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1
Bedrooms
1.0
Baths
511
Sqft
$526
Price/Sqft
0.92
Acres
About this home
Maine Cooperative Development Partners is pleased to offer Dougherty Condos: 20 brand new, high efficiency, zero energy- ready, 1 and 3 bedroom condos priced to be affordable to households earning 100% of Area Median Income, built on land formerly owned by the City of Portland at 57 and 65 Dougherty Court, Portland, Maine.
The homes have tremendous recreational and transportation access. The Dougherty Fields complex which has a playground, outdoor swimming pool, skate park, playing fields, and basketball court are next door. The #1, #4, #5, #7 & #9 Metro bus lines, and the Portland Transportation Center are a short walk away. The Transportation Center offers access to the Amtrak Downeaster train and Concord Coach buses. These services run south to Boston and New York, and north to Bangor via Midcoast or Central Maine. Metro's Breez bus also runs from the Transportation Center offering routes to Yarmouth, Freeport, and Brunswick.
57 Dougherty Court, Units 1-4, are four connected two-story townhomes, with
4 three bedroom, 1.5 bath, 2 story homes on the 1st and 2nd floors for 3-6 person households .
65 Dougherty Court, Units 101-108 and 201-208, are 16 homes total, connected townhome units in a three story building, with
1 one bedroom, 1 bath, 1st floor accessible home for 1-2 person households
7 one bedroom, 1 bath, 1st floor homes for 1-2 person households
8 three bedroom, 1.5 bath, two story homes on the 2nd and 3rd floors for 3-6 person households
Prices & Household Size:
1 Bedroom Homes: Estimated $268,800 + $97 Monthly Condo Fees (based on the projected budget), 1-2 people
3 Bedroom, 1.5 bath Homes: $325,000 + $224-$228 Monthly Condo Fees (based on the projected budget), 3-6 people ($228 is for the 3 BR homes that are in two story buildings)
?
Phase 2 is publicly funded by Maine Housing and the City of Portland and will not be paying commissions to real estate agents.
Price and Income Restrictions
Income restricted means buyer households must earn up to 100% of Area Median Income (AMI) when they purchase the home (see the chart below). In the future, households can only sell to other households that are at or under the 100% of Area Median Income (AMI). Maximum income allowed: 100% AMI in 2025 for 1 person household: $90,900; 2 person household: $103,850, but if only one person is on the deed and mortgage then only one person's income will be considered.
Visit website to read more, and application requires a pre-qualification letter from a bank, income certification form, and simple online application.
