The 786 square foot unit costs $126,200, but because it is an affordable housing unit, purchasing the condo isn’t just a matter of writing a check. You have to qualify for the program, be preapproved for a mortgage, and you need to be selected from the pool of potential purchasers in the town’s lottery.
“The affordable housing lottery is underway for the first of three affordable units at Boynton Meadows,” wrote Fran Stanley, Groton’s Housing Coordinator, in an email. “Interested buyers have until July 10th to submit their applications to purchase. The builder is expecting to put the finishing touches on the one bedroom condo this Saturday when the carpet will be installed.”
Like to take a look at what’s been going on in the big gray house? No problem.
“I have scheduled some open houses starting with this Sunday, June 29, from noon to 2 p.m. Later dates and times will be Tuesday, July 1, from noon to 2 p.m. and then next Sunday, July 6, from noon to 2 p.m.,” Stanley wrote.
Boynton Meadows developer Bob France is building out the clusters of free-standing duplex and triplex buildings behind the Kilbridge house. Two more affordable condos are included in the planned new construction, a two-bedroom and a three-bedroom, Stanley said, but neither has been built yet.
To see the condo details, review the financial requirements to qualify as a potential purchaser of the condo, and enter the lottery, click here to download the town’s application and informatio packet. The deadline to sign up for the lottery is July 10.