1 Chance Court, Carver, MA – Resale Unit – First come, first serve

This development is in accordance with the Department of Housing and Community Developments’ Local Initiative Program (“LIP”). The development consists of a total of 10 (ten) homes. There is 1 (one) resale unit designated as affordable and sold to buyers or their spouses who are 55 years of age or older, whose incomes are at or below 80% of the area median income. At least one household member must be at least 55+ years of age with no more than two (2) occupants.

The Townhouses at Chance Court is located off of Main Street just north of Carver center. The condominium homes will have 2 Bedrooms, 2 Baths, Basement and a 2-car garage, The homes will have public water and private septic systems. Appliances included in the home sale are refrigerator, washer and dryer, microwave, stove, trash-compacter and dishwasher.

The affordable resale condominium will be sold at the sales price of $168,253 with monthly condominium fees of $575 per month. It is estimated that the total monthly cost of your mortgage payment including Principal, Interest, Real Estate Taxes, Private Mortgage Insurance (PMI), Hazard Insurance and condo fee will be approximately $1,670 for the 2-bedroom condominiums. This assumes a 30-year fixed rate mortgage at current rates with a 5% down payment. You cannot rely on this estimated amount. It is only an estimate. Your actual mortgage payment may be different based on the actual interest rate and other factors. You should verify your actual mortgage payment with your lender and or accountant.

This monthly mortgage payment is pre-tax and does not include the tax advantage of home ownership. To determine you net expense post tax you should consult with your accountant or tax advisor.

All affordable homes will have a “Deed Restriction” that will be recorded with the mortgage at the time of purchase. This deed restriction in part, limits the amount the home can be resold for or refinanced for and requires that it be resold to another affordable buyer.