July 30, 2021

MP Now News

Mortgage News

Wellesley Historical Society hopes to retire mortgage

The current location of the Wellesley Historical Society in the Dadmun McNamara House has very limited exhibition space.  These pictures are in an upstairs hallway.

“We are approaching a big day for society: the mortgage repayment on 323 Washington St.,” said Jared Parker, president of the Wellesley Historical Society.

Parker said the company is going to great lengths to raise funds to withdraw the mortgage by the end of June.

“We have made great strides thanks to the generosity of many people in the city, including the great efforts made recently by the Wellesley Club and other generous donors,” said Parker.

The company paid a $ 264,000 mortgage in March, bringing the balance to $ 292,000. Another major payment of $ 104,000 will be made in a few weeks so that will require $ 88,000 by the end of June.

“I hope we can make it by June 30th,” said Parker. “Which would mean that July 4th – Independence Day – will be of special importance to all of us who are committed to this worthy project.” We have spoken to a number of people who are contemplating giving and we tell them – now is the time! “

Jared Parker, President of the Wellesley Historical Society Society.

On the last day of 2012, the company bought Stanwood House at 323 Washington Street for $ 1 million and realized that $ 400,000 would be part of the deal for critical renovations such as disabled bathrooms, ramps, and the like.

“There is no way we can meet our own and the city’s guidelines without making the building accessible to the disabled,” said Parker. “Our overall plans were contingent on the city and state getting approval to qualify as a historic neighborhood with a single building. We achieved this thanks to our team that includes world class architects, legal experts, engineers, site managers and dedicated volunteers, all of whom are experienced in such matters. “