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The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
The one-story homes will be sold - net of the assistance listed above - for a sale price of $220,000.
A minimum downpayment of 1% will be utilized to pay the upfront cost of mortgage insurance. And closing costs are likely to exceed the MaineHousing assistance by about $1,000. Thus, homebuyers will have to demonstrate to the lender that they have at least $3,100 in available cash for closing. Additional downpayments can be utilized to reduce the mortgage below $220,000 if desired and available.
Important Information
Important Information
Heritage Woods Neighborhood + The Homes
About the Property
The Heritage Woods Subdivision is being created on a 4.6-acre parcel located currently at 126 Main Street in Kennebunkport, Maine.
This lot is currently identified in the town assessment records as Map 22 Lot 9- 21. The property will be subdivided into four buildable lots and an unbuildable open space lot.
These lots will be accessed by two private roads- Tigerlily (Lot 1/Lot 2) and Briggs Way (Lot 3/Lot 4), each entrance off of Main Street. Two of the 4 lots are accessed from each road with the open space lot centrally located towards the rear.
Click on the image to enlarge
The buildable lot sizes range from 0.50 acres to 1.15 acres with the open space lot being 0.93 acres.
Three residences will be accessed off each of the private ways or six in total. Each road will include a single family residence and a semi-attached duplex. Three buildings or five residences will be located near the project’s 437’ of frontage along Main Street. The three lots associated with the buildings having between 100’ and 212’ of frontage along the arterial. Each home will have access to public water and private sewer.
Click on the button to learn more about each Heritage Home in Heritage Woods.
The Heritage Woods Single Story Homes:
The Heritage Woods Two Story Homes:
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