Reading Woods

75 Augustus Court, Unit 2005
Reading, MA 01867
United States

Price:
$273k
Bedrooms:
2
Accessible:
Yes

 

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fee:
$281
Year Built:
2014
Est. Annual Taxes:
$1,457.6

The development was constructed in phases between 2013 and 2017 and consists of 424 total condominium housing units, including 408 Garden Style units and 16 attached Townhouse style units. The development includes 43 affordable dwellings for qualifying applicants with incomes at or below 80% of the area median income, none of which are age-restricted. All units have been built and sold. The development consists of 13 buildings. Access to the development is via Jacob Way, which is directly off of Massachusetts State Route 28/Main Street in Reading. The unit for sale is in a four-story wood-frame elevator building with vinyl siding and a poured concrete foundation. The development has a number of common area amenities available for all owners to use, including a clubhouse and welcome center and a playground. The building is served by public water and sewer. Unassigned surface parking spaces are available to unit owners on a first-come, first-served basis. The development also has a garage; however, no garage spaces are included in the sale of this unit. Pets are permitted at Reading Woods.

The building that the unit for sale is located in was built in 2014 and has approximately 1,125 square feet of living area including 2 bedrooms, 2 full bathrooms, and a den. The primary bathroom has a shower stall and the second bathroom has a tub shower. It is on the second floor of an elevator building. The primary bedroom has a walk-in closet. The unit has an open concept kitchen with solid surface countertops and steel front appliances including a dishwasher. All appliances were replaced approximately 5-10 years ago. The unit has vinyl tile flooring in the bathroom that is original to the home. The vinyl plank flooring in both bathrooms, the living area, den, and kitchen were installed in 2019. The unit has a balcony. The unit also has central air conditioning and a laundry room with washer and dryer hookups. The heating source is gas. The stove, dishwasher, microwave, and refrigerator are included in the sale. 

 

Property Details

Unit Details

Basement:
No
Appliances:
Dishwasher
Garbage Disposal
Microwave
Refrigerator
Stove/Oven
Listing Garage Parking
Garage Parking:
There is no garage parking.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Gas
Air Conditioning:
Yes
Flooring Types:
The unit has vinyl tile flooring in the bathroom that is original to the home. The vinyl plank flooring in both bathrooms, the living area, den, and kitchen were installed in 2019.
Pets allowed:
Yes
 

Eligibility Information

Income limits:
One-person household: $92,650 Two-person household: $105,850 Three-person household: $119,100 Four-person household: $132,300 Five-person household: $142,900
Asset limits:
$75,000
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction
 
 

Application Information

Application Type:
Lottery
Application Deadline:
December 18, 2025
 
Application Process:
  1. Applications will be accepted until December 18, 2025, at 5:00 pm, after which time, if there are multiple qualified respondents, a lottery drawing will be held. The lottery drawing consists of a blind selection, from a randomizer with individual entries bearing applicant identification numbers. The order in which your number is drawn determines your ranking. If the unit has more than one-bedroom, the drawing order will be adjusted for an appropriately sized household after the lottery drawing.
  2. Information provided in this Application will be treated as confidential.
  3. Applications will be accepted from December 5- December 18 at 5:00 pm or until such time as the unit has an accepted offer to an affordable household.

  4. You must fill out the application document completely and provide it along with a pre-approval letter from a qualified lender to LDS Consulting Group, LLC. If you would like to upload your application safely and securely online, LDS will be happy to send you a link.

    If you are mailing your application the application needs to be in LDS’s Office on or before the date of the application period closing.  We strongly suggest you send your application either certified mail or priority with a tracking number. You will be able to track the package as it is taking longer for mail to be received. Mailed applications, received after the application period deadline will not be included in the lottery.

  5. If unsigned, or incomplete, your application will be rejected.
  6. If you have intentionally falsified information, your application will be rejected.
  7. Your household can only file one application, and no household member can appear on more than one application.
  8. Once an application has been submitted, it cannot be edited or changed.
  9. Applications will be reviewed as quickly as possible in the order in which they were received after the application deadline. You will be notified by e-mail of receipt of your application, - and your eligibility for the lottery. All applicants will be given a 48 hour appeal period if they think the finding is in error. No additional documentation will be accepted after the lottery application period closes.
  10. After you submit your application to LDS: Please begin collecting all documents on the Application Checklist below. Please have all documents ready by the date of the application deadline, located on the first page of the application.
  11. If you are the first randomly selected applicant, you will be contacted and required to submit all applicable documents on the Application Checklist within 24 hours.
    1. If all income and asset documents are received and you are eligible, you will be provided with the first opportunity to move forward with purchase. Other applications will be maintained on a waiting list.
    2. If a selected applicant does not submit all the required income and asset verification documents within 24 hours of being notified, LDS will move on to the next applicant in line from the lottery. There will be no extensions, so please have all documents ready.
  12. The submission of all necessary application material does not guarantee your approval for a home.
  13. Questions can be sent to: sshahbazi@ldsconsultinggroup.com or contact 781-943-3963
  14. Once a winner is chosen and approved, LDS will arrange a viewing of the unit and prepare an offer form. A $500 deposit will be collected at offer and $1,000 at the Purchase and Sale agreement.  The deposit will be credited to the buyer at closing. 
Application link https://ldscg.egnyte.com/dl/r8JB76p68jvD
Brochure Website: https://www.ldsconsultinggroup.com/lds-services/affordability-monitoring-agent/
Monitoring/Lottery Agent or Property Manager
LDS Consulting Group, LLC
Contact
Sara Shahbazi or Elizabeth Chaput
Phone
+1 781-943-3963