Blog :: 03-2013

Spotlight: Home of the Week: Holly Glen, Burlington

This week we are shining the Spotlight on Holly Glen. By now you have heard about the new development under way in Burlington, but wouldn't you like to see it?




Have you ever imagined yourself in a dream home within a dream community? Well don't leave what could be your next home to the imagination. Please join us on Saturday, April 20th as we unveil each of the architecturally designed homes at Holly Glen in detail. You can register for the event here.



*Please note that due to circumstances out of our control, the date for the event has been changed from April 6th to April 20th.


We hope you enjoy your holiday celebrations, and have Happy Easter, Happy Passover, and happy house hunting!




Holly Glen is a new residential neighborhood in the heart of Greater Boston. Picture tree-lined streets, homes with glistening floors, gleaming granite counter-tops, open floor plans, high ceilings, first-floor master bedroom suites, and clean lines - all within minutes to the best shopping, restaurants and activities the area has to offer. (
Coming soon to an MLS near you)


Listed:Starting at $599,900


What's Nearby:Easy access to highways (Route 128, I-93, I-90, Route 3 and Route 2), Burlington Mall, Wayside Commons, Middlesex Mall Lexington Center, Winchester Center and much more.


Open Houses


CONDO


Address

Rooms

Bed

Bath

Style

Price

43 Park St U:43

 

3

1f 1h

Townhouse

$389,000  

20 Forest Street U:1

 

2

1f1h

2/3 Family

$309,000  


Home Buying Bracketology

March madness is upon us - spring is here (and so is the snow), and the NCAA basketball tournament is in full swing. Which is why it seems like a good time to apply the idea of March Madness bracketology to the home buying process.


With inventory at such low levels around Greater Boston, it is more important than ever to have a firm grasp on your 'must-have' list. Your top picks may include a home in a neighborhood with good schools, near public transportation, with four bedrooms, 2 bathrooms, newer kitchen and a fireplace. You may not want to be on a busy road, corner lot or want to do a lot of updating.


While it ispossible to find your dream home with nearly everything you ever wanted, chances are you will have to make some sacrifices along the way - great location but far from work? Updated kitchen but on a corner lot? Four bedrooms but no fireplace? These are tough choices and can be eye opening when it comes to filtering through 'must have' vs. 'nice to have' vs. 'no way Jose.'

But how can you predict which items might get cut and which will make it to the final four? As they say, to be prepared is half the victory. For fun, try bracketing-out some of your home buying must-have's. When push comes to shove, (no fouling!) your top picks might surprise you. And having a better idea of your priorities going in to the home buying process could make your new home this year's Cinderella Story. 




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    Spotlight: Home of the Week: 7 Meetinghouse Circle, Bedford

    I think we can agree that the whole 'March comes in like a lion/out like a lamb' thing doesn't apply to New England. But the weather hasn't stopped a flurry of buyers looking for homes in Greater Boston!



    Did you know that people who live in Middlesex County are some of the healthiest in the state? We're shifting our Spotlight to another nearby (and healthy!) Middlesex County town that has a spectacular listing this week!


    'The Concord' at Prescott Farms in Bedford has the makings of your next 'forever home!' Check it out!


    7 Meetinghouse Circle
    Experience 'The Concord,' a favorite floor plan at Prescott Farms! Magnificently appointed and built with quality craftsmanship, this home has a stunning two-story foyer, 4 beds, featuring an impressive master bedroom with vaulted ceiling, huge walk-in closet, sitting area, and a tranquil master bath. The main level has an open flow through living/dining/kitchen/family rooms, as well as a study with French doors and additional bath. A huge basement, 2 car attached garage, and wonderful level yard are waiting for you to call it home. (MLS # 71497018)


    Listed:$879,000


    What's Nearby:Town of Bedford, highways, and nearby shops and restaurants.


    Scroll down to see other new listings in and around the Arlington area this weekend, and happy house hunting.


    SINGLE FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    21 Hawthorne Ave.

    8

    3

    1f 2h

    Colonial

    $679,000

    88 Bay State Rd.

    8

    4

    2f 1h

    Colonial

    $829,900

    35 Indian Hill Rd.

    6

    3

    1f 1h

    Cape

    $479,000


    CONDO


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    39 Sherborn St. U:39

    5

    2

    1f 0h

    2/3 Family

    $359,000

    122 Decatur St. U:6

    3

    1

    1f 0h

    Garden

    $196,500

    26 Cleveland St. U:1

    5

    2

    1f 0h

    2/3 Family

    $389,000

    57 Trowbridge St. U:2

    8

    4

    2f 0h

    2/3 Family

    $559,000


    MULTI-FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    158-160 Madison Ave.

    10

    5

    2f 0h

    2 Family - 2 Up/Down

    $490,000

    44 Montague Rd.

    8

    4

    2f 0h

    2 Family - 2 Side/Side

    $599,000


     


     

    (R)eally high, (E)quity = 0, (N)o appreciation, (T)ime to buy

    Rent. It has literally become a four-letter word and a major factor in homeownership decisions across the Bay State these days. A new report by the National Low Income Housing Coalition has uncovered that Massachusetts small towns and suburbs are the most expensive in the countryfor renters.

    The average monthly rent for a two-bedroom apartment in Arlington can run you about $2,007. While this is still less than similar rents across Bedford, Belmont, Cambridge, Medford, Lexington, Somerville and Watertown, it is still considered steep.On the flip side, 20% down on a $400,000 home at a 3.8% interest rate puts you at $1,500 for a monthly payment (this is a rough estimate, as there are other fees and costs involved), making the Rent vs. Buy decision a no-brainer in many cases.

    There are many valid reasons to rent. For example if you won't be in an area for long, if you're saving for a down payment, or if you need to be able to move quickly. It can also make sense to rent when home values are falling.

    But it is wise to buy when home values are on the upswing (like now), then the home you purchase will likely increase in value and build equity long-term. So while the monetary aspect of rent vs. buy is pretty clear, don't forget that the personal and financial aspects are equally as important to consider in your decision. 

    The housing recovery is well underway, and with low interest rates and skyrocketing rents, it looks like a great time to Begin your search, Understand the market, YourHomeForSale can help. 

    Spotlight: Arlington Homes of the Week

    We've got a lot to cover today, folks. Single-family homes, condos, multi-families - Arlington opportunities abound for all types of home buyers. Whether you're looking for a starter home, or upgrading to something more spacious, we have a little something for everyone this weekend.



    Take a look at our Spotlight homes of the week, and may the luck of the Irish be with you on your home search!


    According to City DataArlington is 29% Irish. But on St. Patrick's Day, we're 100%!


    100 Webster Street


    This is a quality two-family home close to East Arlington and Arlington Center. It is located in a terrific neighborhood with a private yard and two-car garage. Each unit in this spacious 6/6 two-family has hardwood floors, a fireplace in the living room, a sunroom, formal dining room, two spacious bedrooms, eat-in kitchen and a pantry. There is a newer roof, vinyl siding and one unit has a newer boiler. Property will be delivered vacant. (MLS # 71493656)


    Listed:$579,000


    What's Nearby:Arlington Center and East Arlington shops and restaurants, public transportation, Minuteman Bikeway.


    70 Valentine Road


    This meticulous home has been in same family for more than 30 years and reflects true pride of ownership. It may appear smaller than it is, yet from the moment you enter you will be amazed by the spacious rooms and large closet space. The living room has a beautiful fireplace, the bedrooms are very large, there are two rooms on the lower and you can see the owners really cared for this home. It has a terrific yard and you're in walking distance to the Dallin School. It's a wonderful home! (MLS # 71493649)


    Listed:$525,000


    What's Nearby:Arlington Heights shops and restaurants, public transportation, Minuteman Bikeway, Dallin School.


    16 Shawnee Road
    Brackett School and Menotomy Rocks Park opportunity!! This is a rare chance in Arlington to own an enchanting Cape-style home that abuts Menotomy Rocks Park. This unique home has lots of windows overlooking the private yard and park. The living room, dining area and kitchen are on the lower level with direct access to the patio. The second level has 3 bedrooms and a full size bathroom. There have been many updates such as newer roof, heat and electrical. All at an affordable price! (MLS # 71493650)


    Listed:$419,000


    What's Nearby:Brackett School, Menotomy Rocks Park, Arlington Center shops and restaurants, public transportation, Minuteman Bikeway.


    110 Medford Street


    A truly magnificent place to call home! This meticulous 7-room condominium has been exquisitely renovated and is absolutely stunning. It offers a fabulous open floor plan, a lovely, bright living room with gas fireplace, French doors, the formal size dining room is open to a gorgeous kitchen with stainless steel state of the art appliances. There are two spacious bedrooms, a front office area and rear entry with laundry, a private study/family room on the lower level, A/C and garage parking. It is stunning! (MLS # 71493654)



    Listed:$389,000



    What's Nearby:Arlington Center shops and restaurants, public transportation, Minuteman Bikeway.


    1 Vista Circle


    This is a great value for Arlington! Enjoy your summers in this lovely home that offers a beautiful private yard and garden with a spacious patio. A great condo alternative, this Ranch-style home offers two bedrooms, a large, eat-in kitchen with sliders to the patio, an office, living room and bath. The house has many updates such as central air, newer roof, newer front stairs and walkway and an updated bathroom. It's a terrific starter home with a nice yard! (MLS #71493648).


    Listed:$369,000


    What's Nearby:Arlington shops and restaurants, public transportation, Minuteman Bikeway.


    27 Overlook Road
    A terrific value for a wonderful, sunny 2-bedroom condo located in Arlington Heights and close to the Bikeway! This unit has been beautifully updated and is in meticulous condition, with two spacious bedrooms and a tastefully, renovated kitchen. Recent updates include roof, windows, and heating. There are hardwood floors throughout the unit. The master bedroom has an attached sunroom which is great for a home office or sitting room. The yard is private and there is garage parking! (MLS # 71493653).


    Listed: $299,000



    What's Nearby: Arlington Heights shops and restaurants, Arlington Reservoir, public transportation, Minuteman Bikeway.


    Scroll down to see other new listings in and around the Arlington area this weekend, and happy house hunting.


    SINGLE FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    1 Vista Circle

    6

    2

    1f 0h

    Ranch

    $369,000

    16 Shawnee Rd.

    6

    3

    1f 1h

    Cape

    $419,000

    130 Park Ave. Ext

    6

    3

    1f 0h

    Colonial

    $495,000

    70 Valentine Rd.

    7

    3

    2f 0h

    Cape

    $525,000

    20 Eastern Ave.

    8

    4

    2f 0h

    Colonial

    $589,000

    6 Upland Rd.

    10

    4

    2f 1h

    Tudor

    $799,000


    CONDO

     

    Address

    Rooms

    Bed

    Bath

    Style

    Price

    32 Hamilton Rd. U:105

    2

    0

    1f 0h

    Mid-Rise

    $159,900

    1 Colonial Village Dr. U:1

    4

    2

    1f 0h

    Low-Rise

    $169,000

    990 Mass Ave. U:50

    3

    1

    1f 1h

    Hi-Rise

    $249,000

    27 Overlook Rd. U:27

    6

    2

    1f 0h

    2/3 Family

    $299,000

    123 Sunnyside Ave. U:123

    5

    2

    1f 0h

    Rowhouse

    $310,000

    110 Medford St. U:1

    7

    2

    1f 0h

    2/3 Family

    $389,000

    131 Warren St. U:2

    5

    2

    1f 0h

    2/3 Family

    $389,900

    28 Silk St. U:28

    8

    4

    2f 0h

    2/3 Family

    $439,000

    9 Purcell Rd. U:9

    7

    3

    2f 1h

    Half-Duplex

    $559,900


    MULTI-FAMILY

     

    Address

    Rooms

    Bed

    Bath

    Style

    Price

    100-102 Webster St.

    12

    4

    2f 0h

    2 Family

    $579,000

    1279-1281 Mass. Ave.

    12

    3

    3f 0h

    3 Family - 3 Units Up/Down

    $769,900

     

    Listings! We've Got Listings Here!

    Condos! Single-family homes! Multi-family homes! Like the guys in yellow at Fenway Park, we've got goods to sell, and our Arlington listings are going faster than cold beers at a double-header in July.

    Housing inventory is at historic lows, which is causing some agents to send out home seller search parties. Yet we have a line-up of listings that are batting 1000. Two listings from this past weekend sold in a snap, and we've got seven more on deck this week.

    A deep bench of qualified buyers, low interest rates, and limited competition are making this a Perfect Storm for Sellers.

    So stay tuned to YourHomeForSale -- it's the best seat in the house for new Arlington listings.
     

     

    Spotlight: Arlington Home of the Week, 15 West Court Terrace

    "What is the warmth of summer without the chill of winter?" - John Steinbeck



    Now repeat this three times before you go shovel off your car (again) and curse the snow. When we called today's real estate market A Perfect Storm for Sellers, we meant it figuratively, not literally, Mother Nature.


    The good news is that we turn the clocks back this weekend, and tomorrow's sun will make today's wintery mess a faint memory - just in time for Sunday's open houses!


    Just think, our Spotlight Home of the Week is steps to the Arlington Reservoir Beach. In a few months you could walk out of your new home with a towel and some sunscreen to hit the Res J!


    15 West Court Terrace

    A truly special home! Deceivingly spacious, this meticulous 4 bedroom Colonial is perfectly located on a quiet cul-de-sac steps to the bike path, the Arlington Reservoir and beach, as well as the shops in Arlington Heights. This home has been beautifully updated with numerous custom features and details, including a gourmet kitchen, fabulous master suite, and gorgeous bathrooms, this is a must see! There is a lovely patio, garage parking, central air plus so much more. You don't want to miss this home. Move right in and enjoy. (MLS # 71490742)


    Listed:$719,000


    What's Nearby:Arlington Heights shops and restaurants, Arlington Reservoir, public transportation, Minuteman Bikeway, Pierce School.


    Scroll down to see other new listings in and around the Arlington area this weekend, and happy house hunting.


    SINGLE FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    46 Aerial St.

    6

    3

    1f 1h

    Cape

    $419,900

    24 Overlook Rd.

    7

     3

    2f

    Colonial

    $499,000

    15 West Court Terr.

    8

    4

    3f

    Colonial

    $719,000

    65 Thesda St.

    8

    4

    3f 1h

    Colonial

    $825,000


    CONDO


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    29 Grafton St. U:1

    6

    2

    1f

    2/3 Family

    $369,900

    32 Hamilton Rd. U:306

    4

    2

    1f

    Mid-Rise

    $314,500

    9 Ryder U:18

    4

    2

    1f

    Low-Rise

    $239,900

    41 Milton St. U:2

    8

    4

    2f

    2/3 Family

    $579,000

    7 Bartlett Ave. U:1

    4

    1

    1f

    2/3 Family

    $209,000


    MULTI-FAMILY



    Address

    Rooms

    Bed

    Bath

    Style

    Price

    98 Oxford St. U:2

    15

    7

    3

    2 Family - 2 Up/Down

    $729,000


     


     

    Selling a Home with Pets? Read This Furrst.

    What's even better than Cats? Apparently, cats. If you haven't noticed, there is a feline fascination sweeping the nation, largely fueled by lunch-time breaks watching these adorable fluffballs falling asleep, falling off countertops, or flinging themselves onto unsuspecting passersby.

    Cats on the runway at Fashion Week, a new cat game piece for Monopoly, the copycat festival in Somerville, and (click on this for a good laugh), "Fat, wet cat makes news anchor completely lose control of herself on live TV." The list goes on and on like an unraveling ball of yarn.

    Dog people love their dogs. Cat people love their cats. We're not touching that debate with a ten foot leash. While the two groups don't always see eye to eye, there are some rules all pet owners should take into consideration when selling a home.

    As much as people might like watching funny pet videos online, most people do not like seeing evidence of pets in a potential home.

    Even if they are pet-lovers themselves. Even if your pet is the cutest, most well-behaved of them all. Even if your pet has 500,000 views on YouTube. People don't want to see it, hear it, or most importantly - smell it.

    You never know if someone has an allergy or fear of pets that might have them walking out door with their tail between their legs before an offer is even considered. The best thing you can do if you're selling your home is have your pet stay with a family member or friend, or board them if possible.

     Of course, this is not always possible - it can be costly and can be tough on both pet and owner to be apart. In lieu of relocation, the next best option is to do a pet-cleanse. Meaning, get rid of the scratching post, kibble bowls, beds and all related fur for every showing and open house.

    The vacuum must become man's new best friend.

    It's a pain, sure. But just consider it another item on the list of preparing (and maintaining) your home throughout the home-selling process. Keep your yard clean, your home clutter-free and your pets under the buyer radar as best as possible.

    Because getting a great price for your home is goal #1, paws down.

    Home Sellers: This is Your Perfect Storm

    If you caught the Boston Globe article this past weekend, Local Housing Market Desperately Seeking Sellers, you might think that we've been sitting around hoping for the phone to ring.

     

    Quite the contrary. 

    If you look closely at the photo in the article, you'll notice the BOWES logo in the background, and the listing the couple is looking at was ours - I say 'was' because it sold the first weekend it came on the market.

     

    The Home Advantage Team has been busy. Really busy, selling 2-3 homes per week, or one home every four days, for another perspective. One home sold. Every four days. Since January 1st. And it's not even officially the spring market. 

    Based on MLS data, we're selling homes faster and for a higher price than all other agents in Arlington:

     

    (Jan 1 - Feb 28, 2013)*
    Single-Family 
    Condo 
    Days on Market
    Avg. List Price 
    Days on Market 
    Avg. List Price 
    Steve McKenna & 
    The Home Advantage Team
    12 
    $638,333 
    7 
    $398,333 
    All other Arlington Agents 
    17 
    $491,831 
    13 
    $351,316 
    *Properties in Arlington Under Agreement / Sold

    The Globe article is correct in that low supply and high demand levels make it challenging for antsy buyers who are ready to make a move. In my 27 years as a real estate professional, these are some of the lowest inventory levels I've seen - and yet we are as busy as we've ever been. Why?

    Because this is the perfect storm for sellers.
    1)There is a deep pool of qualifiedbuyers that are tired of waiting
    2)Interest rates are at historic lows (for now)
    3)There is limited competition (for now)

    Real estate is a market where timing is everything. There have been times when interest rates were low. There have been times of limited competition, and times with plenty of buyers. But it isn't often you have all of these factors coming into play at once.

    No one knows how long interest rates will stay this low, or when housing prices will peak. But we do know that with the spring market comes more competition. Sellers that have been hesitant to pull the trigger and put their homes on the market may find themselves fighting for the attention of buyers - rather than handling multiple offers and quick sales.

    So yes, we're busier than George Clooney trying to find Swordfish off the Grand Banks, but there's plenty of time (and opportunity) to beat the spring rush and catch the best price for your home.

    Spotlight: Arlington Homes of the Week, 17 Devereaux Rd., 7 Thomas St., 1 Watermill Pl.

    The real estate market is coming in like a lion! Single-families, condos, and multi-family homes are popping up like the tulips and daffodils we've all been waiting for.



    We have Spotlights (plural) this week, with lots to check out around town. Don't miss out on the great real estate opportunities Arlington has to offer!


     



    17 Devereaux Road

    This magical home near the shores of Spy Pond, the Pleasant Street Historical District and Arlington Center offers a lovely combination of original style with recent renovations. A 1920 Gambrel-style Colonial, this home has a spacious living room with fireplace, an updated kitchen with a Jack & Jill staircase, and a lovely dining room with sliders to a terrific deck complete with a hot tub. The master suite offers a fabulous bathroom and the 2nd floor has 3 large bedrooms and a magnificent bathroom. It has central air and a list of other renovations that you must see for yourself! (MLS # 71487411)


    What's Nearby:Arlington Center shops and restaurants, Spy Pond, Pleasant Street Historical District, public transportation, Minuteman Bikeway, Bishop School.


    Listed:$659,000


    WOW! Better than a condo, this meticulous home is a charmer and has a big, beautiful, private yard. You can move right into this two bedroom home, be happy for years and enjoy the serenity before planning to expand later. There's tons of sunlight coming in through the large windows and sliders. Relax on the huge deck overlooking your private yard. Numerous updates and renovations have been made, such as new roof, siding, windows, A/C and much more. It's just a great home! (MLS # 71487416)


    What's Nearby:Arlington Center shops and restaurants, steps to public transportation, Minuteman Bikeway, Bishop School.


    Listed:$369,000


    Watermill Place! Rare two bedroom unit overlooking a brook and courtyard with an oversized, private balcony! This spacious condominium has two large bedrooms, and an updated master bathroom with walk in shower. There are two garage parking spaces (#108 and #84) and the unit boasts tons of sun and privacy with lovely views. Located in one of Arlington's most sought-after condominium buildings, this unit will be in high demand and will not last.  (MLS # 71487633)


    What's Nearby:Arlington Center shops and restaurants, public transportation, Minuteman Bikeway, Pierce School.


    Listed:$359,000


    Scroll down to see other new listings in and around the Arlington area this weekend, and happy house hunting.



    SINGLE FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    7 Thomas St.

    5

    2

    1f 0h

    Ranch

    $369,000

    108 Wright St.

    5

    3

    2f 0h

    Ranch

    $379,000

    11 Clyde Terr.

    6

    4

    2f 0h

    Cape

    $439,000

    97 Ridge St.

    9

    4

    1f 1h

    Raised Ranch

    $560,000

    57 Kensington Park

    7

    3

    2f 0h

    Cape

    $599,000

    17 Devereaux St.

    8

    4

    2f 0h

    Colonial

    $659,000

    122 Claremont Ave.

    7

    3

    1f 1h

    Colonial

    $669,000


    CONDO


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    975 Mass. Ave. U:305

    4

    2

    2f 0h

    Mid-Rise

    $329,000

    1 Watermill Pl. U:123

    4

    2

    2f 0h

    Mid-Rise

    $359,000

    65 Freeman St. U:1

    5

    2

    1f 0h

    2/3 Family

    $365,000

    14 Fairmont St. U:1

    5

    2

    1f 0h

    2/3 Family

    $397,000

    51-53 Hilton St. U:1

    6

    2

    2f 0h

    2/3 Family

    $439,000


    MULTI-FAMILY


    Address

    Rooms

    Bed

    Bath

    Style

    Price

    6-8 Norcross Cir.

    10

    6

    2f 0h

    2 Family - 2 Up/Down

    $629,900

    47-49 Newport St.

    12

    6

    2f 1h

    2 Family

    $684,000