Apply by Wednesday, February  12, 2025 at 5:00 PM to be part of the buyer selection for this home.

For more information about the buyer selection process, please click here:  How to Apply for Shared Equity

Pricing Details

Market Value: $315,000
CHT Investment: $136,000
Buyer’s Price: $179,000

The market value is the value of the home if it were sold in the traditional market. CHT has an investment in the home which brings the price that the buyer will have to pay down to the listed Buyer’s Price.

Description

Charming 1 bedroom flat at Stratos in downtown Burlington with partial lake and mountain views from the living room. This condo features an open floor plan, hardwood flooring, stainless steel appliances, built in murphy bed and more. Secure building with elevator, off street parking and indoor storage.

Restaurants, Church Street, the waterfront, the Flynn Theater and all other amenities are all nearby.  Heat is included in HOA.

Estimated Monthly Costs

This estimate assumes a 30-year fixed rate loan for the buyer’s price at a 6.50% interest rate with no points. Actual payment may vary depending on the loan product for which the buyer or property qualify.

Mortgage: $1,131
Taxes: 336
Homeowner Association Fee: 349
CHT Membership Fee: $45
Insurance: $25
Total per month: $1,886

 

Property Features

  • Year Built: 2014
  • Style: Condominium
  • Total Finished Sqft: 533
  • Basement: No
  • Garage: No- Off Street Parking
  • Heat: Natural Gas, baseboard forced air
  • Water Heat: Natural Gas
  • Sewer: Public
  • Water: Public
  • Appliances Included: Electric Stove, Refrigerator, Microwave, Dishwasher, Washer, Dryer
  • Washer and Dryer Hook-ups: Yes
  • Homeowners Association: Stratos Condo Association 
    • # of Units in HOA: 34
    • Dues Include: Building Maintenance + Exterior Maintenance + Snow + Trash + Heat + Water and Sewer
    • Pet Policy: Pets allowed

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