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Turtle Pine Village / Resale Unit / First Come First Serve

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 36 (thirty-six) townhouse condominiums. There are 5 (five) homes designated as affordable and sold to buyers whose incomes are at or below 80% of the area median income.

Turtle Pine Village is located at 138 Elm Street 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 placement of the homes in a friendly village setting will create a neighborhood setting onto itself. The site is approximately 36 miles from downtown Boston, MA

This AFFORDABLE RESALE UNIT will be sold at the resale price of $267,200. 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. The townhouses have 2 bedrooms and 1½ baths. They also have town water, natural gas and a wastewater treatment system.

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 $90 or $95 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.