Cumberland Advantage

About the property

Built in 1976

204 townhouses on 33 acres

1 to 4 Bedrooms

From a one-bedroom single-story unit to a two-story four-bedroom units

Responsibilities.

Cumberland provides the advantages of homeownership without all the responsibilities.

Cooperative Housing

Cumberland provides you with comfortable, high–quality living at a reasonable cost.

Advantages Mount

The coop provides an RV storage lot, swimming pool, clubhouse, Basketball court, and 2 parks for use by its members.

Tax Deductions

For income tax purposes, a homeowner can deduct their share of the real estate taxes and mortgage interest paid by the cooperative.

No Land Lord

Members have no reason to substantially increase monthly charges, unless taxes or operating costs go up, so monthly charges remain reasonable.

A Non-Profit Business.

If there were any profits at the end of any year, they are put into the next year’s budget to keep the caring charges down.

Why Cumberland Is The Perfect Choice?

01.

Cooperative Is A Non-Profit Business.

If there were any profits at the end of any year, they are put into the following year’s budget to keep the caring charges down.

02.

Recreation

Cumberland Green provides all residents with recreational programs, two playgrounds, a basketball court, facilities, and open space that will enhance the quality of life of its residents.

03.

Pool & Clubhouse

The clubhouse is available for rental. swimming pool with a deck available for use by the members

04.

NO Personal Liability For The Mortgage

In a co-op, the member has NO personal liability for the mortgage, as it is in the corporation's name.

Complete List of Amenities and Features

Often referred to as a “co-op,” cooperative housing combines the financial advantages of homeownership with the convenience of community living. Designed to fit your changing lifestyle, one of the critical features is joint ownership of the property. A cooperative is a community of active adults who own an equity share-not just a unit-in the entire community through a not-for-profit Cooperative Corporation. Each equity share is an official Membership Certificate upon purchase.

The Cooperative Corporation holds title to the entire property, including dwelling units, land, and common areas. It assumes the mortgage, tax, and other obligations necessary to finance and operate the facility. A cooperative operates on a democratic basis, and the governing body is its Board of Directors, which consists of elected members from the co-op community. The Board oversees the policies, expenditures, and operations of the cooperative. Each equity share enables members to occupy one home and receive one vote while electing the Board.

A solid commitment to community, involvement, control, and great value are the significant differences between cooperatives and other housing types. The Cooperative’s long-term success is the control members experience with our democracy in action and fiscal responsibility. Additionally, participation by individual members toward group goals is what builds cooperative communities.

Probably the most significant difference between life in cooperatives and other housing options is the attitude of the members. The attitudes of our members reflect a sense of belonging that is reminiscent of the neighborhood where they lived and raised their families.

With all the financial benefits of home ownership-along with amenities, security, and comfort of a wonderful community in a fantastic location we hope you’ll make Cumberland your new home and start living the carefree lifestyle you want