Woburn Land for Sale
As one of the closer suburbs to Boston, Woburn is ideally located for those who commute or need to be near the Boston area. As it is only 9 miles north of Boston, it is easy to see why it is attracting so much attention. Historically it was known for its leather production. In recent years it has experience rapid growth.
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Land for Sale
Since it is experiencing new growth, it is a perfect time to buy land, either to build or to save for future use. As of 2018, the town is trending upward and experts predict it will continue to do so for some time.
Being one of the top realtors in the Boston Metro area and specializing in Boston's suburbs, Boston City Properties can help you locate undeveloped plots or acreage. Our extensive database of listings is the largest in the Boston Metro area. We understand commercial and residential properties. We guide our clients through each step of the process, so they can find investment and residential property that meets their financial goals.
The Neighborhood
This city is located in Middlesex County. It is home to around 39,000 inhabitants but only covers 13 square miles. The population density is 3,000 people per square mile. Burlington, Lexington, Reading, Stoneham, Wilmington and Winchester border this Boston suburb. The city has several popular neighborhoods including Shakerhill, Horn Pond, Walnut Hill, Downtown and North Woburn.
The median home price in this Boston suburb is $410,000 in 2018. Prices are expected to increase at roughly 4 percent in the next year. It is more affordable than all of its neighboring towns, which have a median home value range of $435,000 to $875,500. Of its neighbors, Lexington has the highest average home price while Wilmington has the lowest median home price.
The local market has been extremely active in the last few years. The most recent year, 2017, saw an almost 8 percent increase in home values. Even though it is close to Boston, it has parks, wooded conservation areas and historic homes. The city is also planning new retail and commercial growth to keep up with the higher demand it has seen in the last few years.
The Building Options
If you are thinking about buying a vacant lot or undeveloped acreage, we are here to help. Plots can be a great investment opportunity or the chance to build your dream home. If you are new to the land-buying process, don't worry. We have the staff and resources available to assist you. It doesn’t have to be complicated. There are virtually endless options with vacant lots for investors and homeowners alike.
There are several popular choices when investing in land. It is a possibility to keep the property and let it appreciate. Many investors follow this practice. Most tend to build a structure of some kind. Retail buildings would be ideal for this neighborhood considering its current and future growth potential.
Multi-family homes or apartment buildings would work well in Woburn considering the rapid growth this community has experienced in the last several years. A mixed-use investment property is another good option for investors. Storage facilities can be another idea for high-growth areas. Some investors choose to rent long term, while others build up a property and then sell it on.
This area would also be a great place to build a family home. The town has plenty of outdoor space as well as the benefit of being close to Boston. With real estate prices increasing, there could be immense potential profit in the future. Besides designing a home the way you want it, you would also be the first people to live in the house. Newer homes are also more energy-efficient which can be a huge plus in New England winters.
Since the town is already densely populated, vacant plots do not appear on the market very often. Often what does come on the market is zoned for commercial developments. Be sure to contact us if you are looking for a specific type of plot or property in this neighborhood. Boston City Properties is the largest online databases for real estate in the Boston metro area. We can help you navigate the land-buying process. We are familiar with the zone and code requirements for different towns and neighborhoods.
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Land for Sale