Affordable Homeownership Opportunities in Concord and Maynard; Rental Opportunity in Oriole Landing, Lincoln - Immediate Openings

1) Marble Farm Condominiums, Maynard - Lottery for affordable resale 55+ condominium, $201,827

The resale condo available for sale is located at 1 Marble Farm Road in Maynard. It is part of an age-restricted 55+ development of 24 condominiums built in 2008. This affordable and spacious 2-bedroom, 2 bath condominium contains 1,969 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 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, and washer/dryer included. The maximum gross household income will be verified and compared to the HUD 2020 80% AMI income limits, which are as follows:

1 person- $70,750,  2 person- $80,850, 3 person- $90,950, 4 person- $101,050, 5 person- $109,150, 6 person-$117,250

Please see the flyer and application for more details and information on how to apply. This unit is being offered via lottery - the deadline to apply is Friday, 4/23 at 1pm, and lottery will be held on Tuesday, 5/4 at 11am. Please contact lara@rhsohousing.org with any questions.

2) Riverbend Condominium, Concord - Lottery for affordable resale condo, $163,750

78 Forest Ridge Road was built in 2002 as part of the Riverbend Condominium community. Unit 103 is located on the first floor of an 18 unit brick building governed by a Condominium Association. The building has an elevator, a sprinkler system for fire protection, and a key card security system with an intercom and video monitoring. This lovely, well-maintained unit has one bedroom and one full bath on a single level with 831 square feet of living space. The unit includes an open living room and dining room area connected to a galley kitchen by a pass through. The large master bedroom includes a walk in closet. There are hardwood floors throughout, with the exception of tile in the kitchen and bathroom. The unit has ample closet space, and there is an additional storage space designated for this unit on the lower level. There is a screened in porch right off the living area and abundant parking in the lot right outside the building.

The maximum gross household income will be verified and compared to the HUD 2020 80% AMI income limits, which are as follows:

1 person- $70,750,  2 person- $80,850

Please see the flyer and application for more details and information on how to apply. This unit is being offered via lottery - the deadline to apply is Friday, 4/23 at 1pm, and lottery will be held on Tuesday, 5/4 at 11:30am. Please contact lara@rhsohousing.org with any questions.

3) Emerson Annex, Concord - Resale condo available on first-come, first-served basis, $249,200

The resale condo available for sale is located at 58 Stow St, #5 in Concord. It is part of an 11-home condominium community established in 1988 by converting the old school at 58 Stow St. This affordable 2-bedroom, 1 bath condominium contains 808 square feet of living space on one level. There is a large open concept space with high ceilings for living and dining, a galley kitchen, and 2 bedrooms. The home has a private entrance on the side of the building, a bicycle storage room, and designated parking in the lot across the street. The hardwood floors have been refinished, and the rooms have been freshly painted. 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, and dishwasher included. The maximum gross household income will be verified and compared to the HUD 2020 80% AMI income limits, which are as follows:

1 person- $70,750,  2 person- $80,850, 3 person- $90,950, 4 person- $101,050, 5 person- $109,150, 6 person-$117,250

Please see the flyer and application for more details and information on how to apply. This unit is being offered on a first-come, first-served basis. The first eligible household to submit a complete application will be given the opportunity to purchase. Please contact lara@rhsohousing.org with any questions.

2) Habitat for Humanity homeownership lottery, 930 Main Street, Concord

Affordable, 2-bedroom duplex home available in Concord through Habitat for Humanity for $200,000. You may qualify for this affordable homeownership opportunity if you:

  • Live, work or go to school in one of the following cities or towns: Bedford, Billerica, Burlington, Carlisle, Chelmsford, Concord, Dracut, Dunstable, Lowell, North Reading, Reading, Tewksbury, Tyngsboro, Wakefield, Westford or Wilmington.
  • Meet the following family size and income guidelines: 2-person household- $61,880; 3-person household- $69,615; 4-person household- $77,350
  • Have a need for safe, affordable shelter.
  • Are willing to partner with Habitat Greater Lowell to complete sweat equity requirements of 225-450 hours building on your home and attending financial training/homeownership program.
  • You are a first time homebuyer (with some exceptions).

Homeowner selection will be made to the first applicant submitting a complete application packet and meeting all selection criteria. To request an application packet please email or call HFHGL Community Outreach Director, Lisa Garvey at lgarvey@lowellhabitat.org or 978-692-0927, or go to www.lowellhabitat.org. Applications will be available March 15 through March 29, 2021.

3) Oriole Landing, Lincoln, MA

Several affordable rental units are immediately available at Oriole Landing in Lincoln, MA. Below is the list of available units:

  • #1313 One Bedroom/One Bathroom, Top Floor, 618 sq. Feet, rent is $1678/month
  • #1104 One Bedrooom/One Bathroom, Ground Floor, 709 sq. Feet, rent is $1678/month
  • #2301 One Bedroom/ One Bathroom, Top Floor, 618 sq. Feet, rent is $1678/month
  • #2106 Two Bedroom/ Two Bathroom, Ground Floor, 1081 Sq. Feet, rent is $1876/month

If interested, please contact:

CHRIS FERNANDEZ, ORIOLE LANDING | COMMUNITY MANAGER, 781.463.0112 | CFERNANDEZ@MADISONMGMT.COM