Fees & Refunds at Elim Park Place
offers a choice of
residency plans, including 50% and 90% or a 0%, declining refund entrance fee
option. Our current entrance fee plans start at a minimum of $146,740 dollars
and will vary in price based on size of the apartment home, refund plan and
location. We strive to offer and provide many financial options. Our
professional staff will help you determine which option is right for you. We
have 7 residential buildings and more than 50 floor plans to choose from. Ask
About our Winter Incentives, available on select apartment homes for a limited
time! Call today 203.272.7550 x156!
pay an entrance fee and a monthly fee to live
an active lifestyle within the apartment home and community. All residents are
guaranteed a home for their lifetime. Here at
we believe that you’ll also find our
health care arrangements offer a practical value. Residents pay at the time of
service for any health care services they need and receive. Our financial
program is referred to as Fee for Service and
therefore residents are not charged in advance for health care as they may never
Please call our Information and Marketing Office today to request a brochure with floor plans, pricing and amenities. Please call 203.272.7550.
There are two fees which residents of Elim Park Place pay:
Billed to each resident in advance of every month, which includes Services & Amenities, and operating costs. (Please see Services & Amenities sheet to see what is included)
A one-time lump sum, which covers lifetime use of the residential apartment, our 40 acre campus, and priority access to our Healthcare Center.
You can choose from 1 of 3 options:
- Option # 1 - Declining Refund (0% Refund)
Original Entrance Fee paid, less ten percent (10%) of the Entrance Fee deducted at move-in and two percent (2%) of Entrance Fee for each calendar month or part thereof that the Residential Apartment is occupied. After a period of 45 months your refund will decline to a zero dollar balance, therefore there is no return of capitol any time after 45 months.
- Option #2 - 50% Refund
This option offers a return of capital to the resident or their estate. The refund is fixed to 50% of the entrance fee. It is refundable to the resident upon vacancy or to the resident’s estate.
- Option #3 - 90% Refund
This option offers a return of capital to the resident or their estate. The refund is fixed to 90% of the entrance fee. It is refundable to the resident upon vacancy or to the resident’s estate.
Please call to learn about pricing and affordability.