The Cost of Our Entry Fee Retirement Community in Latham, NY

Your Ticket to Worry-Free Living

At Shaker Pointe, we believe your retirement years should be filled with ease, opportunity, and peace of mind. That’s why we offer a refundable entrance fee financial model. This resident-centered approach gives you access to a vibrant, maintenance-free lifestyle while preserving your long-term financial security.

What Is a Refundable Entrance Fee?

A refundable entrance fee is an upfront payment made when you move into our community. This one-time investment secures your apartment home and guarantees access to the services, amenities, and security that make Shaker Pointe exceptional.

Unlike traditional rental models, this model allows you to convert your home equity or savings into an asset that can be refunded to you if you leave the community, or to your estate if you remain here for life.

Why Choose an Entrance Fee Model?

As a nonprofit community sponsored by the Sisters of St. Joseph, our financial model allows us to reinvest in quality services and long-term stability for residents. The entrance fee model offers:

  • Preserves Your Assets: Depending on the refundability option you choose, up to 90% of your entrance fee is returned when you leave the community or to your estate.
  • Eliminates Financial Surprises: With a predictable monthly service fee and no unexpected maintenance costs, your budget stays intact.
  • Living with Purpose: Enjoy beautifully designed residence, social opportunities, wellness programs, and the security of a long-term plan.

Your Refund Options

Shaker Pointe offers several entrance fee options so you can find the best financial fit. Entrance fees vary based on apartment size, layout, and location.

90% Refundable

Most Popular
Preserves the greatest portion of your assets for your estate or future care needs. Starting at $268,566

50% Refundable

Balances upfront investment with a moderate refund. Starting at $213,068

0% Refundable

Lowest upfront cost, amortized over four years. Ideal for those who prefer lower initial payments. Starting at $147,723

Inclusive Monthly Service Fee

After the entrance fee is paid, residents enjoy the convenience of a single inclusive monthly service fee covering everything needed to live comfortably and confidently at Shaker Pointe.

This monthly fee includes a wide range of independent living services and amenities designed to simplify daily life and support overall well-being. From utilities like phone, cable, internet, water, gas, and electricity, to insurance, home maintenance, housekeeping, and transportation, it’s all bundled into one easy payment.

The monthly fee also gives residents access to enriching programs and experiences such as educational lectures, fitness classes, and special events, all thoughtfully curated to enhance your lifestyle.

Monthly service fees start at $2,730 per month and vary depending on the unit type, size, and location.

Is there risk involved?

With the solid backing of the Sisters of St. Joseph and the oversight of the State of New York’s Attorney General’s Office, our residents enjoy peace of mind knowing their assets are in good hands!

 

Wouldn’t it be cheaper to stay in my home?

Owning a home harbors many hidden costs (monetary and otherwise) that may take a toll on your well-being as you age. At Shaker Pointe, there are no financial surprises. A fixed monthly fee means no unforeseen maintenance expenses, property taxes, or utility bills. You may find that it is surprisingly affordable to live in an independent living retirement community. There is nowhere better to invest than in your own well-being.

Not sure if an entrance fee model is right for you?

In addition to our entrance fee residences, Shaker Pointe also offers a selection of rental apartments at Parkland at Shaker Pointe, a flexible option for those who prefer a more traditional lease structure while still enjoying access to our community’s amenities and lifestyle.

Come Enjoy
The Lifestyle at Shaker Pointe

We are dedicated to helping you maintain your independence and to enhance the quality of your life, particularly in this exciting next phase of your life’s journey!

Our goal is to create an environment where you can live fully and freely, without the burden of everyday chores. Let us take care of the details, while you concentrate on enjoying a vibrant and active lifestyle.

This field is for validation purposes and should be left unchanged.
Name(Required)
I am a....