Affordable Homeownership Opportunity in Danvers

The Residences at Rose Court

360 Andover St, #2310

PRE-APPLICATION DEADLINE: 12:00 noon, Thursday, April 9, 2026

Lottery:  12:00 noon, Thursday, April 16, 2026

• $307,100
• Approx. 1,258 sq. ft.
• 2 bedrooms, 2 bathrooms
• 2 assigned, uncovered parking spaces deeded with unit.
• Condo fee: $247
• FY26 real estate tax is $10.69 per $1,000
• Gas heat, central air, stove/oven, dishwasher, garbage disposal
• NOTE: Washer/dryer and refrigerator for sale in separate transaction
• Pets allowed; restrictions apply, association approval needed
• Accessibility: Elevator in building, stairs to 2nd bedroom
• 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.

Correction:  Info package states that a bedroom and a bathroom are on the second floor – it is just a bedroom and both bathrooms are on first floor.

MassHousing deed restriction:  Affordable Housing Deed Restriction

A virtual Public Information Meeting will be held on https://www.zoom.com/  at 7:00 p.m on Tuesday, March 24th, to answer questions about the unit and provide an overview of the application process.  Attendance is not mandatory.

https://us02web.zoom.us/j/81150250669pwd=V2DyvVXD6BHfunjDnOaoGaPP81XABs.1

Meeting ID: 811 5025 0669, Passcode: 303104

Income limits:

• 1 person:  $92,650
• 2 persons:  $105,850
• 3 persons:  $119,100
• 4 persons:  $132,300
• 5 persons:  $142,900
• 6 persons:  $153,500

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.