71 Bow Street

65-71 BOW STREET
Somerville, MA 02143
United States

Price:
$229—336k
Bedrooms:
1—2
Accessible:
No

 

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fees
134-197
Condo Fee:
$0
Year Built:
2024

Experience Somerville living at 71 Bow Street! You'll find this community in the Prospect Hill area of Somerville. 71 Bow Street is a mixed-income development consisting of 24 condominium units. 4 units will be designated as income-restricted or “affordable” and sold to households earning at or below 80% AMI or 110% AMI (Area Median Income).

 

Property Details

Amenities:

  • Elevator
  • On-Site Parking
  • Bike Storage
  • Mail Room
  • Lobby
  • Common Roof Deck
  • Solar Panels

Unit Details

Basement:
No
Appliances:
Dishwasher
Garbage Disposal
Microwave
Refrigerator
Stove/Oven
Washer/Dryer
Garage Parking:
There is no garage parking.
Off Street Parking:
There is no off street parking.
Heating type:
Gas
Electric
Air Conditioning:
Yes
Pets allowed:
Yes
Pet Restrictions:
2 pets allowed per unit. Breed restrictions apply.
 

Eligibility Information

Income limits:
80%, 81% (Minimum) - 110% (Maximum)
Asset limits:
$75,000
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction
 
 

Application Information

Application Type:
Lottery
Application Deadline:
May 15, 2024
 
Application Process:

When is the lottery? The lottery date will not be scheduled until after the application deadline. The lottery is scheduled and the lottery date is typically held 4-5 weeks after the application deadline. All applicants will receive notification of the date, time, and location of the lottery, as well as their application number. The lottery will be open to the public.

Do I have to attend the lottery? No. All applicants will be notified of their lottery number after the lottery.

When will I be contacted? We will begin contacting only the top applicants following the lottery drawing.

What is my Application Number and Lottery Number? We will mail a letter to all Applicants entered in the Lottery Drawing providing their unique application Number. We will mail out a second notification letter after the lottery has taken place. The lottery number is assigned by the person who conducts the Lottery Drawing. Per the Fair Housing Commission guidelines, applications will be sorted by bedroom size and income level, then for preferences, followed by the lottery number. An Applicant’s “rank position” is determined by a combination of all the sorting factor.

Application link https://maloneyproperties.jotform.com/240806778581972
Brochure Website: https://www.maloneyaffordable.com/condominiums/71-bow-street/
Monitoring/Lottery Agent or Property Manager
Maloney Properties
Contact
Maloney Properties
Phone
+1 617-639-3064

42.381048, -71.097256