HomeMy WebLinkAbout2014 02-26 Cardinal Pointe of Maplewood Senior Cooperative offers maintenance-free living with the benefits of ownership PROGRESSnto o MC2�idi*na�P61*.. apewOo S.lor ooperative offers
ma nte'nanceo ree living wit the ene its. o 'ownership
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Tired of snow..'shoveling-
l brar."exercise room work
and and work; Carl and
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sho craft room ame� n� , .w
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bila Bakken sold theirroom
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g le fanal home l8 months
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ago and became :shareown-
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Ear wash stall: _ s�l �r:: �.,
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er-members of ,Cardinal
Cardinal Pointe is con-
Poin to of Maplewood Senior
venrently :located_ near
Cooperative. "We invested .
St. John's: Hospital,- the
the remaining proceeds
Maplewood Mall,. a Ramsey
from the sale of the house
County Library and Costco
into ourpersonal portfolio;"
as well as bike trails, parks?
said Carl. "We've already
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and a wide variety, of res -
earned enough from the:.
taurants.x e
investments to. Nance a trip
In addition to all � the ben-
to Europe..
efits of homeownership, ..
Located in a serene,
Cardinal Pointe members Cardinal Pointe's workshop is a favorite place f o woodworking
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country -like setting at .
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projects. t�;Ege2hr1tn
enjoy maintenance -free liv- FEB ..014
the northwestern edge
x = $c
ing. The reasonable monthlyo.
of Maplewood, .Cardinale
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fee covers exterior and Frk.y -h 'V N
Pointe offers 108 spacious
interior maintenance, heat, f
homes for singles and cou-
water, trash removal, phone, '' a
ples, age 55 and older.
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television and an array of '
As a limited -equity hous-
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am he few addi- f
amenities. T
in coo erative members
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H
-
tion _.
S
al home related costs :
of Cardinal Pointe "buy in"
are electricity, internet and = ALF
y
to the collective mortgage
41
homeowners insurance;
., -
through a one time share/
which members�.,,_
Vay..directly
the-cosi of vrhkl xs used
to providers. k
on th es ware foota` e of
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- embers elect a gov ..
the floor;. lan selected from'-
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ernin board to oversee -
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amongnine available plans. `
the. coo erative. Members
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An average share costs'sig-
nificantly less than a com-
are also involved in the It's ea to relax in Cardinal Pointe's comfortable suer m
easy oo , with an abundance
Cardinal Pointe community of natural light streaming in.
parable condominium or
through committees dedicat-.. ..
_
townhouse. Cardin al Pointe
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ed to social events finance, Y�ti ar 3f
1
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members also , gain 2% lim-
,l_�-
All
marketing, interiors
g 4'A� ��}'"�'��i�JS'�as�yy,.
�Ju4t•e` �?L
iced equity annually, and
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and property upkeep.
if the move and sell their
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"'People can be as .active:
share, they are guaranteed
as they want" notes 14 -year x
the amount originally paid
member Mary Lessard.
plus limited equity earned.
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Community culture and:. _ 4
There are also additional
doll life are determined b
y y
tax benefits for cooperative
the members of Cardinal a,.d
members.
Pointe .with the support of r ti;
Alt
Why spend250 000
professional management - � , . ,
on a home when you can
.. "
�Qs�a
by Presbyterian Homes & ��..e.�k
spend a fraction of that?"
Services. if they need or Cardinal Pointe members create multiple opportunities to socialize by hosting a
asks Jack Gibbons, a mem-
choose a different level of variety of activities and social events.
ber of Cardinal Pointe of
care, members also have
Maplewood.
priority access to the liv-d
,�
Each home features a
-ing options and services•
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full kitchen that includes
of Presbyterian Homes' 32
"
a range, refrigerator, dish-
metro -area communities.
.�
washer, microwave and gar-
Housing Director, Betsy
v
bage disposal.. Comfortable
Erlien is eager to help you
n '
one and two bedroom
Ian the next chapter in
floor plans feature walk-in
your life. Call her today at
closets, washer and dryer.
651-748-9902 for more infor-
and balconies or patios.
nation and to schedule a
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Community -wide ameni--
personal tour.
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include a communit v
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y
room; private dining room,
sunroom, guest room Suite,
Cardinal Pointe residents don't need to venture out to find a well-equipped well-
ness center - they'll find
plenty of machines in the cooperative's exercise room.
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