39 Hidden Brook Drive #39, Wells, ME 04090 (MLS # 1612191)

PRICE $288,000 BEDS 3 BATHS 2 HOME SIZE 1,515 sqft LOT SIZE 19,602 sqft Request More Info Schedule a Showing

OPEN HOUSE: 1/11/2025 9:30 AM-11 AM Affordable 55+ Housing Opportunity PLEASE READ THE FULL LISTING DETAILS BEFORE INQUIRING. This Unit is available for a maximum sale price of $288,000 and is subject to income restrictions. Household income must not exceed $104,960, which is 80% of the HUD Median Family Income for the Portsmouth-Rochester, NH HUD Metro FMR Area of $131,200 in 2024. To ensure affordability, monthly housing costs"”including mortgage, insurance, taxes, and utilities"”must not exceed 33% of the household's gross monthly income. This Unit is exclusively for elderly persons or families as outlined in community regulations. All prospective buyers must complete an application that includes financial statements and income verification for all household members. Additional documentation may be required by the Declarant or mortgage providers. The property does have cigarette smoke residue, and the carpets will likely require extensive shampooing or may need to be budgeted for replacement. A fresh coat of paint throughout the home will also go a long way toward revitalizing the space. The property is designated for single-family residential use, though home occupations may be allowed if compliant with the Town's zoning ordinances. This sale is subject to short sale approval. The buyer will be responsible for a $5,000 attorney fee, and the closing will occur up to 120 days after contract acceptance. This is a fantastic opportunity to own an affordable home in a welcoming 55+ community. Property must be on the market for 7 days. Offer deadline: 1/15/2025 at 5 pm. Please allow 48 hours for response.