Medfield, MA Real Estate
An Overview
The small town of Medfield sits in northern Norfolk County, Massachusetts. Today its population exceeds 12,000 people. The town has more than doubled in size since the 2000 Census.
This community occupies approximately fourteen and a half square miles. It sits at the crossroad of Routes 27 and 109, some fifteen miles southwest of the Boston city limits. The populous city of Framingham lies about ten miles northwest of this location. Residents easily commute into the largest urban area in Massachusetts to find world-class employment, shopping, dining, and entertainment opportunities.
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The village of Harding adjoins Medfield on the northwest. Millis sits about three miles southwest. The town of Walpole lies four miles southeast of this location. Westwood extends along Route 109 five miles to the northeast. Once a primarily agricultural community, today the town offers a mixture of rural and suburban scenery.
Residents can access Amtrak stations in both Westwood and Framingham. Both locations furnish parking on a temporary, paid basis. Logan Airport provides national and international commercial passenger flights. Interstate 495 lies some ten miles southwest of town. It offers rapid access to many communities along the outskirts of the Greater Boston Area and crosses Interstate 95, a major transportation corridor into Providence, Rhode Island.
Nearly one in five people here hold compensated positions within the local community. During 2010, about 6.4% commuted to other places for employment purposes, although this statistic may have increased during the interim. The community boasts a very well-education population, with the majority of residents over age 25 holding college degrees. A significant number of residents work in scientific, professional or technical fields. The town's location proximate to the Boston Metro Area has contributed to its rising popularity as a relocation destination.
This community does not contain extensive waterways, although several small brooks and streams do border portions of the town. These include Vine Brook on the west, North Brook on the east, and Nantasket and Sewall Brooks on the southwest. Additionally, two small ponds occur in the northwestern and southern parts of town: Mill Pond and Kingsbury Pond. Flooding has occurred in some locations here in the past, so prospective buyers may find it helpful to explore the availability of flood insurance in some locations.
The town benefits from an exceedingly highly rated public school system. Children can attend classes here from pre-school through high school without having to travel outside the local area. Private schools also serve pupils in the community.
College age students and older learners discover numerous options for academic, vocational and technical training within the surrounding region. Highly rated Wellesley College and Babson College both maintain campuses within a ten mile radius of this town. Framingham State University, Regis College, and Curry College all conduct classes slightly further away, but within commuting distance.
Residents of the town enjoy an extensive municipal infrastructure. The town supplies a full-time police force, plus a well-supported municipal library system. People living here visit hospitals and medical specialists within the Greater Boston Metro Area; an acute care facility sits within five miles of the community.
Single Family Houses For Sale or Lease
People searching for houses for sale or lease in the town discover a variety of choices: lots zoned for single family dwellings, mobile homes, modular homes, and many wood frame and brick houses. Since at least the turn of the century, the construction of new residential properties has occurred here on an ongoing basis. The mean value of real property has increased since 2000 as the town has grown in size.
While prices here do fluctuate based on supply and demand factors, of course, the community's proximity to the Boston Area likely helps drive the realty market in this location. Its impressive growth in size since 2000 has almost certainly contributed to the construction of new dwellings.
Standalone houses in the community command a spectrum of prices on the re-sale market. Listings here run from under $100,000 to well over $1 million. While prices have increased significantly during the past decade, prospective property seekers should appreciate listing prices sometimes fluctuate; they do not necessarily keep rising from one year to another. During the first quarter of 2018, some online sources suggested median house prices in the town stood at $663,000.
In general, asking prices for attractively landscaped detached single family wood frame or brick dwellings here tend to exceed prices commanded by comparably sized mobile homes and lots. Many factors influence sales prices. These may include the property location, the age, the floor plan, the condition, the construction materials, and the available features.
During recent years, developers built a number of luxury custom homes in this town. Some residences include extensive adjoining acreage. Houses often sit beside heavily wooded tracts, or amidst mature landscaping. This market offers both vintage and contemporary styles. Homes priced in the upper end of the listing spectrum here frequently tend to remain available longer than those priced competitively or below market.
Condos/Townhouses For Sale or Lease
Home seekers also discover a variety of condominium and townhome communities in this marketplace, including some luxurious developments. Sizes and listing prices for some of these properties cover a broad range. If you'd like to search for available condo or townhome units to lease or purchase, you'll discover many choices in this Massachusetts town, despite its comparatively small population size.
Listing prices of standalone dwellings typically exceed those of comparably sized condos or townhouses. Yet exceptions do sometimes occur. The town has benefited from the construction of some luxurious multi-bedroom and multi-bath condo units offering 3,000 square feet of space, or more. Home seekers also discover many smaller properties, including efficiency units, and single and double homes.
Prospective purchasers and tenants should consider carefully researching residential developments. Sometimes condo management associations differ in the level of services provided. While they usually maintain residential exteriors and landscaping, many also provide additional in-demand services, such as community recreation facilities or security features.
In this community, property seekers will discover condos and townhomes in a variety of different architectural styles and designs. Some large apartment buildings contain multiple condo units; in other cases, developments supply a series of attached townhomes surrounded by lawns or gardens. Prospective buyers can purchase units in established residential communities from private condo or townhome owners. They may also find units available in new developments.
Condo and townhome communities differ markedly sometimes in the policies maintained by individual management associations. Some communities welcome pets; others impose restrictions on pet ownership. Additionally, the regular monthly, quarterly, or annual fees paid by tenants may (or may not) cover services such as gardening and snow removal.
It usually proves helpful to research management association rules in advance of making a purchasing decision, particularly in the case of condos or townhomes intended as investment properties. Sometimes residential communities impose restrictions on subleasing. Additionally, in some cases provisions may exist for increasing association or HOA dues in order to keep pace with a rising cost of living index.
Apartments For Rent
Prospective property renters locate apartments for rent here in both apartment complexes, and in portions of standalone houses. For instance, some dwellings offer "mother-in-law" quarters with separate entrances. Depending on applicable zoning regulations, property owners may discover they can rent these premises to tenants in order to generate an additional revenue stream. (Although not apartments per se, some condos and townhomes also become available for subleasing in this marketplace from time to time.)
Landlords in this location frequently seek tenants who will enter into leases of at least a year's duration. Both furnished and unfurnished apartment units sometimes reach the market here. Tenants must typically supply a security deposit and complete a rental application and lease agreement.
The policies maintained by landlords vary with respect to issues such as pets, parking, smoking, and available services. Some apartment complexes prohibit or limit dogs and cats in rented units. Tenants may (or may not) enjoy access to designated parking spaces. Quite a number of apartment complexes here prohibit tenants from smoking in rented units. While many rental apartments furnish individual laundry facilities, some do not.
Since the vast majority of residents of this small town own their own homes, the availability of rental properties may vary sporadically at any given point in time. People seeking to relocate to the community with the intention of renting an apartment may need to search diligently to find accommodations due to the relatively small size of the town. Particularly in the case of households seeking large multi-bedroom units, beginning a search at the earliest possible date may prove helpful.
Rental apartments reach the marketplace from time to time in many surrounding communities. In order to optimize your chance of locating an apartment on short notice, it may prove useful to widen the geographic search area. Some apartment buildings allow prospective tenants to place their names on waiting lists. Taking this step may enable you to move to an apartment in a preferred location when a unit becomes available.
In addition to evaluating the condition of a rental apartment, prospective tenants without vehicles should pay close attention to the availability of surrounding services within the local area. Apartment complexes frequently stand close to transportation services, such as bus stops. Units within some houses or condo developments may lack ready access to bus transportation (although many do offer accommodations close to these sites). By checking into the proximity to local services and transportation facilities in advance of selecting a rental apartment, you may improve your satisfaction with your selection.
A Helpful Local Resource
Prices in this realty marketplace change from time to time. Recently, the Zillow.com website reported real estate in this community enjoyed an estimated mean value of $326 per square foot, considerably higher than the average value of $263 reported during the same period for properties in the Boston Metro marketplace. The Trulia.com website recently placed the figure at $294 per square foot for homes in this town.
Within small towns, the sale of some unique and exceedingly valuable properties in the local area may contribute to startling fluctuations in mean values from one period of time to another. This situation also sometimes impacts mean gross rental values, as well. When luxury homes rent for above-average amounts, then higher rentals also sometimes contribute to an elevation in the reported median or mean gross monthly rental figures. While not always so apparent in large cities where numerous properties change hands on a weekly basis, these transactions may impact reported mean prices for real estate in some locations with very few properties on the market during certain months of the year.
Boston City Properties maintains a special interest in realty located within the Greater Boston Metropolitan Area. We possess experience marketing and finding residential properties in this community. We'll gladly help you by sharing our knowledge and expertise.
We offer realty services which benefit anyone considering placing a home on the marketplace today. Our staff possesses familiarity with the local area. Consider asking us to help you market your home more competitively. For example, we sometimes prepare in-depth reports detailing the sales and rental market for single family dwellings, condos and apartments.
You may also find it helpful to ask our company for assistance if you'd like to locate residential properties for sale or lease in this town. Let us know your requirements and preferences for your next home. Harness our familiarity with the local area to assist your search for a new residence.
We also endeavor to help investors seeking to develop an attractive portfolio of properties in eastern Massachusetts. The rapid growth of the Boston Metro Area offers some exciting possibilities for finding outstanding locations for realty investment purposes. Whether you invest full-time or part-time, we think you'll appreciate our skilled and knowledgeable assistance!
Further Information
Would you like to obtain further information about services offered by Boston City Properties? We can help you market a home or search for real estate listings in Medfield and its environs. Our company aids many households considering a relocation. We also assist full-time realty investors.
To contact us, simply use the convenient website form. It supplies 24/7 access. Alternatively, you may also call us during business hours by dialing 617-247-1933. Tell us your about your interest in marketing or finding housing in this part of Massachusetts and we'll do everything possible to help your dreams become a brick and mortar reality!
Medfield Condo Developments
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