Marble Farm Condominiums

4 Marble Farm Rd.
Maynard, MA 01754
United States

Price:
$295k
Bedrooms:
2
Accessible:
No

 

Property Overview

Property Facts:

Property Type:
Townhouse
Condo Fee:
$236
Year Built:
2008
Est. Annual Taxes:
$4,908

Marble Farm Condominiums is an age-restricted 55+ development of 24 units built in 2008. Six of the units are affordable and restricted to buyers earning 80% or less of the area median income (AMI). The development is located right off of Rte. 27, and just a mile from downtown Maynard, which features the public library, a movie theater, abundant restaurants and shopping. 

This affordable and spacious 2-bedroom, 2 bath condominium contains 1,968 square feet of living space on two levels. The first floor includes a large open concept space for living and dining, a kitchen, one bedroom, and one full bath. A second bedroom and full bathroom are on the second floor. The unit is newly painted throughout and features vinyl tile in the bathrooms, brand new carpeting throughout, a driveway and one-car garage, a back deck, and front porch. The heating system is gas with forced air and is covered in the condominium association fee. The condo is being sold ‘as-is’ with refrigerator, stove, dishwasher, garbage disposal and washer/dryer included. 

The purchase price is $295,300. Owners are required also to pay property taxes, and the 2025 Maynard tax rate is $17.83 per $1,000 of valuation or an estimated monthly amount of $439. The condominium fee is currently $236 per month, and the Condominium Association has rules and regulations for all owners that describe the operation of the condominium.

The property is being offered at a discounted rate and, as such, this and all future sales of the property will be in accordance with the guidelines in the Deed Rider that is attached to the unit. The deed restriction will protect the property in perpetuity using resale price limitations. This unit will be sold to eligible 55+ age qualified buyers selected by lottery.

 

Property Details

Unit Details

Basement:
Yes
Additional space:
Attic
Appliances:
Dishwasher
Garbage Disposal
Refrigerator
Stove/Oven
Washer/Dryer
Listing Garage Parking
Garage Parking:
Yes, there is 1 space available.
Off Street Parking:
Yes, there is 1 available space.
Heating type:
Gas
Air Conditioning:
Yes
Flooring Types:
New Carpeting throughout, Vinyl tile in bathrooms
Pets allowed:
Yes
Pet Restrictions:
Unknown
 

Eligibility Information

Income limits:
1 person- $92,650, 2 person- $105,850, 3 person- $119,100, 4 person- $132,300
Asset limits:
$275,000
Must be first time homebuyer:
No
Age Restrictions:
55+
 
 

Application Information

Application Type:
First Come First Served
Application Deadline:
November 03, 2025
 
Application Process:

Application Description:

  1. The applications for this housing opportunity will be generally available, including on-line, in hardcopy at the Regional Housing Services Office (RHSO), and sent to anyone interested in the lottery. Notice of the lottery will be advertised, and communicated widely through local, regional and state channels.
  2. Applications can be emailed to JenP@rhsohousing.org, mailed to or dropped off at 37 Knox Trail, Acton MA 01720. Applications that are dropped off should be placed in the big black metal USPS mailbox outside the RHSO office building. You may also contact Jen at JenP@rhsohousing.org for a SharePoint link where you can upload your documents.
  3. The applicant’s household size will be determined from the application, and the required number of bedrooms as indicated on the application. Priority shall be given to households requiring at least the number of bedrooms in the unit.
  4. The maximum gross household income will be verified and compared to the HUD 2021published income limits. 

1 person- $92,650,  2 person- $105,850, 3 person- $119,100

  1. The household assets will be verified and compared to the $275,000 maximum asset limit. Assets include but are not limited to all cash, cash in savings accounts, checking accounts, certificates of deposit, bonds, stocks, cash value of retirement accounts, value of real estate holdings and other capital investments. Equity from the sale of any home will be included with other household assets that cannot exceed a total of $275,000.
  2. Condominium Restrictions on Use of the Unit:
  • One household member must be over 55 years of age.
  • The unit is restricted to residential use and occupancy by senior citizens, their spouses and their children.
  • Unit shall be occupied by no more than two persons
  • A third occupant may be allowed for the express purpose of providing health care to the occupants.
  1. Applicants cannot own other residential property, and must sell it before closing on this property.
  2. Applicants will be reviewed in the order of completed applications received. Once an application is deemed complete by the Lottery Agent, the Lottery Agent will then determine initial eligibility and will notify the applicant of their status.
  3. After a buyer has indicated that they want to proceed, the Sudbury Housing Trust, as the monitoring agent, will review the buyer's income, assets and other criteria before the buyer can proceed to purchase the unit.
  4. Upon the satisfaction of the qualification requirements of both the Resale and Monitoring Agent, the qualified buyer is then able to move forward and execute the Purchase and Sale with the seller. 
Application link https://www.rhsohousing.org/sites/g/files/vyhlif421/f/uploads/4_marble_farm_res…
Brochure Website: https://www.rhsohousing.org/looking-housing
Application Documents:
Monitoring/Lottery Agent or Property Manager
Regional Housing Services Office (RHSO)
Contact
Jen Pontes
Phone
+1 978-287-1091