West Newbury, MA Real Estate
Single-Family Houses for Sale
With the very consistent growth of Boston as a metropolitan center, especially with rumors of major business investments on the horizon in the city, many people are considering purchasing property in and around the city. While Boston's urban sprawl is beautiful to behold, it's in the surrounding suburbs that many of the city's workers live, and West Newbury is one of these suburbs that has a bustling housing market that is growing right alongside the city.
Click Here to Search
sales
In fact, this town's home values have increased by over 2.5 percent in the last year alone, and it's easy to see that this means great things for the housing market. Purchasing a single-family home in this town is a good move, especially with housing prices being fairly reasonable considering the 36-mile distance from the town to Boston itself. Currently, the median price of a single-family household in this neighborhood is about $586,100, which is in a good range considering the home values in other surrounding suburbs.
From an investment point of view, making a purchase like that almost guarantees property value appreciation, especially if the owner adds on to the property or makes upgrades. To illustrate the current growth in the market, in 2000, the value of a house in the area reached a median of $313,000. This really shows some of the potential growth a homeowner can expect from their housing investment in a few short years.
From the point of view of a professional, this town also easily caters to a commuting lifestyle; a professional can work in the high-paying and busy city of Boston, and then, at the end of the day, retreat to the suburban lifestyle that this town is famous for. Homes in the area will typically have large lots; some even have more than an acre of space to work with. With this much space, it's easy for a resident to have a family due to the fact that there's plenty of space for kids to play in a safe environment.
When owning a single-family home in an area like this, it's also easy to upgrade the home so that the conditions are more comfortable. Homeowners can add things like outlets, convert extra bedrooms into studies, or refurnish areas of the house with relative ease. Many of the homes on the market today in this town are also well furnished with things like hardwood floors, walk-in closets, and finished basements, and it's also not uncommon for properties in the area to feature fully-functional fireplaces that can be used for congregation and toasty warmth as well.
In addition, homeowners also have outside amenities to consider; many of the homes in this town have one- or two-car garages and ample parking space outside of the house as well. Gardening is also something that a homeowner can engage in with a purchased property, and more than one home in this area features expansive patios for cooking out and entertaining guests.
Properties around the neighborhood are amazingly varied as well; it's easily possible to find a home that was constructed in the mid-1800s situated right next to another home developed in 2018. For this reason, a diligent prospective homeowner, with the right amount of diligence, should be able to find something that will suit his or her needs – there's simply too much variance in the market to not be able to find a suitable home.
Condos and Townhouses for Sale
Currently, condos and townhouses don't have as much representation in this town as single family homes, but there are certainly inroads being made into the construction of additional properties due to the popularity of the property type. That being said, the market in the area definitely has a few condos to consider that provide more than their share of luxury amenities for anyone looking to move into this area of Massachusetts.
In a town like this one, potential buyers may find both condo and townhome options; both are very useful to own, but there are differences. For one, a condominium typically entails ownership of a unit; the areas outside the unit are typically owned by the Homeowners Association. A townhouse, on the other hand, is typically a series of units where ownership, on the inside and outside, falls to the tenant. Typically, a townhouse will have an adjoining wall that's shared by two different owners.
In this area of the country, there are usually many dedicated condominiums that were built for the express purpose as serving as condominiums for owners, but it's also very possible to find homes in the area that have been converted into condos. These units usually have an installed staircase that attaches to different levels of the converted home, and each tenant may own a full floor of the unit or half of a floor of a unit.
Both of these types of properties will usually entail a homeowner's association fee; this fee may seem extraneous when tacked onto the monthly mortgage, but its inclusion is absolutely crucial for a condo or townhouse. The HOA fee not only pays for the wages of the condo staff, but it's also there to cover utilities in many situations; many of these charges cover electric or heating, which means that owners will be able to pay a blanket rate instead of paying based on usage.
Condo and townhouse living has a lot of advantages, and as a result, these types of properties are popping up everywhere. Condos have a tendency to cost less than a single-family property and living in one will provide residents with more than a few property-specific perks like staff that are on-call to manage maintenance and tenant issues. As a matter of fact, many condos in areas like this one have staff that is available 24 hours a day.
Not only will condo staff manage any issues that arise, but these professionals will also manage the upkeep of the property itself, so shoveling, trimming, and sweeping will all be done before most residents get back home from work. With a dedicated staff, condo owners will never have to elicit repairs or execute maintenance themselves, which is advantageous and convenient for anyone that commutes frequently to and from Boston.
These condos and townhouses are also oftentimes communities, and community features are provided by the property managers. These can include things like pools and sporting courts or it can just mean that the property has things like gyms and business centers throughout that residents can use at their leisure.
When it comes to in-home opportunities, condos often come furnished with quite a few features that will make the ownership experience more attractive. For example, kitchens are usually provided with a full suite of appliances and many condos even have washers and dryers in-unit for the convenience of the owners.
Apartments for Sale or Rent
With such an active property market in town, it may take a bit of patience for a prospective owner to find their perfect dream property. For this reason, many people in the area opt to rent an apartment and keep an eye on the property ownership market for opportunities. Additionally, not everyone has the budget for purchasing a new house or condo, so apartment rental or ownership provides a reasonable middle ground where individuals can take advantage of this town's proximity to Boston and its friendly atmosphere without having to make a large investment.
For an apartment complex in the area, the median rent is about $1,250 per month, which can be considered very reasonable, especially when taken with the fact that many apartment complexes will typically fold in at least one utility into the rent payment.
Apartments are also a great option for anyone seeking a way of living that's more all-inclusive; these housing options are often stress-free due to the fact that tenants don't have to pay for maintenance, and in many cases, these units often come in gated communities that have security guards on-staff to ensure tenant security. Additionally, the community is usually fairly tight-knit in an apartment community due to the fact that tenants live in close proximity and usually will share walls with each other. As a result, children will have easier times finding friends, and parents can also have an easier time finding local services like babysitters.
Additionally, with such a community-minded focus, these types of apartments also may have a few amenities that are similar to condominiums and townhouses. For example, a modern apartment building may have a space dedicated to a fitness center, and some of these properties might even have things like pools on-premise. In fact, for luxury apartments, it's not uncommon for a building to have personal training staff, 24-hour concierge service, sports complexes, and business centers with Wi-Fi and internet connected computers that are available for any of the tenants on the property.
Apartments are also available to be stayed in for shorter durations than other types of property. While many homes and condos are available for 15- to 30-year mortgages, an apartment is often available for rent for one or two years at a time, and tenants can simply renew these leases if they intend to stay in the area for a longer period of time. Additionally, complexes are also usually located in convenient locations in towns like this, which usually means that they will be in close proximity to MBTA stops and the retail options in the city.
When living in one of these apartment complexes, tenants will also find that the kitchens will usually be equipped with the essentials; full-sized refrigerators and stoves will typically come standard. Some complexes will even provide washer/dryer combos, dishwashers, and trash disposals in each unit. That being said, some properties also have some of these features externally, so tenants will be able to use trash compactors and wash their clothes in dedicated washing facilities.
Apartment complexes also usually have a variety of units for prospective tenants to choose from; apartment configurations typically range from studio to four-bedroom apartments, and typically, the more rooms an apartment has, the more the rent will be. Studio apartments are a fairly unique option for anyone looking for a place to live as they are available in single room configurations; everything with the exception of the bathroom will be completely adjoined and wall-free; these types of apartments work well for single tenants or couples.
Benefits of Investing in Real Estate in the Community
If a tenant is looking to live close to Boston in one of the city's local suburbs, this particular town is a good option. Not only is it in close proximity to the city proper, but it is also situated near the North Shore of Massachusetts, which means that there are plenty of beautiful views and opportunities for family fun in the area. The town is located in Merrimack Valley, which is often considered one of the most picturesque areas in close proximity to Boston, and the town itself is bordered by several sister towns that are in close proximity.
For commuters, this area is a great option because it's only about 46 minutes to commute by car from town, and roadways like I-95, I-93, and Massachusetts Route 113 are all in very close proximity. This means that drivers can find fairly quick and easy transport to just about any part of the country from town. For those looking for mass transit options, the town has direct access to the MBTA Commuter Rail via the Haverhill and Newbury/Rockport Lines.
Since this area rests directly on the North Shore, there are plenty of water-related activities to take part in. Not only does the town have miles of beachfront to explore and take advantage of, but the town also rests along the Merrimack River, which is a prime fishing spot for locals. The parks and recreation in the area is also very robust; children will find plenty of playgrounds to just be kids in and adults will be pleased to know that the town has miles of area to walk or hike. In fact, this town is known for its wide-open spaces and rural charm; in fact, the residents strive to maintain this feel and not lose its character to the urban styling of nearby Boston.
Hills are also a major feature of this town; in fact, places like Pipestave Hill, Brake Hill, Ilsey Hill, and Indian Hill are some of the town's most popular landmarks. As a result of the dedicated effort of keeping life simple and traditional, the town is certainly a great option for just about anyone looking to raise a family. The populace is welcoming, and there are more than a few spaces for a family to explore and relax in.
When a resident is looking for a new town to live in, one of the first questions that they may ask if they have a family is, "How are the schools?" The town's schools are very competitive when it comes to overall quality; in fact, they have good rankings compared to the other schools in the suburbs surrounding Boston. Each of the schools, which consist of institutions like Dr. John Page School and Pentucket Regional Senior High School, has excellent programs and supportive faculty. The area even has private school options for students in the area.
The shopping experience is also very robust in the area; the town has its own food mart and there are more than a few dining options to choose from. When it comes to standard retail, the town has options, and for those looking for a mall experience, the Mall at Rockingham Park and the North Andover Mall are relatively close to town.
West Newbury Condo Developments
Click Here to Search
sales