Lexington Condos

Placed within Middlesex County, this suburban community is filled with historic homes and landmarks. While it is famous for the Battle of Lexington, this city also has a reputation for luxury homes. Out of the entire United States, this town is ranked as the sixth most affluent small city.

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Because of the town's affluence, this area typically has higher home prices than buyers will find in surrounding communities. Right now, the median price for a home in the city is at $976,000. This price is actually 2 percent lower than last year because the sales price declined by $23,054. During the same time period, the average price per square foot rose from $452 to $516. For the most part, the higher price per square foot and lower sales price are a reflection of a growing trend toward smaller properties. To afford homes in this affluent area, many buyers are looking into condominium options and smaller properties.

Within this town, residents will pay a median price of $389,702 for a one-bedroom home. A two-bedroom property typically gets a price of $602,500. For a three-bedroom home, residents will generally pay $930,000. Meanwhile, the median four-bedroom home goes for a sales price of $1,267,500.

Enjoy a Beautiful Location

Located within the Greater Boston area, this quaint community spans 16.5 square miles in size. By car, it takes about 20.6 miles or 29 minutes to reach downtown Boston. Around the town, residents will find a number of other municipalities. The cities of Woburn, Arlington, Burlington, Lincoln, Belmont, Bedford, Waltham and Winchester all border this community.

Why Investing in These Units Is a Good Choice

These kinds of units are a popular choice among homeowners and investors. Because of their lower upfront costs, they are an easier way for home buyers to enter the real estate market. Once the property has been purchased, the homeowner can often rent it out to tenants. This option allows the homeowner to earn a passive income stream from their property while it accrues in value.

Other home buyers want to find a new residence where they can live. Since these complexes are often placed in desirable areas, they are a good choice for homeowners who need to be close to local amenities for work or for commuting.

Additionally, these properties typically have a quieter atmosphere than apartment buildings. Renters can buy these units and start building equity in their new home. Depending on the complex, these units can be offered in nearly any price range. There are often options available that are lower than stand-alone homes, so they are an ideal way for first-time buyers to purchase their first home. On the upper end of the marketplace, residents will find properties with a wide array of features, luxurious architecture and unique services. Within this range of properties, there are plenty of mid-range units that offer convenient features and a comfortable living experience.

The Types of Options Available

Discover the many different units available in this city. From over-the-top amenities to spacious layouts, these units are available in a variety of styles. Residents can find units within traditional complexes or in converted warehouses. Some of the most private communities are placed within brownstones, duplexes or townhouses.

Within this town, residents will find chic, luxury complexes. While these units tend to cost more than their competitors, they generally come with upgraded features and additional amenities. Depending on the complex, residents will find layouts ranging from studios to penthouses. Loft-style units are a popular option because they allow residents to maximize their floor space and give the unit a more open appearance.

Whether you want to buy or sell your home, Boston City Properties is here to help. Our team of real estate experts knows what it takes to locate the perfect home. If you want to buy or list a property, call us today to get started.

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