Lalli Woods Condominiums, located in Concord, MA, is a residential development complex consisting of 8 condominium units of housing, 6 of which are deed restricted and affordable to low and moderate income households.
This affordable 2-bedroom, 1.5 bath unit is 6 years old and contains 1,500 square feet of living space on two levels. The unit is well designed with living room, dining area and kitchen, and half bath on the first floor, and the bedrooms and full bath on the second floor. Features include hardwood floors, granite countertops, and quality fixtures. The unit has a dedicated parking spot, and room for a visitor spot. The unit also has a basement and deck.
The purchase price is $156,096. Owners are also required to pay property taxes, and the 2017 Concord tax rate is $14.07 per $1,000 of valuation or an estimated monthly amount of $183. The condominium fee is estimated at $200 per month. The Condominium Association has rules and regulations for all owners that describe the operation of the condominium.
This property is part of the Massachusetts Local Initiative Program, and offered at a discounted rate. As such, this and all future sales of the property will be in accordance with those guidelines and Deed Rider to the unit. This property will be sold below the market price with deed restrictions which protect the property in perpetuity using resale price limitations.