The Unit Is Located Just Off Pleasant Street, in Watertown. It Is Within Walking Distance

â  1 bedroom – 1 bath
â  722 square feet
â  Great location / â  Off-street parking and extra storage
â  Energy efficient
â  Balcony

The unit is located just off Pleasant Street, in Watertown. It is within walking distance of shopping, banking, public transportation, as well as the Charles River Greenway.

This condo has a low sales price in order to provide a homeownership opportunity for households that are otherwise priced out of the market.
The condo is deed restricted to ensure permanent affordability.
/ An eligible buyer cannot have owned a home in the last three years and his/her household cannot earn more than these gross annual incomes:
1-person household: $47,450
2-person household: $54,200
3-person household: $61,000
4-person household: $67,750

OPEN HOUSE: October 19, 2014, 2-4 PM

APPLICATION DEADLINE: November 7, 2014

Facts and Figures

Fact Sheet

5 Repton Circle 5308

Square Footage: 720 (approximately)

Year Built: 2007

Rooms 3

Bedrooms, Bathrooms: 1 bedroom, 1 bath

Parking: 1 parking space for exclusive use

Laundry: In unit hookups

Other Features: Central air conditioning

Oversized Hot Water Heater

Gas heat/hot water

Additional storage

Sales Price: $157,560

Down payment: $7,878 (assumes 5% down payment)

Monthly taxes: $83 (subject to local tax rate changes)

Monthly condo fee: $134

Monthly homeowners insurance: $74 (estimate)

Estimated Total Monthly Payment: $1,050

Frequently Asked Questions

Why is the price so low?

This condo is meant to help a low- or moderate-income household become homeowners. The price is set at a level that these households can afford. In return for the low price, a deed restriction is placed on the condo to make sure it stays affordable over time.

If I sell the unit in the future, will I earn a profit?

The deed restriction limits the amount of profit you can make on this unit. You should not expect to make much of a profit when you sell in the future. You will, however, gain the equity that you have built by paying down your mortgage over time. For information on the deed restrictions, go to the Department of Housing and Community Development website: http://www.mass.gov/hed/docs/dhcd/hd/lip/lipdeedrider.pdf.

What does the condo fee include?

Water/sewer, master insurance, snow removal, landscaping

Are pets allowed?

Yes

Pictures? Please see the fact sheet available on our website:

http://metrowestcd.org/housing-services/information-for-home-buyers-owners/units-for-sale/

Additional photos