Option #1 – Condominium Purchase
Buying a condominium at The Seabrook is no different than purchasing any other real estate. Units are listed for sale and prospective new members make an offer to buy, negotiate the price and terms, and take ownership (deed/title) after closing. Purchasers can make improvements and modifications to their property if desired. Owner is responsible for the Resident’s Monthly Fee, which commences at closing.
Key Points:
– Potential for appreciation
– Great values offered
– Responsible for repairs & replacements
– Obligation to pay monthly fee until property is sold
Pricing:
– 1 Bedroom/650 SF – from the $40’s
– 2 Bedroom/1167 SF – from the $100’s
– 2 Bedroom (large)/1400 SF – from the $150’s
– Erskine 2 Bedroom W/WO Den – 1453 SF – $200’s
*Please call for a current price list
Monthly Fees
Expenses NOT included: Property Taxes, Content & Liability Insurance, Electricity, Phone, Housekeeping
1 BR/1 PERSON (650SF)
Purchase -$2,037
1 BR/2 PERSON (650SF)
Purchase -$2,741
2 BR/1 PERSON (1I67SF)
Purchase -$2,703
2 BR/2 PERSON (1I67SF)
Purchase -$3,407
2 BR+/l PERSON (I400SF)
Purchase -$2,916
2 BR+/2 PERSON (l400SF)
Purchase -$3,620
ERSKINE/1 PERSON (1453SF)
Purchase -$3,092
ERSKINE/2 PERSON (1453SF)
Purchase -$3,796
Option #2 – Entry Fee Contract
The Entry Fee Contract is where a new resident enters into an agreement with The Seabrook, which is enforced until such time the resident no longer wishes to live in the condominium or cannot for health reasons, etc. The new resident makes a one-time entry fee payment up front and has no additional real estate expenses attributed to the condominium. Resident is responsible for the Resident’s Monthly Fee, which commences upon move-in.
Key Points:
– Updated features throughout condominium
– 50% refund of Entry Fee payment upon leaving
– Not responsible for repairs, taxes, closing costs, etc.
– Not responsible to pay monthly fee once contract terminated
Pricing:
– 1 Bedroom / 650 SF – from $47,500
– 2 Bedroom / 1167 SF – from $95,000
– 2 Bedroom (large) / 1400 SF – from $140,000
– Erskine 2 Bedroom W/WO Den / 1453 SF – from $175,000
*Please call for current price list
Monthly Fees
Expenses NOT included: Content & Liability Insurance, Electricity, Phone
1 BR/1 PERSON (650SF)
Entry Fee – $2,258
1 BR/2 PERSON (650SF)
Entry Fee – $2,962
2 BR/1 PERSON (1167SF)
Entry Fee – $2,987
2 BR/2 PERSON (1167SF)
Entry Fee – $3,690
2 BR+/1 PERSON (1400SF)
Entry Fee – $3,265
2 BR+/2 PERSON (1400SF)
Entry Fee – $3,968
ERSKINE/1 PERSON (1453SF)
Entry Fee – $3,472
ERSKINE/2 PERSON (1453SF)
Entry Fee – $4,175
Option #3 – Studio Apartment Rental
For those folks who haven’t decided on where they want to live, the Seabrook has a very limited number of studio apartments (467 SF) that are available for a single resident to sign a one-year lease. Many studio residents ultimately become Seabrook Members and move into a larger condominium.
Pricing:
– Monthly rent – $2,310
– Refundable security deposit – $2,310
– Application fee – $500
– No membership fee is required. Leases may be renewed on a yearly basis.