NORTH READING — Two new affordable condominium units in the Residences at Martins Landing off Lowell Road are being made available by lottery.
The 55+ development is located at 280 Martins Landing Way, and Martins Landing Condominiums is a new 502-unit development for eligible age-qualified (55+) homebuyers.
A total of eight units will be distributed through four lotteries. This application is for the third lottery for two units.
One- and two-bedroom affordable units are available. The one-bedroom includes one bathroom in a +/- 948 sq. ft. unit. The two-bedroom includes two bathrooms in a +/- 1,116 sq. ft. unit.
The price of the one-bedroom unit is $251,800 with a monthly condo fee of $164 and the price of the two-bedroom unit is $282,100 with a monthly condo fee of $196.
Surface parking is available at no charge and the on-site Clubhouse available for use by all homeowners.
Informational meeting March 3
A public information meeting via Zoom will be held on Monday, March 3 at 6:30 p.m. [Go to Zoom.com and add the following, when prompted: Meeting ID: 860 7301 0316; Passcode: 675951.]
The application deadline is April 1, 2025 and the lottery will be held via Zoom at 3 p.m. on Friday, April 25, 2025.
Additional details are included in a legal notice in today’s Transcript. Applications are available on the homepage of the town’s website at northreadingma.gov or by contacting MCO Housing Services at 978-456-8388 or via email: lotteryinfo@mcohousingservices.com.