FAQS

Swissvale Schoolhouse Condominiums

Questions and Answers

When will the units be ready for move in? We expect the first residents to be able to move in by the end October 2019.

What is the price of a unit in the building? These 1, 2 and 3 bedroom homes will initially be priced between $150,000 and $215,000, with up to a $50,000 price reductions available for as many as eight income qualified buyers, thanks to second mortgages provided by Allegheny County Department of Economic Development, more details below. Pre-construction pricing ends June 1.

When can I view the residences? We are arranging tours by appointment. Please contact Christa Ross, RE/MAX Select Realty, 724-779-1437 to arrange a showing. Take a virtual tour of Unit 101, Unit 202,or Unit 302 here.

Will I be able to customize my unit? For buyers who select their home early enough in the process we will be offering a selection of standard finishs to choose from. With a limited opportunity for early buyers to make upgraded choices. Buyers will be expected to make at least a 50% non-refundable deposit for custom selections. Unusual upgrades may require a higher upfront payment. The Schoolhouse Condos are not custom built units and so limitations on upgrades apply, but we hope to offer selections that will let buyers get a home they love.

What are the standard finishes? Standard finishes are available for viewing on the Finishes Page

When can I sign an agreement to purchase? We are starting to sign sales contracts on residences now using the Standard PA New Construction Contract. You will have the opportunity to review the complete Public Offering Documents before signing a contract.

What is the deposit amount? For most contracts we expect a minimum of a 3% deposit which will remain refundable until you have made your finish selections and reviewed and approved any upgrades you are interested in. After that date deposits become non-refundable.

What is the Homeowners Association Fee? The HOA fee is $250 a month or less. The fee includes maintenance of common areas, landscaping, parking, building insurance and fire and security monitoring.

What parking is available? Each unit will have 1 off street parking space in the building lot. There will be 6 parking spaces available for owners and visitors. Parking for additional vehicles is available on the street.

Is there an elevator in the building? No, units on the 2nd and 3rd floors will only be accessible by steps.

Are there any units without steps? Yes, units on the 1st floor will not require steps to access the units or have stairs within the units.

Are any of the units ADA compliant? Units on the ground level are considered ADA visit-able. Unit 102 is ADA compliant and wheelchair accessible.

Do any units have outdoor spaces? Unit 5 on the 2nd floor is the only unit with a private outdoor patio. All units have access to the common areas.

Are pets allowed? Yes, one dog or one cat may be kept by residents as a pet.

Is there space for gardening? Yes, residents will have access to space on the property for gardening.

What kind of financing is available? We are working with a lender to offer mortgage for the residences which will be available for qualified buyers with as little as 3-5% down with at least a 620 credit score. This lender may also make an extended rate lock available for up to 360 days. Please contact the agent for more details.

Who is developing the project? The Mon Valley Initiative (MVI), in cooperation with Swissvale Economic Development Corporation (SEDCO) has hired LGA Partners to design the new spaces and DRS of Greater Pittsburgh as the general contractor.

How do I qualify for the special pricing incentives? Allegheny County Department of Economic Development is making $50,000 second mortgages available for up to 8 buyers who make 80% of the Area Median Income (AMI) or less. These zero interest, zero payment loans are available to qualified buyers and are used to reduce the purchase price on their desired unit by $50,000. AMI is calculated on household size, please see the chart below to determine if you qualify. Lower deposit amounts on signed contracts are also available to these buyers. If you think you may qualify for this program please contact Christa Ross to discuss further.

 

contact our agent

Christa Ross

RE/MAX Select Realty

Phone : 724-779-1437

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