2-bedroom affordable condo in Medford – First-Come, First-Serve
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Affordable 2-bedroom condo available in Medford for $281,600.
This unit is being offered on a First-come First-served basis – the first eligible applicant who submits a complete application is able to proceed to purchase.
Please see Flyer and Application for more details.
Project Description
WELLINGTON WOODS is a private, picturesque residential development of two hundred luxury condominiums in 6 buildings that have been constructed in phases, and there have already been two lotteries for the affordable units. There is one 2-bedroom unit remaining in Building E, and no additional 2-bedroom households on the lottery list, so unit E-102 is being offered on a first-come, first-serve basis.
This unit has a living room, dining room, kitchen, and in-unit stacked laundry area, and two full bathrooms. The kitchen has ceramic tile floor, Stainless Steel Appliances (Gas Range, Dishwasher, Microwave, Refrigerator, Sink, Pull‐Down Faucet, and Garbage disposal), granite countertops with matching 4″ granite backsplash and an under‐mount double bowl stainless steel sink as well as soft‐close drawers throughout. The bath has ceramic tile floor and tub surround, and granite vanity top. There is gas heat and central air conditioning. All Units have separate and private deeded storage areas in the lower level of their building. Storage areas will be unfinished, but will be wall‐boarded.
The monthly Condominium fee is $216 and represents a proportional share of the total condominium expenses covering landscaping and snow removal, taxes, insurance and contribution to reserve. The homeowner will also pay monthly real estate taxes using Medford’s 2023 tax rate of $8.65 or $203 per month.
The purchase price to an eligible buyer is $281,600 and it is priced for eligible buyers at or below 70% of the Area Median Income. Owners are required also to pay property taxes, and the current Medford tax rate is $8.65 per $1,000 of valuation or an estimated monthly amount of $203. The condominium fee is $216/month and represents a proportional share of the total condominium expenses covering landscaping and snow removal, taxes, insurance and contribution to reserve.
Please contact the agents listed below for any questions or to submit your application, either by hardcopy in the mail, dropped off at the address listed below or via email:
Lara Plaskson
Regional Housing Services Office
37 Knox Trail, Acton, MA 01720
978-287-1092; lara@rhsohousing.org
www.rhsohousing.org
