113 Sumner St, Apt 23, East Boston $531,848

Sale Type: For Sale Beds: 3 Baths: 1.50 Ft²: 1,344 Lot Size: 1,344 Lot Acres: 0.03 Ref #: 73564416

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Category: Condominium

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City of Boston Inclusionary Development Unit / BPDA Income Restricted East Boston Waterfront 3 bedroom / 1.5 bath condo on the 2nd floor. Building is a 30 unit professionally managed elevator building, central AC, and close access to the Maverick Blue Line stop. Condo has in unit washer/dryer and a view overlooking Boston Harbor. Sale is subject to BPDA approval of buyer eligibility (2 member household up to $109,760, 3 member household up to $123,440, 4 member household up to $137,120, and 5 member household up to $148,160). Ask for income limits for larger households. Buyers must have under $75,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA / MOH. BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible!