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Wellesley : Real Estate Advice

  • All41
  • Local Info10
  • Home Buying13
  • Home Selling3
  • Market Conditions0

Activity 19
Sat Feb 1, 2014
Heidi Zizza answered:
Lori, you should look at all available homes in this price range prior to starting a construction project that could run over budget. After seeing them all it will be easier to make decision. As law dictates agents cannot comment on one neighborhood being bettter than another. I know of some great homes in the price range in Wellesley even a new construction ready to go. You can call me at 508-277-2032
Heidi Zizza
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0 votes 10 answers Share Flag
Sat Jul 20, 2013
Evan Walsh answered:
Try Debbie Siegal at Westchester Mortgage in Newton. I can't make any promises but she would be a good place to start. Tell her Evan Walsh sent you.

debbie@westchester-mortgage.com ... more
0 votes 12 answers Share Flag
Fri Dec 11, 2009
Yannis Tsitsas answered:
Hi Rebecca,
below is info from MLS for properties listed and are currently active, UAG, or sold in Wellesley,in the last 6 months. Now from here on are the location, style, current interior exterior condition etc. I strongly recommend to hire a Realtor and have them do a market analysis and a spread sheet with all the info pertaining to obtaining the best answer to your question. Good luck, Yanni

Single Family Active Listings: 28 Average List Price: $705,846 Average Market Time: 99.04

Single Family Under Agreement Listings: 10 Average List Price: $714,790 Average Market Time: 38.60

Single Family Sold Listings: 44 Average List Price: $693,780 Average Sale Price: $666,476 Average Market Time: 65.91
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Mon Jan 14, 2013
Evan Walsh answered:
Feel free to contact us and we can discuss your options.

The Walsh Team
508-400-7063
info@walshteam.com

William Raveis Real Estate
50 Central Street
Wellesley, MA 02482
781-235-5000 ... more
0 votes 12 answers Share Flag
Thu Mar 28, 2013
Elizabeth Herbert answered:
I would suggest speaking with the Town of Wellesley Building Commissioner. Here's the information:

Contact Michael T. Grant
Building Commissioner and Zoning Enforcement Officer
Address: 525 Washington Street, Lower Level
Wellesley, MA 02482
Phone: (781) 431-1019 X2228
Fax: (781) 283-5724
Hours: Monday - Friday 8:00 - 4:00
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0 votes 4 answers Share Flag
Tue Sep 1, 2009
The Walsh Team answered:
Hi Rebecca,

There is a good amount of inventory right now in that price range. Currently the neighborhoods off of Weston Rd. and also the ones off of Oak St. behind Linden St. have the most to choose from. Feel free to send me your email and I can forward all the listings (in your price range) to you.

Evan Walsh
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Thu Sep 3, 2009
Russ Rougeau answered:
As a graduate of Needham High, a bordering town of Wellesley (and Arch Rivals) I can tell you the town of Wellesley has a long history of compassion, empathy and fair treatment of all of it's residents, as well as those in neighboring towns. A wonderful town as far as schools and in recreation. You will be very happy there.

If you aren't already working with a Realtor, I'd like to discuss my services with you. You may e-mail me directly at RussR@508ForSale.com or you may call me on my cell at 508-215-6278.

Either way, Good Luck.
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0 votes 4 answers Share Flag
Tue Jul 7, 2009
Nancy Quigley answered:
If you are working with a Buyer's Agent - that Agent can give you statistics that will either prove or disapprove the fact at question. If you are not working or under contract with an agent - I would be more than happy to offer you representation. I am a certified relocation specialist. Should you care to give me a call on my cell 508-446-4733 or drop me an email at nancy.quigley@century21.com

I would be more than happy to assist.
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0 votes 18 answers Share Flag
Sun May 3, 2009
Scott A. Nelson answered:
1value (noun)

2value (transitive verb)

absolute value

actual cash value

book value

breakup value

characteristic value

critical value

expected value

face value




Main Entry: 1val·ue
Pronunciation: \ˈval-(ˌ)yü\
Function: noun
Etymology: Middle English, worth, high quality, from Anglo-French, from Vulgar Latin *valuta, from feminine of *valutus, past participle of Latin valēre to be of worth, be strong — more at wield
Date: 14th century
1: a fair return or equivalent in goods, services, or money for something exchanged
2: the monetary worth of something : market price
3: relative worth, utility, or importance
4: a numerical quantity that is assigned or is determined by calculation or measurement
5: the relative duration of a musical note
6 a: relative lightness or darkness of a color : luminosity b: the relation of one part in a picture to another with respect to lightness and darkness
7: something (as a principle or quality) intrinsically valuable or desirable
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Thu Apr 9, 2009
Kathy Kelley answered:
Hi Frank, The most popular areas for 'knockdowns' in this price range have been on quiet side streets in neighborhood settings in the 10,000 sq ft building zones. Regulations went into effect last year which restricted newly constructed homes to 3600 sq ft of living space. Since then, builders have become less enamored of the 10k neighborhoods. Whether because of the new restrictions or a more difficult environment for the $1.5 mil new construction, the prices on the most recently under agreement or sold properties, on Brook and Alba for example, have slid to under $600K. This all assumes the lot is 'conforming'-- that is 10K+ in a 10K zone. The hottest areas would still be in the Beverly Road/Boulder Brook neighborhood as well as the Parker and Mayo area. A 15K lot in a 15K zone will be higher, and a 20K lot in a 20K zone goes MUCH higher. A private party or first time homebuyer will most likely pay more than a builder if your house is in reasonably good condition. Please feel free to contact me for a market analysis which will help you determine the best price and most likely market for your home. ... more
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Thu Sep 3, 2009
Scott A. Nelson answered:
One possible reason would be the location of the homes, the size of the lots they're on, architectural detail work that's tough to replicate even in high end new construction. Typically the older homes have better lots in possibly more desirable sections of neighborhoods with mature plantings.

It would come down to what you value & how you feel about each property individually, what your short & long term plans are, family situations, entertainment needs, commuting concerns, taste in style & decoration and dozens of other highly personal & specialized concerns.

Hope that help :)
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0 votes 12 answers Share Flag
Fri Aug 29, 2008
Elaine Bannigan answered:
Interesting question. I've lived in Wellesley for about 30 years. I live in Wellesley Hills, but my office is in Wellesley Square. Wellesley Farms could be divided into two separate areas - upper and lower.
The key to the answers in each area is simply density of neighborhood. The upper farms properties are, generally, on the biggest lots of the areas you've mentioned. 'Wellesley Hills', per se, is further divided into several areas. In fact, the term "Wellesley Hills" tends to be used by us Wellesley folks just to define the 02481 post office - not to define any specific neighborhood. I think you'll find just about anywhere, that the greater the neighborhood density, the more you'll see kids playing on the street and the more you'll interact with your neighbors. People who live near the square, love to be able to walk into town - more and more empty nesters in town search for properties within walking distance to the village.

When my children were young, I lived on a street in 'Old Cliff Estates' where the properties were pretty close together. My kids played on the street, my dog snoozed on the sidewalk, and we did various things together as a neighborhood. After we became empty nesters, we literally moved two streets over, but on an acre lot - we now have privacy and don't see our immediate neighbors that often. I hope this is helpful. The Realtors who work for me live all over town. One of them is President of the Wellesley Mothers' Forum, others are members of Wellesley Junior Service League, Wellesley Garden Club, etc. They live or have lived in areas from Wellesley Square to Poets to Country Club to Cliff Estates and Farms to College Heights to Sprague Estates, etc., We're always happy to answer questions and welcome new families to town. Best, Elaine
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Tue Aug 26, 2008
Earl Keiser answered:
Buying real estate is a business transaction, thus you should make an offer that you consider is commensurate with how you value the property. Do not be afraid that you will hurt someone's feelings with an offer - your offer may be more realistic than the seller's asking price and result in a contract. Get the dialog started........ ... more
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Fri May 16, 2008
Territory.com answered:
In the last 6 months 14 properties sold in the bates school district and all were above 1500 square feet but one which sold in the $400000 range and likely wasn't in the best shape. The sale price to original price is 94% which means that properties on average in this area are seeing price drops off original price of about 6%. In an area like wellesley it is sometimes difficult to use average sale price stat's because there is a big market for $1million+ properties that scew the numbers. So, in attempt to narrow it down, the 5 properties that have sold in the $700000-900000 range - all above 1600 square feet w/similar yards - have an average price per square foot of $419. I checked out your property of interest and looks like it may be just slightly over priced. I make this determination with very few interior photo's and certain upgrades can have an effect on value. I can see that the kitchen does not have top of the line upgrades (although it isn't a bad kitchen) and the living room/sitting room looks small(er) but the yard looks fabulous and level.

I think there is potential to get the property in the $770,000-780,000 range and there are 2 great comps to support an offer like this. That said the property has only been on the market for 2 days so the seller may be reluctant to take a lower offer today but you never know.

Hope that helps!
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0 votes 1 answer Share Flag
Sat Apr 26, 2008
Elaine Bannigan answered:
Property values are varied, depending upon size, age and condition. I would call this a transitional neighborhood with some newer homes and some smaller cottages in various condition. It's continually improving. As for Wetlands restrictions, it depends on how close you are to the Pond and what you want to do. Requires a careful examination based on what you mean by problems - you need to explain what your intent would be to remodel or expand and your exact proximity to a vegetated buffer zone. ... more
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Sat Jun 21, 2008
Michael Lefebvre answered:
You can't go wrong in Wellesley. Wellesley Fells is a great neighborhood. Top schools. Wellesley consistently ranks in the top towns of Massachusetts. Don't build on Route 9 (Worcester Road) and you'll be fine. ... more
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Mon Mar 24, 2008
Erica Burns answered:
List Office: RE/MAX Carriage Way Assoc.
List Agent: Sally Harper
Sale Office: Prudential Town and Country
Sale Agent: Sandra N. Avellone

Hope that helps!
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Thu May 1, 2008
Mary Crane answered:
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Tue Feb 26, 2008
Jon Ernest answered:
I don't know about all the restaurants in Wellesley, but you can find Ming Tsai's Blue Ginger in Wellsley http://www.ming.com/blueginger/
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