Framingham, MA-Montage at Danforth Green-Phase 3 – For Sale

Published on Wednesday, 1/4/2017 8:52 am | by Sudbury Housing Trust | Updated on Friday, 3/24/2017 8:45 am | Automatically Archived on 3/25/2017

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Montage at Danforth Green – PHASE 3

1060 Old Connecticut Path, Framingham, MA 01701

4 Two-Bedroom Townhouse Units $183,400

1 Three-Bedroom Townhouse Unit $203,500

The key milestones for this housing opportunity:

Application Period opens January 9, 2017

  • Information Session February 16, 2017, 7 pm, Blumer Room, Memorial Building, 150 Concord St. Framingham
  • Application Deadline March 10, 2017, 1 pm
  • Lottery March 27, 2017, 7pm Blumer Room, Memorial Building, 150 Concord St. Framingham

This Application is a first step in the lottery process and does not assure you a home. Applicants must secure approval for a mortgage loan and submit evidence of such approval together with the application.

Please contact the agent below for any questions or to submit your Application:

Sudbury Housing Trust

278 Old Sudbury Rd

Sudbury, MA 01776

(978) 639-3387

webmaster@sudbury.ma.us

Project description

Danforth Green is part of a larger master planned residential community in the northeastern corner of the Town of Framingham on the Wayland Town line. The community will consist of 173 ownership units, governed by a condominium association, and 180 rental units, which were approved locally under a Planned Unit Development special permit. Approximately 100 acres of the site along the Sudbury River will be preserved as open space.

The development of the homeownership units at Danforth Green in Framingham, MA, will occur in three phases. This lottery is for the units to be built in Phase 3. This lottery will be used to select eligible households to purchase the 5 affordable units, which will be four 2-bedroom units and one 3-bedroom unit available in attached two-unit and three-unit townhouse structures.

The units are scheduled for occupancy in the spring, summer, and fall as planned below. Note that the units and schedule may change as market conditions change; the occupancy dates may revise and additional units may be added.

Unit Address Planned Occupancy
91 Oxbow, 99 Oxbow Spring 2017
19 Oxbow, 26 Oxbow (3 BR) Summer 2017
56 Oxbow Fall 2017

In accordance with the program guidelines, the initial purchase prices are established so that a household is not required to spend more than 30% of 70% Boston Area Median Income (AMI) monthly for housing costs.

The units will be available to income eligible first-time homebuyers, with some exceptions permitted under the program, as noted in this application.

These units will have most of the design features of the market units, with top of the line appliances, granite countertops, birch cabinets and wood flooring in the kitchen, dining area, and downstairs halls. The units offered have two floors of living area in approximately 1,850 square feet. The first floor has a family room, dining room, kitchen, and ½ bath, with a deck or patio off of the dining room, and a two-car garage. The kitchen comes with a refrigerator, stove/oven, dishwasher, microwave and disposal. The bedrooms are located on the second floor, as are a loft and two full baths, and laundry room. Closet space is generous. The units come with unfinished basements. All units will be provided with central air-conditioning and are on town water and sewer.

The Two-Bedroom units will have a Condominium Association fee of $115 per month, and the three-bedroom unit has a condominium fee of $130. In addition to mortgage principal, interest and Private Mortgage Insurance payments, homeowners should expect to pay monthly housing expenses of property taxes and condominium association fees. Property owners will be expected to pay property taxes of $17.38 per $1000 of purchase price, using 2016 tax rates, or approximately $266 per month.

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