Pepperell Single-Family Homes and Other Properties
Pepperell is a town located in the Middlesex County of Massachusetts with desirable residential properties for sale. The listing prices are mostly affordable, which makes this place ideal for new homebuyers. Whether you are looking for a single-family home or a condo, you will find it here in this town.
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The real estate choices in various neighborhoods will provide you with what you are searching for from a one bedroom apartment to a three bed (or more) townhouse.
The median sales price in this area is just around $370k, which is why it is one of the ideal places to consider if you are new to shopping for a home. The inexpensive selections will provide you flexibility, especially if you want a spacious condo. The price per square foot in this town is only $166, making the homes here very affordable.
However, it does not mean you cannot find luxurious developments in this place. Some condo communities are quite lavish with deluxe amenities that you will mostly see at expensive hotels. In fact, some of the properties here, particularly single-family homes, are considered mansions that have an asking price of at least $1.5 million.
Single-Family Home Information
The houses for single families are available both for sale and rent in this town. From January to March in 2018, the average listing price of this type of property was $428,138 and the most expensive one at that time was listed for $1.5 million. As for rentals, the median rent per month was $2,400.
The market trends show that this town has a 20% year-over-year increase in the average sales price and more than 23% increase in the average rent per month. Last year, the sales prices were well within the $350k range, particularly during September and October. They fell around November, and some of the homes became quite affordable starting December.
However, the market was able to bounce back with at least 40 homes sold when the new year came. During this time, the houses started to have soaring prices perhaps because of the high demand. It is estimated that beginning July this year, more people will look at the properties in this town, particularly the single-family homes.
As for the average price for every square foot, the town had an increase of 18% compared to last year. During August and September, the homes were priced much lower, and it was only in November and December when their per square foot costs gained. March this year saw a decrease, but it is expected that the prices will rise once again, especially starting May. For homebuyers looking to see some discounts on single-family homes, it may be ideal to wait and see until August.
For those who cannot wait for the mentioned month, there will still be several properties with affordable prices. In fact, even huge single-family structures will have a low asking price. It all boils down to the information gathered by the potential homeowner.
Meanwhile, rents are likely to increase, which was the trend last year. For some time, the rental homes were priced around $1,000, but their prices increased starting June last year. Since then, they did not reduce their costs, and it is possible that the homes will reach at least $3,000 this year. For those renting out their homes or units, it may be a good time to put these properties on the market.
Many families in this area commute by car but with the proximity of some attractions and entertainment venues, some people walk to their destination. Public transportation is also easily accessible, but there are also others who choose to ride their bicycles. For this reason, many homes in this town, particularly those that are up for rent, have storage spaces for bikes.
Compared to nearby towns, such as Townsend, this area has more expensive homes. Townsend, for instance, has a median sales price of $260k which is one percent lower than the last four months. The median rent in the mentioned place is also much lower with just $2,075. Meanwhile, if you are considering your options between Groton and this town, it is much less expensive in Pepperell. The median sales price in Groton is more than $500,000, which is an 11% increase over the last few months. Plus the median rents also increased to almost 50%, a change that usually takes place every month.
The town has many single-family homes to offer, and some of them cost lower than $350k. If you are searching for a property that will fit your budget but will not make you feel that you are living in an inexpensive place, you will find what you are looking for in this town.
Condos and Townhouses
The condos in this area are quite affordable. In fact, during the beginning of the year, you could find such properties that are lower than $290k. The most expensive during the mentioned period was only $309,900, but this property has amenities that equal some of the fancy units in the surrounding areas.
It is great to be on the lookout for properties in this town because some of them reduce their prices now and then. Check the information about the town as often as you can; you never know when the costs of the properties will go down. For instance, the mentioned property with almost $310k asking price discussed above reduced its original price twice before it got sold. This particular unit has three beds and two full baths in a 2,200 square foot living area. It is a great deal.
All the units in the mentioned condominium have custom finishes, and the structure has been transformed completely. The natural light and the open floor concept are among the best features of the property. Other qualities of the units include recessed lighting, Lifeproof floors that come with a lifetime warranty, granite counters and soft close drawers and cabinets in the kitchens, and double floating vanities in the spacious bathrooms.
Perhaps one of the condominiums that will truly inspire you to purchase a unit is in Riverview at 41 Groton Street. This community has two stories of units with various amenities that will surely make the homeowners feel comfortable and even enjoy a lavish lifestyle. The condos are styled as townhomes, and in this building, there are ten choices. Some are already occupied while others are still waiting for a new owner.
The floor plan of this mentioned development includes a two bedroom unit with one bathroom in approximately 980 square feet of living area. Among the best qualities of the condos include large windows that welcome natural light source and wood flooring throughout the whole unit. Private spaces outdoors are provided to some residents, and there is a common deck for all the residents where they can gather and enjoy an afternoon surrounded by other people.
Another property to consider is a townhome complex located at 34 Lowell Road, which offers spacious living with several amenities that will make you feel you are conveniently at home. The floor plans mostly have two bedrooms that are indeed roomy with 1,450 square feet of living space. You can also find smaller and less expensive floor plans in the building, such as a unit with one bed and one bathroom.
Known as the Berkshire townhome, this place welcomes pets, including both cats and dogs but the latter should weigh less than 30 pounds. The exteriors of the townhouses include a deck that you can access through the sliding door located in the dining room. There is also a side yard with views of the nearby conservation space. Therefore, if you feel like spending some time outdoors, you will have plenty of things to enjoy.
The neighborhood is also made up of friendly people, but if you would like to stay indoors, you will feel comfortable as you relax in the unit with forced air heating and a cable-ready home.
Apartments for Sale in Town
Depending on the size of the apartment, as well as its amenities and its location, these factors affect the price of the property. During the first few months of 2018, the apartment homes in this town cost an average of $403,300 with the most expensive listing asking for $465k. Hollis Street, Cross Street, and Main Street are among the areas to look into for people who want affordable apartments for sale.
Some neighborhoods also have reasonably-priced rentals. One of the properties that caught the attention of several homebuyers was at 42 Main Street, which is an apartment that received many offers. The property has four beds and four full baths in an expansive estate that provides 7,840 square feet of living space. It can handle and give enough space even for multiple families.
The initial asking price of the apartment was $393,500, but it reduced to $385K, and it found its new owner. It shows that the properties here can have even more attractive pricing, especially during specific times of the year.
The mentioned apartment was indeed a great deal, mainly because it only cost $146 per square foot. The building is even historical, and it was built before the 1900s. It also has an excellent location in this town and is nearby shopping areas and dining options. The apartment is well-kept and has other units available, but this specific home is the most spacious.
The building also has some apartments that people can rent out where the most expensive monthly rental priced at $3,275. The amount, along with the cost of the apartment mentioned above, makes the property desirable for people searching for a home or even an investment in the area.
It is an apartment that sits on the corner of Crescent and Main Street and comes with paved off-street parking spaces for the new residents. The building has a full-front porch that is styled just like the exteriors of country homes. There is also a small backyard and offers new appliances in the kitchens.
Another apartment that went on sale was the one located at Groton Street. The unit was on the market for $465K, which was initially $479K. It is one of the biggest apartments in the area with a total of nine bedrooms and four bathrooms in 5,658 square feet of living space. It has a lot size of 0.26 and is designed for owners who want a convenient way of living.
There are rental units in the building, and there are also some that are solely up for sale. This mentioned unit, along with the others in this place, was completely remodeled. It is one of the best settings for people who are searching for a living space as well as those who want a commercial unit in the same area.
All the apartments here have two bedrooms, except for the most expansive one discussed above that was recently purchased. The living room and kitchen have new appliances and fixtures that evidently delighted the homebuyers. Among the other improvements included a hot water tank, gas boilers, vinyl siding, paved driveway, and new gutters. There is a utility room on the second floor where the residents can access the coin-operated laundry machine.
Other Choices Available
Apart from the mentioned homes and condos in the area, one of the most suitable places to live in this town for people who want a cozy home in the community is located on Main Street. The property is known as the Butterfield Farms, which has been providing spaces since the early 80s. These homes have modern amenities, spacious floor plans, and plenty of storage that the homeowners will surely love.
In this community, the floor plans have two bedrooms and one full bathroom. Some of the units have an additional one-half bathroom. The units measure at least 968 square feet up to 1,206 square feet with two levels of living space in most units. Natural lighting is one of the best features of this structure, which all homes have. It not only contributes to the airy space but also aids in less consumption of electric bills.
Options in this town are affordable although there are also others that demand a high price. It makes the real estate market suitable for both buyers and sellers. It is predicted that the homes in this area will increase in prices but not to the point that the buyers will no longer consider purchasing here. The properties will remain hot for those searching for a place, especially for their families.
Meanwhile, sellers who aim to invest out of the homes and rentals in this town will gain profits, particularly by the end of the year. Experts believe that it is a great time to purchase a property in this town, do a little renovation and improvements to upgrade the home, and sell it once the market becomes even more appealing to the buyers. It will typically start in July, although some buyers are ready to commit to a new home in June.
With properties that come with new improvements, such as updated kitchens and living rooms, it is no wonder that this town is one of the most sought-after places of people who want an inexpensive home with features that can be found in other comfortable and costly developments.
Pepperell Condo Developments
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