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ANOKA COUNTY HOUSING STUDY
<br />SENIOR HOUSING
<br />TABLE C-4
<br />EXISTING SENIOR HOUSING FACILITIES
<br />ANOKA COUNTY
<br />4th Quarter 2010
<br />Year Units/
<br />Project Name Built Vacant
<br />Unit Mix
<br />Unit Size
<br />Payment Resident
<br />Base Monthly Fee for Services
<br />Profile
<br />Affordable/Shallow Subsidy Senior Rental
<br />Banfill Crossing 2000
<br />8310 University Avenue NE
<br />Fridley
<br />11 72 - 1BR 697 - 790 $774 - $894
<br />0 38 - 2BR 947 - 1,205 $1,051 - $1,338
<br />0.0%
<br />Cottages of Coon Creek 1997 37 15 - 1BR 700 - 700 $779 - $779
<br />2637 110th Lane 0 32 - 2BR 882 - 882 $949 - $949
<br />Coon Rapids 0.0%
<br />Oak Crest 1997 8 76 - 1BR 725 - 883 $797 - $1,042
<br />1639 Highway 10 NE 0 35 - 2BR 1,002 - 1,219 $1,097 - $1,339
<br />Spring Lake Park 0.0%
<br />Accepts
<br />Section 8
<br />vouchers
<br />Cottages of Willow Pond 1996 47 6 - 1BR 728 - 728 $730 - $730 Accepts
<br />101 Willow Pond Trail 0 41 - 2BR 878 - 930 $850 - $850 Section 8
<br />Lino Lakes 0.0% vouchers
<br />Oak Hills Manor 1995 48 12 - 1BR 705 - 774 $645 - $645 Accepts
<br />820 Civic Heights Drive 7 36 - 2BR 863 - 970 $703 - $730 Section 8
<br />Circle Pines 14.6% vouchers
<br />Cottages of Spring Lake Park 1993 86 30 - 1BR 730 - 730 $675 - $675
<br />8263 Fillmore Street 1 56 - 2BR 950 - 950 $775 - $775
<br />Spring Lake Park 1.2%
<br />Milm. Total Units 237
<br />Overall Vacancy Rate 3.4%
<br />All 55+; Avg. age
<br />= 76; couples and
<br />singles.
<br />Avg. age = 72;
<br />8 couples.
<br />Avg. age = 90.
<br />Avg. age 70s;
<br />couples and
<br />singles.
<br />Age range from
<br />50's to 80s.
<br />Avg. age = 70.
<br />Market Rate Senior Ownership
<br />Grey Oaks Community
<br />15550 Linnet Street NW
<br />Andover
<br />2003 100 30 - 1BR 875 - 875 $128,900 - $151,900 +
<br />n/a $144 - $144
<br />60 - 2BR 1,050 - 1,450 $145,900 - $216,900 +
<br />$144 - $144
<br />10 - 2BR TH 1,272 - 1,272 $218,900 - $259,900
<br />$163 - $163
<br />Historic River Rum District 2009/ 40 6 - 1BR 828 - 928 n/a - n/a
<br />220 Second Avenue North 2010 12 34 - 2BR 1,343 - 1,760 $250,000 - $300,000
<br />Anoka 30.0%
<br />Realife Cooperative 2002 100 3 - 1BR 805 - 805 $25,589 - $25,589
<br />1555 Main Street NW 3 $708 - $708
<br />Coon Rapids 3.0% 58 - 1BR/D 962 - 1,200 $35,687 - $45,334
<br />$858 - $1,120
<br />39 - 2BR 1,091 - 1,512 $40,578 - $53,503
<br />$977 - $1,308
<br />Total Units 240
<br />Overall Vacancy Rate** 3.0%
<br />Avg. age = 65;
<br />70% couples.
<br />55+. Sold 6 of 18
<br />units in the 2nd
<br />Phase.. No 1BRs
<br />left.
<br />Avg. age = 79.
<br />Seven units for -
<br />sale (only 3 are
<br />unoccupied).
<br />**Excludes Grey Oaks Community, since vacancy information was not available and
<br />excludes Historic Rum River District - still in initial lease -up of 2nd phase.
<br />Market Rate Senior Rental
<br />Oaks of Lake George
<br />21201 Lake George Boulevard
<br />Oak Grove
<br />2006 51 13 - 1BR 691 - 800 $796 - $902
<br />12 18 - 1BR/D 887 - 877 $958 - $1,008
<br />23.5% 14 - 2BR 935 - 1,060 $1,001 - $1,140
<br />6 - 2BR/D 1,225 - 1,225 $1,327 - $1,327
<br />Pine Manor Estates 2005 44 18 - 1BR 732 - 732 $830 - $830
<br />96 South Drive 1 6 - 1BR/D 832 - 832 $1,030 - $1,030
<br />Circle Pines 2.3% 20 - 2BR 978 - 1,264 $1,130 - $1,315
<br />CONTINUED (1 of 5)
<br />Avg. age = mid
<br />70s; some
<br />couples.
<br />Avg. age = 80;
<br />5 couples.
<br />MAXFIELD RESEARCH INC.
<br />74
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