$325K Cape Home - Neighbor Paid $636K | 40B Sandwich MA

Описание: 🚨40B LOTTERY ALERT🚨

🏠 SAME HOUSE, SAME STREET - $377,000 LESS
⏰ LOTTERY DEADLINE: February 17, 2026 at 5:00 PM

This 3BR/2BA home at 5 Bluestone Terrace is available for $325,638 through MA Chapter 40B. The house next door (3 Bluestone Terrace) sold in 2023 for $636,000 and is now valued at $703,000. Same development. Same street. Over half off.

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⏱️ VIDEO CHAPTERS
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0:00 - Introduction
0:21 - The Neighbor Comparison ($377K Less!)
1:20 - Property & Monthly Payment Breakdown
1:50 - Location & Who Qualifies
2:05 - Application Process & Timeline
2:22 - Restrictions & Why This Matters
3:10 - How to Apply

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📍 PROPERTY DETAILS
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Address: 5 Bluestone Terrace, East Sandwich, MA 02537
Development: Granite Ridge
Price: $325,638 (Maximum Resale Price)
Next Door Property: 3 Bluestone Terrace sold for $636,000 (2023), now valued at $703,000

Bedrooms: 3
Bathrooms: 2
Square Feet: 1,428 sq ft
Year Built: 2004
Property Type: Single-family home

Features:
✓ Full basement for storage
✓ Attic for additional storage
✓ Back porch with private yard
✓ 1 garage space + 3 off-street parking spaces
✓ Gas heat, central air conditioning
✓ All major appliances included
✓ Pets allowed (leashed, owner responsible for waste)

HOA/Condo Fee: $27/month
Estimated Annual Taxes: $2,618

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💰 ESTIMATED MONTHLY PAYMENT
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Based on 3% down payment ($9,769):

Mortgage (P&I): ~$1,965
Property Taxes: $218
HOA/Condo Fee: $27
Homeowners Insurance: ~$150
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TOTAL: ~$2,360/month

Compare to typical Cape Cod rent: $2,800-$3,500/month

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✅ ELIGIBILITY REQUIREMENTS
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INCOME LIMITS (Annual Household Income):
• 1 Person: $74,800
• 2 People: $85,450
• 3 People: $96,150
• 4 People: $106,800

ASSET LIMIT: $75,000 (liquid assets)
Includes: checking, savings, retirement accounts, stocks, bonds, cash gifts
Does NOT include: personal property, automobiles, down payment assistance programs, equity accounts in homeownership programs

FIRST-TIME HOMEBUYER REQUIREMENT:
• Must not have owned a home in the past 3 years
• Exceptions: single parents, displaced homemakers, owners of mobile homes

FINANCING REQUIREMENT:
• Must qualify for a fixed-rate mortgage
• Minimum 3% down payment required
• Pre-APPROVAL letter required (not pre-qualification)

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📅 IMPORTANT DATES & TIMELINE
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📌 Information Session: Tuesday, February 10, 2026 at 1:00 PM (Zoom)
Register here: https://us06web.zoom.us/meeting/regis...
(Recommended but not required)

📌 Application Deadline: Tuesday, February 17, 2026 at 5:00 PM
Late applications reviewed first-come, first-served only if no lottery applicant approved

📌 If Selected: 24 HOURS to submit all required documents


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🔗 OFFICIAL LINKS & RESOURCES
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Property Listing: https://www.mymasshome.org/listing/4053
Application Portal: www.chapa.org/submit
Application PDF: https://www.mymasshome.org/sites/defa...
Deed Rider Example: https://www.mymasshome.org/sites/defa...
CHAPA 40B Info: https://www.mymasshome.org/sites/defa...

Info Session Registration: https://us06web.zoom.us/meeting/regis...
CONTACT INFORMATION:
• Eligibility Questions: Carol Marine, [email protected] or (617) 690-8603
• Application Submission Issues: Josh Vogel, [email protected] or (617) 862-0334

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ℹ️ ABOUT THIS CHANNEL
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I helped my son successfully purchase his first home through the Massachusetts Chapter 40B affordable housing program. After seeing how life-changing this opportunity was for him, I started this channel to share every 40B listing across Massachusetts so other working families can achieve homeownership and build generational wealth.

🔔 SUBSCRIBE for notifications on every new 40B opportunity in Massachusetts
📧 Questions? Drop them in the comments - I respond to every one
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⚠️ DISCLAIMER
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This video is for informational and educational purposes only. I am NOT a real estate agent, mortgage broker, financial advisor, or attorney. All information presented is based on publicly available listings and my personal experience helping my son through the 40B process.