Affordable homes for sale in Washington CT

Affordability in Washington CT, 2 bedroom homes on Myfield Lane. For buyers who are eligible for limited equity housing (sometimes referred to as affordable housing), Myfield in Washington, CT offers a wonderful option to purchase a home.

The homes are light and bright with an open floor plan. The living room, dining area and eat in kitchen are on the first floor, the two bedrooms are on the second floor. You will appreciate the openness of the home, the spaciousness of each room. Take a look for yourself and see.

2 homes priced at $165,000. (60% units)

These homes are to be built, we are looking at a 2-3 month build time.

  • 1,740 square feet
  • 2 bedrooms
  • 1.5 bathrooms
  • 2 car detached garage
  • Propane heat
  • Full, unfinished basement

2 homes are priced at $187,500. (80% units)

One of these homes was built in 2008, the second will be built for a buyer with a 2-3 month build time.

  • 1,904 square feet
  • 2 bedrooms
  • 2.5 bathrooms
  • 2 car detached garage
  • Propane heat
  • Full, unfinished basement

INCOME ELIGIBILITY REQUIREMENTS FOR MYFIELD LIMITED EQUITY HOME OWNERSHIP

60% units: Number of persons in family/income limits
1/$36,246  2/$41,424  3/$46,602   4/$51,780  (limits higher for more than four people)

80% units: Number of persons in family/income limits
1/$48,328  2/$55,232  3/$62,136   4/$69,040  (limits higher for more than four people)

The income eligibility is based on the current State of Connecticut median income level of $86,300.

Myfield is a planned unit development, you will own your home and garage, but the land belongs to the association, in some respects like a condominium association. There will be monthly common charges. The association will take care of plowing and landscaping.

In addition to the 4 limited equity homes, there will be 9 additional “market rate” homes built in the near future. In total there are 13 homesites at Myfield.

Myfield is conveniently located to Route 202 in the Village of New Preston, just off Mygatt Road. Minutes to Lake Waramaug, a season pass to Washington town residents to this beautiful lake is available for $20 per year. Surrounded by the beauty of the Litchfield Hills, Myfield is a fantastic opportunity to enter the housing market in Washington for buyers who qualify.

How purchasing a limited equity home at Myfield in Washington CT works.

If you are interested in purchasing a home at Myfield you must complete an application with your history, credit history, references, etc. We send that to the management company in charge of processing applications, and they will let you know if you are eligible to purchase a home at Myfield. If you are, we can put you in touch with a loan officer who specializes in USDA loans. Up to 100% of the purchase price can be financed through USDA.

For more information you can contact us at 860.946.0686. We would be happy to explain the process in depth and introduce you to Myfield.

And you thought you couldn’t afford to buy a home in Washington, CT!

 

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