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A condo in Charlestown is for sale for $170,000, but there’s a catch

Buying News Charlestown
106 13th St. Unit 235, Boston
106 13th St. Unit 235, Boston Courtesy of John Costello

A condo in Charlestown is for sale for just under $170,000. The catch? Buyers have to be over the age of 55, plus be under an income limit. 

The home at 106 13th St., Unit 235, has one bedroom, one bathroom and 619 square feet.

While the unit was just listed Friday, Jonathan Diffenbach of Maloney Properties, which listed the property and works with selling and renting out affordable homes for the Boston Planning and Development Agency and the Department of Neighborhood Development, said he’s already received multiple inquiries and questions.

“The age restriction is new to people,” Diffenbach said. “People are used to the income limit, but the age restriction is unique.” Along with being over 55, potential buyers must fall under the listed income restrictions. For one person, that’s an annual income of no more than $60,400, for two people it’s $69,000. Buyers also can’t have assets exceeding $75,000 not including their retirement money.

While the home could use some updating — Diffenbach said perhaps some work in the kitchen — the condo has hardwood floors and large closets, according to its listing on the Multiple Listing Service. Plus, homeowners could be eligible for recouping their renovation money via capital improvement program.

New homeowners also have a condo association fee of $449.46 and this includes heat, hot water, sewer, maintenance to the outside, landscaping, snow removal and other benefits.