1 Forest Row 1 Great Barrington MA 01230

1 Forest Row
01230
Great Barrington
Summary
Kind of Property: 
Type of Contract: 
Rooms: 
6
Bedrooms: 
4
Baths: 
2
Surface (m2): 
1859
Property ID: 
226957

Description

Located in the Forest Row Community Land Trust with woodland trails and playgrounds, this efficient split level home with 4 bedrooms and 2 full baths has skylights and vaulted ceilings. One bedroom, 1 bath on lower level - also with Laundry - with 2 more bedrooms and bath on second floor - with an additional bedroom/office/bonus on 3rd floor added in 2006. The yard is nicely sized for kids and has a garden shed. Land trust dues and details:
The current monthly fee is $116.11 plus $9.50 for community pump repair just through the end 2019.
The above total represents a combination of actual expenses which vary from year to year, with a breakdown of the variable items:
pump repair and maintenance
snow plowing of parking areas
town tax on land
liability and property insurance
Management Fee for Community Land Trust (bookkeeping, accounting corporation fees)
CLT Education Fee (fixed fee - about $5/mos)
Current total variable expenses for 2019 per month $70.11
Land Use Fee for quad 46.00
$116.11 + $9.50 through 2019.
Leaseholders receive notice in December about the expected fees for following year.

2b) There is also a Forest Row Association and the fees are currently $125 per year. This helps to pay for most pump repairs, extra expenses for trail work, community land work, etc.

Forest Row is a neighborhood of 18 households on a twenty-one acre site located two miles from the village center of Great Barrington, Massachusetts. The homes are clustered on five acres in two quadruplex, three duplex, and four single-family buildings. The rest of the site is predominantly wooded. Construction of the buildings began in 1986 after the Community Land Trust received a Planned Unit Residential Development (PURD) permit from the Town of Great Barrington.

Homeowners lease the land on a 99- year basis (as of 2015 on a 98 year basis). The Forest Row Land Use Plan broadly determines how the land may be used within ecological guidelines. The Forest Row Association is organized by the residents and manages the neighborhood. The Forest Row lease requires that Forest Row is the primary residence of the leaseholder.

The original financing to build Forest Row came in loans from committed members of the Community Land Trust and from a local bank. No government subsidy programs were used to develop the neighborhood. In addition, in order to help first time home buyers purchase homes at Forest Row, a group of Berkshire second home owners created a pool of low-cost second mortgage funds to help with down payments. This pool, managed by the Community Land Trust, was known as The Fund for Affordable Housing. The Fund employed the skills of its members to build one of the single family homes at Forest Row and offer it to a local family at below replacement costs.

Forest Row is an example of how first-time homebuyers, local residents,
and the professional community working together can create permanently
affordable homeownership opportunities without relying on government
subsidy programs.

Price: 
$229 500
Status: 
Active

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