Affordable Housing Opportunities





Affordable Housing Opportunity

Property Address: 220 Spencer Ave, Unit G1 Chelsea, MA 02150 

List Price: $164,041

Layout: 1 room studio with open format kitchen, 1 bath

Condo Fee: $317 which includes water, sewer, master insurance, laundry facilities, elevator,
exterior maintenance, snow removal, refuse removal

Parking: no deeded parking, first come, first served to unassigned parking spaces, off-street
permit parking

Percent of Ownership: 4.20%

Amenities / Appliances: range, dishwasher, refrigerator

General Description of the Property: Unbelievable opportunity to purchase a corner unit in the
Keen Studio Lofts of the trendy Chelsea Loft District. Located in a renovated Tudor style brick
schoolhouse, the unit offers charming character with modern amenities including an
elevator. Open layout, high ceilings with exposed ductwork, stylish concrete floors, newer
kitchen with breakfast bar, central A/C, freshly painted. Convenient to transportation and
minutes to Boston! Equal Housing Opportunity. Affordable unit subject to HUD income
limits: 1 person household – $54,750; 2 person household – $62,550; 3 person household –
$70,350; 4 person household – $78,150; 5 person household – $84,450; 6 person household –
$90,700; 7 person household – $96,950; 8 person household – $103,200. Owner occupants
only. Subject to affordable housing covenant.

Heating/Cooling System: 1 forced air (gas), 1 central air

Internal sq. footage for condo: 939 Sq. Ft.

Assessment: $167,200      Taxes: $2,398      Year: 2017

Instructions to Show: Jen DeNisco 617 -388-4988 or Chris Ball 617-893-0470