Rare Opportunity for Affordable Pondside Unit

Written by wbrokhof on February 17th, 2009
Summary:

Phase 1 consisted of 2-4 bed units all selling well over a million dollars. The developer, Chris DeSisto of Maplehurst Builders does outstanding work – unrivaled in this area. The next phase has an affordable component consisting of a two bedroom and several much larger units.

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I received a very interesting email yesterday regarding an affordable unit at Willowbank II on Jamaica Pond. This development began with some very interesting architecture accessed from Burroughs Street.

Willowbank Phase 1

Willowbank Phase 1

Phase 1 consisted of 2-4 bed units all selling well over a million dollars. The developer, Chris DeSisto of Maplehurst Builders does outstanding work – unrivaled in this area.

The next phase has an affordable component consisting of a two bedroom and several much larger units. The Maplehurst website aptly states, “Nestled in the midst of Frederick Law Olmsted’s Emerald Necklace, Willowbank’s second phase will witness the restoration of a gracious, vintage brick mansion and the addition of a complimentary new construction two-unit building. Blending the charms of period detail with thoroughly modern, premium kitchens and bathrooms, the mansion will offer the choice of a commodious single-level 1st floor unit or a grandly-proportioned two-level, 4-bedroom home with delightful sunset pond views. For homeowners seeking a private oasis near the heart of the city, the newly-crafted duplex homes are a perfect choice. Each home will contain 3-bedrooms (one a 1st floor guest suite with full bath) and 3.5 baths and offer a secluded brick patio among the property’s mature trees. Enjoy the quality construction and elegance of Willowbank II, while savoring evenings at the nearby theaters, symphony, museums, and bistros.”

Willowbank Phase II

Willowbank Phase II

The kicker is that there is a preference for Boston residents, households with at least one person per bedroom, and first-time homebuyers. The income guidelines are as follows:

(1) two-bedroom unit available for immediate occupancy

Price

HH Size

Income Limit

$189,600

1-4

Up to 80%

Maximum Income Per Household Size

HH size

80%

1

$48,050

2

$54,900

3

$61,800

4

$68,650

Income Requirements may be subject to change based on new HUD Income Limits being issued prior to income certification.

Applications must be picked up in person only at 76 Pond St., Jamaica Plain (rear of brick bldg formerly known as 80 Pond St., opposite the boathouse at Jamaica Pond):

· Thurs-Friday, February 19-20, 10am – 5pm

· Saturday, February 21, 10am – 4 pm

· Mon & Tues, February 23-24, 10am – 5pm

· Including Late night Mon, Feb 23 until 7 pm

Deadline for completed applications:

In Person by 4 pm Fri, March 6, 2009, or by mail and postmarked by Wed, March 4, 2009

to Chris DeSisto, Pondside Development Co, 891 Centre St., Jamaica Plain, MA 02130

Selection by lottery.

Asset, Use & Resale Restrictions apply.

Call William Brokhof 617-828-7956 if you have further questions and I’ll try and get them answered for you!

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