Personally if you are planning to only occupy for 3 years, I would not buy, I would rent. While the real estate market has shown signs of improvement, there is still no certainty about where the market will be in three years.
I always talk to my clients about intermediate and long term housing goals. I would always be leary buying real estate for the short term.... 5 years or less.
East Cambridge (near Cambridge street):
Somerville (there are a lot of areas near the train - these listings are displayed on a map so you can zoom in and see the proximity to those train lines):
Dorchester (again parts of Dorchester are near the train, zoom in):
Rents are pretty high right now. With interest rates so low you may be better served investing in your residence and paying at or lower than similar rental.
Territory Real Estate
Boston's Destination for Home Buyer's
617 848 5407 ext 704
I'm an EBA and I wrote a book called "Buying a Home: Don't Let Them Make a Monkey Out of You". It will be the best $6 you've ever spent. Follow the link below!
Best of luck!
160 Commonwealth Avenue, Vendome building, had a jr. 1 bed listed for $250,000 that went on the market a few weeks ago and sold in one day. The Back Bay is great place to buy a condo that you will later use an investment property because there is always a rental demand in this neighborhood and therefore you making a very stable investment!
The key is to have all application all set and then wait for the opportunity to appear. I would be happy to work with you in finding a condo that fits your needs. Please feel free to contact me at firstname.lastname@example.org.
Keller Williams ~ Metro Boston
607 Boylston St.
Boston MA 02116
With a $250K budget it's almost impossible to find a 1 or 2 bedroom in the inner city. Watertown, Belmont & Quincy are some of the areas where it's not to far from the city.