Randolph Condos
Randolph is located in Norfolk County fifteen miles south of Boston. It had a population of 32,158 in the 2010 U.S. Census. It has a total area of 10.5 square miles, with 96% of that being land. There are 11,564 households in the town. Since the 1950s, the community has developed into a suburban community of the Boston metro area because of its excellent transportation infrastructure. Interstate 93 runs along the northern border of the area. The Massachusetts Bay Transportation Authority Commuter Rail runs the Middleboro line through a station located on the border of the town and neighboring Holbrook to the South Station in Boston. A rapid transit route called the Red Line is located to the north of the city in nearby Braintree. This rail line runs partly above ground, but connects into Boston’s subway system. The city is connected by MBTA bus line to the commuter rail stations of Quincy Adams, Quincy Center and Ashmont. The community has three distinct areas: Downtown, North, and South neighborhoods.
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Buying a Condo
The median value of units in the town is $287,700, which is less expensive than nearby communities. The median value in Avon is $295,400. Prices are even higher in Braintree at $415,600. Another inviting feature of the community is the health of the property market with experts forecasting a 3.9% appreciation in home values this next year. Properties on the market recently have ranged from a one-bedroom, one-bath, 660 square-foot unit for $139,000 to a two-bedroom, three-bath, 2,186 square-foot unit for $409,900.
The following is a description of some of the complexes in the town:
Castle Village Estates
This 105 unit development was built in 1978. It is located near I-93. The complex amenities include a swimming pool, exterior maintenance, snow removal, extra storage, and a reserved parking space. Each unit is also provided free heat and hot water. The monthly home owners’ association fee is $336.
Royal Crest
This complex was built in 1971. The development’s amenities include provided hot water, a swimming pool, landscaping, and a deeded parking space. The home owners’ association fee ranges from $341 to $441 a month. Based on sales of recent units, the average price of a property in this complex is $154,950.
The Village at Broad Meadow
This complex was built in 2017 and is the only 55+ community in the town. It features two-story townhouses, each with an attached one-car garage. The development is well-situated near the Braintree line and the Braintree/Quincy bus line. Each unit has an open floor plan on the first floor with a master-bedroom suite. The second story has a large family room, second bedroom, and second bathroom. Each unit also has an unfinished basement. The homeowners’ association fee is $305 a month.
Franklin Square
This complex has 69 units and was built in 1981. The development amenities include a swimming pool, landscaping, snow removal, and exterior maintenance. The homeowners’ association fee is $220 a month. The average sales price for recent properties has been $237,500.
There are several important issues to consider when purchasing a unit. First, a buyer needs to know exactly what property is included in the purchase. Since complexes include both private property and common property areas, it is wise to obtain a detailed description of the area being purchased. Second, a person should investigate the homeowners’ association. Since the purchase of a co-op property also means becoming part of the association, the buyer should learn as much as possible about the group: the other owner’s satisfaction with the association, the bylaws and rules governing the group’s operation, the financial condition of the association, the general policy to property upkeep, and more. For this reason, it is good to seek a buyer’s representative who can serve as a reliable guide through the process. Contact us at Boston City Properties to help you with a unit purchase. We understand the local property market and the right questions to ask, so that your property purchase will be a pleasant experience.
Selling/Listing a Condo
The area’s market in recent years has had a very small inventory of units for sale. A recent study by the U.S. Department of Housing and Urban Development found that there was a 1.7 month-supply of P for sale. This has fallen from a 2.0 month-supply in 2015. With the area property market very tight, sellers can anticipate a prompt response when listing a property. This makes proper pricing very important, since a seller does not want to undervalue a unit and lose potential earnings. Contact us for help in setting the right price for your property. With our experience with the properties in this community, Boston City Properties can help you sell your unit quickly for the most money.
The Neighborhoods of the Community
The following is a brief description of the three neighborhoods in the community:
Downtown
The town’s downtown neighborhood has a population of 8,506. The average value of properties in this area is $279,886, which is a little less than the overall community average of $287,700.
North
Over 55% of the town’s population is in this neighborhood. The northern section of town has an average value of $1,316,770 for units. This is the most expensive section of town for housing.
South
The southern part of the community has 27% of the town’s residents. The average value of a property in this area is $187,513, which is the least expensive in the city.
The town has many positive characteristics that make it an appealing place to live. Only a few miles from Boston and offering good public transit, the city is an ideal choice for people who work in Boston. As one resident said, “[It’s a] great place to raise a family.”
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