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157 and 163 Chestnut Street Floor Plans and Prices.

By Jeffrey Bowen. 781-201-9488 info@chelsearealestate.com on September 8, 2022 • ( 0 )

Please be sure to visit http://www.157and163Chestnut.com

for more details. Please see financing information below. Please take a look at the floor plans and prices below and scroll down. Jeffrey Bowen.

Text Jeff 781-201-9488 for sales information. Email jeff info@chelsearealestate.com

157 and 163 Chestnut Street. The Chelsea Flats and the Chelsea Cathedral. “The Chelsea Flats” Here is a new construction building! There are 14 condos at 157 Chestnut and there are 16 rentals at 163 Chestnut. The kitchens includes GE S/S Profile appliances & Quartz counters. In-unit laundry, energy efficient A/C and heating. The bathrooms features custom tile.The building includes a video intercom system and an elevator. 1 Deeded parking space is included. Access to common roof deck and media room. Pet friendly building. OCCUPANCY Summer 2023!

157 “The Chelsea Flats” is a condo building and prices range from $549,000-$699,000.

163 Chestnut, “The Chelsea Cathedral” is a rental building and the prices range from $2,800-$3,400.

THERE ARE 6 LOTTERY UNITS and 24 Market Rate Units: http://www.157and163Chestnutlottery.com

Download the applications. Please get pre approved and make sure that your income, assets and employment have been verified. This will increase your chances to win the lottery.

https://www.leaderloancenter.com/loan-officers/roger-brasil/

Roger Brasil Is our Preferred Bank and Loan Officer at Leader Bank. They have many programs available.

All applications are due in by 10/01/22 There will be a lottery on 11/02/22. Low (80%) Income requirement Limits ($) 1 person/$78,300 -2 persons/$89,500 -3 persons /$100,700 -4 persons/ $111,850. No Showings until further notice as site is a construction zone.Please make sure to get pre approved and approved for a mortgage. BOA has 1 year rate lock available for new construction. Mass housing up to 50K grant, city of chelsea 10K and city of malden $7,500.

https://www.leaderloancenter.com/loan-officers/roger-brasil/

Home Buying Assistance Programs

First Time Homebuyer Down Payment Assistance Program

The City of Chelsea is offering Down Payment Assistance to income-eligible First Time Home Buyers. Income eligible applicants may seek up to 50% of their required down payment, up to $10,000 in funds. Applicants must have had no homeownership interest in a principal residence during the past 3 years OR be a displaced homemaker or single parent who has only owned a home with a former spouse while married. The program is open to households with an annual household income up to 80% of the Area Median Income. The First Time Home Buyer must be purchasing a condominium, townhome or single-family property in the City of Chelsea. The funding can be used for down payment assistance and customary closing costs. Learn more about this Program Details & Application.

Landed

Landed’s down payment program is designed to help essential professionals reach at least a 20% down payment. With the goal to help essential professionals avoid private mortgage insurance (PMI). Landed can contribute up to 15% of the purchase price (up to $120,000) into your down payment, and asks homebuyers to contribute at least 5% (depends by region).

When you buy a home with the down payment program, you have up to 30 years to choose when to end the partnership with Landed. At the time that you end the partnership, you pay Landed the initial investment they put into your down payment, plus a portion of the home’s change in value.

Essential professionals who choose to use Landed’s down payment program don’t need to pay Landed anything during the 30-year term unless they decide to sell their home or buy out Landed.

More information is available on Landed.com.

MassHousing

Buying a home in the City of Boston or one of the Commonwealth’s 26 Gateway Cities*? You may be eligible for down payment assistance of 5% of a home’s purchase price, up to $25,000 along with a number of other benefits!

Buying elsewhere in Massachusetts? You may be eligible for down payment assistance of 5% of a home’s purchase price, up to $15,000 as well as a number of other benefits!

For more information, please MassHousing.

*The Gateway Cities are Attleboro, Barnstable, Brockton, Chelsea, Chicopee, Everett, Fall River, Fitchburg, Haverhill, Holyoke, Lawrence, Leominster, Lowell, Lynn, Malden, Methuen, New Bedford, Peabody, Pittsfield, Quincy, Revere, Salem, Springfield, Taunton, Westfield, and Worcester.