360 Newbury St, Apt 402, Back Bay $549,900

Sale Type: For Sale Beds: 1 Baths: 1.00 Ft²: 705 Lot Size: 705 Lot Acres: 0.02 Ref #: 73484336

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Category: Condominium

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City of Boston Inclusionary Development Unit / BPDA Income-Restricted Back Bay 1-bedroom, 1-bath condo on the fourth floor at 360 Newbury Street. Professionally managed 44-unit two elevator building. Condo includes wood floors, washer/dryer, floor-to-ceiling windows, central air, is pet-friendly, and at a concierge building . Enjoy this ideal location with shops and restaurants nearby. Subject to City approval of buyer eligibility (1-person household income between $120,000-$144,000; 2-person household between $137,200-$164,640 and 3-person household between $154,300 - $185,160). Ask for income limits for larger households. Buyers must have under $100,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be used as the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA. BPDA requires buyers to contribute at least 1.5% of the price from their own savings, unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible!