Plainville Real Estate Properties for Sale
Plainville is a simple and peaceful town in Norfolk County in Massachusetts. As a part of the Boston metropolitan area, this place has many things to offer, especially for people who love food. From American to Italian to Chinese restaurants, you can find it here. Plus, those who are looking for real estate properties will appreciate how the homes here, both for sale and rent, are quite affordable with excellent facilities.
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Although this place was discovered back in 1661, it took almost 250 years before it became a separate town. Since then, many people look at this area as a wonderful place to live in despite being the youngest town in the county where it belongs. One reason is that the properties in this area are quite affordable, especially if you compare them to the prices of the nearby towns and cities. Additionally, the area is surrounded by restaurants, shopping centers, and other attractions that can help make living in this town convenient.
Single-Family Homes in Town
The value index of the homes in this area is equivalent to $371,889, which is almost a five percent increase compared to last year. It is predicted that this number will rise to 3.4% in the coming months. The median home value is lower than the other cities, including Norfolk that has $485,400 and Wrentham with $423,100.
However, this town has a higher home value than Cumberland which has $255K, Central Falls with $142,100, and Attleboro with $271,300. These numbers indicate that this town is more favorable to buyers than sellers, although it is expected that the prices of homes will increase in the next few months. It means that the market will be quite competitive for both the sellers and the homebuyers.
From April last year to this year, the prices of single-family homes in this town are on an upward trend. In April 2017, the houses had an average asking price of $373K, but this year, the average has increased to $396K for March 2018. Experts believe that the costs will hike up even more in the coming months and may reach at least $408K. It is, therefore, an ideal time for sellers to put up their homes on the market, particularly single-family properties.
Many homebuyers are eyeing the houses in this town, particularly those that have one to two bedrooms. Those who cannot afford to purchase a new home yet typically choose rentals in this area. The good news is that this town has lower rents than the other parts of Boston Metro. The rent index in this area is $2,327, while Boston has $2,419. The rents in this town, however, are much higher than the rest of the United States where the average is only $1,451.
It seems that the market is in favor of the homebuyers at the current time, mainly because the median home sales have decreased over the past year. It is only one percent lower compared to last year where the home sales this year have a median amount of $2,150. However, sellers do not have to worry because the average price for every square foot has increased in this town. In fact, the homes that were once equivalent to $207 per square foot are now asking for $219 for every square foot this year. It is a big jump, and it is one thing that the sellers know they can benefit from.
Last year, one bedroom homes were at their most affordable point in September, but the prices increased steadily just one month after. These houses asked for more than $400K during the months of December up to February this year. They only decreased in March, and since then, they have been asking the same amount from the potential buyers.
As for the number of sales, many homeowners seek for a new home in September, which coincidentally, was the time when the houses were least expensive. When it comes to the prices of these properties, one-bedroom flats did not seem to change in their costs since last year. As for two-bedroom dwellings, they were around $228,900 last year, but this year, they increased more than 3% as most of these properties now ask $235,900.
Three-bedroom properties have decreased in their asking prices since they were around $355K last year. This year, they have reduced in cost as they average $326,250, which is a little more than eight percent lower than in 2017. Meanwhile, the good news for sellers is that four-bedroom homes are in demand these days, which is why their sale prices have increased at least five percent since last year. These properties were just $500K last year, but when this year opened, these homes now ask $525K.
On the other hand, rentals remained the same since November last year where the median rents were around $2,000. This amount is expected to decrease starting June this year and will likely improve in August where the properties may begin asking for at least $3,000. For those who plan to rent in this town, the months with the most number of rentals are from April to June, which is a great time to rent because of the prices also go down.
Condos and Townhomes Available in This Town
Condos are as prevalent as the single-family homes in this area. In fact, more than 20 condos on average are up for sale almost every month. The average listing price for this type of property is $450,339, which is nearly the same as the price for single-family homes within the period of the first three months of 2018. Meanwhile, the highest list price for a condo or a townhome in this area is $549,900.
There are several places in this town where you can find feature-rich condos, including Terry Lane, Potter Avenue, and Willow Lane. All these areas have condos for sale, and some are even available for rent. One of the most notable condominiums in this town is dubbed as The Nightingale. This property is highly sought after because of its amenities that are almost identical to the luxury homes in many cities.
From the first level to the other floors, this condo is packed with amenities that will surely make living here more comfortable than ever. The master suite is located on the first floor, along with the gourmet kitchen and the living room with an elegant fireplace. The upper level has two bedrooms and baths while outside, there is a heated garage that can accommodate up to two cars per homeowner.
Another property in this town is Wood Grove, which is situated at 18-23 Potter Avenue. It is a townhouse community that offers up to three bedrooms with one and a half baths. These homes are certified to be spacious with open floor layouts. Each unit has two stories that span up to 1,560 square feet that the homeowner can use as living space. This townhome is friendly to pets with some restrictions but ensures that both you and the animals will remain happy at all times.
Wood Grove has plenty of amenities that are usually not found in other condos. For instance, the living rooms are sun-kissed, and it has the dining area and the kitchen in separate rooms. The kitchen is worth mentioning because it has several cabinets, which mean that it is a great place in the house for storing items. Some units even have all the necessary appliances that will make meal preparations a breeze. These appliances often include refrigerators, dishwashers, and a range. Chefs and cooks will undoubtedly love working in the designer kitchens.
Meanwhile, the second-level floor plan includes the main suite that is large enough to contain a king-sized bed and many other pieces of furniture. There are also two more bedrooms in this part of the townhouse. Outside, there is a deck where you can view the lush, green yard. It is indeed one of the best places to relax when you are at home.
Another condo in this town is located at 48-97 Terry Lane, which is known as Eagles Landing. It is a condominium complex with two-floor plans, and the units have amenities that will provide comfort to the person living there. The townhouse has modern facilities, including a gourmet kitchen that has granite counters and a center island. It also uses maple cabinetry for storing items and stainless appliances to ensure preparation of meals is neat and easy.
The living room uses hardwood floors, and this area also has vaulted ceilings. Fans are installed all over the place, and there is a gas fireplace as well, which makes the space quite luxurious and cozy. The master bedroom is situated on the first floor of the homes in this condo, and there is a walk-in closet guaranteed to provide tons of space for storing clothes, shoes, and other items. A bathroom is attached to the main bedroom where you can find a walk-in shower and a huge vanity.
Apartments to Buy or Rent in Town
If condos and single-family homes are not for you, you may want to look at the apartments in the area. This type of property may not be as widespread as the others, but they are mostly more affordable. The average listing price for the apartments is $477,966, and most of the structures offer at least four bedroom units. The highest list price is only $675K which has tons of space that is perfect for families with several members.
The apartments in this town are typically reasonably priced. For instance, the apartment at Willow Lane offered two beds and 2.5 bathrooms in 1,879 square feet of living space and had an asking price of less than $380K. This unit was quickly off the market because it is located in a highly desirable part of town. It is a part of an apartment that contains more than 55 units.
This particular end unit faces west and has a car garage space for each resident. Some apartments offer a private deck, but those who do not have this feature can still benefit from the shared sundeck where anyone can enjoy the views of the town. This apartment also has other amenities, including stainless steel appliances in the kitchen, such as a refrigerator, dishwasher, microwave, and disposal. Hardwood floors are used in the living room as well as in the kitchen.
In the first floor of the unit, there is a laundry room that comes with a stackable dryer and washer. The cathedral ceilings in the living room are worth mentioning with the ceiling fans and the walk-out space that leads to the private deck if the unit comes with this feature. Most of the units have plenty of storage space, particularly in the closet and the attic. The master bedroom is connected to the master bath, while the other bedrooms are located on the second floor of the building.
There is a bonus room on the second floor that the resident can transform into an office or even a guest bedroom. This property is can also be a great home for more than one family. Aside from these mentioned apartments, there are also properties for sale that come with affordable prices. Therefore, they are ideal for people who are new to home-buying.
New construction in the area shows that there will be more condos and apartments soon. Most of them target people who have smaller incomes as well as the artists who work in this town.
How to Find Affordable Homes in This Town
Plainville has plenty of options for new and experienced home purchasers. For those looking to save on a property, they can check out the foreclosed homes that are located all over the area. Some of these homes are a great deal, especially those located at Spring Street where a single-family home has five bedrooms and two full baths. This particular property offers almost 2,500 square feet of living space and is estimated to be less than $290K.
Meanwhile, there are also newly constructed homes in town. If you want to be the first owner of the house, you can look into these properties. Some of them are genuinely inexpensive, and therefore they offer great deals for those who want to live in this town.
Some of the places where you should look at include School Street and High Street. In the latter, you will find a home with three beds and two full baths, which only cost $274,900. With a total space of 1,248 square feet, you can conclude that this property is indeed a good deal. It is a single-family home with an ample open living space that has its own fireplace.
Residents in this town will love their stay in this town because of its location. Since it is a part of the Boston metropolitan area, you can easily find convenient transportation options here. What’s more, it has parks and other attractions nearby, including the Plainridge Park Casino, the WWI Memorial Park, and Zoo, and the Heather Hill Country Club.
From golf courses to restaurants to shopping, you will not run out of things to do in this town. Plus, you have a comfortable place to live whether you choose a single-family detached home, a condo, or an apartment in this peaceful town.
Plainville Condo Developments
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