1 & 2 Bedroom Affordable Units-Wellington Woods-Medford, MA
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Please note: The Information Session has been rescheduled to Thursday July 30, 7 pm. VIA ZOOM, MTG ID 349 719 7633
We apologize for this inconvenience.
Affordable Homeownership Opportunities, Wellington Woods condominium development in Medford, MA, is being offered via lottery
The key milestones for this housing opportunity:
- Application Period opens: Wednesday, June 24, 2020
- Information Session: RESCHEDULED Thursday, July 30, 2020 7 pm, VIA ZOOM, MTG ID 349 719 7633
- Application Deadline: Monday, August 31, 2020 1 pm.
- Lottery: Wednesday, September 9, 2020 11 am. VIA ZOOM.
Project description
WELLINGTON WOODS is a private, picturesque residential development of two hundred luxury condominiums in 6 buildings approved by the Medford Zoning Board in 2015, with 20 affordable restricted unit, 10 sold as affordable 1BR and 10 as 2BR.
The six buildings will be developed in phases and it is anticipated that there will be two lotteries, with each lottery to address units available for purchase in 12 – 18 months following the lottery. The dates are subject to change based on building and market conditions. The units offered in lottery 1 are expected to be complete through the Fall of 2020 and the units in lottery 2 complete through the Summer of 2021.
The 6.4 acre lot in this convenient residential area in Medford will house six residential buildings and a complete Recreation Center where owners have use of the outdoor in-ground pool with covered patio, sports court, fitness center, and many other function rooms.
The units have living room, dining room, kitchen, open study, and in-unit stacked laundry area, with wither 1BR and 1bath, or 2BR and 2bath. All units will have exclusive use to certain parking (similar to deeded parking) but it is subject to being transferred if required due to HP necessities. The kitchen has ceramic tile floor, Stainless Steel Appliances (Gas Range, Dishwasher, Microwave, Refrigerator, Sink, PullâDown Faucet, and Garbage disposal), granite countertops with matching 4″ granite backsplash and an underâmount double bowl stainless steel sink as well as softâclose 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 wallâboarded with light.
The monthly Condominium fee ($130 for the 1BR and $160 for the 2BR) 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 Medfordâs 2019 tax rate of $9.60 or $199 per month (1BR) or $216 per month (2BR).
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
housing@sudbury.ma.us
Mailing location:
Sudbury Housing Trust
278 Old Sudbury Rd
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.
FLYER INFORMATION – Wellington Woods, Medford
APPLICATION INFORMATION – Wellington Woods, Medford
INFORMATION SESSION PRESENTATION July 2020 – Wellington Woods, Medford