Home Buying in Arlington>Question Details

yiwen.gao0724, Home Buyer in Boston, MA

Are the house along mystic pkwy (rt 16), very hard to sell?

Asked by yiwen.gao0724, Boston, MA Fri Jul 26, 2013

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Any time you have real estate on a busy street, yes, it is much harder to sell / higher risk. In competitive markets like this one (priced right) a property on a busy street might be easier to sell because the inventory is so low.

Good luck!

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0 votes Thank Flag Link Wed Jul 31, 2013
I had a single family home for sale of Mystic Valley Pkwy in Medford last year and a condo in Arlington on the parkway a few years prior to that and both recieved multiple offers almost immediately. Many people shy away from the traffic where others see the value of the location (views of the river) and access to major routes and the commuter rail beneficial. I myself kayak along the river as well as walk the river daily.
0 votes Thank Flag Link Fri Jul 26, 2013
Any busy roadway is a negative for a section of the buying public. This tends to bring the price down. Look at houses that have sold and match similar houses on quiet streets to houses on the busy street that concerns you -- that is the telling example.There was a condo sold there last year on a side street. The tiny yard was right on MVP. It took a while to sell, but it did sell.
Mystic Valley Parkway has a mitigating benefit of being near that nice green space along the river. It won't be very hard to sell in the current market. The price is likely to be lower than similar houses that don't have 35-40 MPH traffic in front of them.
0 votes Thank Flag Link Fri Jul 26, 2013
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