Home Buying in Winchester>Question Details

Fari Khaghnai, Home Buyer in Worcester, MA

What is the general value of 1 bed-room cando. in 200 SwantonSt.,Winchester,MA,01890

Asked by Fari Khaghnai, Worcester, MA Tue Apr 8, 2008

I use to live in Parkview,Winchester,MA.,I just want to know how much the prices of 1 bed room condos.,have dropped since last 2 years.I am interested to buy a condo.,there if the price is right.

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Territory.com’s answer
According to the MLS data, in the last 2 years (april 8, 2006- april 8, 2008) 19 1 bedroom units have sold in the complex.

The prices have varied between $220-$260/square feet (about $140,000 - $162,000) depending on the condition of the unit (upgraded with hardwoods, new kitchen, etc) and floor level , and I would say in the last year the prices have dropped about $10/square foot, so not drastic but declining. My guess, right now, you might be able to get an upgraded unit in the $150,000-155,000 range as opposed to the $160,000-165,000 range seen in previous years. You may also be able to get a unit in need of some upgrades in the low $140,000's and add value to it over the next couple years by upgrading kitchen and taking out carpeting.

For example this one ... After looking at the comp's it should be priced around $142,000:

http://www.territoryre.com/CC_Property.php?LIST_NO=70700401

Looks like there are a couple deals that you might be able to get as the other 4 1 bedrooms on the market right now have been sitting for a while. You could try coming in with a low ball offer and see what happens. It's your - buyer - market so you never know:

http://www.territoryre.com/CC_Property.php?LIST_NO=70669878

http://www.territoryre.com/CC_Property.php?LIST_NO=70688433

http://www.territoryre.com/CC_Property.php?LIST_NO=70656382

http://www.territoryre.com/CC_Property.php?LIST_NO=70650007
Web Reference: http://www.territoryre.com
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