Cost of Membership and Homes at Elderberry
Elderberry will be a self-sustaining
homeowners association, maintaining sufficient
capital to ensure the financial viability of the community while
keeping costs as low as possible for residents.
Individuals or couples who wish to become Associate Members of Elderberry, receive regular communications
and attend our meetings may join by paying an annual
non-refundable fee of $300.
Individuals who wish to become Equity Members and buy a home at Elderberry are encouraged to become Associate Members and are asked to visit the community (attending meetings or workdays if possible) at least 4 times.
The price of homes at Elderberry includes more than just the cost of the house and the lot. The price also includes a share of:
Our 2800 square foot common house with beautiful kitchen, dining space, sitting area, guest space, media room and laundry facility
Community land (10 acres, plus another 12 acres jointly shared with our sister community Potluck Farm, and access to over 130 acres of Potluck Farm hiking trails)
Barns and woodworking shop
Historic log cabin (use to be determined)
Several large garden areas and chicken housing
Community equipment and tools
All infrastructure (roads, paths, parking, wells, septic systems, etc)
There are two homes currently available for sale. Construction will be completed in the summer of 2017.
The drawings and floor plans for these can be found under house plans.
Approximate home prices:
We are selling the homes we are building at our cost (no profit to the community). Therefore the cost of homes will vary slightly based on the timing of the sale. Assuming that these homes will be completed and sold in July 2017, the approximate prices are as follows:
Lot 16: 900 ft2 one-story home: $224K
Lot 17: 1200 ft2 two-story home: $245K
These homes are green certified and Energy Star certified. If you have other questions about home prices or financing, please feel free to contact us.
In addition to the cost of the
home, residents will pay monthly homeowners fees to
the cost of services to residents, repairs, maintenance, improvements,
landscaping, taxes, insurance and “rainy day” funds.
Monthly fees will be assessed each year. They are determined by the
membership and may go up to reflect increased costs. Monthly fees will be kept
as low as possible to maintain facilities and ensure the financial security of
Elderberry. Residents may choose to establish resident committees to provide
services, thereby reducing monthly fees. Fees for 2017 are $180 per month.
Members are responsible for costs such as
telephone, internet, insurance, and taxes.
Utilities (power, water and septic) will be provided
centrally. There is no charge for water or sewer.
Power is provided centrally and charged back to
residents equally. Monthly assessments will include
electricity and garbage collection. Elderberry is responsible
for the exterior maintenance of homes and for
landscaping (although owners may have their own
landscaping as well if they choose). Over time, we hope to reduce power
costs by adding solar panels as we can afford to do so.