Turtle Pine Village – Phase 7
A private developer, Champion Builders, Inc. and officials of the Town of Kingston have collaborated to provide this affordable housing opportunity in Kingston, MA. The development is in accordance with the Department of Housing and Community Developments’ Local Initiative Program – Local Action Units (“LIP-LAU”). This development consists of 2 (two) Single-Family Home Condominiums.
The first Affordable Unit will be an existing property that will be remodeled like new. The homes will have town water, natural gas and a shared wastewater treatment system. 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.
Turtle Pine Village Phase 7 units are located at 134 Elm Street, Lots A & B in Kingston close to Route 3, Kingston Commuter Rail and the Indian Pond Golf Course. It takes less than 10 minutes to drive to the elementary, middle and high school. The homes will be situated on 25.2 acres of land. The site is approximately 36 miles from downtown Boston, MA
One unit is a Cape style 3-Bedroom, 1 Bath, has 1,298 sq ft and a sales price of $288,300. The second Affordable Unit will be a new cottage style colonial that is 2-Bedroom, 1.5 Bath and has 1,344 sq ft and a sales price of $258,900. 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 fees of $50 will be approximately $2,203 for the 2-bedroom and $2,447 for the 3-bedroom. These estimates are determined using a 6.73% interest rate.