First 25 lots in Siglin Estates PUD hit market in Woodward
The first 25 lots in Siglin Estates’ planned unit development in Woodward are now on the market for $ 43,000 to $ 80,000, and the intersection of W. Fifth Street, Elm Street and Dog Leg Drive is now paved.
The first 25 lots in Siglin Estates’ new Planned Unit Development (PUD) on the west side of Woodward have been launched. Prices range from $ 43,000 to $ 80,000.
Wayde Burkhart, Associate Real Estate Agent at Remax Precision, represented both the buyer and seller of the 18 acre property on the southeast corner of W. Fifth Street and S Avenue, which was purchased in 2020 by Keystone Equity Group LLC of West Des Moines .
The 25 lots of the Phase 1 project are east of the unnamed tributary of Little Beaver Creek, which bisects the land from north to south, and encompass the Woodward Little League fields that will soon be home to single-family homes. Phase two will fill an additional 49 lots on the west side of the creek east of S Avenue.
“Woodward has a need for more single-family homes as well as retirement homes and additional rental properties,” said Burkhart. “Our current housing market is limited due to the unavailability of new houses. We have a lot of seniors living in big houses because there are limited options for senior housing. “
Burkhart pointed to the success of ironwood development as a prime example of the need for new homes in Woodward. The Ironwood lots were all sold within 30 days of the approval of the Ironwood Avenue building plan in 2017. The six lots in the Ironwood development increased the city’s property tax base by 10%, Burkhart said.
Woodward City Council last summer approved the reallocation of land from agricultural to residential and revision of the city’s urban renewal plan and tax increment financing (TIF) district to accommodate the Keystone Equity Group’s new project and TIF to pay the cost of $ 1 million to use The two lift stations were needed to connect the PUD’s sewer system to the Ironwood Avenue sewer.
Contractors on Siglin Estates PUD include Sandstone Management from Carlisle, Sande Construction from Humboldt, and Le Febre from Elk River, Minnesota.
The evaluation of the phase 1 lots began last autumn. Underground utilities and pavement were completed in April. Keystone Equity Group’s JD Albright told the city council on Monday that his company was ready to begin marketing the development and would soon begin building five homes. Interested buyers can contact Albright at 515-897-9062 or email [email protected]
The City of Woodward has estimated that Siglin Estates’ fully developed PUD will add approximately $ 15 million to the city’s tax base.