SEQUIM — Wisteria Cottage Assisted Living has been sold and will close at the end of the year, displacing 37 residents and 21 staff members.

Seventy percent of the residents are state-contracted Medicaid patients, which means they likely will face difficulties in finding homes, said Marife Beeson, Wisteria’s executive director.

“Wisteria Cottage has filled a gap,” for low-income people needing long-term care, Beeson said.

While rents at assisted living homes in Sequim range from $2,300 to more than $6,000 per month, Wisteria Cottage’s rent starts at $1,750, she said.

Though the owner has not yet sent the official 30-day notice, Beeson Monday hand-delivered letters to each of the residents, whose ages range from 40 to above 90.

“Please know that I will do everything in my power to assist you with transitioning to a new residence,” Beeson wrote in her letter.

The sale of Wisteria Cottage, which was owned by Fort Madison Bank and Trust, closed Oct. 25.