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Women's Development Corporation
Cardinal Lane Condominiums

Sales Price

$146,000

Available Units

20

Development Cost

Financing Sources

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PROPERTY SUMMARY

Cardinal Lane Condominiums is located at The Ridge of Hopkinton Meadows. It is part of a new community of ten duplex buildings located in a beautiful park-like setting off of RI Rte 3 and Hopkinton Hill Road in Hopkinton, Rhode Island. These twenty units, designed in the townhouse style, are made for comfortable family living and contain two bedrooms, 1.5 bathrooms, an eat-in kitchen with generous cabinets and pantry storage, a living room with space for an entertainment center, a full basement and individual entrances and driveways with parking for two cars. The total square footage of finished living space is approximately 1250 sf. The basement provides an additional 600 sf for storage. Each duplex meets Energy Star Standards, has a very efficient, quiet heat pump system. The two units in each building share a septic systems and a well. The Hopkinton Meadows is made of The Ridge and The WoodlandsThe Woodlands is made up of 35 market rate single family houses and The Ridge is 20 affordable homes.

2 bedroom duplex

Four homes have sold. Call the realtors regarding new units for sale.
Call Andy at Randall Realty 401-793-6399

This house meets the U.S. Department of Environmental Protection Agency and the US Department of Energy -- ENERGY STAR STANDARDS--
which means that this house must met strict guidelines for energy efficiency. “These houses are at least 15% more energy efficient than homes built to the 2004 International Residential Code and include energy-saving features that typically make them 20-30% more efficient than standard homes.” (1)

WHAT IS DIFFERENT WITH THIS HOUSE?

The windows are double pane insulated. This house is well insulated, the walls are 6 inches with fiberglass insulation. The bathroom fans are the Panasonic Whisper Jet with programmable switches. This allows a continuous air change with switching on and off all day, this is highly recommended with any energy efficient house.

YOUR UTILITY BILLS MAY BE LOWER THAN A STANDARD BUILT HOUSE!

What features make this home attractive?

• spacious kitchen with natural daylight and door to rear yard!
• traditional colonial exterior design with modern interior!
• elegant 9 foot ceilings on first floor!
• large basement with bulkhead with much useable area!
• large size energy efficient windows – 60 inches high!
• number of large closets!
• location and size of closets – coat closet, pantry closet and large bedroom closets!
• number of bathrooms and they have windows!
• washer dryer hook up on the second floor!

(1) www.energystar.gov

Directions

Cardinal Lane Condominiums is located approximately one-half mile from Route 95 Exit 2. Providence, Rhode Island is approximately 30 miles to the North and Groton, Connecticut is approximately 23 miles to the Southwest.

From Providence and Points North take Route 95 South to Exit 2. Turn right onto Woodville-Alton Road and follow for approximately ¼ mile to the stop sign at Main Street (Route 3). Turn left onto Main Street and follow for approximately 1/10 mile.
The entrance to Cardinal Lane Condominiums is on the right.

From Connecticut and Points South take Route 95 to Rhode Island Exit 2. Turn left at the top of the ramp onto Woodville-Alton Road and follow for approximately ¼ mile to the stop sign at Main Street (Route 3). Turn left onto Main Street and follow for approximately1/10 mile. The entrance to Cardinal Lane Condominiums is on the right.

Income Limits

These Condominiums will be sold to income-qualified families at or below 120% of the Area Median Income. The 2012 Income Limits for 120% AMI are not to exceed: Up to $71,900 for a Family of 1 Up to $82,150 for a Family of 2 Up to $92,450 for a Family of 3 Up to $102,700 for a Family of 4 (Larger Families call for Income Limits) 2013 Income Limits for 80% AMI : Up to $44,750 for a Family of 1 Up to $51,150 for a Family of 2 Up to $57,550 for a Family of 3 Up to $63,900 for a Family of 4 Up to $69,050 for a Family of 5 (Larger Families call for Income Limits)

Restraints on Alienation

The units have received special funds from various governmental agencies which have allowed the units to be offered for sale at a price substantially below the price they would sell for in the open market. In exchange for the ability to buy the units at a much reduced price, the buyers have certain obligations. The most significant obligation includes a reduced right to resell the units for a profit. All sales of the units must be to individuals who are approved by an outside monitoring agent. If these provisions are not followed, you or a subsequent purchaser will be subject to a purchase right vested in a third party which may allow this third party to buy the unit at a price below the price at which you have agreed to sell your unit. In addition, the units may be subject to mortgages which the unit owners will not have to pay on a monthly basis, but will be required to pay some or all of any profit received from the sale of units to such mortgagees. You should not buy these units assuming that you will be able to receive the full profit due from your unit, even if the market value of your unit increases.

Call Andy at Randall Realty 401-793-6399
Over 30 Years: Strengthening Communities One Home at a Time
Cardinal Lane Condominiums

Floor Plan X
861 A Broad Street, Providence, RI 02907 • 401-941-2900
copyright 2014 Women's Development Corporation