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Lexington : Real Estate Advice

  • All83
  • Local Info8
  • Home Buying23
  • Home Selling3
  • Market Conditions7

Activity 57
Fri Aug 11, 2017
Steve Bracero answered:
This will depend on what services your child is currently receiving. District or out of district placement?
0 votes 1 answer Share Flag
Thu Jul 14, 2016
Neishababy89 asked:
Thu Jul 7, 2016
Vista Paul asked:
Mon Nov 2, 2015
Andrea Merrill answered:
Most rentals are too expensive for Section 8. The Housing assistance voucher program (section 8) is limited to FMR (fair market rate) which is set by HUD. HUD says a 4 bedroom in Lexington, Mass should be $2023 a month, including utilities. So families with vouchers from these towns, who have jobs in these towns, have to move to places like Lowell, or worse... ... more
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Tue Sep 22, 2015
Debra (Debbie) Rose answered:
call a local agent - I am sure they will advise you properly (especially if it is a foreclosure)
0 votes 1 answer Share Flag
Fri Jun 5, 2015
John Cahoy answered:
House just posted in Lexington on 6/5 for less than 4k. Search online. Look at it this weekend.
0 votes 1 answer Share Flag
Sat Feb 28, 2015
Beth Sager answered:
Market style bidding is the only way to get the best price for your home. Everyone else is cutting a deal! Ask three realtors for CMA's as a start. I can help, live and work in Lexington. Thanks ... more
0 votes 7 answers Share Flag
Mon Nov 10, 2014
Joseph Fassari answered:
The answer from an appraiser. Highest and best use comes into question. Hypothetical reasoning can conflict with actual use. Not known is whether there is interior access. If not the cost to cure by conversion to a single family unit and creating interior access. Occupancy issues to current zoning will come into question with single family use. Some municipalities allow accessory kitchens for an in law apartment or other family use with a second kitchen and still be called a one family dwelling. Zoning just does not want homes chopped up into smaller sections unless allowed for the fear of occupancy issues. In my area of expertise I often find that two family dwellings are often not cared for and suffer obsolescence from deferred maintenance thus lower values than single family homes. Since most multi family homes are located in higher density areas external obsolescence must be considered. I would seek a real estate agent to comp out the home as a single family dwelling. If better comps are available seek a reconsideration of value based on a hypothetical assumption. And by all means create interior access so there is no cost to cure. A privacy door can utilized. The look and feel of a one family dwelling will come into question and its actual cost to cure to make it comparable to other single family homes similar to its original style. ... more
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Thu Oct 16, 2014
HoTa answered:
The fundamental difference which I believe drives a lot of the pricing disparities between these two towns is the access to public transportation into the city of Boston.

Wellesley has three commuter rail stops while Lexington has no real public transit options.

Wellesley also has a lot of "old money" and less ethnically diversity but I'm not sure if that drives the differences in home prices.
... more
0 votes 6 answers Share Flag
Fri Sep 5, 2014
markstephen713 answered:
I actually lived in Muzzy for over a decade. It was a very special place to live for me. As a original resident of Lexington I attended "MUZZY JUNIOR HIGH". The condo I purchased was the original Circa 1924 Neo Classical Auditorium original built for the use of "LEXINGTON HIGH SCHOOL". The answer to your direct question regarding usage as a "investment property". No.unfortunatly it can not be. The CONDO is governed by "The Lexington Housing Authority" known as "LEXHAB". Any individual that rents the property must abide by the strong restrictions so structured by the Condo Association in affiliation with LHAB. Sadly,now it is not appropriate for this structured association. AS the organization is allowed to operate allegedly oriented to financially aid those at a poverty level that warrants the restrictions so imposed. Hopefully some day soon an individual with the appropriate political connections will clearly illustrate that the present clientele and pricing do NOT qualify of MASS MIN requirements as "AFFORDABLE HOUSING". As a average income to live in the condo is around $150,000 per year. As that number does not reflect the poverty level Housing Aid Mass requirement. The space IS a wonderful place to live and interact with the community. Perfect as a transitional space for a decade or final life space. Tremendous Bang For Your Buck! Nobody ever lost money in a purchase. Myself and so many dedar friends had a terrific opportunity to live in such a special place. Thanks For Reading! ... more
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Sun May 18, 2014
Christine Moran Realtor & Notary answered:
You can always look on Zillow at the price graphs they have. It won't be accurate but it will show you the median and the mean
0 votes 1 answer Share Flag
Thu Nov 14, 2013
Manish Patwari answered:
In Lexington, you have 95/128 on one side and Route 2 on another.
You have more than million dollar homes next to highway. Of course, values are impacted, otherwise, they would have been even higher - you can see similar homes in other parts of the town. Again, the areas/location matters too. I hope this helps. ... more
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Thu Nov 14, 2013
Manish Patwari answered:
Check what I did to my house on You tube and decide for yourself. I hope this helps. Do look into Zoning laws of your community/town. I hope this helps and motivates.

http://www.youtube.com/watch?v=h7nsQ-Jj11E ... more
0 votes 8 answers Share Flag
Sun Oct 27, 2013
Wen Farina answered:
Hi Maria,

be sure to always check with the school before you make a move just to be sure
0 votes 2 answers Share Flag
Sat Sep 21, 2013
Anthony Piemonte answered:
As long as you all agree I do not think it would be a problem. I would suggest talking to your real estate attorney too.
0 votes 12 answers Share Flag
Fri Jul 26, 2013
Territory.com answered:
First, outline your timing and your wish list (including style of property, area/location, etc). Once you have a general sense of your needs then contract an exclusive buyer's broker. By working with a specialized agent you will keep your interests protected throughout the entire purchase process.

Good luck!

Territory Real Estate
Massachusetts Destination for Home Buyer's
617 848 5407 ext 704
... more
0 votes 8 answers Share Flag
Tue Jul 23, 2013
Greer Swiston answered:
The specific laws do differ a bit from state to state. I don't know if Washington state has them, but in Massachusetts, we have real estate attorneys who will work for a fixed fee. Also, when your brother "signs over" the property, there does need to be monetary consideration in order for the transaction to be binding ... a dollar is acceptable consideration.

Good luck!
... more
1 vote 4 answers Share Flag
Thu Mar 21, 2013
Territory.com answered:
Is this your home? Without knowing the spec's of the house it's hard to determine value. If you can tell us a little more information, including if you did any upgrades to the home since you took ownership, that would be helpful.

Here are some recent stats:

24 Oxbow went under agreement in just 16 days, listed at $485,000 :
http://www.territory.com/mlspin/71489790/24-oxbow-road-lexington-ma-02421

8 Oxbow just sold for $687,000:
http://www.territory.com/mlspin/71384395/8-oxbow-road-lexington-ma-02421

22 Oxbow just came on the market for sale, listed at $699,000:
http://www.territory.com/mlspin/71495329/22-oxbow-rd-lexington-ma-02421

Give us more info and we'd be happy to help give you current market value.

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701
... more
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