1BR Affordable Condo in Danvers

The Residences at Rose Court

360 Andover St, #1106

Application deadline:  Thursday, September 25, 2025 at noon

Lottery:  Thursday, October 2, 2025 at noon

• $264,300
• Approx. 1,005 sq. ft.
• 1 bedroom with walk-in closet, 1 bathroom
• 1 assigned, uncovered parking space deeded with unit. Seller may have storage unit and additional uncovered parking space available for purchase.
• Condo fee: $193
• FY25 real estate tax is $10.99 per $1,000
• Gas heat, central air, appliances + washer/dryer
• Pets allowed; restrictions apply, association approval needed
• Accessibility: Elevator in building
• Development has fitness room, community room, garden, playground, gazebo
• This is a deed-restricted, affordable unit. Restrictions include that the unit must be occupied by owner as his/her primary residence; resale price is limited; and limitations on transfer following the death of owner.

MassHousing deed restriction:  Affordable Housing Deed Restriction

Information on Zoom at 7:00 p.m., Tuesday, September 16th to answer questions about the units and provide an overview of the application process.  Attendance is not mandatory.  Meeting ID: 848 8212 3972, Passcode: 785476.

Income limits:

• 1 person:  $92,650
• 2 persons:  $105,850
• 3 persons:  $119,100
• 4 persons:  $132,300

Household assets may not exceed $75,000.

Scroll down to read information package (important!) and apply online.  If you have trouble accessing the application or information package, please email stefanie@metrowestcd.org.

Click the download button to review the important information about this permanently deed-restricted unit before you submit an application. There are permanent rules regarding the future sale of this unit that you need to understand.

Click the apply button for the eligibility pre-application. All complete pre-applications must be submitted before the deadline to be included in the lottery. Mortgage pre-approval letter is required for pre-application to be considered complete. Applying for the lottery does not obligate you to purchase the home. Incomplete pre-applications will not be entered into the lottery.