Rollins Square Condominiums (Under Agreement)

2 Rollins Square Unit D205

Rollins Square condos are located in the hip, revitalized section of the South End, and offer a deluxe lifestyle in a dynamic neighborhood of Boston. Although there are 184 living units, Rollins Square condos convey an intimate feel in a low-rise building with private entrances for unit clusters, eliminating the institutional feel that many large-scale luxury condo buildings can have. The units have central heat and air conditioning, carpeted and hardwood floors. There is an on-site professional management team that looks after Rollins Square around the clock. The grounds include a landscaped park, 6,000 square feet of retail space and an underground parking garage. Rollins Square is even innovative in its operations: the condominium association recently installed a co-generation unit for the development, saving $75,000 per year in energy costs.

FEATURES

Elevator
Security System
Storage
On site Professional Management

https://www.maloneyaffordable.com/wp-content/uploads/2022/09/2-Rollins-exterior.jpg

NEIGHBORHOOD

There's much to love about Boston's South End -- the elegant, curvy brownstones along Tremont Street, the fantastic shops, restaurants, and Victorian beauty of Columbus Avenue, and the oddly sophisticated yet collegiate feel of Harrison Avenue combine to create a tapestry of a neighborhood that offers something to everyone. This walkable, tree-filled neighborhood offers several parks, the Boston University School of Medicine, some of the best restaurants in Boston, and easy access to Northeastern University.

You'll spend afternoons at Southwest Corridor Park, Blackstone Square, and beautiful Franklin Square. South End is popular with artists, and you'll discover a variety of terrific galleries to explore, especially along Harrison Avenue.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

Number of Bedrooms: 1 Bedroom

Purchase Price: $422,478


1st Time Homebuyer Mortgage and Down Payments Options:

One+ Mortgage Program – Current rates as of 11/10 are 4.875%! 

Boston Down Payment Grant Program

Contact Mike McCarthy  of Leader Bank for more information: mikemccarthy@leaderbank.com | Senior Loan Officer | NMLS# 176640


Condominium Fee: $384 per month

Taxes: $3,655 – This does not include the Residential Tax Exemption – Preliminary estimated taxes with the exemption is  $182.74 for 2024 Q1 and 2

 Maximum Income Limit: 80% AMI

1 Household – $82,950 |  2 Household – $94,800 | 3 Household – $106,650

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

 

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: $384

Square Feet: 762

Taxes: $3,655  – This does not include the Residential Tax Exemption – Preliminary estimated taxes with the exemption is  $182.74 for 2024 Q1 and 2

What is the pet policy? Pets allowed with restrictions

Parking / storage  No parking included with sale, deeded storage available

HOA fee includes: Hot Water, Water, Sewer, Master Insurance, Security, Elevator, Exterior Maintenance, Snow Removal, Extra Storage

Sale exclusions  Curtains in living room and bedroom excluded,  Washer/Dryer.

What utilities are you responsible for? Gas ( National Grid) Electric ( Eversource)

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