Wrenly Residences

62-76 Foundry Street
Wakefield, MA 01880
United States

Price:
$264—298k
Bedrooms:
1—2
Accessible:
Yes
Main Listing Image

Property Overview

Property Facts:

Property Type:
Condominium Building
Condo Fees
201-226
Year Built:
2025

Wrenly Residences is a new homeownership community comprised of 58 residential homes located at 62 Foundry Street in Wakefield, steps from the Wakefield MBTA train station. This is a lottery for ten (10) affordable condominiums. Each unit will include in-unit laundry and one exterior surface parking space. The condos feature single-level living, oversized windows with an abundance of natural light, and thoughtfully design layouts. General building amenities include two elevators, a fitness room, package room, common rooms including a fireplace lounge and co-working spaces, and an elevated landscaped courtyard with grilling stations and gathering areas. Through the lottery process, these condos will be sold at affordable prices to households with incomes at or below 80% of the area median income. The condominiums are expected to be ready for occupancy in May 2025.

Property Details

Unit Details

Basement:
No
Appliances:
Dishwasher
Garbage Disposal
Microwave
Refrigerator
Stove/Oven
Listing Garage Parking
Garage Parking:
There is no garage parking.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Gas
Electric
Air Conditioning:
No
Pets allowed:
No

Eligibility Information

Income limits:
Through the lottery process, these condos will be sold at affordable prices to households with incomes at or below 80% of the area median income.
Asset limits:
All households shall not have total gross assets exceeding $75,000 in value.
Must be first time homebuyer:
Yes
Age Restrictions:
No restriction

Application Information

Application Type:
Lottery
Application Deadline:
March 17, 2025
 
Application Process:

The first affordable homes are expected to be ready for occupancy in May 2025.
Application Deadline
March 17, 2025 at 2:00 pm
Completed Applications and Mortgage Pre-Approvals must be delivered or postmarked by this date. Applications postmarked by the deadline must be received no later than 5 business days from the deadline.
Additional Applications available at
www.sebhousing.com

Monitoring/Lottery Agent or Property Manager
SEB Housing
Contact
SEB Housing