Last update date: 11/11/20
How large is The Townhomes at Michigan Park community?
The Townhomes at Michigan Park sits on an 8 acre parcel it shares with the Josephites Seminary. The townhomes themselves are located on 4 acres north of the seminary.
When is the community projected to start construction and homes be ready to move in?
Land development is currently scheduled to start in December of this year, with vertical construction slated to start in spring 2021, and first move-ins during fall 2021. The entire community is anticipated to be complete in 2023.
What are the base prices and features of the townhome models?
The Allison will start at $699,900 and The Buchanan will start at $729,900. A price sheet of the initial homesites released for sale along with included features is available upon request.
How much does an optional rooftop terrace cost on The Allison and The Buchanan?
- $20,750 on The Allison
- $22,250 on The Buchanan
*** Note: Rooftop terraces not available on homesites 70 and 73
What amount of deposit is required to purchase a townhome at Michigan Park?
- 5% of the base price and all structural options is the deposit required.
What kind of mortgage programs are offered for purchasers at The Townhomes at Michigan Park?
We have partnered with Wells Fargo, M&T, and Eagle Bank to offer great loan programs. Mortgage programs are available with as little as 3% down through our large bank lenders. To take advantage of today’s low rates, all of our lenders offer long term locks of 1 year on many programs, and some programs up to 18 months. The contact information of each of our preferred lenders is below:
Are there any special incentives offered for The Townhomes at Michigan Park?
If you use one of our preferred lenders (Wells Fargo, Eagle Bank, or M&T Bank) and our preferred title company (Capitol Title), we will split the transfer and recordation taxes on the home, both the Seller and the lender will contribute ½ point towards your loan, and reimburse for credit and appraisal fees.
What is the warranty on a new townhome at The Townhomes at Michigan Park?
The townhome is covered by what is called a 1/2/10 warranty. Up to year 1 after settlement, everything is covered, all mechanical/electrical/plumbing is covered up to year 2 after settlement, and then there is a structural warranty for up to 10 years after settlement. The warranty is backed by PWC. Restrictions apply and performance standards of what is warrantable and not warrantable is explained in the sample warranty documents you receive at time of contract.
What are real estate taxes in DC?
Currently the tax rate for a home is 0.85% of the assessed value with homestead deduction in the District of Columbia.
Which streets are public and which streets are private in The Townhomes at Michigan Park?
All of the streets inside the community, Wynton Place and Joseph Place are private streets with public access easements (the public access does not include parking). The streets surrounding the site include 12th Street, Allison Street, and Sargent Road, which are public. Currently the streets around the site are not part of the Residential Parking Permit program, however that may change in the future, in which case residents may not be able to park on them.
If I buy a home with a rear yard, where do I park?
All the rear yard homes come with 1 reserved space on Wynton Place. Currently you are able to park a 2nd car on some of the surrounding streets, however if the neighborhood becomes part of the Residential Parking Permit Program, it is possible that those will go away.
Are the park spaces built within the community open to the public?
Yes. The development is building several parks/open spaces. The park along 12th Street next to the seminary is a public park on the seminary property maintained by the HOA. The remaining park and open spaces are on HOA property and are open to the public via public use and access easements, and are also maintained by the HOA.
Where can I see similar homes to the new townhomes at Michigan Park?
The Townhomes at Michigan Park offer similar floorplans as the Riggs Park Place community, which is currently scheduled to have a model home in summer of 2021. Examples of previous EYA developments can be found at communities such as Chancellor’s Row, Capitol Quarter, Harrison Square, and Arts District Hyattsville.
How does the Home Owners Association (HOA) work?
- All homes are fee simple ownership and part of the HOA
- The HOA is responsible for snow removal, trash removal, community landscaping and maintenance
- $150 per month
- All units pay 4 months assessment as Initial Capital Cost at time of settlement
How far from the Metro is The Townhomes at Michigan Park?
The Townhomes at Michigan Park provide easy access to both the Fort Totten Metro station with the Red, Green, and Yellow Lines, and the Brookland Metro with the Red Line.
- Brookland Metro – 0.9 mile away; an 18 minute walk following 12th Street and Michigan Ave NE
- Fort Totten Metro – 1 mile away; a 19 minute walk following South Dakota Ave and Galloway Street NE
What are the public schools that The Townhomes at Michigan Park will feed and where are they?
- Bunker Hill Elementary – 0.4 mile away – approximate 10 minute walk
- Brookland Middle School – 0.6 mile away – approximate 12 minute walk
- Dunbar High School – 3 miles away – approximate 20 minute bus ride via 80 bus route
How is water service different at The Townhomes at Michigan Park?
Water service is private. Water will be accessed off of public water, and then individual sub-metering will occur, of which a 3rd party will be contracted through the HOA to bill for the service.
How many guest parking spaces are located in The Townhomes at Michigan Park?
There are 23 guest parking spaces (1 of which could be allocated to a car-sharing service) in the community reserved strictly for visitors of the community. In addition, there are parking spaces available along the surrounding public streets which are currently open to public parking, however it is possible that these streets could become part of the Residential Parking Permit program in the future and residents of The Townhomes at Michigan Park may not be able to park on them.
Will there be any restricted affordable homes at The Townhomes at Michigan Park?
Yes, there will be 10 homes offered for sale to households that meet certain income guidelines as part of the District of Columbia’s Inclusionary Zoning Program. More information on these homes will be available in 2021.
How does the home purchasing process work at The Townhomes at Michigan Park?
At the time of contract, a deposit is provided. You will then meet with our sales personnel to select your options in the home. As we get ready to start construction of your home, you will have a series of meetings:
- Homeowner Manual Meeting – this is where our sales team will guide you the process of building a home at The Townhomes at Michigan Park
- Pre-Construction Meeting – this is where you will meet the construction manager building your home and confirm all your options and selections
- Pre-Drywall Meeting – where you will walk through the home before drywall begins to confirm all selections have been installed correctly and see the quality that goes behind the walls of your home
- Pre-Settlement Orientation – you will walk through your home prior to Settlement to confirm everything is correct and if there are any items left to be completed