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The Bluffs at Blowing Rock - New Construction!

1 available share

$1,165,900

target home price

$582,950

cost per share

$5,343 / mo

estimated costs

$0 / mo

monthly income

CASH AT CLOSING PER SHARE
Down Payment
$116,590
Closing Cost
$34,977
Reserve Fund Deposit
$17,489
Total Cash at Closing
$169,056
Co-own this home
Details
3 bedrooms | 3 bath

Contract secured on 3 bedroom, 3 bath, 2,130 square foot condo at The Bluffs in Blowing Rock. Luxury interior features selected by a professional designer, built-in outdoor gas grill, and separate outdoor gas fireplace. Exterior maintenance is covered by HOA, gated access, and exterior elevators. Long-range, layered view of the St. George Gorge. 7-8 minute drive to downtown Blowing Rock. 4 minutes to Blue Ridge Parkway access. 3 minutes to Westglow (Google maps: Search The Bluffs at Blowing Rock). Unit to be completed August, 2024. See the Bluffs for more information!

I'm interested
House Usage
  • 2 shares total
  • 26 weeks a year per share
About the Organizer

We have been going to Blowing Rock for over 20 years and we love the very high quality build-out at the Bluffs. My wife is a designer/renovation specialist and has selected the interior finishes (countertops, cabinets flooring, and so forth) using a neutral, clean palette. She has a game plan for interior design from her suppliers (e.g., Gabby, CR Laine, Summer Classics). We have noted that we do have a dog -- but it is small and hypoallergenic (a non-shedding, Welsh Terrier). We would not be too fond of a large, shedding dog(s). The photo is a recent shot from the deck of the unit.

Amenities
We are looking for a house that includes:
  • Fire place
  • Porch
House Rules
  • Only dogs allowed
  • No firearms allowed
  • No short term renting
Answered Questions
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Calculated Costs per Share

The Bluffs at Blowing Rock - New Construction!
Blowing Rock, NC
CASH AT CLOSING PER SHARE
Down Payment
$116,590
Closing Cost
$34,977
Reserve Fund Deposit
$17,489
Total Cash at Closing
$169,056

This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.

Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.

ESTIMATED MONTHLY EXPENSES PER SHARE
Mortgage Payment
$3,422
Insurance/Taxes
$632
Repairs
$486
Maintenance
$486
Utilities
$205
Cleaning
$113
Total Expenses
$5,343
This total is an estimate of all the expected costs associated with owning a vacation home with a Plum certified ownership agreement.
Location, type of house, changes in interest rates and utilities can all change and affect the monthly cost throughout the term of ownership.

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