Lawrence Condos
Located in Essex County, this town spans 7.4 square miles in size. For a suburban community, this area is fairly densely populated. Placed on the Merrimack River, Lawrence is surrounded by communities like Methuen, North Andover and Andover.
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Within this town, the median price of a home is presently at $235,000. In the last year, this price has increased by $14,000. During the same time, the average price per square foot increased from $142 to $178. A one-bedroom home in the area fetches a median sales price of $97,000. While a two-bedroom property costs $164,000, a three-bedroom property receives a price of $255,000. For a four-bedroom home, residents can expect to pay around $271,000.
Enjoy a Beautiful Location
Boasting of a convenient location, this lovely community is only 27 away from Manchester. It is placed just 30 miles to the north-northwest of Boston. Encompassing 7.4 square miles in size, this town is bordered by the Merrimack River on both sides. Residents can enjoy having a location that is only 26 miles away from the Atlantic Ocean.
On the southern side of the Merrimack River, residents will find the community of North Andover on the east. The city of Andover is placed to the south and southwest. Meanwhile, Methuen is found to the north side of the river. Residents can find properties with water views of the Merrimack, Shawsheen and Spicket Rivers. In addition, Interstate 495, Route 28 and Route 114 cross through the city.
Why Investing in These Units Is a Good Choice
With this type of housing option, residents can get a number of benefits. Unlike standard homes, these units are maintained by the homeowners association. Because of this, residents can enjoy having properties that are professionally managed. The residents can relax while the association takes care of the exterior maintenance, snow removal and landscaping.
Other than low maintenance, investors often choose these properties because they are relatively easy to sell and fix up. Once a unit has been renovated, the investor can quickly flip it for a profit. In addition, some investors choose to rent out the unit to tenants. Before buying a unit for investing, residents should make sure that the homeowners association allows rentals.
Within these properties, residents will often find unique features like panoramic views, fitness centers and other options. These added amenities are used by the community and included as a part of the community fee. In more luxurious properties, there are typically more amenities and features.
Whether residents want to rent, sell or invest in a home, these units are an excellent choice. With the right property, residents can enjoy having a beautiful home that continues to grow in value over the coming years.
The Types of Options Available
Within this city, residents can find a number of residential options. For a quaint, personalized unit, residents can check out some of the converted homes. Some of the Victorian homes from the 19th century were redesigned as multi-family properties. Meanwhile, brownstones offer a community-like ambiance with just a small number of residents.
In recent years, this community has developed a trend toward loft living and industrial chic spaces. Because of this, developers have converted old warehouses and factories into modern units. In addition to being exceptionally luxurious, these warehouse conversions offer many of the original architectural details. Residents can also find units that offer large layouts or private outdoor space.
If you need help discovering the perfect home, call Boston City Properties today. Our team of professionals has years of experience in navigating the real estate marketplace. We can help you begin your property search. To find out how we can help, call or email us today.
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