The Residences at the Armory, Plymouth, MA

The Residences at the Armory is located at 76 Court Street in Plymouth close to Route 3, Plymouth Commuter Rail and the Indian Pond Golf Course. It takes less than 10 minutes to drive to the elementary, middle and high school. The comradery of the building owners created a neighborhood setting onto itself.This AFFORDABLE RESALE UNIT, #19, will be sold at the resale price of $218,796. This home is designated as affordable and must be sold to first time homebuyers whose incomes are at or below 80% of the area median income.

This affordable townhouse has 1 bedroom and 1 bath. It also has town water and natural gas.

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 of $166.27 will be approximate $1,757. This estimate is determined using a 4.50% interest rate. It is more likely that your bank interest rate would be closer to 3.50% which would substantially decrease your payment by approximately $110.

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.

Application Being Accepted on a First com, First Serve Basis