North Reading Condos
North Reading is located in Middlesex County. It has a population of close to 15,000 people and sits along the Ipswich River. It has an active real estate market where a condo typically is available for less than 90 days before it attracts a buyer and is sold. Contact us to learn how we can represent you in buying or selling a home in the area today.
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Buying a Home
The process of buying a home here can be a challenge if you are not familiar with the pricing or what type of amenities you should expect when buying a condo. Based on current listings as well as condos that have sold recently, it is not out of the question to pay anywhere from $200,000 to $300,000 for a one or two-bedroom unit. If the home has more than one bathroom, the price can be even higher.
Three-bedroom units that have at least two bathrooms can be priced as high as $400,000. The price you pay for one of these homes does not cover the HOA fee, which can range from $300 to $500 per month. The HOA fees typically cover basic expenses like snow plow services, mowing, water, and trash hauling. They also may include concierge or on-site parking access.
Finding the right home to buy can be an exciting process. Allow us to help you when you hire our professional representation services.
Selling a Home
When you have one of these properties to sell, you understandably want to price it competitively. We can assist you in pricing and listing the property for sale. Contact us for our professional representation services.
The price you ask for the home will largely depend on how big the unit is and what kinds of amenities it has to offer. Some of the extras that can demand higher prices in the local housing market include access to on-site amenities like a swimming pool, exercise room, laundry room, and clubhouse. Some buyers also prefer to buy units where maintenance or management of the building is available 24 hours a day.
Buyers also want to know what kinds of utilities they can expect when they move into their new homes. You can disclose whether or not the place has central air conditioning and heating, forced gas heating, fireplaces, and cable ready connections. These details can make your place stand out from other listings for similar size condos.
Based on other listings of condos that have recently sold, buyers also may want to know what kind of layout your home has and whether or not it has an open floor plan. You can highlight if it has hardwood floors or wall-to-wall carpeting. If you are not sure how to list your home for sale, you can get inside knowledge of the local real estate market when you hire us to represent you and your property.
About the City
North Reading is made up of two main neighborhoods: Town Center and West Village. The first neighborhood, Town Center, is located on the city's east side. It comprises primarily of single family homes that range in size from two to five bedrooms. However, the neighborhood also has a number of townhouses and condominiums for rent and sale as well.
The average price for a home in Town Center is $582,412, which makes this part of the city more expensive than 78 percent of the neighborhoods found elsewhere in Massachusetts. The average price for rent each month is $3029, significantly higher than 96 percent of other state neighborhoods. Even so, the neighborhood has a low real estate vacancy rate of 3.2 percent, which is substantially lower than the national average of 11.7 percent.
The other neighborhood in the city, West Village, sits on the city's west side. Its average home price is $461,365, making it more expensive than 61 percent of other neighborhoods in the state. The average price of rent here goes for $2026, putting it under 33 percent of other neighborhoods and their rental prices.
Buying or selling a home can be a major undertaking. Call us for the representation you need throughout the transaction to ensure you get the home and price you want.
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