Tewksbury, MA Real Estate
Placed within Middlesex County, this community spans 21.1 square miles in size. The northern border is made up of the Merrimack River. Meanwhile, the Shawsee River crosses the southern boundary of the town. Residents can enjoy having a home that is close to major cities. This town is only 19 miles away from Boston and is a part of the Greater Lowell metropolitan area.
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The town of Dracut borders this city on the north. Lowell makes up the northwestern border, and Andover forms the northeastern boundary. While Wilmington is found on the southeastern side of the town Billerica makes up the southwestern border. Within the town, residents will find neighborhoods like North Tewksbury, South Tewksbury, Wamesit and Tewksbury Center.
The price of the median home has risen by $14,250 in the last year. It advanced 4 percent to reach a median sales price of $369,000. During the same time period, the average price per square foot increased from $242 to $260. Residents can expect to pay $314,900 for a one-bedroom home. A two-bedroom property typically fetches a median price of $309,000. For a three-bedroom home, residents will pay a median price of $407,000. Meanwhile, a four-bedroom home costs $510,000.
Known for its bedroom-community appeal, this charming town is close to all of the local amenities that residents need. Residents in the area can enjoy having condo, townhouse and apartment options in the area. While much of the community consists of single-family homes, there are a number of condominium properties available as well.
Single-Family Houses for Sale
Within this community, residents will discover a wide variety of architecture. Many of the houses are built in a Georgian, Garrison or Federal style. Even many of the newer buildings are built according to these traditional architectural styles. Currently, the cheapest home in the community is for sale at $199,000. This type of price is significantly lower than the community's average and can only be found in fixer-upper properties.
Typically, residents can find a single-family home in the $300,000 to $600,000 range. Within this price range, residents can find properties with decent backyards, carports, detached garages and similar amenities. The exact amenities vary from house to house, but most of the properties have plenty of green space in the front and back. Because of lot restrictions, homes in the area are almost always built on decently sized lots.
For a charming, 1,500-square-foot home, residents can expect to pay around $369,000. This price range includes options like Cape Cod architecture, a large basement and an eat-in kitchen. For a bit more than $400,000, residents can find spacious homes near the Billerica Country Club. These homes include amenities like hardwood floors, a family room, a Jacuzzi tub and an in-ground pool.
At the highest end of the marketplace, residents can find luxury properties for around $700,000. These stately homes are designed as modern constructions or traditional Colonials. They typically have features like in-law apartments, hardwood flooring, horseshoe driveways and over-sized garages. Often, these luxury homes will include features like finished spaces above the garage or finished basements.
This area offers a broad range of architectural styles, prices and living options. Whether residents want a basic, ranch-style home or a luxury Colonial, they can find the options they need within the surrounding area. First-time buyers and investors can get a head start on the buying process by using local housing market professionals.
Condos and Townhouses for Sale
Condos and townhomes are relatively easy to find in the area. While there are many new properties under construction, the hot housing market means that many of these complexes sell out before they are completed. One example of this is at the Tewksbury Village Condominiums. Encompassing 10 luxury residences and several upscale commercial units, this property open concept layouts, high-end finishes and garage parking. Some of the units are also designed in a garden style. While most of these units are already sold out, there are a couple that are still available on the marketplace.
At the Indian Ridge Condominiums, residents will discover easy access to Interstate 93 and 495. This complex boasts of more than 300 units. In addition to townhouses, the property includes garden-style homes as well. Amenities at the property include a clubhouse, tennis courts and an exercise center. Plus, the many jogging and biking trails are perfect for relaxing walks with friends. The upper floor of the clubhouse can be rented out for special events.
At the Villa Roma townhomes, residents can find garage parking and central air conditioning. This community is placed on a private drive and surrounded by woodlands. Constructed in 1986, the complex includes 75 two-bedroom units with 1,400 to 2,000 square feet of space.
Within the Bella Woods Townhouses, residents will find 143 units. This new complex was just constructed in 2016. It boasts of duplex and stand-alone units. Designed to be exceptionally luxurious, these condos include open floor plans, stone walls, gas fireplaces and central air conditioning. Within the gourmet kitchens, residents will discover luxury finishes and granite counters. Every resident can enjoy having designated garage parking.
At the Livingston Place Condos, residents will find another new property that was just constructed. The original construction project started in 2006, but the final townhouses were just finished in 2016. These spacious homes boast of two stories and garage parking. Each home is outfitted with granite counters, modern kitchens and gas fireplaces. A glass slider leads from the unit to the private deck. Depending on the unit, a stone wall also borders the exterior.
Within the Katie Estates, residents will find luxury homes within charming landscaping. The exterior of the home is equipped with street lamps and lovely stone walls. Encompassing a total of 58 units, this complex boasts of gorgeous hardwood floors and solid-wood cabinetry. Residents can enjoy having high ceilings, modern kitchens, master suite fireplaces, granite counters and recessed lighting. Offered in two-bedroom and three-bedroom layouts, these units range from 1,800 to 2,500 square feet in size.
Constructed in just 2009, Pinnacle Crossing is one of the mid-sized condominium properties in the area. This complex includes just 20 townhomes. Designated for 44+ adults, this community boasts of sun-filled rooms with sleek hardwood flooring. Residents can enjoy having granite counters, stainless steel appliances and wood cabinetry. On warmer days, residents can relax on their private, outdoor deck.
At the Preservation Lane Condos, residents can relax within the peaceful, country air. Spanning just 16 units, this property was constructed in 2005. It boasts of open concept living and gorgeous hardwood flooring. Placed at the end of a cul-de-sac, this property is surrounded by natural scenery. Tenants can enjoy having a private deck, a cozy fireplace and skylights in their unit. Outfitted with vaulted ceilings, these units boast of granite counters and stunning loft views.
Apartments in the Area
Residents choose this town because of the easy commute to Andover, Lowell and Wilmington. Other than top schools and easy access to light rail, residents can also enjoy having a number of rental options. The housing stock consists of Federal, Georgian and Garrison houses. Meanwhile, modern apartment complexes, duplexes and townhouse apartments can also be found in the area. Many of the rental units contain amenities like attached garages and balconies.
Many of the apartments in the area are designed for the discerning tenant. One of the top communities is the Halstead Tewksbury. This complex includes modern finishes, a yoga studio and a gym. Meanwhile, the Lodge at Ames Pond boasts of large master suites. This property includes a private movie screening room within the modern clubhouse. Kitchens contain luxury features like European-style cabinetry. At the Village Green, residents will find a luxury property with spacious floor plans.
Many two-family homes are available for rent in the area with spacious floor plans and easy access to shopping options. No matter where residents live, they can enjoy recreational options like Rodgers Park and the Collins Bowling Alley.
Three of the most luxurious buildings in the entire area are the Residences at Tewksbury Commons, the Bostonian Shoe Lofts and the Lodge at Ames Pond. At the Residences at Tewksbury Commons, residents will find one-bedroom, two-bedroom and three-bedroom layouts. Tenants can enjoy having an outdoor sports court, a virtual golf simulator and a relaxation area. The state-of-the-art fitness center is designed with Apple TV and a yoga studio. Plus, this beautifully landscaped complex includes a pet-friendly policy. Tenants can enjoy amenities like a swimming pool, a pool table, a modern bar area, a playground, a poker area and carports. The apartments are designed with features like private balconies, cathedral ceilings, gourmet-inspired kitchens, walk-in closets and breakfast bars.
Located at 7 Marble Street, the Bostonian Shoe Lofts feature modern one-bedroom and two-bedroom apartments. This complex was originally built during the late 1800s for the Commonwealth Shoe and Leather Company. It has been completely redesigned to include luxury amenities within the historic architecture. Residents can enjoy amenities like a state-of-the-art fitness center, an indoor pool and on-site storage. Each unit is equipped with a laundry space, granite counters, stainless steel appliances and in-unit fireplaces. Ranging from 625 to 1,450 square feet in size, these apartments are equipped with central air conditioning and heat.
Within the Lodge at Ames Pond, tenants will discover one-bedroom to three-bedroom layouts. These hillside apartments overlook the pond and are surrounded by trees. Residents can enjoy playing shuffleboard and drinking coffee in the sports lounge. The property is equipped with a lodge-style clubhouse and an outdoor fireplace. Within this woodland resort, residents will find a business center, a playground, on-site storage, poolside grilling areas and an outdoor kitchen. In the apartments, tenants can enjoy having built-in computer desks, custom closets, hardwood floors, European-style cabinetry, and soaking tubs. Every unit is outfitted with a private terrace or balcony.
Other than the luxury apartments, this town is also home to a number of affordable options. The rental market offers units in a wide range of styles and sizes. No matter what renters are looking for,they can find it within the surrounding area.
Recent Housing and Rental Market News
In the last few years, this city has transformed into a boom town. From inexpensive developments to easy highway access, many residents are drawn to the homes in this area. In recent years, there has been an uptick in single-family residential units. During 2016, there were 85 permits issued for single-family homes, condos and townhouses. The city is being remade into a bedroom community as new residential properties spring up.
One of the recent developments is off of Victor Drive at Balsam Place. This development includes 192 one-bedroom and two-bedroom apartments. High-end residences are being constructed on Catamount Road and Frasier Lane. Meanwhile, the Bella Woods Townhomes over on East Street have more than 130 apartments.
Another project was approved for eight units at Sarina Way and another eight at the Elaina Millard Estates. To ensure access to housing, the Northern Middlesex Council of Governments has made a production plan that focuses on affordable housing. There are also 200 senior housing units in the area, which means that senior housing makes up 20 percent of the city's affordable housing. Currently, the town is also considering a project on the Tewksbury State Hospital land for veteran housing.
Because the area still has a fairly low inventory, bidding on houses is quite competitive. Luckily, residents still have comparably inexpensive options because of the many condos in the area. Right now, the average single-family home sells for $435,000. The average sales price is $638,000 in Burlington, $501,000 in Wilmington, $498,000 in Woburn and $628,000 in Reading.
In 2016, the average single-family home was on the market for just 63 days. A year later, this average fell to just 34. In many cases, buyers have 10 fewer days to place their offer on a new home. Residents in the area can enjoy having a suburban atmosphere close to Route 38.
With a thriving housing market and charming amenities, this area will most likely continue growing in the near future. Residents can find luxury condos, stately townhomes and large residences within this bedroom community. To discover everything that this area has to offer, stop by today.
Tewksbury Condo Developments
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