Real Estate Ph: (617) 247-1933 806 Tremont Street, Boston MA 02118

Randolph Foreclosures

Bank Owned Properties

If you're looking for a sound real estate investment, bank owned properties are worth checking into. Foreclosed homes are often some of the best investments you'll ever make. The median price of homes in Randolph is $345,552, an increase of 7.8 percent from the previous year. The median price per square foot is $241, lower than the price in Boston which is $268. The average price of homes on the market is $339,900, while the median price of homes that have recently sold is $327,000. Statistics indicate that the value of homes in this area will increase by at least 4.2 percent in the next year, so it's a great time to search for property to invest in. An abundance of homes are on the market in many Massachusetts towns, so it's the ideal time for the first-time buyer to start searching for that perfect house. The construction of some of the homes in this community makes them ideal for solar-panel conversions, and many have undergone conversions or upgrades and are in move-in condition.

Search Foreclosures

If you're a first-time buyer, a distressed property in Randolph may meet all your criteria. The range of home styles in communities to the south of Boston is diverse. You can search for single-family homes, condo conversions, or duplexes. The number of properties available for sale is sometimes overwhelming. However, our real estate professionals can assist you in finding the property that fits your criteria. Even though the recession is over, a significant number of homes in delinquency are on the market. An average of 25 residential homes in Norfolk County is for sale at reduced prices at any given time. When you sign up to receive updates from Boston City Properties, you'll get up-to-the-minute on information on properties that are bank or real estate owned.

Short Sales

One of the most significant factors that will be having an effect on home sales for the next few years is foreclosures. Many homeowners are underwater, meaning that they owe much more on their mortgage than the home is worth. To forego losing their property, many sellers choose a short sale. Popular, Cape Cod-styles constructed in the 1950s and 1960s, condos that are excellent opportunities for investors, and historic homes from the 1800s are among the properties that may be available in neighborhoods on the Cape. Many of the available properties have two to four bedrooms and two baths and have undergone upgrades that include:

Many of Randolph's homes feature expansive Great room/living room spaces with a fireplace, adjoining family room or den, and are open to the upgraded kitchen. A finished basement allows for additional living space. Many of the homes have two or three spacious bedrooms with a lot of closet space. A lot of homes in Massachusetts towns feature a finished basement with a walkout that leads to a patio or fenced yard, making them perfect for families. Homes that require additional work to convert them to wonderful family homes are the ideal opportunity for the right investor. Short sales should always be handled by professionals with extensive experience in this type of transaction since they can be more complex than a conventional home sale. The negotiations between all parties can be complicated depending on the circumstances, and every sale is different. In the long run, you may be able to purchase a single-family home, condo, or townhouse for up to 60 percent below the current market value.

Geographic Location

Randolph in Norfolk County is located at Routes 128 and 24, in eastern Massachusetts. The community is 15 miles to the south of Boston and has a land mass of 10.5 square miles. To the east of the city are Braintree and Holbrook, to the south and southwest are Stoughton and Avon, to the north are Quincy and Milton, and to the west of the city is Canton. The Cochato River whose source is in Avon is part of the Weymouth watershed that flows into Boston Harbor. The river is the boundary between Randolph and Braintree. As part of the Metro Boston area, residents have easy access to Routes 128 and 495. The geographic location of the community makes it an excellent area for commuters. The Middleborough/Lakeville commuter train takes approximately 28 minutes to travel from the suburban community to Boston. The MBTA bus lines provide service to Ashmont and Quincy Center. The Brockton Area Transit Authority or BAT offers service to and from Brockton via Ashmont.

Search Foreclosures