There is movement on the housing front in Perry.
Zack Cregeen, of RE/MAX Concepts Torres Team, said one of the two speculation homes built in the Sunflower Flats development has been sold.
The ranch-style home, he said, has an accepted offer on it. The two-story 1,467 square foot home is still available.
The homes were among the first built in Perry since 2011. The City of Perry started a 10-year tax abatement program in 2016 to help spur new residential growth.
The new properties will not have any taxes on them for the first five years. Taxes will then go up incrementally for the following five years. Home improvements can also qualify for the tax abatement program if the improvements or additions will increase the assessed value by $20,000. Those homes qualify for a five-year 100 percent tax abatement.
Ground was broken on the Sunflower Flats development in 2016. Clark Cannon, of VIA Group Realtors, is the developer. The two RE/MAX Concepts Torres Team speculative homes, built by Cornerstone Homes, were completed in October of 2017.
“Shane brought up checking these lots out because of the 10-year tax abatement,” Cregeen said of Shane Torres, a broker at RE/MAX Concepts Torres Team. The team is based out of Polk City. “It sounded good, so we started on these two specs here.”
Cregeen said they will begin building a new speculation home once the two-story home is sold. They will also soon start two more custom builds for customers. Those lots have already been purchased for the homes.
“It’s really picked up now that it’s closer to spring,” Cregeen said.
RE/MAX Concepts Torres Team has the option on 10 of the lots within the Sunflower Flats development.
“Obviously, our goal is to sell out all of these,” Cregeen said. “I think once they see that we’re starting to build a lot more of these, the interest will start picking up to get even more sold.”
City Administrator Sven Peterson said four homes qualified for the tax abatement program in 2016. Those were all improvements on existing homes. In 2017, there were seven home improvement abatements and four new homes.
Peterson said there are currently between eight to 10 homes that have started the permit process, or are planned, for the tax abatement program. One new home is under construction at 16th and Park St.
For more information on the tax abatement program, contact Peterson at 515-465-2481.