Affordable Unit At 18 Pinewood Ave, Sudbury, MA

From the Town of Sudbury:

June 25, 2020

Affordable Homeownership Opportunity, 18 Pinewood Ave, is being offered via lottery

The key milestones for this housing opportunity:

• Application Period opens: Wednesday, June 24, 2020
• Application Deadline: Tuesday, July 14, 2020, 12 pm
• Lottery: Wednesday, July 22, 2020, 11 am, via online meeting – details for joining meeting provided to eligible applicants via email
• Shown by Appointment after the lottery:

Project description

The home at 18 Pinewood Avenue in Sudbury is a 3- bedroom home on .23 acres of land, within walking distance to Haskell Field for soccer, baseball and rugby and close to the Fairbank Community Center housing the Atkinson pool.

This 3- bedroom 1 ½ bath home contains 1,632 square feet of living space on two levels. This unit includes hardwood floors with a living room, dining room, kitchen, with 2 bedrooms and full bath on the first floor. The master bedroom and bath are on the second floor. The home has been well maintained with new windows, new boiler, and gas heat. There is a deck and basement. The home is being sold with a washer/dryer, refrigerator, range/oven, and dishwasher included.

The purchase price to an eligible buyer is $254,663 and it is priced to make it affordable for eligible buyers at or below 80% of the Area Median Income. Owners are required also to pay property taxes, and the 2020 Sudbury tax rate is $15.36 per $1,000 of valuation or an estimated monthly amount of $291. This is not a condominium, and the owner is responsible for landscaping, snow removal, trash removal, water and sewer, and all other costs.

This property and all future sales of the property will be sold below the market price with deed restrictions which protect the property in perpetuity using resale price limitations.

We invite you to read this information and submit an application, with the supplemental information. This application can be downloaded from the website at: https://sudbury.ma.us/HousingTrust/#news and can be sent to you upon request.

This application is a first step in the lottery process and does not assure you a home. Applicants must secure approval for a mortgage loan, submit evidence of such approval together with the application, and be ready to buy.

Please contact the agent below for any questions or to submit your application:

Lara Plaskon: (978) 639-3387
housing@sudbury.ma.us

Mailing location:
Sudbury Housing Trust
278 Old Sudbury Rd
Sudbury, MA 01776

DROP OFF location: Town Hall 322 Concord Road, Sudbury, MA 01776, drop box in the vestibule at the rear of building, open 24 hours, 7 days a week.

FLYER INFORMATION – 18 Pinewood, Sudbury

APPLICATION INFORMATION – 18 Pinewood, Sudbury

This press release was produced by the Town of Sudbury. The views expressed here are the author’s own.