Marble Farm Condominiums

12 Marble Farm Rd.
Maynard, MA 01754
United States

Price:

$264k

Bedrooms:
2

Accessible:
No

Property Overview

Property Facts:

Property Type:

Townhouse

Condo Fee:

$236

Year Built:

2008

Est. Annual Taxes:

$4,704

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 1,846 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 features hardwood flooring throughout, vinyl tile in the bathrooms, 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, microwave, dishwasher, garbage disposal and washer/dryer included.

The purchase price is $263,876. 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 $392. 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

Microwave

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:

Flooring Types:

Hardwood throughout, Viny 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:

Age Restrictions:

55+

Unit Breakdown

Units

Unit Type	# of Units	Price	Bedrooms	Baths	SqFt	Accessibility
Townhouse Condominium	1	$263,876.00	2 BR	2	1,846 sqft	Not Accessible/Has Barriers/Unknown

Unit Breakdown

Unit Type: Townhouse Condominium

# of Units:

Beds:

2 BR

Price:

$263,876

Baths:

SqFt:

1,846 sqft

Accessibility:

Not Accessible/Has Barriers/Unknown

Application Information

Application Type:

Lottery

Application Deadline:

November 03, 2025

Application Process:

Lottery Description:

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.
Applications are to be submitted with all required information by the deadline – 2pm on November 3, 2025. 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.
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. .
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, 4 person- $132,300

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.
One household member must be over 55 years of age, and no children can reside in the unit for longer than 2 weeks per year.
Applicants cannot own other residential property, and must sell it before closing on this property.
Persons must submit all the necessary information by the application deadline. Late applications (applications mailed and/or received after the above date) and applications that are incomplete will not be accepted.
All applicants will be screened for eligibility. Applicants who have been deemed ineligible will be notified in writing via email of the decision and given time to contact the resale agent in writing to disagree with the determination.
Once the Resale Agent has verified the information contained in the application and confirmed eligibility, a lottery number will be issued, and the applicant will move forward to the lottery.
A lottery eligibility letter will be emailed to each applicant indicating their final eligibility determination and the lottery specifics (date/time).
The lottery will be conducted via an online meeting using the Zoom online meeting tool. All eligible applicants will be given the information required to join the Zoom meeting if they would like to do so. Lottery tickets will be assigned a number in the sequence in which they are drawn and recorded in the order of selection on the Lottery Drawing Lists.
Once the tickets have been randomly drawn and listed in the drawn order, the units are then ranked based on bedroom size. The top ranked household needing at least the number of bedrooms in the unit will be offered the opportunity to purchase the unit. The household size preference shall be given to households based on the following criteria.
- There is at least one occupant per bedroom.
- A husband and wife, or those in a similar living arrangement, shall be required to share a bedroom.
- Other household members may share but shall not be required to share a bedroom.
Letters with the lottery results will be emailed within three business days to the winners and all applicants.