Affordable Homeownership Opportunity at Wellesley Hollow 55+

$291,500
Description

2-Bedroom, 2-Bathroom Unit

Unit - Wellesley MA

Application deadline 5:00 p.m., Thursday, December 29, 2022

Info session on Zoom Thursday, December 22, 2022, at 7:00 p.m..  Please email stefanie@metrowestcd.org for link.

2-bedroom, 2-bathroom condo for sale at Wellesley Hollow – $291,500

12 Russell Rd #105, Wellesley

  • Monthly condo fee: $174
  • FY22 tax rate $11.68 per $1,000
  • Approximately 1022 sq. ft.
  • 1 assigned parking spot
  • Patio
  • Gas heat, central air, refrigerator, dishwasher, microwave, washer and dryer
  • Pets allowed, with restrictions
  • Fitness center
  • Off Rt. 9
  • 1 permanent resident must be age 55 or older
  • Residents under the age of 21 not permitted unless they are the children of the age-qualified resident

Income restrictions apply (80% Area Median Income):

  • 1 person:  $78,300
  • 2 persons:  $89,500
  • 3 persons:  $100,700
  • 4 persons:  $111,850

Household assets may not exceed $150,000

This home is subject to deed restrictions to maintain affordability. A sample deed rider is below.

Affordable Housing Deed Restriction

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

Before You Apply

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.

Property Features
  • Unit

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We will be happy to answer your questions.