Blog :: 07-2015

Spotlight: Arlington Homes of the Week!

Summer is flying by but it's not done yet! There is still plenty of time to enjoy barbecues, beaches, and backyard hammocks -- and just the right home for you! We have three new listings this week, chock full of amenities, access to open space as well as city-like living.

See what's in store for you this week!

76 Thesda Street, Arlington

76 Thesda

Tranquil setting located on a private way near the Lexington/Winchester line. This ¼ acre landscaped lot is surrounded by trees and offers the perfect blend of privacy and accessibility. Easy access to Mass Ave., Arlington Heights Shopping District, Minuteman Bike Path, Route 2 and steps to the MBTA #67 Bus to Alewife Station on the Red Line. Enjoy open, green space at nearby Whipple Hill, Wright-Locke Farm, Great Meadows, McClennen Park, & the Arlington Reservoir in the Peirce School neighborhood. This is a 3 bedroom, 2 bath antique farmhouse with 21st century amenities; 5 zone heating system (2002), 100 amp electrical service, roof (2002), double pane windows (2005 & 2007) and updated bathrooms (2009 & 2013). It has a unique layout with 3 levels of living space, master suite with private bath and sitting area and open floor plan with lots of room to entertain as well as accommodate private office space. 6 car parking. Over sized deck (trex) built in 2011 to enhance your outdoor living experience. (MLS #71877723)

Listed: $529,000

What's Nearby: Arlington Heights shops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Pierce School.

7 Wheaton Road, Arlington

7 Wheaton Road

This spacious Ranch style home has been meticulously maintained and reflects 'True Pride of Ownership" is located on a quiet street close to the Thompson School and playground and all the wonderful shops and restaurants in East Arlington. The first floor has a very nice floor plan offering an open concept with a living room and dining room that is open to the over sized family room with cathedral ceilings that was built in 1992. The kitchen was expanded when the family room was built and it is quite spacious and updated with direct access to the deck and private yard. There are 3 spacious bedrooms and 1 1/2 bathrooms. The lower level is semi-finished with an over sized playroom and home office. There are numerous updates that include roof (2013) heating and A/C (2014) granite counters (2013) updated bathroom (2007) and much more. This is truly a wonderful home. (MLS #71877701)

Listed: $529,000

What's Nearby: East Arlington Heights shops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Thompson School.

56 Eliot Street, Arlington

This traditional New England style Cape home is located in one of Arlington's most coveted neighborhoods -"Kelwyn Manor" offers private beach access to Spy Pond and a private playground. The neighborhood has been written up numerous times in many publications as one of the most sought-after neighborhoods in Greater Boston. The house has 7 rooms, 3 bedrooms, 1.5 bathrooms, a sunroom and the potential for a family/play room on the lower level. The house needs extensive renovations and is being sold as is. There are limited showings and there will be no open houses. So schedule your contractor and have your agent schedule your appointment now. This is a great opportunity to buy into a fabulous neighborhood and renovate the home to your own specifications. (MLS #71877715)

Listed: $549,000

What's Nearby: Arlington Centershops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Spy Pond.

 

Arlington Real Estate 

SINGLE FAMILY 

Address

 

Rooms Bed Bath Style Price
5 Bartlett Ave 8 4 2f Colonial $525,000
76 Thesda St 9 3 2f Antique $529,000
7 Wheaton Rd 7 3 1f 1h Ranch $529,000
15 Eliot Rd 8 3 1f 1h Cape $549,000
8 Keats Rd 8 3 2f 1h Split Entry $549,900
150 Pheasant Ave 7 4 1f 1h Garrison $590,000

 MULTI-FAMILY  

Address Rooms Bed Bath Style Price
90-92 Thorndike St 11 total 4 total   2 Family - 2 Up/Down $670,000

 

The 'Fair' in Fair Market Value is a Funny Thing

We all know what #TBT means by now (ThrowBack Thursday, when you put a picture from the past on your social media sites) and we're taking it a step further and bringing a little #TBT - July Edition.

We scrolled back through blog posts of July's gone by to see what was happening and how things might have changed - or not.

Perhaps our favorite and most relevant July post goes back to 2011, All's Fair in Market Values and Asking Prices. Given today's competitive buyers market with its how-low-can-you-go inventory, people often ask us, 'Am I overpaying? Is this a fair price?'

"Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market."

Fair is a funny thing. What's fair isn't determined by the seller, the buyer, the REALTOR® or any other parties involved in the real estate transaction. Fair is at the market's mercy. Not to mention what's fair to someone else may not be fair to you - personal preferences such as schools, commute, and whether it is a fit with your financial situation also determines what's fair.

It is important to look at comparable homes in the area, and decide whether it is a good investment based on market conditions. With good advice and a healthy understanding of what is 'fair' to you, you can make the right decision for any situation or market.

Fair enough?

YourHomeForSale Blog: July #TBT

July 2014 - Six Month Check-up

"Our predictions included prices and interest rates continuing to rise, with higher-than-normal home prices would benefit sellers. Lower-than-normal interest rates would benefit buyers. For the most part, these trends have been true to form."

July 2013 - Looking for a Sign?

"If proof of results is the best indicator of a Realtor's ability to sell a home, then our map of SOLD signs proves just that." 

July 2012 - True or False? You Will Never Be From Arlington

"So when does an Arlington newbie earn townie status? Do you have to 'marry in'? Claim a place of residence for more than twenty years? Drop your 'R's?"

July 2011 - All's Fair in Market Values and Asking Prices

"...you also wouldn't buy a home simply because it's a good deal for the area - you need to consider personal preferences such as schools, commute, and whether it is a fit with your financial situation."

 

Image via: anibal, DollarPhotoClub

 

Spotlight: Arlington Homes of the Week!

Kids these days. Maybe the Regent Theater was so packed they tried to find a seat outside? We may never (want to) know.

TGIF everyone, and it is one fantastic Friday. We have an equally fantastic listing this weekend, too! Lots of updates + plenty of charm and character = a must see home.

Summer is in full swing and you don't want to wait much longer. The cost of waiting to buy a home is going to go up if interest rates nose upward. Don't delay!

90 Park Street Extension, Arlington 

50 Park Ave Ext

A unique and delightful stone-faced Colonial with an abundance of charm and personality, offering numerous updates. Located in Arlington Heights near the Minuteman Bike Path and Mass Ave. with all of its wonderful shops and restaurants, this home offers many recent updates and improvements but still has its quaintness and charm. There are 3 bedrooms and 1 ½ bathrooms, a front-to-back living room with a fireplace and a formal size dining room. The kitchen is quite lovely and was recently updated with a great stone floor, granite counters and stainless steel appliances. What will take you by surprise is the absolutely fabulous and spacious three-season porch with a pebble stone floor, lots of windows and vaulted ceilings. It's just eye catching and you will spend as much time enjoying and entertaining there than anywhere else. The house is a treasure and truly lovely. (MLS #71874280)

Listed: $579,000

What's Nearby: Arlington Heights shops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Pierce School.

 

Arlington Real Estate 

SINGLE FAMILY 

Address

 

Rooms Bed Bath Style Price
115 Wachusett Ave. 10 4 1f 1h Other $699,900
39 Alpine St. 7 3 3f Cape $579,000
230 Cedar Ave. 8 2 2f Cape $550,000
50 Park Avenue Ext. 7 3 1f Colonial $579,000
46 Spy Pond Pkwy. 7 3 2f Cape $879,000
22 Lawrence Ln. 5 3 2f Colonial $539,000
45 Hemlock St. 8 4 1f 1h Colonial $499,900
36 Sutherland Rd. 6 3 2f Colonial $449,900
120 Jason St. 9 4 1f Colonial $799,000
19 Brand St. 9 4 2f 1h Colonial $1,075,000

 CONDO 

Address

 

Rooms Bed Bath Style Price
62 Mount Vernon St. U:62 5 2 1f 2/3 Family $419,000
11 Spring Rd. U:B 4 2 2f Townhouse $429,900
142 Palmer Rd. U:2 7 2 2f Detatched $529,000

 MULTI-FAMILY 

Address Rooms Bed Bath Style Price
161 Mystic St. 13 total 5 total   2 Family - 2 Up/Down $825,000
120-122 Lowell St. 13 total room 7 total   2 Family $799,900

 

 

We Know Something You Don't Know

You don't know what you don't know. And sometimes you think you know, until you find out you don't. And you know that's not good.

We work with clients from all walks of life with all types of backgrounds and expertise. They know lots of stuff we don't know, and we would never try to do what they do. For example, we wouldn't walk into a classroom and begin teaching high school math, or start making trades like a portfolio manager, or perform surgery like a surgeon from MGH. We KNOW we don't know these things - and that's OK.

Knowledge is power and it's important to have a baseline understanding of certain things -- like basic math skills, how to save your money, and when to apply a Band-aid with Neosporin. However there is a point when it's best to leave certain things to the experts (AP calculus, currency hedging, heart surgery).

Same goes for real estate. It is worthwhile to have an understanding of the real estate market and what it takes to buy and sell a home. You should know things like, your FICO score, closing costs and contingencies. But the complexity of real estate transactions is increasing. Changing regulations and fluctuating markets have made real estate logistically challenging, and what you don't know can leave you powerless to the implications (legal, financial, emotional).

We've been buying and selling homes for clients in Arlington for more than 25 years. We would never claim to know everything, but we sure know a lot about negotiating, pricing, location, value, timing - you name it - when it comes to real estate.

We know something you don't know. If you are thinking of buying or selling a home, the knowledge of The Home Advantage Team is your advantage in a competitive and ever-changing real estate market.

"Everyone you will ever meet knows something you don't," - Bill Nye (The Science Guy)

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Image via: BillionPhotos.com, Dollar Photo Club

 

 

 

Spotlight: Arlington Homes of the Week!

Hello Arlington! It's shaping up to be one heck of a weekend - epic actually, according to NECN meteorologist Matt Noyes! This is the kind you write about to your non-New England friends who mocked your terrible winter.

Speaking of epic, there is no summer slow-down in sight when it comes to Arlington real estate, and we have SIX epic listings, including new construction.

The Home Advantage Tea will be hopping this weekend - see you on the open house circuit!

35 Aerial Street, Arlington  

35 Aeriel

Looking for a home that you can put your own ideas into to make it your own? Then this is the home for you. Located on a dead-end street near the Stratton School, this home has newer roof, windows, and heat but needs other updates and repairs. This is a great home if you are looking for a quick project. The house offers 3 bedrooms and 1.5 baths. There is a bonus room where the kitchen could be expanded into, or it could be made into a cozy family room. There is addition bonus space with fireplace in the lower level which could make a great playroom. This home is being sold as-is and buyers are requested to perform inspections or have contractors assess prior to submitting an offer. This home has lots of potential and endless possibilities! (MLS #71869872)

Listed: $479,000

What's Nearby: Arlington Center hops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Stratton School.

97 Ridge Road, Arlington 

97 Ridge

Don't miss this sun splashed raised ranch located in one of Arlington's most sought-after locations in the Bishop School district. Looking to be in before the school year starts? Then this is the home you have been waiting for. This nicely maintained 3+ bedroom home offers an open floor plan that includes an open kitchen and dining area with access to a play room. There is a large living room with wood burning fireplace which offers a great flow for entertaining. With 3 spacious bedrooms and ample closet space this is a must see! The lower level features a large family room with wood burning fireplace, laundry, a 1/2 bath and other space that could be used for storage or can be made into an office or bonus space or bedroom. There is an oversized 2-car garage which offers additional storage space. A large deck and backyard are great for summertime fun! Conveniently located near the school, bike path, and a short distance to public transportation and Arlington Center. (MLS #71870577)

Listed: $589,000

What's Nearby: Arlington Center shops and restaurants, public transportation, Mass. Ave., Minuteman Bikepath, Bishop School.

1 Watermill Place, Arlington 

1 Watermill

Watermill Place - one of Arlington's most premier condominium buildings! Located next to the Minuteman Bike Path and offering easy access to Mass Ave., this is a terrific unit if you are looking for easy access to Cambridge and Alewife. Watermill Place is a terrific building with its own private gym and the building is meticulously maintained. This one bedroom has its own private balcony off the spacious living room and dining area. There is a half bathroom and the master bedroom has a private master bath. Unlike other buildings, there is in-unit laundry. This unit has carport parking (space #32) and additional storage space. If you're downsizing or looking to stop renting you should look at this unit. (MLS #71869869)

Listed: $299,000

What's Nearby: Arlington Center shops and restaurants, public transportation, Route 2/Alewife, Mass. Ave., Minuteman Bikepath, Cambridge.

24 Albermarle, Arlington 

24 Albermarle

This is a rarely available Philadelphia-style 2 bedroom condo located in Arlington Heights. Enter through the large foyer into a living room filled with windows and natural light, including a stained glass window which is prominently featured in the room. The open concept floor plan leads you into the spacious dining room featuring a built in china cabinet. A large updated kitchen with built in cabinet dishwasher, granite countertops and stainless steel appliances lead to an outside porch, with access to the back yard. One bedroom is located on the first floor with an updated full bath. The 2nd bedroom is located on the 2nd floor. Numerous closets provide additional storage. Off street parking is available. A beautifully manicured back yard is an additional treat. There is easy access to Mass. Ave. which offers public transportation, shops, restaurants, and services. This wonderful condo is located in the Brackett School district. If you are looking for it all then this is a must see! (MLS #71870594)

Listed: $249,000

What's Nearby: Arlington Heights shops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Brackett School.

65 Broadway Unit 2 & Unit 3, Arlington 

65 Broadway Unit 2 Unit 3

GRAND OPENING! Just completed and ready for late summer occupancy! Absolutely stunning renovations from floor to ceiling completed by well-known builder. Offering a totally redesigned floor plan with high ceilings, formal living room and dining room with crown molding, two spacious bedrooms and a terrific master bedroom suite with walk-in closet and private bath with custom tile and large shower. The guest bathroom is full size and has a large laundry closet. There's crown molding, gorgeous hardwood floors and the kitchen is a custom layout with contemporary cabinets, with quartz counter tops. Virtually everything is new with gas heat, air conditioning, electrical, plumbing, new windows, rebuilt front porches, and siding. All this with two car parking and steps to public transportation and a short distance to Alewife,Teele Square and Davis Square. Finally, there's plenty of private storage in the basement for each unit! (MLS #71870613)

Unit 2 Listed: $629,000 

Unit 3 Listed: $639,000

What's Nearby: Arlington Heights shops and restaurants, public transportation, Route 2, Mass. Ave., Minuteman Bikepath, Thompson School.

 

Arlington Real Estate 

SINGLE FAMILY 

Address

 

Rooms Bed Bath Style Price
81 Sunnyside Ave. 5 2 1f Colonial $339,000
35 Aerial St. 6 3 1f 1h Cape $479,000
10 Peck Ave. 7 3 2f Cape $559,900
97 Ridge St. 9 4 1f 1h Raised Ranch $589,000
25 Newland Rd. 8 3 2f Split Entry $599,900
40 Henderson St. 8 2 2f Colonial $649,000
107 Ronald Rd. 8 3 1f Other $679,900

 CONDO 

Address

 

Rooms Bed Bath Style Price
1 Watermill Pl. U:318 3 1 2h 1f Mid-rise $299,000
24 Rockaway Ln. U:24 5 2 1f Townhouse $389,000
24 Albermarle St. U:24 5 2 1f 2/3 Family $429,000
8 Park Ave. Extension U:8 6 2 2f 2/3 Family $429,900
140 Palmer U:140 5 2 1h 1h 2/3 Family $479,000
132 Sylvia St. U:1 5 3 2f 2/3 Family $569,000
29 Egerton Rd. U:2nd fl. 8 4 1f 1h 2/3 Family $589,000
65 Broadway U:2 6 3 2f 2/3 Family $629,000
65 Broadway U:3 6 3 2f 2/3 Family $639,000
18 - 20 Prescott St. U:18 7 3 2f 1h Townhouse $679,000
71 Dorothy Rd. U:71 7 3 2f 1h Townhouse $769,000

 MULTI-FAMILY  

Address Rooms Bed Bath Style Price
40 Henderson St. 8 total 3 total   2 Family $649,000
107-109 Melrose St. 11 total 4 total   2 Family - 2 Up/Down $799,000

 

 

Arlington's Recipe for Success

Arlington's Recipe for Success

We've always said that Arlington has a cool factor that is unlike any other, and its mix of social and cultural capital have made it one of the most sought-after suburbs in Greater Boston. Average home sale prices are up, days on market and number of homes available are down, and everyone is looking for a slice of Arlington life.

Why is this, you ask?

One factor that is a natural facilitator of this kind of social capital is walkability. Walking down the street to get a morning cup of coffee at Kickstand Cafe instead of going to a drive-thru allows social interaction with friends, neighbors and even strangers. So does strolling down to Menotomy Grill or Common Ground where everybody knows your name a-la Cheers. Walkability fuels interactions which fuels trust which fuels reciprocity and community.

But walkability is only part of this dish. To use a marketing term, there is a certain 'stickiness' about Arlington. No, we're not talking about the seats on the 76 bus in the summertime. In marketing and website design, 'stickiness' is anything about a website that holds a visitors attention and encourages them to stay longer.

The stickiness of Arlington goes like this: when young working professionals move here from the city because it's more affordable yet still has that urban feel, they can stay to raise their families because of the good schools and kid-friendly amenities. Less turnover in a community = more ownership and participation. Come for the city-like vibe, stay for the family-like atmosphere.

Of course these are just a few of the reasons why Arlington has been a hotspot for so long, and for so many people. Just for fun, we whipped up our own home-made recipe for what makes Arlington a great place to live and call home (feel free to add your own ingredients).

In the meantime, if the idea buying or selling an Arlington home has been simmering, give us a call and we'll make sure you're cooking with gas.

Post_ArlingtonRecipeSuccess