Holden Condos
Boasting of a convenient location, this community is filled with historic buildings and beautiful roadways. Placed conveniently close to transportation options and other cities,this town has a small population and a community-like environment.
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Currently, the median price of a home in the city is at $288,725. In the last year, the median home price fell by $41,275. At the same time, the average price per square foot increased from $175 to $188. This mostly reflects tendency for home buyers to purchase smaller properties. This causes the price per square foot to be higher, but the total price is actually smaller.
Within this community, residents can find homes in several different sizes and price ranges. The median price for a two-bedroom home is presently at $218,750, which is 2.9 percent higher than it was a year ago. For a three-bedroom home within Holden, residents can expect to pay $276,950. Meanwhile, a four-bedroom house in the area typically costs about $432,500.
Enjoy a Beautiful Location
Spanning a total of 36.2 square miles in size, this picturesque community is placed in the heart of Massachusetts. The landscape in this community is formed by rivers and hills like the Quinapoxet River.
On the southeastern border of this town, residents will find the community of Worcester. The city of Rutland forms the community's western border. To the southwest of town, residents will discover Paxton. West Boylston and Sterling make up the eastern border of town. Meanwhile, the city of Princeton forms the northwestern boundary line of the town.
Why Investing in These Units Is a Good Choice
Housing costs are one of the largest costs in any budget. When someone rents a home, they are throwing away their monthly housing budget and giving it to the landlord. By buying a home, residents can begin developing equity from their monthly housing cost.
Other than creating equity, these units can often be found for a lower price than apartment rentals. In general, the homeowner will pay a monthly homeowners association fee. After the property is purchased, the resident can choose to live in it or rent it to a tenant. By renting the unit, the homeowner can gain a passive income stream and begin earning money from their investment.
Some people also choose these homes as a low-cost investment. While single-family homes can be expensive, there are many smaller units like these that can be found for a fairly low price. Some investors deliberately look for units that require extra maintenance so that they can flip the property right away. In other cases, the homeowner buys the unit with the goal of renting it out for a few years. Once the unit has gained in value, they can then sell it for a profit.
The Types of Options Available
Discovering the perfect property does not have to be difficult. Within this area, there are complexes that range in size, style and amenities. From luxury properties to basic townhouses, there are a number of options available. Residents can find the exact home they need for their price range.
Many of the smaller complexes are built in brownstones or converted, single-family homes. In this area, a popular option for developers is to renovate Victorian mansions and create multiple housing units. These types of units offer a classic, historic architecture and unique layouts.
In recent years, one of the most popular trends has been toward industrial chic lofts. Many of these loft units are built in converted warehouses and boast of airy interiors. Often, developers will keep the original design elements like brick accent walls and exposed beams. Residents can also find townhouse and duplex units within the area.
To find out how you can begin your investment journey, call or email Boston City Properties today. Whether you want to list your current home or find a new unit, our team of real estate professionals can help you begin your property search.
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