lot of say in what goes on in the neighborhood,” says Quinn, “since only four homeowners will make up the Homeowners’ Association.”
The first lot in the development is sold and Nate Porter with Porter Homes is building a custom home on it. When finished, the home will be close to 6,000 square feet, but that includes both a large basement and an upper bonus room.
The land in that area will accommodate traditional basements, and one lot in the subdivision may accommodate plans with a walkout basement.
Lot prices start at $125,000, but Quinn urges buyers to come with their dreams, their builders and their offers, as the developer will consider offers.
“It’s a great time to buy,” Quinn says. “The bargains are out there everywhere you look. Building costs are way down. Three years from now, people are going to look back and wish that had built during this time.”
Schools for the neighborhood include Shelledy Elementary, Fruita Middle School, Fruita 8/9 School and Fruita Monument High School.
For more information about the development, call Becky Quinn with Keller Williams at 244-9212.