3304 Kensington Sq, Manchester, MD
The Occupancy Fee is $226,000.00 with our standard “Life Occupancy Agreement” entitling you with the right to live in the cottage basically indefinitely with a minimum of 25% ($56,500.00) refunded when you leave. If you should leave sooner than 10 years you would receive a greater amount based on your refund schedule.
The current monthly fees are $619.00 of which $239.00 is real estate taxes and $380.00 is maintenance. Manchester Manor pays the real estate taxes at the beginning of the tax year and the Residents reimburse Manchester Manor throughout the year. Depending upon your income and assets you may be entitled to a Maryland State Homeowners Property Tax Credit enabling you to reduce this expense.
This is a Coach Model A cottage with almost 1000 Sq.Ft plus the attached garage. This floor plan has two bedrooms and 1 bathroom. This Corner Cottage has a large walk in closet off master bedroom. There is a great view of the central garden and gazebo. This cottage is being renovated and will be available by the Beginning of January 2025. An allowance will be provided for flooring of your choice.
