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Dougherty Phase 3
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1 Bedroom
$228,000 80% AMI tier
$296,000 · 100% AMI tier (Phase 3 estimates — finalized before reservations)
1 bed · 1 bath · ~515 sq ft · for 1–2 people · 1st, 2nd & 3rd floors
- → Single-level living, ~515 sq ft
- → ADA-accessible homes available
- → Lowest entry price
- → Bedroom 14'9" × 10'1"
Est. all-in / month
$1,700–2,300Condo fee
$129/moEst. electric
$144–150/moA completed 1 bedroom at 65 Dougherty Court #101 · MLS #1657346
Actual floorplan · 515 sq ft · 1/8" = 1'
Photos of this home
Actual listing photos · MLS #1657346Developer-selected finishes
Built as precision modular homes at the KBS factory in Poland, ME and finished on-site by Backyard ADUs.
Own vs. co-op vs. rent — 1BR
Owning a Dougherty 1BR builds $105,792 in wealth over 10 years that renting never does.
$
/mo →
Own (condo)
$1,977/mo
- Cash to get in
- $13,408
- …with assistance
- ~$3,408
- Equity in 10 yrs
- $105,792
Co-op
$1,750/mo
- Cash to get in
- $5,000
- Equity in 10 yrs
- $34,605
Rent
$1,750/mo
- Cash to get in
- $3,200
- Equity in 10 yrs
- —
Wealth built after 10 years
| Own | Co-op | Rent | |
|---|---|---|---|
| Builds equity | Full appreciation + principal | Limited (share + up to 6%/yr) | None |
| Monthly cost | Fixed mortgage | Set by member-owners | Rises with the market |
| Tax benefits | Mortgage interest + property tax | Some | None |
| Who maintains it | You (+ condo assoc. for common areas) | The co-op | Landlord |
| Can you leave easily | Sell on the open market | Sell your share back | Give notice |
Source: MCDP's own cost & benefits comparison. Illustrative — your lender confirms exact figures.