After an extensive remodel of their building exterior and many of the exterior common spaces, the Lulu City ownership group demonstrated to the marketplace that they are serious about protecting their values and creating the best Lulu City possible. The Board that manages the homeowner’s association has been very “hands on” and involved, a critical component in protecting property values and quality of life in a shared-interest-community. It is not hard to spot those projects that have an ineffective and/or non-involved Board - deferred maintenance goes unaddressed, projects that keep the utility and attractiveness of the project up to date never seem to get done, lack of care for the common areas pervades. None of these issues are the case at Lulu City, a project that offers larger-than-average living spaces, a pool and hot tub, and a great location very close to the ski slopes and the grocery store.
A total of five units at Lulu City have changed hands since the start of the year. The most recent, Unit 5G a 2-bed/2-bath measuring 971 sq ft, closed early last month for $625,000. The building continues to see investments being made by owners in the form of kitchen and bath updates and in full blown remodels. A lot to be encouraged about when you also consider how well the property is looking in general.
There are currently three Lulu City units active on the MLS – all in the #5 building and ranging in asking price from $589,000 up to$885,000. No units pending at the moment.