We are selling an affordable house that we got through the Boston's 1st Time Home Buyers program.Whoever buys it from us has to agree to live in the house (you cannot rent it), and have to be income qualified (carefully verified by the City), earning no more than 80% of the area's mean income (see the table at the bottom of this listing for eligibility), but they do NOT have to be 1st time home buyers, nor do they have to be a current resident of Boston.
Details:
Price: $214,000
Single family (attached to neighbor's house on one side, townhouse/duplex fashion)
Location: Fort Hill, Roxbury, about 10-15 min walk form Jackson Sq., Dudley Sq., and Roxbury Crossing.
3 bedrooms, 2 of them BIG w/walk in closets
3 floors
1 and 1/2 baths
Full, unfinished basement that is clean and dry
Nice big yard, great plantings, lots of birds, 2 raised beds for growing vegetables
Gas heat, three zones, fully insulated
Dishwasher, laundry hook-ups, efficient refrigerator
Built in 2002, all systems in good shape
Alarm system
Driveway (long enough to park 3 or 4 cars), fenced yard.
Limited Equity Covenants on Deed: you cannot sell the house at a big profit, unless you live in it first for more than 50 years.You can sell for what you bought it for plus 5% a year, and only to another income qualified buyer.
Here's the income eligibility limits - from the City's web site.
HOUSEHOLD SIZEMaximum Income for Eligibility
1 Person$46,300
2 Persons$52,950
3 Persons$59,550
4 Persons$66,150
5 Persons$71,450
6 Persons$76,750
7 Persons$82,050
8 Persons$87,350
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