The Fox Run development is a Planned Residential Development that will consist of five new houses on Hosmer Way (a new dead end road off Fox Run Road) and two new houses off the end of Buehler Road. The existing house at 614 Springs Road has been renovated and designated as an affordable housing unit under the Local Initiative Program.
This affordable, single-family home is 1,728 square feet with 4 bedrooms and 2 bathrooms on 0.63 acres. Recent updates include new windows, exterior door, bathrooms, 2nd floor laundry (w/ newer washer and dryer), kitchen, roof, electric, and open concept family/dining area. Enjoy the warmer months in the three season screened in porch, or lounge on the deck, both accessed from sliders.
The homeowner will pay monthly real estate taxes estimated at $308 using Bedford’s 2017 tax rate of $14.81. The affordable unit in this lottery will be offered at $257,800. In accordance with the program guidelines, the initial purchase price is established so that a household is not required to spend more than 30% of 70% Boston Area Median Income (AMI) monthly for housing costs. The total land area includes 1045sf in Billerica: the RE tax does not include approx. $1.41 per year to Billerica.