Blog :: 08-2013

Spotlight: Arlington Homes of the Week!

We hate to say it, but so long summer. Before you get back into the September swing of things, we hope you can enjoy this one last weekend of fun in the sun.

In the meantime, have two fantastic listings this weekend - take advantage of a holiday weekend to beat the fall rush and find a home that is right for you.

"Choose a job you love and you will never have to work a day in your life." - Confucius

 3 Norcross Street, Arlington

3 Norcross

 Have you been looking for a house that you can fix up yourself? This is a great opportunity to buy a charming home in East Arlington close to the new Thompson School. It boasts 2-3 bedrooms, living room with fireplace, a large kitchen and mud room. Located on the corner of two quiet streets, this house has a huge back yard. Big enough that you can consider expanding the house or you can have a great garden and rear yard. The house gets tons of sunlight and is a real charmer. This is your chance to move into Arlington at an affordable price. (MLS #71575802)

 Listed: $329,000

 What's Nearby: East Arlington shops and restaurants, Alewife Station, public transportation, Route 2, Minuteman Bikeway, Thompson School.

 

17 Spring Valley Street, Arlington

17 Spring Valley

 Located close to the Minuteman Bike Path and Arlington Center's wonderful shops and restaurants, this charming home is perfectly tucked away on a quiet, dead end street - steps from the shores of Spy Pond. Enjoy summer boating as well as seasonal views from your private deck and sun room. Built circa 1800, this house retains its original charm and character while featuring many modern updates, including a remodeled kitchen, fully updated bathrooms, blown-in insulation, modern windows, and much more. With three bedrooms, 1 ½ baths, a lovely living room with fireplace, a terrific dining room, and a private patio on a secluded, wooded street, this home is a gem in a rare-to-market location. Short walk to playgrounds, Menotomy Rocks Park, schools and easy bus route access to Alewife and Cambridge! (MLS #71575622)

 Listed: $499,000

 What's Nearby: Arlington Center shops and restaurants, Spy Pond, public transportation, Menotomy Rock Park Minuteman Bikeway.

 

 

SINGLE FAMILY

 

 

Address

Rooms

Bed

Bath

Style

Price

3 Norcross St

5

3

1f 0h

Cape

$329,000

17 Spring Valley St

7

3

1f 1h

Colonial

$499,000

Spotlight: Arlington Home of the Week

It is, dare we say, the penultimate weekend of summer (Labor Day being the final, at least according to the school/business calendar).

It is too soon to speak of crisp days, apple cider donuts and football (or is it?). So grab your sunscreen and get yourself to a local beach to soak up the last rays of summer - and then go check out some open houses!

Psst...here's an insider tip, the weekend before Labor Day can be a great time to look for a home. Many buyers may be on vacation, which means less competition, and sellers are typically eager to beat the fall rush. So it's worth getting out there to see what's listed!

194 Lake Street, Arlington

194 Lake st

Prime East Arlington location! This wonderful Colonial has been meticulously maintained and reflects true pride of ownership! Spacious and sunny; this eight room home has three expansive bedrooms with a bonus room in the attic which is perfect for the potential fourth bedroom or home office. The kitchen is quite large and the family room is located adjacent to the kitchen and overlooks the rear yard and deck. There are beautiful hardwood floors throughout most of the home. The living room has a brick fireplace and the front porch is a lovely three-season. Convenient walk to bike path, Alewife Station and Mass Ave. (MLS #71573504)

 Listed: $469,000

What's Nearby: East Arlington shops and restaurants, Alewife Station, public transportation, Route 2, Minuteman Bikeway.

 SINGLE FAMILY

 

Address

Rooms

Bed

Bath

Style

Price

11 Yale St.

6

3

2f

Cape

$439,000

194 Lake St.

8

3

1f 1h

Colonial

$469,000

12 Ridgefield Rd.

7

3

1f 1h

Tudor

$589,000

31 Bonad Rd.

8

3

2f 1h

Colonial

$800,000

 CONDO

 

 

Rooms

Bed

Bath

Style

Price

65-67 Paul Revere Rd.

5

2

1f

2/3 Family

$322,000

4 Harvard St. U:B

7

3

2f

2/3 Family

$489,000

Sub(URBAN)

Sub(URBAN): adj., a little less sub, a little more urban. 1) "Jane decided to move to a subURBAN town for the benefits of a city-like atmosphere without the hassle."

Did you know the ability to walk to a coffee shop, playground, restaurant or public transportation has more of an impact on the value of your home than square footage or stainless steel appliances?

According to Zillow, 'New Urbanism' is the suburbs of the future. What exactly does this mean? It means people are choosing accessibility over isolation, walkability over of car-centric and smaller homes and lawns over McMansions. Sound like any towns you know west of Cambridge and east of Lexington?

Another article by Boston.com supports this theory with their article, '70s-style suburban living is dead. Town-centric connectedness is drawing everyone from millennials to boomers, singles to families.

This is exactly what we're seeing in and around Arlington and West Medford as well. With plenty of mixed-use neighborhoods, pedestrian bikeways, accessible public spaces, and multiple modes of public transportation, these are the poster children of the subURBAN town.

Interestingly enough, we had a comment to our recent post in the Arlington Patch 'Arlington's Top 10 Real Estate Facts' which asks about the lack of available homes for sale around East Arlington - known as a more 'urban' part of town.

Right now, urban, suburban and almost every type of town inside 128 is experiencing low levels of inventory. As I mention in my response, I believe lack of inventory is due to the number of homeowners that refinanced a few years ago. They are happy with the lower mortgage payments and since many may have renovated their home when they refinanced, they are under no great pressure to move.

But as places like East Arlington, Arlington and West Medford increasingly fit the profile of what is considered a desirable, walkable, accessible community, we'll likely see these markets increase in value. And when people living in these communities see that they can possibly sell their home for more than what they purchased it for, an increase in inventory should result.

And an increase in inventory will surely pave the walkable way for buyers looking join the new urbanism movement.

 

*Image via www.ealscoalition.org

Arlington's Top 10 Real Estate Facts

There is just so much happening with Arlington real estate these days it can be hard to boil it down into a) what's most important, b) to me, c) right now.

Arlington real estate is different than the Cambridge market, it's different than the Massachusetts market, and it's different than the U.S. market. While it can be influenced by these factors, it is its own entity with its own trends and statistics.

We get that it can be difficult to pick out what is relevant and what is extraneous for our housing - in Arlington or elsewhere. To break it down, here are my top 10 facts about the Arlington real estate market*.

1.      Single family home values have increased 8% compared to the same time last year.
2.      The average days on market for single family homes are 35 compared to 49 last year.
3.      The average price-per-square foot for condominiums has increased from $287 to $310 since last year.
4.      The average days on market for condominiums are 37 compared to 73 last year.
5.      There are fewer homes for sale than any other time over the past 20 years.
6.      There are more qualified buyers looking to buy in Arlington before interest rates increase.
7.      If you're thinking about selling, it's one of the best times in the past 5 years.
8.      Arlington is a premier community for first-time home buyers.
9.      Arlington offers some of the most distinctive properties in the Greater Boston area.
10.  Steve McKenna is the #1 real estate agent in Arlington & The Home Advantage Team is the #1 real estate team in Arlington.
*Arlington Real Estate 2012 vs. 2013 Year-to-date (January 1- June 30)

 

Spotlight: HOMES of the Week (Arlington/Lexington)

We are ushering in August with lots of new listings! Do you like spacious yards in the summer? Or cozy wood-burning fireplaces in the winter? Or do you just want to be able to walk to your local restaurant or theater?


 

Fret not, we've got a little something for everyone out there - take a look at our Spotlights this week and see if you can't find one that speaks to you.
 

 

This is a great opportunity to add your personal touches to a wonderful ranch-style home. The main living level features three beds and one bath, a wood burning fireplace in the spacious living room, hardwood floors, an eat-in-kitchen, dining room with built-in, and a heated room overlooking the yard. The lower level has a great family room with wood burning fireplace, a bathroom with shower, a utility room with washer and dryer hook-ups, and garage. There is central air and a level fenced yard. All conveniently located near Arlington Heights, Trader Joe's, and Starbucks! (MLS #71563624)
 

 

Listed:$449,000
 

 

What's Nearby:Arlington Heights shops and restaurants, Arlington Reservoir, public transportation, Route 2, Minuteman Bikeway, Dallin School.
 

 

 

 

This is a quality two-family home close to East Arlington and Arlington Center. It is located in a wonderful neighborhood with a private yard and two-car garage. Each unit in this spacious two-family has hardwood floors, living room, formal dining room, two spacious bedrooms, and an eat-in kitchen. There are rear porches off of each unit with plenty of room, and each has stairs to the unfinished attic. Property will be delivered vacant. This home has been in the same family for years and reflects true pride of ownership. Definitely the one to see! (MLS # 71563699)


 

Listed:$619,000
 

 

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

 

 

Add your personal touches to this wonderful ranch home on .45 acres in Lexington. The kitchen has been updated with granite counters, maple cabinets, stainless appliances, and a tile floor. There is a master bedroom with en-suite bath and tile shower. There are two other large bedrooms on the main living level, a large family room with wood burning fire place and hardwood floors. There is a quaint dining area open to the kitchen, and a fabulous heated porch compliments the main level. The lower level family room features another wood burning fireplace with knotty wood paneling. Add to it an oversized two car garage and plenty of parking! This is a very convenient location near Rt. 2, Wilson Farms, and Concord Ave. (MLS #71563701)

 

Listed:$689,000
 

 

What's Nearby:Lexington Center shops and restaurants, public transportation, Minuteman Bikeway, Wilson Farms, Concord Ave.
 

 

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

 

SINGLE FAMILY
 

 

Address
 
Rooms
 
Bed
 
Bath
 
Style
 
Price
 
46 Hibbert St.
 
6
 
3
 
1f
 
Cape
 
$349,900
 
31 Nicod St.
 
8
 
3
 
2f
 
Ranch
 
$449,000
 
72 Dickson Ave.
 
6
 
3
 
1f 1h
 
Ranch
 
$470,000
 
48 Newland Rd.
 
8
 
3
 
2f
 
Gambrel/Dutch
 
$599,900
 
32 Oakland Ave.
 
9
 
4
 
1f 1h
 
Colonial
 
$629,000
 
108 Oakland Ave.
 
9
 
5
 
1f 1h
 
Colonial
 
$675,000
 

 

CONDO
 

 

Address
 
Rooms
 
Bed
 
Bath
 
Style
 
Price
 
7 Bow Street U:7
 
5
 
2
 
1f
 
Townhouse
 
$325,000
 
72 Gloucester Street U:72
 
6
 
2
 
1f
 
2/3 Family
 
$379,000
 
12 Moulton Road U:12
 
8
 
4
 
1f
 
2/3 Family
 
$435,000
 

 

MULTI-FAMILY
 

 

Address
 
Rooms
 
Bed
 
Bath
 
Style
 
Price
 
64-66 Wyman St.
 
12 total
 
4 total
 

 

2 Family, 2 Up/Down
 
$619,000
 

 

 

Steve McKenna & The Home Advantage Team (HAT) Real Estate Report

Real estate is always a hot topic, and as we mentioned in the HAT Condo Report, everyone has an opinion about where it's going, when and why. But for most homeowners, it can be difficult to separate fact from fiction, and rumor from reality. 

 

 

This is why we are providing you the Steve McKenna & The Home Advantage Team (HAT) Real Estate Report - a compilation of both data and insight into the local real estate market (Arlington Real Estate 2012 vs. 2013 Year-to-date (January 1- June 30)).

 

 

 

Since 1986 I have been selling homes at Bowes Real Estate and I have never seen such an amazing market. Inventory is low and buyer demand is high. Interest rates are low and prices are increasing. That's all well and good - but what does all of this mean for your Arlington home? 

 

 

For years Arlington has been regarded as a terrific community with fabulous neighborhoods, good schools, great recreation facilities and top-notch stores and restaurants.  Arlington is favored by many home buyers for all of those reasons, along with great access to Boston and Cambridge, public transportation and the famed Minuteman Bikeway. 

 

 

But perhaps one of the most noticeable benefits to home buyers -- and one that makes Arlington even more attractive than ever - is that Arlington properties are still more reasonably priced relative to homes in surrounding communities. 

 

 

To provide you with the most relevant and up-to-date real estate information, we have pulled together the HAT Real Estate Report.