Swampscott Condos
This town is located in Essex County. It had a population of 13,787 in the U.S. Census. It is 15 miles north of Boston. Though most of the town’s shoreline is rocky, there are five beaches scattered along edge of the Massachusetts Bay. The Massachusetts Bay Transportation Authority provides passenger rail service with the Newburyport/Rockport Line. The Boston subway system is accessible on the Blue Line which stops at the Wonderland Station in Revere. The MBTA also provides bus service to the town. Massachusetts Route 1A and Route 129 pass through the community.
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Buying a Condo
The average price of a townhouse in the community is $322,199. Recently, the local properties ranged from a two-bedroom, one-bath, 1,086 square-foot unit listed for $289,900 to a three-bedroom, three-bath, 2,996 square-foot unit listed for $1,995,000.
The following is a brief description of some of the complexes in the community:
Avery
This 42 unit complex was built in 2017. The two-bedroom, two-bath units feature hardwood flooring, subway tile backsplash in the kitchen, stainless steel appliances, and quartz countertops. The living space ranges from 1,036 to 1,498 square-feet. The complex offers garage parking.
Chaisson’s Cove
This development was built in 1984 and has 28 townhouse units. Each unit features an open floor plan, a balcony, cathedral ceilings, granite countertops, hardwood flooring, stainless steel appliances, oversized windows, and views of the harbor. The complex amenities include a security gate, intercom system, and extra storage.
Crowne Pointe
This high-rise development was built in 1975 and features 195 units. The units range in size from one to three bedrooms with living space from 880 square-feet to 2,145 square-feet. Community amenities include an exercise room, indoor swimming pool, outdoor swimming pool, and tennis courts.
With 31 properties having sold over the last year, this is a very active market for such a small community. The types of properties also vary greatly from small units to high-rise buildings. This presents a buyer with a myriad of choices. The purchase of a property not only involves the individual seller, but also the homeowners’ association of the complex. The prudent buyer should investigate closely each association’s finances. “The lower the cash reserves a condo association has and the older the building, the higher the chances that owners in that building will be hit with a special assessment at some point,” cautions one market professional. This makes it vital to find a qualified property professional who can act as the buyer’s representative. Boston City Properties are well-experienced in the local market. Contact us to arrange for our buyer’s representative services. We will help you work through the important details to find a great property.
Selling/Listing of Condos
Since this is a town with a history as a resort and tourist destination, it makes the marketing of a property a bit challenging. Especially important is the proper timing. Market a property at the wrong time and it may languish on the market, lowering the potential sale price. “If your place is in a vacation area, say, near a beach or ski resort, you’ll get the best price right before the tourist season hits,” writes a marketing specialist. For that reason you need an agent who understands the local market and the best time to list your unit. Boston City Properties understands this town’s unique characteristics and can help you know when and how to list your property for the maximum return on your investment. Contact us and put our experience to work for you.
The Neighborhoods of the Community
This small community can divided into three distinct neighborhoods. Town Center is in the middle section and has a median property price of $539,916. Essex Street/Burpee Road is the western neighborhood and has a median property price of $405,740. Beach Bluff/Phillips Point is the waterfront neighborhood and has the highest housing prices. The median price in that area is $761,513.
With the charm of the historic buildings and the waterfront neighborhoods, this community is very appealing to those looking for a small town in which to relocate. The unemployment rate is lower than the national average with a 4.4%, and the investment in education is higher than the U.S. average by more than 24%. This helps explain the 6.06% increase in population since 2000. One current resident summed it up this way: “Great town, very family friendly place to live.”
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