1151 Walnut Street Condominium

1151 Walnut Street
Newton, MA 02461
United States

Price:
$227—361k
Bedrooms:
1—2
Accessible:
Yes
Accessible:
Yes

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fees
208-267
Year Built:
2026

Located at 1151 Walnut Street in Newton, 1151 Walnut Street Condominium is a new construction 25-unit, condominium ownership building. Five (5) studio, one-and two-bedroom condominiums will be available, by lottery, for eligible first-time homebuyers at 80% and 110% AMI.  Three units, studio, one and two-bedroom units, are for households earning up to 80% AMI and two 1-bedroom units are for households earning up to 110% AMI.  Each income restricted unit will be assigned one garage parking space at no cost.   All units will be handicapped visitable. Pets are allowed, per policy.  The project has access to transportation with a bus route on Walnut Street and is located across from the Newton Highlands commuter rail station. Water and sewer are included in the monthly condo fee. 

Property Details

Unit Details

Basement:
No
Appliances:
Microwave
Refrigerator
Stove/Oven
Washer/Dryer
Listing Garage Parking
Garage Parking:
There is no garage parking.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Electric
Air Conditioning:
Yes
Pets allowed:
Yes

Eligibility Information

Income limits:
80%: 1—$92,650 2—$105,850 3—$119,100 4—$132,300 110%: 1- $123,893 2- $141,592
Asset limits:
$75,000 for 80% AMI units and $150,000 for units at 110% AMI
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction

Application Information

Application Type:
Lottery
Application Deadline:
April 17, 2026
 
Application Process:

Due to the nature of affordable homes availability, it is important for everyone to understand the procedure.   Please understand the allowable income guidelines are adjusted based upon your household size.  Also be advised that the program and its requirements are subject to changes in local, state or federal regulations.   Lottery Pools Five studio, one and two-bedroom condominiums are available by lottery at 1151 Walnut Street Condominium in Newton. The units will be distributed through the Local Preference and Open Pool.   

Each eligible applicant will receive a confirmation email, prior to the lottery.  The lottery will be conducted electronically and will not be conducted through Zoom. Applicants in the Local Preference Pool would have two opportunities for a unit by also being included in the Open Pool.               All eligible applicants will be pulled electronically at the time of the lottery.  Post lottery the ranking lists will be broken out by Local Pool and Open Pool.  This will establish the lottery rankings for the distribution of units.  If you have the initial opportunity to purchase you will then upload your financial documentation online or provide by email, fax or mail within one week of notification.  Unit distribution will be based on the lottery pool and will go to the highest ranked applicants meeting appropriate household size in either the Local Preference or Open Pool who uploads or submits their financial documentation on or before the designated deadline and is determined program eligible.  For example, we fill the Local Preference Pool one-bedroom unit, the highest ranked household in the Local Pool that meets the Household Size Preference (see Page 5) for a one-bedroom unit and determined program eligible will be offered the one bedroom unit first.  This process will be identical for both the Local Preference Pool and Open Pool and will be used for all unit sizes until all units are sold or until the lottery list is exhausted.    Please note: Household size preference will override local preference.  This means if we exhaust the applicants in the local pool that require one-bedroom units we will move to the open pool for households requiring one bedrooms. Household size shall not exceed, nor may the maximum allowable household size be more restrictive than State Sanitary Code requirements for occupancy of a unit (See 105 CMR 400).  Applicants will not be approved for units larger than their household size allows.  The one-bedroom Handicap accessible unit will be distributed by the following preferences:  1. To households that include a family member needing the features of the unit and having preference under one or more of the Local Preference Criteria as listed on page 14 of this package 2. To households that include a family member needing the features of the unit but that do not meet the Local Preference Criteria as listed on page 14 of this package. 3. To households meeting the Local Preference Criteria as listed on page 13 of this package.  Post lottery all eligible applicants will receive a copy of the lottery list, as drawn, and the list broken down by bedroom size, AMI and lottery pool which will provide the purchase order of units. Program eligibility will be determined post-lottery, in Phase 2.  Those with the initial opportunity to purchase will have a defined time frame to provide ALL the required financial documentation.  If you do not submit all documentation on or before the deadline we will move to the next applicant on the list.  Once you are determined program eligible arrangements will be made for applicants to view the units. 

Monitoring/Lottery Agent or Property Manager
MCO Housing Services
Contact
Sarah or Jennifer or Laura