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Bridgewater MA – 248 Center St – Condos

248 center st bridgewater ma

 

 

 

 

 

 

 

 

An integral part of the lottery package includes the Frequently Asked Questions section which must be read prior to the completing and submitting the application.

A private developer 248 Center Street LLC and officials of the Town of Bridgewater have collaborated to provide this affordable housing opportunity in Bridgewater. Center Street Condominiums are located at 248 Center Street in the town of Bridgewater, MA.

Bridgewater is a charming, residential, suburban community. Located approximately 25 miles south of Boston, the town is accessible by bus, commuter rail and highway at the junction of routes 24 and 495. Originally an industrial and agricultural center, the town of Bridgewater was chartered in 1656. Its historic character and unique landscaping are prominent throughout the community, particularly in the downtown central common area.

Today Bridgewater is a growing community of approximately 27,000 and serves as home to Bridgewater State University. Founded in 1840, as one of the first normal schools in America, BSU is a premier public university of the Commonwealth of Massachusetts. Offering a diversity of activities, Bridgewater maintains a caring, friendly, small-town, community atmosphere.

The development includes seven (7) townhouse units of ownership in two buildings.  One building will have five (5) townhouse units and the other building will be a duplex having two townhouse units. One affordable unit will be located in the duplex building and another affordable unit will be a middle unit located in the five unit building.  Onsite parking will have two (2) dedicated parking spaces for each unit.  This lottery will be for the (1) one remaining affordable unit within the duplex.

The duplex unit will have two (2) bedrooms with 1 ½ baths. The sales price for the affordable unit is $165,600.

It is estimated that the total monthly cost of your mortgage payment including Principal, Interest, Real Estate Taxes, Private Mortgage Insurance (PMI), Hazard Insurance and Condominium fees of $135/month will be approximately $1,305.

Your down payment can be 3% of which half 1.5% must be from the buyers own funds. There are some housing programs such as USDA in which the down payment may be as low as $0. You cannot rely on this estimated monthly cost amount, this is only an estimate.  Your actual mortgage payment may be different based on the actual interest rate and other factors.  You should verify your actual mortgage payment with your lender and/or accountant.

This monthly mortgage payment is pre-tax and does not include the tax advantage of home ownership.  To determine you net expense post tax you should consult with your accountant or tax advisor.

Application Process Closed