Breezy Hill 101 Cherry Street, B6 Plymouth, MA 02360
This development is in accordance with the Department of Housing and Community Developments’ Local Initiative Program (“LIP”). The development consists of a total of 32 (thirty-two) units. There is 1 (one) resale unit designated as affordable and sold to buyers whose incomes are at or below 80% of the area median income.
The town of Plymouth has over 50,000 people. It is a community that has a strong mix of cultural and social diversity, intellectual vitality, and technological innovation. The neighborhood fosters a strong community bond, promotes civic pride and encourages a connection with its residents through countless community events, activities and public recreation areas. Plymouth’s community represents all ages, professions and lifestyles. From Fortune 500 business leaders to independent local artists, the community thrives with a mix of opportunities for all to enjoy.
The historic waterfront boasts everything from the hallowed Plymouth Rock to tons of exceptional dining opportunities – from a simple sandwich to a gourmet meal to homemade ice cream with live entertainment that spills from several taverns and restaurants all year round. The gorgeous harbor offers a stunning spot to moor your yacht, take a cruise on one of Captain John’s Boats in search of whales, fish off the jetty, or just sit and relax and watch the sunset.
Breezy Hill is located on Cherry Street which connect Route 3 and Court Street. The condominium home has 2 Bedrooms and 2 Baths. The home has gas, forced hot air, central air conditioning and will include stainless steel appliances. Appliances to be included in the sale are the refrigerator, stove/oven, microwave and dishwasher.
The affordable resale condominium will be sold at the sales price of $250,500 with monthly condominium fees of $150 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 $2,200 for the 2-bedroom condominium. 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.