44 Prince Street, North End/Boston (Built 2006)-One-Bedrooms

Development: 

Unit profile

1/25/17:  UNDER AGREEMENT.  NO MORE APPLICATIONS BEING TAKEN

 

FOR SALE IS AN AFFORDABLE, INCOME RESTRICTED, LARGE, LUXURY NORTH END 1 BED / 1 BATH CONDO FOR SALE, PRICED ONLY $269,738 (limited by Boston Redevelopment Authority).

NOTE: This is NOT a lottery, this unit is for sale to a qualified buyer whose offer is accepted by the sellers.  Full Application is attached to our development profile.

Built in 2006, this Rarely Found Luxury Condo is Priced Well Below Market Value to a Qualified New Owner (Market Value up to $800k so you can buy for 33% of fair market value, if you qualify)! 718 Sq Ft, 1 Bedroom / 1 Bathroom Condo in Professionally Managed, 54 Unit, 5 Floor Luxury Building with Concierge and Security in Gated Community in the Heart of the North End! 

Sale is subject to Boston Redevelopment Authority [BRA] approval of buyer's eligibility and intended for income eligible homebuyers and deed-restricted to ensure permanent affordability.  No buyer's agent necessary and buyer pays no fee to agent.

IMPORTANT - CAREFULLY READ ALL BRA REQUIREMENTS BELOW:

1. Income limit: Household income at or below 80% of area median income meaning 1 member HH can earn gross income up to $54,950 or 2 member HH up to $62,800.

2. Liquid assets of no more than $75,000 (not including retirement accounts or education savings).

3. MUST obtain mortgage pre-approval and financing (no private loans allowed). All applicants must be pre-approved for a mortgage. Recommended lender listed at bottom of ad. 

4. Buyer(s) MUST use condo as primary residence. Please inquire for other eligibility restrictions prior to showing. 

Luxurious, open floor plan with coffered ceilings includes kitchen with pass-through bar counter to dining area and living room, ideal for entertaining guests. Master Bedroom is generously sized with direct en-suite access to bathroom, which is also accessible by living area. Building has concierge, 24/7 security, locked and gated access to public streets, private community area. Washer/Dryer in unit. 

LINK TO ADDITIONAL PHOTOS AT ONEDRIVE: https://1drv.ms/a/s!Aso5i5UuHehRpGcaKkLBYGXYvOmL

Condo Fee ONLY $165 / mo. includes Heat, Air Conditioning, Hot Water, Gas, Water, Sewer, Master Insurance, Security, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Club Room.

Short walk from local restaurants, cafes, and shops and just steps to the Financial District, Waterfront, Greenway, and Faneuil Hall. Short walk to North Station, Haymarket, and South Station. Vehicles have excellent access to Interstate 93, Storrow Drive and the Mass Turnpike. Building is proudly pet friendly!

City of Boston Property Tax estimate FY 2017 $2,296.01 is based upon published rate. 

Not all banks, credit unions, mortgage lenders can write loans for this type of units. If you need a pre-approval, we highly recommend Jennifer Brennan from Fairway Mortgage. These kind of loans require special conditions and Jen is not only familiar with the preconditions but she is also high integrity, kind, hard working, and has competitive rates! Jennifer can be reached at 781-258-5150. 

Number of Bedrooms: 

One

Accessibility Status: 

Has Barriers/ Stairs

Affordability Level: 

Low

Rent/Price (No dollar signs. Leave empty for income-based units): 

$269,738

Subsidized?: 

No

Funding Assistance Type (required when unit type is subsidized): 

Number of Available Units: 

1

First Available Date (Required when there are available units): 

Wednesday, January 11, 2017

Waitlist Notes: