Chestertown, MD
$8,000 Tax Credit for First-Time Buyers, $6,500 for Current Homeowners and Special Ryan Savings for EVERY Buyer... Morning Room Included! ‡
HOMESITE OF THE MONTH
Homesite 123
Bainbridge Model
-Finished Basement
-Bonus Room
-Corner Homesite
-2 Car Side Entry Garage
-4 Bedrooms and 2.5 Baths
-3,112 square feet of Living Space
-Double Walk-in Closets and Double Bowl Vanity in Owner's Suite
-Eat-in Kitchen
-GE Appliance Package
-Sodded and Landscaped Yard
BASE SALES PRICE: $214,990
TOTAL SALES PRICE WITH OPTIONS: $251,890
TOTAL SAVINGS: -($21,900)*
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NEW SALES PRICE: $229,990!
Take advantage of small town living at its most affordable at Coventry Farms. This idyllic single-family home community boasts a scenic setting and large, wooded homesites within minutes of the shops, antique stores and restaurants in historic Chestertown. The nearby Chesapeake Bay and Chester River invite endless outdoor recreation, while neighboring Washington College offers cultural and educational opportunities. Come and see why Coventry Farms is one of Chestertown Maryland's best new home communities.
• Located in Chestertown, MD
• Up to 5 bedrooms and up to 4 ½ bathrooms
• Up to 4,200 square feet
• 2-car garage
• Elegant single-family homes featuring ranch and 2-story floorplans, 1st floor owner’s suite, hardwood foyer and powder room, G.E.® appliance package and more
• Large, wooded homesites
• Charming, small town atmosphere within minutes of shopping and dining in historic Chestertown
• Near Washington College
• Close to Chesapeake Bay and Chester River for boating, fishing and more
Directions:
From the Bay Bridge:
-Follow Rt 50 E to Rt 301 N
-Follow to MD-213 N, Exit 25
-Travel 19 miles to a left onto MD-291(Morgnec Road)
-Turn right onto MD-20(Chestertown Road)
-Turn right on MD-514(Flatland Road)
-Turn right on Sutton Way
-Proceed to the model on your right.
From DE, NJ and PA
-From I-95 S
-Take DE 1 S, Exit 4A
-Follow to SR-299 W, Exit 136
-Take Middletown Road/301 S
-Turn right on MD-290 (Galena Sassafras Road)
-Turn onto MD-213(Augustine Herman Highway)
-Turn right onto MD-291(Morgnec Road)
-Follow directions above
Address: 103 Sutton Way Chestertown, MD 21620
‡ This is a limited time offer and available only on new contracts when financing through NVR Mortgage. Please consult our sales representative for details.
Models Available
Starting from the Upper $190's
Decorated Model
**Limited time only. Financing based on a 30 Year FHA loan, with an interest rate of 4.75%, an APR not to exceed 5.439%, and 3.5% down payment. Monthly payment assumes the base sales price of the community which includes principal, interest, estimated taxes, insurance, up front mortgage insurance premium and estimated tax savings based on a 28% income tax rate. We recommend that you consult a Certified Public Accountant regarding your specific tax situation and details. Monthly payment does not include homeowner's association dues. The borrower is paying 0 discount point(s). A 1% origination fee is paid by the buyer. Mortgage insurance is included in these examples because the LTV is 96.5%. Qualifying and rates on loan programs may vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program. Certain restrictions may apply. Rates effective 3/19/2010 and subject to change without notice. Prices, offers and financing are subject to change without notice. See sales representative for details.
Product: 30 Year FHA
Sales Price: $199,990
Interest Rate: 4.75%
Downpayment: 3.5%
Property Tax Rate: 1.2%
Origination Fee: 1%
Discount Points: 0%
Hazard Insurance: 0.14%
PMI: 0.55%
Up Front MI: 1.75%
Downpayment Estimate: $7,000
Loan amount: $196,368
Up front mortgage insurance amount: $3,377
$247 (Principal)
+ $777 (Interest)
+ $200 (Property Tax Estimate)
+ $23 (Hazard Insurance Estimate)
+ $90 (PMI Estimate)
+ $00 (Condo Fees)
- $216 (1st Year Tax Savings Estimate)
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$1,122 : Estimated Monthly Payment
Federal tax credit up to $8,000 for first-time buyers and $6,500 for move-up buyers available on homes under contract as primary residences by 4/30/2010 and settled by 6/30/2010. $8,000 tax credit is for first-time buyers or those who have not owned a primary residence in 3 years. The $6,500 credit is Available to Move-Up Buyers who have maintained the same principal residence for any 5-consecutive year period during the 8-year period ending on the date of the settlement. Income limitations and other restrictions apply. We suggest you consult a Certified Public Accountant and IRS.gov for tax advice and official requirements. Prices, financing and other offers subject to change without notice. See sales representative for details.