Just got this press release from Wells & Company. I love this part of town and I love the idea of smaller dwellings. I’m looking forward to checking these out:
Small is Beautiful – Latah Valley Cottages
Wells and Company is pleased to announce our next project and one perfectly timed for the
local and national outlook. We are completing construction and renovation of a cottage
development in Latah Valley, just a half-block from Latah Creek and minutes from downtown by
car, bus or bike. These units have “green” size and energy efficiency, and are priced for
affordability for a wide variety of buyers looking for smaller homes in a safe and convenient
location. The project features a common area lawn, which will be maintained by the
homeowners’ association, along with the snow removal.
This project began as a yet another Wells and Company remodel project of historic structures
with character, however, as early work began, we discovered that the original structures were
in need of more significant rebuilding than originally projected. As a result, these cottages were
reconstructed with new construction techniques which have resulted in 12 new cottage homes.
Prices start at $119,850, with 9 of the 12 units priced under $142,000.
These units were designed to be fully functional and efficient in small spaces. All of them meet
the Northwest Energy Code and feature energy efficient windows, insulation and siding. Each
unit includes granite kitchen countertops, custom-grade ceramic tile on the kitchen and
bathroom floors, a built-in full-size washer and dryer and off-street parking
Financing for this type of home is available even in this market and with low interest rates
payments can be under $600 per month. For first time home buyers, or if you have not owned
a home in the last three years, you may also qualify for a $7,500 federal tax credit.
This project will be open for public for tours on Sunday, March 8 and Sunday, March 22, 1:00
p.m. to 3:00 p.m.
