Affordable Homeownership Opportunity, 18 Pinewood Avenue, is being offered via lottery
The key milestones for this housing opportunity:
- Application Period Opens: Wednesday, June 24, 2020
- Application Deadline: Tuesday, July 14, 2020 at 12:00 PM
- Lottery: Wednesday, July 22, 2020 at 11:00 AM, via online meeting – details for joining meeting provided to eligible applicants via email
- Shown by Appointment after the Lottery:
The home at 18 Pinewood Avenue in Sudbury is a 3-bedroom home on 0.23 acres of land, within walking distance to Haskell Field for soccer, baseball, and rugby and close to the Fairbank Community Center housing the Atkinson Pool.
This 3-bedroom, 2 bath home contains 1,632 square feet of living space on two levels. This unit includes hardwood floors with a living room, dining room, kitchen, 2 bedrooms, and a full bath on the first floor. The master bedroom and bath are on the second floor. The home has been well maintained with new windows, new boiler, and gas heat. There is a deck and basement. The home is being sold with a washer/dryer, refrigerator, range/oven, and dishwasher included.
The purchase price to an eligible buyer is $254,663 and it is priced to make it affordable for eligible buyers at or below 80% of the Area Median Income. Owners are also required to pay property taxes, and the 2020 Sudbury tax rate is $15.36 per $1,000 of valuation or an estimated monthly amount of $291. This is not a condominium, and the owner is responsible for landscaping, snow removal, trash removal, water and sewer, and all other costs.
This property and all future sales of the 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 website at: https://sudbury.ma.us/HousingTrust/#news and can be sent to you upon request.
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 the agent below for any questions or to submit your application:
Lara Plaskon: (978) 639-3387
Sudbury Housing Trust
278 Old Sudbury Road
Sudbury, MA 01776
DROP OFF Location: Town Hall 322 Concord Road, Sudbury, MA 01776, drop box in the vestibule at the rear of building, open 24 hours, 7 days a week.