Bring your dream home with legal ADU to life on this extraordinary lot in the premier new neighborhood of Cannon Trail, nestled within the historic charm of Old Town Lafayette. Here, home means more than just a structure; it embodies thoughtful architecture and embraces artistic public spaces, seamlessly integrated into the lively urban fabric of Lafayette. The spacious lot at 231 S Foote Avenue offers a canvas for a generously sized residence and the seller, a talented architect, has designed several conceptual home plans for the lot that will be included in the sale. The home plans in this listing depict a main level primary suite layout. Photos shown are other new construction homes in the neighborhood for design inspiration. New regulations now permit the construction of both a main residence and a legal ADU on the property opening up endless possibilities: Rent out the ADU to help offset monthly expenses, create a welcoming space for a returning college kid, or offer comfortable quarters for a live-in nanny. Surrounding Crescent Park, the nine single-family homes create a welcoming enclave adorned with captivating rock sculptures, inviting picnic spots, intriguing art installations, and ample space for recreation. Front porch gatherings with friendly neighbors drift into leisurely strolls through Lafayette's enchanting old town district where you'll discover a treasure trove of diverse retail shops, captivating art galleries, theaters, and superb eateries and breweries. Lafayette's warmth, inclusivity, and fervor for artistic expression position it as one of Boulder County's most coveted communities. Top ranking Peak to Peak Charter School is a short walk away. Resources for financing and construction are available through the listing agent. Lot cost is $450,000: See MLS listing 1020622. Listed price is an estimate for the lot purchase plus the cost of construction. Actual cost for construction will depend on Buyers design and finish selections.
Utility FeaturesElectricity Available, Cable Available
SEWERCity Sewer
WATER SOURCECity Water, City of Lafayette
Year Built2025
BasementPartially Finished
FINISHED BASEMENT SIZE1448.0
NEW CONSTRUCTION1
ACCESSIBILITY FEATURES1
ARCHITECTURAL STYLEContemporary/Modern
RoofComposition
Parking FeaturesAlley Access, Oversized
FenceFenced
Lot FeaturesCurbs, Gutters, Sidewalks, Level, Abuts Park
Garage spaces2
CITYLafayette
SUBDIVISIONCannon Trail
COUNTYBoulder
AREALafayette
STATECO
SENIOR COMMUNITYNo
COMMUNITY FEATURESPark
HOA1
TAX AMOUNT8343.0
HOA FEE37.0
HOA FREQUENCYMonthly
LATEST UPDATE2024-10-29T21:28:43.748Z
DAYS ON MARKET4
PRICE CHANGE(S)
$1,750,000 Oct 26, 2024
CUMULATIVE DAYS ON MARKET97
Market Trends
New Properties On Market
56
56%
Increase In New Listings
Average Asking Price
$892,091
$199,709 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$330
$5 Increase In List Price/Sq. Ft.
Average Days On Market
16
31 Day
Decrease In Days On Market
Data as of Nov 15, 2024.
Remaining statistics above are calculated on activity within the period from Sep 01, 2024 to Oct 31, 2024.
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