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

Pricing Details

Market Value: $365,000
CHT Investment: $147,000
Buyer’s Price: $218,000

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

Spacious 3 bedroom, 1.5 bath South Meadow townhome! Large, open living space on the main level with a renovated kitchen, half bath, and access to the rear patio. Upstairs there are three bedrooms, a full bath and laundry hookups.  Several closets throughout the home for storage plus an attached one car garage.

Wonderful location in the highly desirable South End of Burlington next to Baird Park.   Just minutes from Oakledge and Red Rock parks plus the bike path along Lake Champlain. Close to shopping, restaurants, and other area amenities.

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: $1,377
Taxes: $390
Homeowner Association Fee: $ 486
CHT Membership Fee: $20
Insurance: $25
Total per month: $2,298

 

Property Features

  • Year Built: 1980
  • Style: Condominium
  • Total Finished Sqft: 1,440
  • Basement: No
  • Garage: Yes
  • Heat: Natural Gas/Monitor Heat with Electric Baseboard
  • Water Heat: Natural Gas
  • Sewer: Public
  • Water: Public
  • Appliances Included: Electric Stove, Refrigerator, Dishwasher, Microwave
  • Washer and Dryer Hook-ups: Yes
  • Homeowners Association: South Meadow Condo Association
    • # of Units in HOA: 32
    • Dues Include: Exterior Maintenance + Snow + Water & Sewer + Dryer Duct + Trash
    • Pet Policy: Pets allowed

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