Belmont Condos
Overview
Located approximately 16 miles away from downtown Boston, this city has a distinctively urban flavor, not only in terms of the amenities it offers, but the range and age of available housing options. The condo market here reflects both the town’s closeness to Boston and the quality of the units themselves. The average purchase price for a unit is $400 per square foot, and the monthly association fees range from $280 to $730. While there have been several recently completed complexes in the area, some of the most desirable properties were built in the late 19th century, and feature alluring period details. The most sought after properties tend to be located in downtown, and allow their residents to walk to restaurants, shops, and other businesses. On average, a listing in this area will remain on the market for three to four weeks before finding a suitable buyer.
Our Services
For those who are interested in buying or listing a condo in Belmont, we offer a special service that provides tailored suggestions for interested parties. By signing up for our service, our clients can save time wading through emails and expired listings and proceed directly to either viewing properties they are interested in or starting a conversation with a potential buyer. We have spent years in the local property market understanding how to develop and foster excellent working relationships between owners and investors, and we use that knowledge to help connect the best potential matches. Whatever specific type of unit our clients may be seeking, we can quickly help direct their search and save them enormous amounts of time.
Inside the Market
Because of the relative density of the area, large lots with ample amounts of landscaping are typical, especially for those units that were built after 2000. Many of these residences feature enormous exterior decks on the upper levels of the residence, making them perfect for entertaining during the seasonally appropriate months. High ceilings and artfully placed lofts and mezzanines create spectacular interiors that will invigorate both residents and visitors alike. Residences that were built before 1950 tend to have lower ceilings and feature floor plans with distinctive spaces, as opposed to a sprawling great room that spans the width of the structure. While not every unit has a fireplace, many feature elaborate stone hearths and mantels that can stretch from the floor to the ceiling. Hardwood flooring is typical in the common areas. Depending on the year of the original construction, the structure may have exceptionally wide planks in its hardwood floor: newer buildings to have more narrow planks.
The kitchens in the residential units in this town typically have an L or U shape, and feature a low counter or island with adjacent seating. These small islands facilitate socialization and also often create additional storage space, as well as an additional surface on which to prepare food. Wood accents, in the form of cabinets, closet covers, and wainscoting along the edges of a particular room, are a common decor feature in this area. Large banks of windows are also a frequent occurrence; many residences have a sliding glass door that leads out to a balcony or exterior deck from the living area or great room. This door doubles as a source of light.
Those investors who do choose to purchase property in this area will likely see a significant return on their initial investment. This is because the city at large has been actively developing available parcels of land. Many of these parcels have been slated for residential use, although several redevelopment projects are turning underutilized plots into active commercial or mixed-use zones. The city’s active downtown, which features a number of three story brick buildings, has been a reliable economic center for decades, and shows no signs of slowing down. In fact, the careful redevelopment of certain properties is generating new jobs and correspondingly increasing the value of residential properties. The city is also relatively accessible; there are two MBTA Commuter Rail line stops within the city limits, and the area can be reached via car by Route 60 and Route 2. With its mixture of public parks and bodies of water, the city functions as a beautiful and highly desirable community in which to live.
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