Permanently Affordable 1-bedroom condo

Andover MA

24 April, 2021

1:17 PM

Description

Looking for a living space in a small, local condominium?  This permanently affordable, 1-­bedroom, 1-bath apartment is located at 174 Haverhill St. and is listed at $150,700. It is a permanently affordable residence in Coachman's Ridge and is available to those that qualify under specific income and asset guidelines. The monthly condo fee for the listed home is $209. Coachmans’ Ridge is located off Rt. 133, across from the YMCA and adjacent to Rt. 114. Applicant qualifications require that a one-­person household not exceed a $55,950 annual income; two-­person household limit is $63,950. There is an asset limit of $75,000 and a first­-time homeowner with mortgage pre-­approval is preferred. The condo features ground floor living with 860 sq. ft., central air, in-unit laundry, designated parking. The home includes a range, refrigerator, washer and is available immediately. “ACT is very involved with supporting affordable housing in Andover,” Johnson said. “In this case ACT is handling the resale so that we can reach out to more folks looking for affordable homes in Andover and make sure that the affordable units Andover has remain affordable.” Other 1-BR units in town now on the market range from $275,000-$375,000. Anyone interested in purchasing this home should deliver a completed application to Andover Community Trust. Applications are available at or by contacting Andover Community Trust, Inc. 2 Dundee Park, suite B02A, Andover, MA 01810; calling 978-­276-­9228; emailing [email protected] or going to https://www.AndoverCLT.org . Andover Community Trust is a longtime supporter of more affordable housing in Andover where the average house is listed for over $600,000.