Six manufactured homes are coming to Allendale Pines, starting at $190K | Central Berkshires
The future homebuyers will pay less than $204,900 for a home at Allendale Pines North, said Val Whaling, the director of sales for Teton Management. Monthly mortgage payments will be around $1,665 a month, including homeowner’s insurance.
PITTSFIELD — Six new three-bedroom, two-bathroom homes — with top-of-the-line appliances and a chic interior — will hit the market in Pittsfield, and the cheapest one costs $189,900.
Teton Management, which owns and operates mobile and manufactured parks in Massachusetts and New York, is bringing the manufactured homes to Allendale Pines at 395 Cheshire Road.
The homes are built off-site, then assembled once delivered, but they don’t have a set foundation.
They are a few weeks away from completion. The developers are looking for potential buyers to move in this spring.
While the homes are part of the Allendale Pines development, they will have a separate entrance and will be named Allendale Pines North.
This first batch of homes is the initial phase of the development, with Teton Management expecting to bring a total of 22 homes to market.
The manufactured homes are brought to the development in two parts and sit on on a slab. Although they are not attached to the ground, moving one of these homes would involve undoing the joining and reattaching the wheels. Whaling estimates it would cost upwards of $15,000.
Allendale Pines North is set back a few hundred feet from Cheshire Road and is cloaked by trees.
The ranch-style homes have drywall, kitchen backsplashes and new energy-efficient appliances. Even the trim hiding where the home is set getting an upgrade: a faux stone treatment instead of vinyl siding.
Teton Management decided to use manufactured homes because it lowers the eventual price for homeowners, said Val Whaling, the director of sales for the company.
“This is a very affordable option for a young professional [who] can easily potentially sell this house [when] they’re moving on,” she said.
The homes come in three different styles: full-porch, half-porch and no-porch. Every home is 1,280 square feet, but each style has a unique feel. Some kitchens have an island, while others have plenty of open space. The homes also contain an array of siding colors.
Depending on the model, the homes will sell for between $189,900 and $204,900, Whaling said. Assuming a buyer will put 10 percent down, the monthly mortgage payments will be around $1,665 a month, including homeowners insurance.
Buyers will also have to pay $550 a month to rent the land, Whaling said. This will go toward real estate tax, water, sewer and community upkeep. Residents will be responsible for their own fuel, electricity and internet.
At Allendale Pines North there are three types of home for sale: full-porch, half-porch and no-porch. The different homes will help create a more defined community, said Val Whaling, the director of sales for the company.
In Pittsfield, a three-bedroom, two-bathroom apartment rents for at least $2,000, and homes with the same criteria sell for anywhere from $130,000 to over $1 million dollars, although most cost at least $250,000, according to Zillow.
A buyer will likely use a chattel loan to finance the purchase of the manufactured home. This type of loan is used when a person is buying just a structure and not the land, and these loans use the home as collateral until the debt is paid off.
Teton has relationships with lenders who deal with these loans, Whaling said. “We hold their [the buyers’] hand through the whole process.”
So far, the company has received 18 strong applications, she said.
Although the homes are not on a fixed foundation, moving one would cost $15,000, she said. Teton Management has only seen a handful of homes moved across its sites.
The project cost is $1.7 million, Whaling said, but that does not include the construction and costs of the homes.
Teton Management will host an open house and ribbon cutting on March 18, where people will get a look at all three models.
