Condo · MBTA

156 Porter St #327

East Boston, MA 2128 · MLS 73577270

$530,000

1 bd · 1 ba · 1,034 sqft

<
  • Beds1
  • Baths1
  • Sq Ft1,034
  • Year—
  • StyleOther
  • $ / Sq Ft$513
  • HOA$283/mo
  • Taxes$1,679
  • Parking1
  • Lot1034.0
  • MLS73577270
  • StatusActive

About this home

City of Boston Inclusionary Development Unit / BPDA Income Restricted East Boston Loft / 1 bathroom condo on the 3rd floor with 2 levels. The building is a 217 unit, professionally managed elevator building with central AC, common roof deck, clubroom and close access to the Airport Blue Line stop. The condo has an in unit washer/dryer and an outside parking space. The upper level could be used as a bedroom, home office, or media area. Sale is subject to BPDA approval of buyer eligibility (1 member household up to $120,000, 2 member household up to $137,200, 3 member household up to $154,300, and 4 member household up to $171,400). Ask for income limits for larger households. Buyers must have under $100,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA / MOH. BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible!

AI comment

This East Boston loft-style condo offers unique features and amenities beneficial for first-time buyers, particularly those meeting income restrictions. The building is well-managed, includes central AC, and provides access to a common roof deck and a clubroom. The layout with two levels allows flexibility, potentially serving as a home office or media area. However, buyers must navigate income restrictions, asset limitations, and the requirement that it serves as their primary residence, which may not suit everyone’s needs.

PROS
- Professionally managed elevator building with amenities like a roof deck and clubroom.
- Flexible upper level that can serve multiple purposes.
- In-unit washer/dryer and included parking space.

CONS
- Sale is subject to BPDA approval, limiting eligibility to certain income levels.
- Buyers must demonstrate a maximum liquid asset amount and complete additional paperwork.
- Purchase conditions may complicate the buying process compared to traditional transactions.

Disclaimer: This analysis was generated by AI based on the supplied listing data. It may contain errors or omissions and should not be relied upon as professional real-estate, legal, or financial advice. Always verify all details independently.

Features

  • Range
  • Dishwasher
  • Disposal
  • Microwave
  • Refrigerator
  • Washer
  • Dryer

Location

DirectionsMore in East Boston

More about East Boston

East Boston Profile Snapshot
Primary Vibe Diverse waterfront neighborhood with Blue Line access, parks, and a mix of older and newer housing. Popular with buyers seeking transit convenience and views at more approachable prices.
Housing Prices Generally more approachable than central Boston. Newer condominiums and water-view properties command premiums. Condition and flood exposure influence value.
Commute to Boston Blue Line provides direct access to downtown and the airport. Walking and bus options exist. Parking availability varies by building and street.
Schools Served by Boston Public Schools. Confirm assignments with the district.
Market Growing demand supported by transit and waterfront access. Updated properties near stations attract interest.
Housing Styles Newer condominium buildings, older multi-family homes, and waterfront conversions. Outdoor space varies.

Similar homes nearby

Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.