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HomeMy WebLinkAboutInfo Packet Avian Glen Associates July 8, 1992 Dear Potential Builder: We ' re writing to bring to your attention the opening of brand new custom home community in Carmel to be called Avian Glen and to invite you to participate in the new community as a build- er. Avian Glen is being developed by a partnership called Avian Glen Associates , which is managed by Davis Development , Inc . Since 1986, Davis Development, Inc. has overseen the development of approximately 1, 800 lots in fourteen communities in the Indi- anapolis metropolitan area. Avian Glen will be the company ' s first community in Carmel with lots designed for sale exclusively to Carmel custom builders. Avian Glen is located within the Carmel city limits near the new Cherry Tree Elementary School on the west side of Cherry Tree Avenue, north of 131st Street and south of 146th Street . When fully developed, Avian Glen will have internal street connections to the existing Valleybrook community to the west and Woodfield to the north. The Avian Glen site is also near the popular retail center at the corner of 126th Street and Gray Road and Village Park Plaza on North Meridian Street . The Carmel Dad ' s Club and Carmel Middle School are located approximately one mile south of the Avian Glen site near the intersection of 131st Street and Cherry Tree Avenue. Avian Glen will contain a total of approximately 200 home sites and will be developed in four separate phases . A substan- tial portion of the site is very heavily wooded. In addition, two lakes will be constructed during the initial phase of develop- ment. Some of the lots in the community will actually back up to the tree line surrounding the Cherry Tree Elementary School, and internal sidewalks and pedestrian walkways will be designed to allow children to walk directly to school without having to leave the subdivision. In the second phase of development, an amenity area consisting of a community swimming pool and clubhouse will be built and made available exclusively to Avian Glen residents . 8250 Haverstick Road,Suite 290, Indianapolis,Indiana 46240 317-259.6213 FAX 317.259.6215 -2- The prices of lots in the first phase will start at $36, 000 and go up as high as $47 ,500 for densely wooded cul-de-sac lots. Of the 58 lots contained in the first phase, approximately 15% are heavily wooded, 35% are lake lots and 10% are located on cul- de-sacs . The typical lot dimensions will be 120 ' wide by 150 ' deep. Of course, all lots will be served by public utilities , including Carmel sewer and water. Based on the market studies and appraisals prepared for the new project and discussions with brokers knowledgeable of the Carmel market, we believe that Avian Glen will be very successful if homes in the community can be priced to fit within the $190, 000 to $250, 000 range. Avian Glen will not be set up as a "closed" builder communi- ty. However, we do not intend to sell any lots directly to indi- vidual homebuyers. Instead, homebuyers will be required first to select a participating builder and then purchase their desired lot through that builder. Builders interested in participating in Avian Glen will be asked to make a $10, 000 advance cash deposit to the development partnership. One-half of this deposit will be credited against the second lot purchased by the builder and the remaining one-half will be credited against the third lot pur- chased. Participating builders will be able to reserve lots by phone for 30 days, and will be allowed to have up to three lots on reserve at any one time. No additional deposit or other com- mitment will be required to reserve a lot. If a builder calls to reserve a lot which another builder has already put a hold on, our community coordinator will take second (or even third) reser- vations which would become effective if the builder with the prior reservation elects not to purchase. After the 30-day reservation period, builders will be asked either to release their reservation or enter into a binding pur- chase agreement for the lot and proceed to a closing within 45 days after the agreement is signed. For lot purchase agreements entered into after the initial $10 , 000 deposit has been fully credited ( i.e. , after the third lot purchased by the builder) , the normal deposit equal to 10% of the purchase price would be put down at time of signing and would be credited against the purchase price 45 days later at closing . During a builder ' s association with the community, it would be asked at all times to have at least one home actively under construction or at least one finished spec home available for sale. The plat covenants and restrictions for Avian Glen will provide for the normal system for prior architectural review and approval of builder house plans . In this regard, we will be establishing a procedural system which allows these reviews and approvals to be done in the quickest and most efficient manner -3- possible in order to avoid delays and minimize any other incon- venience to the builders . During the development and building period, all of the trash pick-up, street cleaning and other main- tenance on lakes, entrances and other common areas at Avian Glen will be performed by crews of trained maintenance personnel who work directly for the developer. With a view to making it as easy as possible for homebuyers and builders to obtain financing for the homes in Avian Glen, we have arranged for First Centennial Financial Corporation to offer its new "All-in-One" construction financing package on an exclu- sive basis to Avian Glen buyers . Under this program, a contract buyer completes the mortgage application process and closes on the loan before construction of the home begins. As soon as the loan closes, it is available to fund construction costs, includ- ing the cost of the lot. First Centennial will offer this package to Avian Glen buyers for only one-half of the normal 1% origina- tion fee. The key advantages to the builder are that (i) the loan is actually in the name of the buyer and the buyer pays all financing costs, ( ii) the builder draws on the loan to finance the purchase of the lot and the construction of the home without having to use his regular line of credit and (iii) there is only one loan closing and it takes place before construction begins so that the buyer cannot cancel or back out of its contract with the builder during the construction period. The "All-in-One" package also has obvious advantages to buyers and to any brokers involved in a sale ( since they are able to receive their full commission prior to commencement of construction) . Additional information on this program is contained in the enclosed Avian Glen community folder. To inquire further about the First Centennial "All-in- One" program, builders may contact Doug Stein at First Centenni- al ' s office at 578-0390 . Construction is well underway at Avian Glen, and so far work is proceeding ahead of schedule. As part of the development work, the section of Cherry Tree Avenue from the Avian Glen entrance down to 131st Street will be repaired and completely resurfaced. We expect to have finished lots available for home construction in late August or early September. Local advertising for the new community will begin in the second week of July. As stated above, no lot sales will be made directly to individuals. This means that our office will essentially act only as a community information source and builder referral service to prospective homebuyers who call to inquire about Avian Glen. We would very much like to include you as an Avian Glen participat- ing builder . The name of each participating builder will be included in the builder list contained in the Community Informa- tion Packages mailed out to brokers and interested homebuyers. -4- . Based on all of the market research we ' ve done and the strong expressions of interest we 've received to date, we believe that Avian Glen will be a success. The $190, 000 to $250, 000 price range continues to be very strong in the Carmel market and the Avian Glen lot prices are designed to allow builders to offer homes in that range. We are in a position to begin accepting deposits from inter- ested builders as early as next week. Once the initial deposit is made, a builder may immediately begin reserving individual lots to take them off the market until the grand opening date for the community scheduled for late August or early September. We will try to contact you within the next week to determine whether you might have an interest in building at Avian Glen. Meantime, if you have any questions about the enclosed materials or if there is any additional information we can provide, please don't hesi- tate to contact me directly at 259-6214 . Thanks very much for your consideration of this new project . I look forward to the opportunity to work together. Very truly yours, C. Richard Davis Avian Glen Associates AVIAN GLEN PHASE I LOT PRICE LIST LOT # SIZE PRICE LOT # SIZE PRICE 29 . 51 AC. $47 , 000 58 .41 AC. $38, 500 30 . 44 AC. $47 , 000 59 . 39 AC. $38, 500 31 .49 AC. $47 , 000 60 . 39 AC. $38, 500 32 .42 AC. $47 , 000 61 . 38 AC. $37 ,500 33 .40 AC. $43,500 62 .48 AC. $43 ,500 34 . 38 AC. $42 , 000 63 . 39 AC. $43,500 35 .44 AC. $44 , 000 64 .40 AC. $43,500 36 . 42 AC. $44 , 000 65 .41 AC. $40, 000 37 . 40 AC. $43, 500 66 .46 AC. $43,500 38 . 52 AC. $40,500 67 .41 AC. $42 , 500 39 .43 AC. $36, 000 68 . 36 AC. $42 ,500 40 . 38 AC. $37 , 500 69 .43 AC. $44 , 000 41 . 38 AC. $36 , 000 70 .43 AC. $44 , 000 42 . 38 AC. $36, 000 71 . 43 AC. $44 , 000 43 . 38 AC. $36 , 000 72 . 44 AC. $44 , 500 44 . 40 AC. $36, 000 73 .42 AC. $44 , 500 45 .48 AC. $47 , 000 74 .56 AC. $39,500 46 . 41 AC. $47 , 500 75 .44 AC. $36, 000 47 . 64 AC. $47 , 500 76 .40 AC. $36, 000 48 . 60 AC. $47 ,500 77 .43 AC. $36 , 000 49 .41 AC. $45, 000 78 .40 AC. $36 , 000 50 .43 AC. $38 , 000 79 .49 AC. $36, 000 51 . 65 AC. $40, 000 80 . 42 AC. $43,500 52 . 46 AC. $38, 000 81 . 41 AC. $43, 500 53 . 61 AC. $39,500 82 .45 AC. $40, 500 54 .48 AC. $39, 000 83 .46 AC. $44 , 000 55 .52 AC. $39, 000 84 . 39 AC. $43, 500 56 .52 AC. $40, 500 85 .41 AC. $43,500 57 .50 AC. $38, 000 86 . 40 AC. $43, 500 Lot prices are subject to change without notice. July, 1992 8250 Havers tick Road,Suite 290, Indianapolis, Indiana 46240 317-259.6213 FAX:317•259.6215 ij FIRST CENTENNIAL FINANCIAL CORPORATION FIRST CENTENNIAL FINANCIAL CORPORATION PRESENTS ITS NEW "ALL-IN-ONE" CONSTRUCTION FINANCE PACKAGE AVAILABLE IN CARMEL EXCLUSIVELY AT AVIAN GLEN THE ADVANTAGES OF THIS SPECIAL FINANCING PACKAGE FOR BUILDERS: * ONE-TIME CLOSING PRIOR TO COMMENCEMENT OF HOME CONSTRUC- TION * LOT COST INCLUDED IN FINANCED AMOUNT * LOWER COST (FINANCING COSTS ARE BUYER' S RESPONSIBILITY) * BUILDER DOES NOT HAVE TO USE ITS REGULAR CONSTRUCTION LINES OR FUNDS * BUYERS CAN'T BACK OUT ONCE THE LOAN IS CLOSED ADVANTAGES TO THE REALTOR: * REALTOR COMMISSIONS ARE PAID UP FRONT, NOT AT THE END OF THE CONSTRUCTION PERIOD * REALTOR CAN OFFER A SIMPLE, ONE-TIME CLOSING PROGRAM TO ITS CLIENTS ADVANTAGES TO THE BUYER: * SAVINGS OF 1/2 OF THE CUSTOMARY 1% ORIGINATION FEE * INTEREST RATE LOCKED IN DURING THE CONSTRUCTION PERIOD * SIMPLE ONE-TIME CLOSING * COMPETITIVE PRODUCTS AND PRICING * ELIMINATES RISK OF NON-APPROVAL AFTER CONSTRUCTION BEGINS 3755 East 82nd Street Suite 101 Indianapolis,IN 46240 Office:(317)578-0390 • FAX:(317)578-0394 3504LakeLyndaDriveSuite180 For details on this special Avian Glen Orlando,FL32817 package, please contact Harry Miller or Once:(800)369-3051 • FAX:(407)273.5564 Doug Stein at 578-0390 . Avian Glen Associates AVIAN GLEN COMMUNITY INFORMATION SHEET * Carmel ' s newest and most well-done custom home commu- nity, featuring Carmel ' s most successful custom builders * Price range from $190, 000 to $250, 000 * 200 individual home sites (58 in Phase 1 ) * Large number of densely wooded, cul-de-sac and lake lots available * Carmel schools (Avian Glen actually surrounds Car- mel ' s new Cherry Tree Elementary School) * All public utilities (Carmel sewer and water) * Community swimming pool and clubhouse facility exclusively for use by Avian Glen residents * Quick and easy access to shopping at the 126th and Gray Road center and at the new Village Park Mall at 146th and Meridian Street * Strict architectural standards and controls ensure compatible designs, high quality and resale value * Professionally managed homeowners association will perform interior community maintenance and upkeep * Direct access to Cherry Tree Avenue and access to Gray Road through the adjoining Valleybrook and Woodfield communities. 8250 Haverstick Road, Suite 290, Indianapolis, Indiana 46240 317.259.6213 FAX:317•259.6215 r l * Elegant wooded boulevard entrance on Cherry Tree Avenue * Complete interior sidewalk system with pedestrian access to Cherry Tree Elementary School * One mile north of Carmel Dad' s Club and Carmel Middle School * Substantial landscape preservation areas within the community * Carmel fire and police protection Avian Glen is truly a special, prestigious and charming new community offering unbeatable value for the dollar. To obtain more information about Avian Glen, including a list of partici- pating builders and information about First Centennial Financial Corporation' s special "All-in-One" financing package available in Carmel exclusively at Avian Glen, please contact the Avian Glen Associates Director of Sales and Community Coordinator at 259- 6213 . Avian Glen - "Where nature takes it course" . July, 1992 -2- Avian Glen Associates Summary of Plat Covenants and Restrictions Set forth below is a general summary of the plat covenants and restrictions relating to the lots in Avian Glen. To obtain copies of the full set of covenants and restrictions or to ask questions regarding the summary information, please feel free to contact the Avian Glen Associates Director of Sales and Community Coordinator at 259-6213 . * Designated common areas will be owned and maintained by the Avian Glen Homeowners Association * All homeowners at Avian Glen will automatically become members of the Homeowners Association * All building plans must be reviewed and approved by the Avian Glen Architectural Review Committee. * Minimum residential unit size is 2200 square feet of total floor area (excluding garages ) for two-story homes and 1900 square feet of floor area for one-story homes * Unless otherwise shown on the plat or stated in the cove- nants, minimum building setbacks are 40 feet for the front; 20 feet for the rear; and 15 feet at the sides * All homes must have a minimum two-car garage * All driveways must be concrete or asphalt ( stone base re- quired at start of home construction) * Each'home must have a dusk-to-dawn yard light in the front yard * No outside antennas or satellite dishes or solar panels * No above-ground swimming pools * All mailboxes must be of uniform styling as established by Architectural Review Committee 8250 Haverstick Road, Suite 290, Indianapolis,Indiana 46240 317.259.6213 FAX:317.259.6215 * No outside storage of trailers, campers, motor homes, boats or other recreational vehicles * No signs of any kind except normal signs (six square feet) advertising lots or homes for sale * Each lot is required to have a minimum of two 1 1/2 - inch caliper trees in the front yard * Trees of 4 inches caliper or larger must be preserved in the designated Tree Preservation Areas July, 1992 -2- • • • • • �:.Shoppin ! Center . • K t,e - t - rf II '. Mai ' y J?• ... ''' s... vz� `e '� - . r"� �,,� �l _. ,,yr . ' A. ." .'.�• r I. •,":--it''..........-....' • -. l0 r 1- r __,. : ....•::......-,41- . ---.. .. • - ti e iiiiiiZt _ men ,.-'-si; iiiirisii.,, • 00'''',F: �a r S . , soh o w:. • P.- : _ it. . 0 4414 . ' -.App.. /4: t N v �, • • • fyr; v I AVIAN GLEN Existing Woods 214 1 3 220 219 216 215 213 vict* 217 2 I t_A11 1.111 221 209 210 211 212 202 222 208 • • 206 205 204 203 201 i ::: 207 1 o 180 182 I 192 1 193 194 I 9 t 141 oa \r ',: 142 190 195 1984 vg~ e 1. l 1CltR:1q ;1 140 189In 111 Cherry Tree 196 197 —`,it 40.. Elementary School lippAmenity 106 P . , A .. 107 Recreation 110 It eei hitt; . Area . joraiN IN toe ios North 104 103 102 101 100 1111 97 96 147 174 109 441:0 12 148 1 175 168 95 '29 Slkillrt 120 121 IF 123 149 c 176 167 .a 128 124 111 pp, 150 177 166 61 60 92 , .. 151 179 6h oldiniwirti 50 26 91 410 83 � 85 / 32 87 IlL 14.h. r-•t 152 164 62 63 64 65 82 86 161 163 \ ! PJe 53 66 81 ~ r m Lake1 LakeW 131st. Street 30 154 .� 160 T``'� 67 80 126th. Street — 33 `" a 155 .,G+� 73 72 71 70 69 68 38 37 36 34 1 • 35 Y 156 O � jilt 116th. St eet15711111111.11111111"11::7 Existing Woods Avian Glen Subdivision § Avian Glen 0 <>(' 7 C (1) 146th Street io c, •i .° 131st Street c 'Phase 1 5OISE 1 F 0 126th Street I 2 (.) 116th Street 58 LOTS ) . ...... ,, , i , . . , \\, : ' ...... . , ; , . A .6.3. . . .\<. ^ 6675 ,00Xr 13127• 52 .,;, .1 I 0.46 Ac 1 , F 1.727. / •, 4 61 60 . 59 . 58 1 0.'5..7.1 --- ' 26";1- '''''' - "1"1/4` - .$, 038 Ac. .. 039 Ac 039 A. 1 041 Ac . 8 iii/......... N 94393-24 .......4....„ ,.... A. '-- '44. _ -......„. Avian , u.,.. im 11211' .. t. , 043 Ac 100w• .5 11.5711 . Mit , . —. 63 - 64 1 55 - , 82 - 83 1. 84 85 ,a,-, • 32 co -045 Ac _ - 046 Ac 039 Ac om, ; g) Future Phase 3 -a . - 62 ' 0.30 Ac. 040 Ac 041 Ac c., ,,, 86 . A \I, 1193 CL. , ._ 31 . 66 . '10 481 2.'--- r . , . . . ' . Lake Ilk b .@. 040 Ac. - -3 '''''-- , , i '...-_ .41111111 Lake • 0,.40 .,1/4 4 ..f, _ . t 67 z.84.20A.., .E/000b8IMF te156 4,4 60 lir MP / ,SO inar ma 33 ,, 49 55 0.40 Ac 1 Ac ,..3' ot 036 Az. 0 52 Ac "' 040/.4, 0.42,... ' ,.... .' .., if \' ''''' 48 '' % ---..- \ 73 0.M Pa 1. 042 Pa 04 .,, um 349, 1143 Pc 0.43 Aa .20no Puffin 4,0 AO. •tV . s, ,, 0.44 Pa Warbler Way South oo 030 Ao °'5 120 „.... .000 AC. 3. cbc's A. _.e..... : °5"' ' 76 78 t 79 39 40 41 42 4 3 , 44 . 0.48 p ' 4—675 ; . 77 043AC • 4 ^ 030Ao ONAO ' 138P 0.404. 0414 0) 0.44 Ac. 004 043 04090 a . . . ,... 171 MA :SW I .. lit i jr