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02452 : Real Estate Advice

  • All8
  • Local Info1
  • Home Buying4
  • Home Selling0
  • Market Conditions0

Activity 51
Wed Oct 29, 2008
Territory.com answered:
Here are links to the properties you are interested in (there are google maps with actual live street views):
http://www.territoryre.com/idx/listings/70769654/details.html
http://www.territoryre.com/idx/listings/70798739/details.html

In regards to Myrtle Street, these are brand new townhomes that seem nicely upgraded and staged. Unfortunately because they are so new there is no sale history for other units (no direct comparables). When I did a quick search of townhouses with the same square footage I found 10 that have sold in the last year but none over $390,000. I took a fast peak at what these looked like on the interiors and according to the pic's none were as upgraded and new as Myrtle so that is likely where the extra $29,000+ is coming into play. I think the property is nicely priced as you get the garage parking, new amenities and an extra deeded spot. Generally speaking, Watertown has a pretty healthy townhouse market due to its proximity to the city. In terms of future value, I wish i had a crystal ball for you, but Watertown tends to have a pretty healthy market, again due to its proximity to cambridge (harvard and MIT) and Boston (schools, economy) and those things aren't going anywhere.

8 School St is also new construction and seems nicely done (amenities), close to the T. This property has been on the market for 288 days and has not had a price drop. The price per square foot is vastly different (better) in comparison to the Watertown property - twice the space. It is a little further out (from the city) than watertown and therefore the townhouse market might be slightly slower than the watertown as it is more suburban (families). I think Waltham is an interesting investment ... There have been a lot of local renovations and influx of corporate offices (tech) which is good for the local economy. I checked sold data: townhouses, last year, similar square footage and there were 11 sales, including a couple on school street. The highest price in this square footage range was $515,000. the other townhouses in the complex with similar square footage sold at $218 a square foot and one of them sat on the market for 300+ days. Who knows why 8 school hasn't sold perhaps it is as simple as a cool down in the market and the days on market being higher for this area - things simply take longer to sell.

I hope this helps!
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Thu Jun 12, 2008
Jon Ernest answered:
Watertown perhaps?
http://www.rls2000.com/link/detail.asp?listingID=70771502&agentid=106993&searchtype=&b=106993&&strstate=ma&txttown=watertown%3ama&cc=cc&txtstyle=xx&txtminprice=400000&txtmaxprice=430000&txtminbeds=1&txtminbaths=1&txtnumber=&search=search ... more
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Wed May 14, 2008
Jonathan Bowen answered:
Hi, it depends on what you are looking for. It's best to physically take a look at a few areas. I'd be glad to help and give some advice. :)
0 votes 1 answer Share Flag
Wed May 7, 2008
Michael Giles answered:
There are too many unknown variables to answer this question. Find a local Buyer Agent that can perform a market analysis on the property to give you a good idea of a fair market value. If it is over priced, it can be less insulting to the seller if you can explain your reasoning. ... more
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Mon Apr 21, 2008
Territory.com answered:
That area hits the Belmont line - affluent area with highly regarded schools. That area of waltham is also walking distance to the commuter rail, which is always a good thing when determining value. This particular street is also near Beaver Brook Reservartion - 59 acres of conserved land and a nice public park.

Here are 4 nice houses for sale right in that area:

32 Van Vechten St: 70745760
16 Royal Street: 70740741
http://www.territoryre.com/SF_Property.php?LIST_NO=70628297
http://www.territoryre.com/SF_Property.php?LIST_NO=70705155


Check out this website for school info:
http://www.greatschools.net/


Good luck!
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Fri Aug 17, 2012
Brecht Palombo answered:
Single - Unless you're in downtown boston or somewhere else where condos are the bulk of the inventory single family homes will always be better for resale - in my opinion
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Thu Apr 17, 2008
Michael Giles answered:
The first place I would go is to the building inspector. He/She will know of any zoning issues that may prohibit you from doing the work. They can also direct you to any other person that will be involved in the process (city planner, board of appeals etc...) ... more
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Sun Apr 6, 2008
Sona Merlin answered:
Condo documents are filed at The Register of Deeds office.
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Fri Mar 28, 2008
Brecht Palombo answered:
OK, please do not make condos right now. If you want to lose money you can mail it to me and I will actually set it on fire for you. If you are dead set on doing it generally you'll pay $700-1000 per plate to an architect and if there is parking another $1000 or so then you need to have the condo docs drafted by an attorney. If you are thinking you are going to do this and NET more money I would submit to you that you are wrong. I have done many many conversions- this is not the time. I would urge you to reconsider. ... more
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Wed Oct 2, 2013
Michael Lefebvre answered:
Rachel,
Check with the Waltham Building Department (link below). What we don't like to see as appraisers is an additional range down there. Finished basement with an additional bath is not typically an issue, but check with the Building Department. See if permits were pulled. It doesn't sound like there's any type of kitchen or range set-up so I'm thinking you might be OK. Hope this helps. LInk is below.....

Mike
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Tue Apr 22, 2008
The_Bayou answered:
Warrendale has become a very desirable neighborhood. Lately it seems to be the hot spot for young couples from Newton and Belmont that can not yet afford to buy single family homes in those towns. ... more
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