Georgetown Multi-Family Homes
Georgetown, located 28 miles north of Boston in Essex County, is a safe, quiet, walkable, family-friendly city with a community feel. The schools are among the best in the state. The American Legion Park offers a music pavilion, baseball, tennis, volleyball, basketball, and a beach. Along with historical sites, the residents can enjoy the Crane Pond Wildlife Management Area, the Georgetown-Rowley State Forest, Boxford State Forest, and several ponds including Rock Pond and Pentucket Pond. The city includes these neighborhoods that are among the most expensive and popular neighborhoods in the city with the highest appreciation rates.
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- North Street and Thurlow Street
- Town Center
The 3,153 housing units in the city are 83.2-percent owner-occupied with a median home value of $501,641. There has been a 44.83-percent increase in the appreciation rate since 2000, which is an average of 2.08-percent per year. Most of the homes in this city were built between 1970 and 1999 with 18.0-percent built before 1939, 26.2-percent built between 1940 and 1969, 38.6-percent built between 1970 and 1999, and 17.2-percent built since 2000. The housing units are 77.5-percent single family housing, 5.7-percent townhomes, 7.9-percent small apartment buildings, 8.9-percent apartment complexes. The average market rent is $2,444 per month.
This city of 8,635 people has 87.08-percent employed in white-collar jobs and is in the top 5-percent of cities nationwide with workers employed in the areas of mathematics and computers. Among the residents, 46.49-percent have a bachelor's degree or higher. The average daily commute to work is 33.23 minutes, and residents have to go to Newbury to ride the MBTA commuter rail system. According to the 2010 census, the per capita income was $46,138 and the median household income was $106,016.
This information provides you with a place to start when selecting multi-family housing units in this city. With the help one of our knowledgeable and experienced real estate agents, you will know that you have selected the property(s) that will give you the best return on your investment and the best potential occupancy rate. Our agents use the knowledge that they have gained about the various markets, market trends, zoning restrictions, and potential development to help you select the best property for you. They will help you make an offer that will place you ahead of other potential buyers, and they will help you negotiate with the seller so that you acquire the property without paying too much. Hiring one of our real estate agents to act as your buyer representative provides you with a partner to ensure that your purchase and future ownership are a positive experience.
If you are considering selling some investment property in this city, hiring one of our experienced and knowledgeable real estate agents will help ensure that you sell your property at a good price quickly. Our agents know the current market trends and will advise you if this is a good time to sell your property. They can help you create a marketing plan and advise you on a price that will attract buyers but gives you room to negotiate. They will examine all offers and qualify buyers because issues such as a buyer who has to sell other property before they can close can delay or even result in default on the closing. This means the your sale will take longer, and you could lose another potential buyer while waiting. Hiring one of our real estate agents to act as your seller's agent will help you sell your property quickly and at a good price.
For a complete market analysis that creates the best plan for you, contact us to buy or list a multi-family property in Georgetown.
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