Jennifer Woodsum or Maureen O'Hagan

978-456-8388

978-456-8986

711

Lakeview Estates is a new 100-unit subdivision located off Silver Lake Road in Bellingham.  Twenty-five two, three or four-bedroom homes will be available to eligible first-time homebuyers by lottery.  The units will be distributed by three lotteries.  This application is for the third lottery offering the final 10 homes:  six of the homes will be three bedrooms and four of the homes will be two bedrooms.

 

The two-bedroom homes offer 1 bath in +/- 910 sq. ft. of living space.  The three-bedroom homes include 1 ½ baths in +/- 1,444 – 1,735 sq. ft. of living space.  Each unit includes refrigerator, stove/oven, microwave, and washer and dryer hookups.  The 2021 tax rate is $14.41 per thousand.  The monthly HOA fee is $43.  The individual homeowners are responsible for home repairs, landscaping and snow removal, insurance etc.

Includes ownership units

No

1 - $70,750; 2 - $80,850; 3 - $90,950; 4 - $101,050; 5 - $109,150; 6 - $117,250

$75,000

Lottery

All applicants must include a mortgage pre-approval letter, from an institutional lender familiar with affordable deed restrictions, and complete financial documentation with the application. An application will be considered incomplete and will not be included in the lottery if a mortgage pre-approval letter and all financial documentation is not received on or before the application deadline. Applicants who submitted an incomplete application will be notified after the application deadline and will NOT be included in the lottery.