Blog :: 09-2015

Spotlight: Watertown Home of the Week!

Location, Location, Location!!! Spacious 1 bedroom condo in highly desirable Charles River Towers. Open floor plan, living room/dining room, balcony and spacious bedroom with large walk in closet. Updated kitchen with granite countertops, and stainless steel appliances. Professionally managed building with club room, outdoor in ground swimming pool and beautiful landscaping. Ideal indoor deeded parking spot located close to elevator. Easy access to bike & running path, shopping, parks and public transportation.

Don’t miss this one! Open house Saturday, September 26th, 11:30-1:00pm.

Click here to view the full listing!

 

Home Appraisals: The Wild Card of Real Estate Transactions

The mere mention of the home appraisal can strike fear in the heart of home buyers and sellers alike. As a seller, you can do everything right - get your home prepared to sell, select a qualified buyer with a great offer, dot your i's and cross your t's, only to find that the bank appraisal comes up short of what you believe your home is worth. If an appraisal comes in below the offer, a buyer could walk away from the deal, not wanting to pay a high price for a home that may not be able to sell for that at a later date.

But as with most things, there's more to it than that.

How appraisers value a home is only as accurate as the data they have to support their decision. Meaning, it is a quantitative process and they have to base their valuation on information that by nature is 'old.' Hot housing markets like Arlington or Medford that have seen a rapid increase in home values over the past few years can make it difficult for appraisers to get the most up-to-date information. Comparables are also part of the appraisal process, so when inventory is low (like it is now), and there are no similar properties to compare values, it only compounds the issue.

Buyers on the other hand, operate on a more subjective basis - they might love the style of the house, the location, the school district... It can be difficult for a buyer who has fallen in love with a home to hear that the bank does not hold it in the same regard. In today's real estate, value is not necessarily based on comparables or what your neighbor sold their home for, but rather what the buyer is willing to pay because of their individual situation and the personal value they place on the home.

At the end of the day, an appraisal in real estate comes down to the economics of supply and demand. As a buyer, it is important to understand what matters to you and what are you will to pay (or not) to get it. As a seller, the only way to know the true market value of your home is to sell it. And when you buy or sell your home with the #1 team in Arlington you can be confident you're getting the best input and direction based on the latest market conditions.

 

Image via: iQoncept, DollarPhotoClub

Spotlight: Arlington, Medford & Cambridge Homes of the Week!

You know, just another beautiful September weekend in New England. Equally beautiful are these three homes for sale in Arlington, Cambridge and Medford.

Make the rounds with your pumpkin spice latte and you'll be amazed by what these homes offer - space, location, views, amenities, you name it - we've got it.

76 Putnam, Unit 3, Cambridge     

This is a spectacular townhouse built by an award winning architect in 2001 and located outside of Harvard Square. This spacious 2/3 bedroom, 2.5 bath is the developer's unit and yields a modern floor plan with cherry floors on the first floor, custom moldings and details throughout, and serene outdoor spaces. Well-appointed kitchen with brand name appliances, ample storage space, granite counters, and cherry cabinets. Large living room with gas FP and formal dining room. Amazing master suite,3rd floor study with private roof deck with city views, in-unit laundry, C/A, private elevator, and 2 car garage. Awesome location! Stroll to the Charles River for recreation and relaxation. Jog, walk your dog, or just sit and watch the scullers row by! Shop at Whole Foods and Trader Joe's or grab a coffee at Peet's. Harvard & Central are close by with the Red Line, pubs and numerous dining options. Walk score of 93 "A walker's paradise." Minutes to North End, Airport, Back Bay, and major routes. (MLS #71904220)

View the video here

Listed: $1,695,000

What's Nearby: Harvard Square, Central Square, Red Line, Charles River, Back Bay, North End, Logan, shops and restaurants, Whole Foods, Trader Joe's and much more.  

 

488 Appleton Street, Arlington    

Ready for September Occupancy!! Welcome to Appleton Farms! Arlington's newest premier neighborhood offering 3 uniquely designed custom built homes by a well-known, local developer. These homes will offer extraordinary features and amenities with the highest standards of quality and craftsmanship. Each home will have 9' ceilings on the first level, a huge family room with a fireplace, which is open to the kitchen. The formal size dining room has a double sided fireplace that also opens into the study or home office. There will be custom moldings and trim, French doors, top of the line appliances, NEST thermostats and the garage will be wired for an electric car charger. The homes will offer 4 - 5 bedrooms with 4.5 baths, an open concept designed for entertaining. Terrific outdoor space with large decks and spacious rear yards. Location and layout have modern conveniences in mind! (MLS # 71892846)

Listed: $1,239,000

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

 

238 Governors Ave., Medford     

Terrific location, close to Middlesex Fells Reservation, a walking, biking and hiking paradise! This lovely cape-style home is sure to delight. The first floor boasts an eat in kitchen with a charming bay window, fireplaced living room with a large picture window and a wainscoted dining room. An additional family room with full bath and large, walk in, closet on the first floor, adds to the overall appeal and flexibility of this home's floor plan, plenty of space for guests, extended family, au-pair or teenage suite. Natural gum wood adds distinction to this well maintained home. The second floor boasts an updated bath, with great tile and a tub/shower combination plus storage, linen closet and three bedrooms with charming details. The finished basement offers great play space or "man cave", plus an additional room, perfect for a home office, wine cellar or separate storage and a sizable laundry area for all your gear! Don't miss this updated home close to Medford Square, Tufts and Boston! (MLS ## 71906260)

Listed: $549,000

What's Nearby: Medford Square shops and restaurants, public transportation, Commuter Rail, Middlesex Fells, Tufts University.

 

993 Mass. Ave., Arlington     

A rare opportunity to own a bright and sunny 2 level loft-style condo at The Millbrook. With over 800 square feet of space this unit features wood floors, cathedral beamed ceilings,  offering lots of character and an over-sized wall of windows that fills the very open and spacious living/dining area with wonderful light and serene treetop views. With the windows open you can enjoy sounds of the babbling Mill Brook. The well-planned layout has a main living level perfect for entertaining with a spiral staircase leading to 2 beds with an abundance of closet space. There is 1 full and a 1/2 bath. A perfect location! Set back from Mass. Ave., it has access to public transportation, grocery stores, shops, restaurants, and The Minuteman Trail. Additional storage and deeded parking in a heated garage, intercom security and guest parking. Pet friendly. Building has newer roof and carpets in the common areas. 1 deeded garage space, 2nd spot available in outdoor lot, 1st come 1st serve. (MLS #71906077)

Listed: $359,000

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

 

Arlington Real Estate

SINGLE FAMILY

Address

 

Rooms

Bed

Bath

Style

Price

38 Frost Street

9

4

2f 1h

Ranch

$689,000  

162 Scituate St

5

3

1f 1h

Ranch

$469,000  

11 Blossom St

6

3

1f 0h

Colonial

$449,000  

99 Grandview Rd.

8

3

1f 0h

Ranch

$635,000  

28 Buena Vista Road

6

3

1f 1h

Colonial

$569,900  

43 Michael St

6

3

1f 1h

Cape

$559,000  

4 Chester St

8

3

1f 1h

Cape

$629,000  

4 Carl Road

7

3

1f 0h

Bungalow

$479,000

 

CONDO

Address

 

Rooms

Bed

Bath

Style

Price

176 Park Ave. U:1

5

2

1f 0h

2/3 Family

$419,000  

745 Mass.  Ave. U:745

6

3

2f 1h

Townhouse

$749,900  

9 Teel St. U:9

6

3

2f 1h

Townhouse

$759,000  

15 Mt Vernon St. U:2

6

2

1f 0h

2/3 Family

$420,000  

993 Mass.  Ave. U:215

4

2

1f 1h

Mid-Rise

$359,000  

1057 Mass.  Ave. U:1

6

2

2f 0h

2/3 Family

$445,000  

 

 

Exclusive New Listing! 76 Putnam Ave., Cambridge MA

You don’t want to miss this spectacular townhouse built by an award winning architect in 2001 and located just outside of Harvard Square.

This spacious 2/3 bedroom, 2.5 bath is the developers unit and yields a modern floor plan with cherry floors on the first floor, custom moldings and details throughout, and serene outdoor spaces.

It boasts a well-appointed kitchen with brand-name appliances, ample storage space, granite counters, and cherry cabinets. There is a large living room with gas fireplace and a formal dining room. See the amazing master suite, 3rd floor study with private roof deck and city views, in-unit laundry, A/C, private elevator, and 2 car garage.

This is an awesome location! Stroll to the Charles River for recreation and relaxation. Jog, walk your dog, or just sit and watch the scullers row by! Shop at Whole Foods and Trader Joes or grab a coffee at Peets. Harvard & Central Squares are close by with the Red Line, pubs and numerous dining options. With a walk score of 93, this is a walkers paradise! Minutes to North End, Airport, Back Bay, and major routes.

You will thoroughly enjoy all that this home has to offer!

Click to view additional property details, including photos and pricing.

Open Houses

Thursday, September  17  (Broker Only), 11:30 am - 1:00 pm

Thursday, September 17 (Public), 5:00 pm - 6:30 pm

Saturday, September 19 (Public), 12:00 pm - 2:00 pm

Stay Ahead of the Curve - in the 'Burbs

Somerville is the new Brooklyn (or is it Allston now)? Hingham's Derby Street is the new Newbury Street. Burlington is the new South End.

We see a trend here.

Stuff is happening outside the city, and people seem pretty content to hang out in the 'burbs these days. And why not? With all of the shops, restaurants and the 'downtown' feel that many Greater Boston towns have worked so hard to cultivate, fighting traffic and strategizing for table in the city is a lot less necessary.

A recent article in the Boston Globe compared Burlington to the South End. Burlington. Ten years ago most people would have laughed and looked at you kinda funny. But not today. Towns like Burlington, Arlington, Medford and Winchester are turning into hubs of sophistication in their own right.

And communities like Holly Glen in Burlington were ahead of the curve. Development of these 32 single-family homes began in January 2013. Just 2 ½ years later homeowners at Holly Glen are enjoying the benefits of a beautiful new home in a vibrant area that was up-and-coming as the concrete foundations were poured.

Sound good to you?

We've got more projects just like Holly Glen on the horizon. If you'd like to stay ahead of the curve and learn about new developments (before they come on the market), please email: info@yourhomeforsale.com to join our mailing list. Don't worry, we won't bug you with anything but the latest updates on new developments we're working on in the area.

Just think, finding yourself a new home in a hot town begins with one click.

Image via: DollarPhotoClub, alpegor