25B Blacksmith Row, Groton, MA 01450

Boynton Meadows is the name of a Groton, Massachusetts mixed use project consisting of a renovated building at 134 Main Street and new residential condominium units constructed on Blacksmith Row. The project includes four (4) commercial condominium units on the basement and first floor levels of the renovated building, which affords frontage on Main Street. The second floor level of the renovated building will contain three (3) residential units. In addition, fifteen (15) residential condominium units will be built as new construction in the middle and rear of the parcel on Blacksmith Row. Three (3) out of the eighteen (18) residential units will be sold at affordable prices though a lottery process to households with incomes at or below 80% of the area median income. The affordable units vary in size and are dispersed throughout the site. This unit was first offered for sale through a lottery, but is now available for sale on a first come, first serve basis for the first qualified applicant. Unit 25B is a three bedroom, one and a half bathroom condominium with a single car garage located on Blacksmith Row. The purchase price of this 1,629 square foot unit is $181,600. The square footage total for this unit does not include the unfinished storage space in the basement or the space occupied by the garage. Taxes are based on the purchase price of the home. Groton’s tax rate is currently set at $18.78 per thousand dollars of assessed value. The Town of Groton and the Massachusetts Department of Housing and Community Development are the long-term monitoring agents for this project and are responsible for final verification of each applicant. The kitchen comes equipped with range, dishwasher and refrigerator. There are washer/dryer hook up connections provided in the laundry area. The condominium unit has a forced hot-air heating system powered by natural gas. The unit is serviced by town water and town sewer. Boynton Meadows is a development with a condominium form of ownership where there is separate and distinct ownership of individual units and joint ownership of common areas. The unit owner will pay a monthly condominium fee -- currently set at $114.38 for the affordable units on Blacksmith Row. The condominium association is responsible for general liability insurance, landscaping, snow removal, general maintenance, and curbside trash removal. Additionally, a portion of this fee will be set aside in reserves for future maintenance or replacement of roofs, structures, landscaping, and roadways. Homeowners are responsible for water, electric, gas, property taxes and cable services as well as private insurance for damage to their furniture, furnishings, and other personal property. In the event that condominium fees rise, such fees for affordable units will increase at a rate proportional to the market rate fees as governed by state law. This is an Equal Housing Opportunity.