Affordable Unit- New Construction, Fields at Sherborn, One 3BR Unit
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New Construction – One 3 Bedroom Unit being offered on a First Come, First Served Process.
Affordable homeownership opportunity at 247A Washington Street in the Fields at Sherborn condominium development in Sherborn, MA.
This deed restricted unit will be sold on a First-come First-Served basis. This unit is available now – the first eligible household who submits a complete application and whose household will fill all three bedrooms will have the opportunity to purchase this unit.
This application is a first step in the 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.
Project description
The Fields at Sherborn development was approved by the Sherborn Zoning Board of Appeals (ZBA) on June 26, 2018. The project is located at 247A Washington Street in the Town of Sherborn, Massachusetts. The site is 17.55 acres, and the project consists of nine buildings that will contain 32 units, of which eight will be affordable. This unit has two floors of living space – living room, dining, and kitchen on the first floor and bedrooms upstairs. The unit has hardwood floors on the first floor and carpet upstairs. All units have a deck or porch, garage, and central air conditioning.
The monthly Condominium fee for this unit is $141/month. The fee represents a proportional share of the total condominium expenses covering landscaping and snow removal, taxes, insurance and contribution to reserve based on the square footage of the unit. The homeowner will also pay monthly real estate taxes using Sherborn’s 2020 tax rate of $19.46. The affordable units are permitted under a Comprehensive Permit and will be monitored in accordance with Chapter 40B guidelines under the New England Fund (“NEF”) program. Sale prices of NEF units
are set so that a household earning 70% of area median income would not expend more than 30% of income for housing.
Please contact the agent below for any questions:
Lara Plaskon
Regional Housing Services Office 37 Knox Trail, Acton, MA 01720
(978) 639-3387
housing@sudbury.ma.us
Please submit your application to:
Lara Plaskon
Regional Housing Services Office 37 Knox Trail
Acton, MA 01720
Fields at Sherborn Application