Lincoln, MA- Minuteman Commons, Age Restricted Unit

Published October 11, 2019 | Sudbury Housing Trust | Updated October 22, 2019 | Automatically Archived on 10/31/2019

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Affordable Age Restricted Unit for Purchase via Lottery

 

The key milestones for this housing opportunity:

  • Application Period opens: Thursday, October 10, 2019
  • Application Deadline:        Thursday, October 24, 2019, 1 pm
  • Lottery:                              Wednesday, October 30, 2019, 10 am, 141 Keyes Rd, Concord,                                                    1st Floor Conference Room

Project description

Minuteman Commons Condominiums at 82 Virginia Road in Lincoln, MA, is a warm and inviting 55+ Adult Community consisting of 32 beautiful, including 6 affordable units, located in Lincoln just minutes from Minuteman National Park. This professionally managed community, surround by nestled tranquil conservation land, also features a gazebo for garden style gatherings and an elevator in the building to the garage and plus a storage area. Also included are community and exercise rooms in the building for those who enjoy health and fitness as part of an active lifestyle. The building is also close to shopping, restaurants, and major highways for easy commutes.

The available unit has 2 bedrooms on a single floor and is fully accessible. The kitchen has granite counters and stainless appliances and is being sold with a washer and dryer. At least one member of the household must be 55+ years old.

Owners are required also to pay property taxes, and the 2019 Lincoln tax rate is $14.03 per $1,000 of valuation or an estimated monthly amount of $204. The condominium fee is estimated at $612.50 per month, and the Condominium Association has rules and regulations for all owners that describe the operation of the condominium.

The property is part of the Massachusetts Local Initiative Program, and offered at a discounted rate. As such, this and all future sales of the property will be in accordance with those guidelines and Deed Rider to the unit. This property will be sold below the market price with deed restrictions which protect the property in perpetuity using resale price limitations. 

We invite you to read this information and submit an application, with the supplemental information. This application can be downloaded from the RHSO website and can be sent to you upon request.

The Regional Housing Services Office (RHSO) will act as the resale lottery agent for these units on behalf of the Town of Lincoln. Please return the application to the RHSO at the address below and/or contact the RHSO with any questions.

 

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, submit evidence of such approval together with the application, and be ready to buy.

 

Please contact Lara Plaskon at the Regional Housing Services Office for any questions or to submit your application:

Lara Plaskon
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
(978) 287-1092
lara@rhsohousing.org

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