Duxburrow Estates – Bridgewater, MA
A private developer, Duxburrow Estates, LLC and officials of the Town of Bridgewater have collaborated to provide this affordable housing opportunity in Bridgewater. The development is situated on 70.5 acres of land off of Curve Street in Bridgewater and will consist of one hundred and forty-eight (148) consisting of eleven (2) bedroom, one hundred twenty-six (3) bedroom and eleven (4) bedroom Single Family Homes. This lottery will only be for Phase 1 and 2 of construction. It will consist of 44 homes of which 11 have been designated as affordable. This phase will consist of 3 and 4 bedroom single family homes.
Each home will have at least one garage. The new homes will range from 1625 square feet to 2700 square feet. The appliances to be included are a stove, a microwave hood and dishwasher. There will also be laundry hookups provided in each home as well. The initial sales prices are $263,500 for the 3-bedroom homes and $284,900 for the 4-bedroom homes. The estimated Homeowners Association fee will be $25 monthly.
It is estimated that the total monthly cost of your mortgage payment including Principal, Interest, Real Estate Taxes, Private Mortgage Insurance (PMI), Hazard Insurance will be approximately $1,666-$1,799. This assumes a 30-year fixed rate mortgage at current rates with a 3% down payment. You cannot rely on this estimated amount, this is only an estimate your actual mortgage payment maybe 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 your 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. A summary of the Deed Restriction is included herein.
Application Deadline 11.17.20
Virtual Lottery Drawing
Dec 1st 2020
All lottery applicants will be given instructions on how to view the lottery drawing on Zoom.