Stoneham Condos
This town is located in Middlesex County and had a population of 21,437 in the 2010 U.S. Census. It has a total area of 6.7 square miles. It is six miles north of Boston. Massachusetts Route 128 and I-95 run just north of the community. The Massachusetts Bay Transportation Authority provides commuter rail service in neighboring communities. The Boston subway system provides service through its Orange Line. The MBTA provides bus service to downtown Boston.
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Buying a Condo
The average price of a townhouse in the town is $353,845. On the recent market, properties have ranged from a one-bedroom, one-bath, 680 square-foot unit listed for $230,000 to a two-bedroom, three-bath, 2,075 square-foot unit listed for $599,000.
The following is a brief description of some of the complexes in the town:
Broadmeadow
This development was built in 1985 and has 120 townhouse units. Each unit features hardwood flooring and a balcony. The complex has one and two-bedroom units. Community amenities include landscaping and snow removal.
Fellsview Terrace
This 90 unit complex is located near Massachusetts Route 93 and the Orange Line’s Oak Grove station. It was built in 1979. One, two, and three-bedroom units are available. Units feature stainless steel appliances and a balcony. The complex amenities include a swimming pool and wooded views.
Moseley Park
This complex was built in 1983 and features 49 town homes. Each unit features cathedral ceilings, an open floor plan, a fireplace, and a balcony. There are both two and three-bedroom condos in the development. The complex amenities include a swimming pool and deeded parking.
“Buying a [co-op]… is not the same as buying a single-family home. There are different considerations that need to be taken into account prior to purchasing,” warned one property professional. While a co-op is an economical way for the first-time homeowner to purchase property, it is important to select a unit in a good complex. If the community is well-run, it will help a unit retain or increase in value. If the complex is poorly managed and is weak financially, it can spell problems for a condo owner. This is the reason experts recommend finding a qualified buyer’s representative who can help the purchase make a good buy. Contact us for expert help in finding your next home in a good community.
Selling/Listing a Condo
When it comes time to sell a unit, an owner will benefit from the assistance of an experience guide in marketing. That expertise may even result in much more money at the time of sale. For example, a property expert will know how to put your property in the best possible light with professional-quality photos. “…Sellers who use a high-quality camera and lens for their listing photos get thousands of dollars more for their properties,” advises one property veteran. Boston City Properties has the type of qualified experience sellers need. Contact us for help in selling your property at the best price in the shortest time.
Neighborhoods of the Community
There are five neighborhoods in the community. The following is a brief description of each one:
Town Center
This neighborhood lies in the southwestern corner of the town. The median property price is $483,514. The vacancy rate is 1.7%, which indicates that the housing market is very tight.
Lindenwood
This section is in the northwest corner of the community. The median property price is $526,749. The vacancy rate is 2.1%, which indicates a tight property market.
Green Street/Elm Street
This neighborhood lies in the eastern center of the town. The median property price is $536,508, and the vacancy rate is 0.0%. This indicates an extremely tight property market which favors sellers.
Franklin Street/Summer Street
This section lies in its southeastern corner of the community. The median property price is $552,628. The vacancy rate is 3.5%.
Farm Hill
This neighborhood is in the northeastern corner of the town. The median property price is $557,892, which makes it the most expensive part of town in which to purchase property. It has a vacancy rate of 7.3%.
This is an attractive community for those considering relocating to the Boston metro area. Experts predict 38.94% job growth the next decade. Property prices continue to appreciate. The local schools are strong pupil expenditures that are 28.6% above the national average. As one former resident observed, “Growing up in Stoneham was a great place to spend a childhood. Just north of the city, it had the charm and security of a suburb, but was just a quick train ride into the city- truly the best of both worlds.”
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