Affordable Homeownership Opportunity at Wellesley Hollow 55+

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.

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.