Groveland Multi-Family Homes

Groveland, located in Essex County, is 34 miles north of Boston.

This is a small town with 6,781 residents, who work in a mixture of white-collar and blue-collar jobs. With 38.65-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $40,327, and $96,512 was the median household income. The average commute time is 31.17 minutes. Residents have access to the Merrimack Valley Regional Transit Authority. The MBTA Commuter Rail system is available in nearby Haverhill.

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Of the 2,500 housing units, 80.5-percent are owner-occupied with a median home value of $380,403 and a vacancy rate of 4.0-percent. In 2016, the average price for all housing in this city was $454,451. The average price for various types of housing in this city was $495,341 for single-family homes, $381,169 for townhouses or other attached units, $374,677 for two-unit housing, $269,007 for three- and four-unit housing, $235,447 for five or more unit housing, and $93,232 for mobile homes. The median house size is 2,500 to 2,600 square feet with the price per square foot ranging from $215 to $226. In the last five years, real estate values have appreciated 7.47-percent and 3.12-percent in the last year. The median age for housing in this city is 48 years. The average rent is $1,259.

This city has a low vacancy rate which is good if you already own investment property here. It is a tight real estate market with a limited number of properties available at any given time if you are looking to invest in real estate here. Pursuing property in this city could mean that you might be competing with multiple potential buyers for the same property. This could lead to higher prices, bidding wars, and making concessions to the seller. If you are interested in purchasing multi-family housing in this city, our agents know the area and can advise you on what properties should give you the best return on your investment and the best occupancy rate. With our large database, our agents can inform you quickly when property in this city is placed on the market, and they can show you properties in nearby areas where the market is not as tight. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents will help you get the most value for your investment.

Selling your property in this city should provide you with a lot of offers, our agents can help you set a price and create a marketing plan for you. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. Sometimes, potential buyers have to sell another property before they can close. This can slow down the sale and may even lead them to defaulting on the closing. If you have accepted their offer and waited, you could lose another potential buyer in the mean time. So let one of our agents analyze the offers for your property and help you sell your property quickly at a good price.

In this small, tight market, contact us to buy or list a multi-family property in Groveland.

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