Question 1

Will there be parking?

Accepted Answer

Yes. Each unit will come with two designated parking spaces. There is 43’ of open space for parking for each unit.

Question 2

Will rentals be allowed?

Accepted Answer

Rentals are allowed; however, according to the Town of Morehead City, rentals must be kept at a week or more. Weekend rentals are not permitted.

Question 3

What are Promise Land Cottages' annual HOA dues? What does it cover?

Accepted Answer

HOA: $650/quarter (managed by Morgan Ballou of Chambers Coastal Realty)
 
HOA includes:
Master insurance policy including all units
Property taxes on common areas
Casualty/liability insurance on common areas
Management fees
Landscaping maintenance
Exterior building maintenance
Pest treatment/extermination 
Legal/accounting
Parking area maintenance
Common areas maintenance 
Brick privacy wall maintenance 
Property/liability insurance (flood not required, interior contents not included)
 
*Any change less than 15% of the total will not be considered a material change to this offer to purchase.

Question 4

Is there a capital reserve fee?

Accepted Answer

Yes. $300 per unit.

Question 5

What is projected completion date?

Accepted Answer

Building #1: Approx. April 2021
Building #2: Approx. August 2021
 
*Completion dates dependent on builder supply. Typically, completion date is six months after the pad is poured.

Question 6

Will there be privacy from Arendell Street?

Accepted Answer

Yes! A brick barrier wall (in an oyster pearl brick) will run parallel to Arendell Street between Unit 1 and the road. It will be 70’ long, 6’ high and 4' thick. It will start 15’ from the 13th St side and go to 15’ from back alley. This wall will serve as a SIGNIFICANT buffer between Promise Land Cottages and the street.

Question 7

Will the front yard be fenced?

Accepted Answer

Yes! The front yard of each unit will be fully surrounded with a white picket fence. In addition, there will be a latched gate on each pergola/arbor entrance to leave open for free flow of guests or to close to ensure privacy and full enclosure. A great perk if you have playful kids or active dogs in tow!

Question 8

Will there be a back yard or patio area?

Accepted Answer

No, there will be two parking spaces per unit located in the back, along with a small entrance area. You will not be able to build any structure (i.e. patio, hot tub, etc.) in the back parking area.

Question 9

Who is the builder?

Accepted Answer

Sammy Ballou and his team at S.F. Ballou Construction Company are building the townhomes at Promise Land Cottages. Sammy has an extensive portfolio of residential and commercial buildings in Carteret County, including the new coastal cottages at the AB Circle, AB Surf Shop, Seaside Villas in Pine Knoll Shores, Cottages at Bay Ridge, and more. Sammy and his team have been dedicated to quality construction here on the coast for over 30 years.

Question 10

Can I see some more detailed floor plans?

Accepted Answer

Yes! Please see below. 
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Question 11

Are interior structures/contents covered by the master insurance? For example, if the carpet or drywall were to be damaged by wind-driven rain, is this something the master policy would cover?"

Accepted Answer

The policy will include wind driven rain coverage for the interests of the association which would include drywall and carpet. 
 
Likewise, the unit owner should purchase an HO6 policy that includes coverage for wind driven rain for their contents and any improvements they make inside the unit. 
 
Personal property is not covered.

Question 12

Are there options for upgrades to the interior finishes?

Accepted Answer

Each unit will be finished out the same. Finishes are outlined HERE.(undefined) If the buyer chooses to change anything, it will require a change order.

Question 13

Are buyers able to choose the interior paint color?

Accepted Answer

Each unit will have Sherwin Williams Gossamer Veil as their interior paint color. Should they choose to change it, the upgrade cost will be $250.00. In addition, should they choose more than one color, each color will be an additional $250.00.

Question 14

What will buyers put down when they go under contract?

Accepted Answer

$5,000 earnest money deposit at the time of contract, refundable for any reason or no reason until the end of the due diligence period, which will be 30 days following the contract date. At the end of due diligence, an additional $10,000 earnest money will be collected and held in a trust account until the time of closing.

Question 15

Will there be additional storage for beach supplies outside?

Accepted Answer

Yes! There will be a storage closet next to the back entrance to store sandy chairs, boogie boards, towels, beach toys and anything else you'd like to keep outside!

FAQs

Make Promise Land Cottages your home.

Contact MCKRE today for more information!