

LOCATION, LOCATION, LOCATION! NO MORE LEASED LAND!! In January 2025, the residents of Border Hill Mobile Home Park purchased the community, including the land underneath their homes. By purchasing their community, they've secured stability and affordability for generations while strengthening the growing movement of resident-owned communities in Rhode Island. In the Border Hill Mobile Home Park, a resident-owned community cooperative (ROC), the land is owned collectively by the entire community. The Cooperative Development Institute (CDI) and the homeowners association purchased the entirety of the 16-acre community.Ownership Structure: Each resident owns a single membership share in the overall cooperative corporate entity. What Each Share Represents: If divided purely mathematically across the park's 52 home sites, each share effectively represents a fractional interest of approximately 0.31 acres of the collective property. Instead of a traditional real estate deed for the dirt, your membership share guarantees you a perpetual lease on your specific lot, giving you complete stability without individual land lines.
| Year | Tax amount | |
|---|---|---|
| 2025 | USD $194 | NZD $340* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to Re/Max River's Edge
Property ID: 110108538834
Original Property ID: 3yd-SWMLSRI-1414442