Country Brook Estates – Seekonk, MA. – Single Family
This development consists of 18 (eighteen) single family homes. There will be 2 (two) homes designated as affordable and sold to buyers whose incomes are at or below 80% of the area median income.
Country Brook Estates is located on Arcade Avenue in Seekonk close to the Grist Mill Tavern and across the street from the Firefly Golf Course. The development is located within walking distance to convenience stores, pharmacies, banks, restaurants, etc. The homes will be situated on 36.5 acres of land. The placement of the homes in a friendly village setting will create a neighborhood setting onto itself. The site is approximately 5 miles from downtown Providence, RI.
The affordable homes will be sold at the initial sales price of $178,600. When completed these homes will be designated as affordable and sold to first time homebuyers whose incomes are at or below 80% of the area median income.
The homes will have 3 bedrooms and 1½ baths. The homes will have public water, natural gas and private septic systems.
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 HOA fees will be approximate $1,263.
Your down payment can be 3% of which half 1.5% must be from the buyers own funds. There are some housing programs such as USDA in which the down payment may be as low as $0. You cannot rely on this estimated monthly cost amount, this 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.
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