About this home

*THIS IS AN INCOME RESTRICTED PROPERTY WITH A LAND LEASE* Wow, what a deal! This fully renovated 3 bed / 1 bath ranch home is part of the Marlborough Community Land Trust. Completely remodeled interior with brand NEW appliances, NEW HVAC, NEW ROOF and NEW windows. Luxury Vinyl flooring in kitchen, dining and living rooms. Shaded front porch and south-facing deck offer options for outdoor entertaining. Private driveway has space to park 3-4 cars. This is the perfect starter home! 10 YEAR TAX ABATEMENT means lower mortgage payments; own for less than rent! Qualified buyers are OWNER-OCCUPANTS whose household income is 120% or less of Area Median Income (AMI), which is $117k for a family of 4. Buyers must complete an application with the Marlborough Community Land Trust & obtain preapproval from an MCLT-approved lender with a CLT loan program. HUD-approved homebuyer education class required prior to closing. Listing agent will walk you through all the steps for your buyer to qualify, so don’t hesitate to reach out! This is a great opportunity for low & moderate income buyers to become homeowners. Ask about zero-down options for CLT homes!