Lakeville Condos
Discover one of the most beautiful towns in the area in Lakeville, Massachusetts. Boasting of rural roads and beautiful lakes, this town is filled with natural areas. Placed only 40 miles away from Boston, this town is a part of Plymouth County, Massachusetts.
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Currently, the median price for a single-family home is at $326,000. This is actually a $76,000 decrease from last year. In the last 12 months, the average price per square foot fell slightly from $203 to $199. A two-bedroom home in the area gets a median price of $287,000. For a three-bedroom home, residents can expect to pay $340,500. Four-bedroom properties typically receive a sales price of $415,000. While home prices have temporarily declined, this change is not expected to last for long. Because of this community's desirable location, real estate prices are only expected to grow in the future.
Enjoy a Beautiful Location
This town spans 36.1 square miles in size. It is bounded by Middleborough on the east and northeast. The communities of Taunton and Berkley are located on the western border. Meanwhile, Freetown makes up the southwestern and southern borders. On the southeastern border, residents will also find the community of Rochester.
This stunning city is a part of Southeastern Massachusetts. Because of this, the town is placed only 20 miles to the west of Plymouth. While the community is located 30 miles away from Providence, it is only 20 miles away from New Bedford. Boston is just 40 miles away. Because of the numerous lakes and ponds in the town, home buyers can readily find properties with waterfront access and gorgeous views.
Why Investing in These Units Is a Good Choice
This type of property is increasingly popular in cities and densely populated areas. As the price of real estate goes up, this kind of complex has become a popular alternative to buying a stand-alone home. With these units, residents are a part of a larger complex. All of the residents pay a monthly fee to cover maintenance and upkeep. Because of this fee, residents do not have to worry about performing exterior maintenance, snow removal or landscaping. Instead, the property's management team takes care of the work.
Once someone buys this kind of home, they can use the property as an investment, a rental unit or a primary residence. Sometimes, people purchase these properties as a secondary home. When they are in the city or visiting, they can stay at the property without having to rent an apartment or a hotel room. Other people buy these units as their primary residence. If they decide to move in the future, the unit can often be rented out to tenants for a passive income stream. Later on, the resident can always sell the property for a profit. Because of the desirability of this area, the real estate market is expected to grow in coming years. Residents who buy a home now can generally expect it to increase in value by the time they decide to sell it.
The Types of Options Available
Discover the convenience of living at units in this area. Placed in convenient locations, these complexes offer a variety of architectural styles, amenities and layouts. Depending on the type of complex, the price range can vary. Residents who are on a budget can also save money by investing in a studio instead of a larger layout.
Within this area, there are units in brownstones, converted houses, duplexes and townhouses. For an industrial chic look, residents can check out units within converted warehouses and factories. Meanwhile, modern complexes offer a luxurious take on city living. Whether residents want a simple home or an expansive penthouse, there are many options available within this area.
Navigating the real estate marketplace is not always easy. If you are looking to invest in a property, Boston City Properties can help. Our team of real estate professionals can help you list, buy or sell a home. To find out how our team can help with your next investment, call or email us today.
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