45 West Broadway

45 West Broadway, Unit 107, South Boston

Income Restricted condo located in South Boston - Income Requirements 1 Household: Minimum $83,120 – Maximum $103,900. 2 Household: Minimum $95,040 – $118,800. Asset limit: $100,000 (does not include retirement).

Discover a distinctive 1-bedroom unit spanning two levels within the Saints Peter & Paul Church Condominiums. The kitchen boasts stainless steel appliances, a gas range, and backsplash. The separate bedroom downstairs comes complete with its own bathroom and convenient washer/dryer. The professionally managed building is pet-friendly and offers a common outdoor space. Enjoy the convenience of being steps away from the Broadway T station, granting easy access to a plethora of restaurants, grocery stores, the Seaport District, and downtown.

FEATURES

Outdoor common area

https://www.maloneyaffordable.com/wp-content/uploads/2024/01/1023077-DSC05438.jpg

NEIGHBORHOOD

South Boston, affectionately known as "Southie" to locals, is a vibrant and dynamic neighborhood that epitomizes the warmth and spirit of Boston. This area is renowned for its rich history, strong community bonds, and a perfect blend of traditional charm with modern living. The streets of South Boston are lined with classic triple-decker homes, offering a glimpse into the city's historical architecture, while new developments and renovated spaces add a contemporary flair to the neighborhood. The community is diverse and welcoming, making it an ideal place for families, young professionals, and anyone looking to experience the true essence of Boston life.

The neighborhood boasts an array of amenities and attractions that cater to a variety of interests and lifestyles. South Boston is home to some of the city's most beautiful beaches, including the popular Carson Beach, providing residents with a unique urban coastal living experience. The area is also known for its lively dining and entertainment scene, featuring a mix of traditional Irish pubs, trendy eateries, and chic cafes. Green spaces like the expansive South Boston Waterfront and the historic Castle Island offer residents a peaceful escape from the urban hustle. With its excellent location, strong sense of community, and a blend of old and new, South Boston stands out as a highly desirable place to live in the heart of Boston.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

Number of Bedrooms: 1

Purchase Price: $415,000

 Condominium Fee: $413.96

Minimum Income and Maximum Limit: 

1 Household: $83,120 – $103,900

2 Household: $95,040 – $118,800

 

Maximum Asset Limit: $100,000
Does not include retirement.

There will be no open houses. There will only be private showings.  Please complete this form if you would like to schedule a showing:  Showing Request Form

BPDA Income Limits for 2024

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$80,010$91,440$102,870$114,300$125,730$137,160$171,450
2 Person $91,420$104,480$117,540$130,600$143,600$156,720$195,900
3 Person$102,830$117,520$132,210$146,900$161,590$168,940$220,350
4 Person$114,240$130,560$146,880$163,200$179,520$187,680$244,800
5 Person$123,410$141,040$158,670$176,300$193,930$202,750$264,450
6 Person$132,580$151,520$170,460$189,400$208,340$217,810$284,100

NEXT STEPS

Let us know you’re interested! Our team will respond quickly to provide more information and schedule a showing.

 
For more information, contact us:   617-778-2470   |   US Relay 711   |   mzaric@maloneyrealestate.com
Free language assistance is available for those whose primary language is not English or have limited English proficiency. For more information or reasonable accommodations for persons with disabilities, please contact us.

FAQ / FREQUENTLY ASKED QUESTIONS

Income Questions:

How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.

I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.

I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.

I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.

Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.

I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.

I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.

Condominium Fee: $413.96

Square Feet: 733

Taxes: 2024 Gross Tax $4,333.84 (Without Residential exception) $723.31 (With Residential exception)

What is the pet policy? Allowed with restrictions

Parking / storage: No parking with unit, rental space may be available in building lot.

HOA fee includes:  Heat, Hot Water, Gas, Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal, Reserve Funds, Management Fee

Washer & Dryer: Included with unit sale

What utilities are you responsible for? Electric (Eversource)

Sale exclusions: NA

If you have questions about this property, please contact us.