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348 Rantoul Street, Beverly, MA 01915
One income-restricted home for sale in Beverly, a studio, for households earning up to 80% of the area's median income.
- Type of listing
- For sale
- Price
- $252,000
- Deadline
- No deadline
- How you get in
- Lottery
- How to apply
- By mail or by email
- Listing page
- mymasshome.org ↗
Cost and eligibility
| Size | Price This price is for households earning up to 80% of the area's median income, the middle income where you live. | Homes |
|---|---|---|
| Studio | $252,000 | 1 |
Asset limit
$275,000
Other costs
Monthly condo fee: $273.94.Estimated yearly property taxes: $2,646.
Criteria
Income rules
No minimum income, but your income must support a mortgage for the home.
Income limits
| Household | Maximum income The most your whole household can earn in a year, before taxes. |
|---|---|
| 1 person | $96,000 |
| 2 people | $109,700 |
| 3 people | $123,400 |
| 4 people | $137,100 |
Other rules from the listing
- Must not have owned a home in the last 3 years, with some exceptions.
- Must have a mortgage pre-approval for an amount large enough to buy the home.
- Must qualify for a 30-year fixed-rate mortgage with at least 3% down, half from your own money.
How to apply
By mail
City of Beverly, Planning Director
191 Cabot Street
Beverly, MA 01915Ask about this home.
191 Cabot Street
Beverly, MA 01915Ask about this home.
By email
dwynne@
Documents you'll need
- Signed application
- Applicant certification and homebuyer disclosure acknowledgments
- Federal tax returns and W-2 or 1099-R forms for the 3 most recent years for every adult
- Or IRS proof of non-filing
- Current statements for all assets
- 5 consecutive pay stubs ending within one month of the application
- For all jobs
- For unemployment
- Copies of the checks or a state letter
- Mortgage pre-approval letter
Forms
Contact
Details
Good to know
No pets are allowed.One garage parking space comes with the home.The first eligible buyer with a complete application gets the first right to buy.
Last checked
Nov 4, 2026
Map
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