The Albion

16 Stearns Rd.
Wellesley, MA 02481
United States

Price:
$307—341k
Bedrooms:
2—3
Accessible:
Yes
Main Listing Image

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fees
141-155
Year Built:
2024
Est. Annual Taxes:
$3,700

The project consists of the redevelopment of a lot containing 44,578 square feet of land with a proposed four-story, 24 unit, multi-family residential housing project.  The proposed building includes a base story for parking and 3 residential floors above. Parking will include 34 garage spaces and 14 surface spaces.  Each residential floor will contain 8 condominium units:  seven 2-bedroom units and one 3-bedroom unit.  Six of the 24 units will be restricted to households earning less than 80% if the area median income, with 5 of those affordable units containing 2-bedrooms & 2 baths; and one unit containing 3-bedrooms & 2 baths with living areas ranging in size from 1,054 – 1,485 square feet.

The units will be deeded one underground parking space and will have electric heat and air conditioning, hardwood flooring and tile floors in the bathrooms.  Appliances include stove, refrigerator, dishwasher, microwave, washer and dryer.  Water and sewer utilities are included in the condo fee.  Interior finishes of the affordable units may differ from the market rate units.  See affordable building specifications.

Property Details

Unit Details

Basement:
No
Appliances:
Dishwasher
Microwave
Refrigerator
Stove/Oven
Washer/Dryer
Listing Garage Parking
Garage Parking:
Yes, there is 1 space available.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Electric
Air Conditioning:
Yes
Flooring Types:
Hardwood and tile.
Pets allowed:
Yes
Pet Restrictions:
2 domestic household pets; 80 lb. limit per pet.

Eligibility Information

Income limits:
1-person $92,650; 2-person $105,850; 3-person $119,100 4-person $132,300
Asset limits:
$75,000
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction

Application Information

Application Type:
Lottery
Application Deadline:
September 05, 2025
 
Application Process:

Applications will be available via email or USPS mail from, and must be returned to the Lottery Agent:  Kristen Costa, L.A. Associates, Inc., 5 Middlesex Ave., Unit 16, Wilmington, MA  01887. phone (978) 758-0197, fax (978) 658-7333   email: kriscosta@laassoc.com

TTY:  711, when asked 978-758-0197

Applications will also be available at:  Wellesley Town Hall, 525 Washington St., Select Board Office & Wellesley Free Library at 530 Washington St.

Application link http://www.laassoc.com
Application Documents:
Monitoring/Lottery Agent or Property Manager
L.A. Associates, Inc.
Contact
Kristen Costa
TTY