Madison Place
Address
6 Chase Path Rd.
Neighborhood
Acton
Description
Madison Place offers some of the best condo options in Acton with new construction for under $600,000. The townhouse-style floor plan with three bedrooms, two baths, and a half bath, provides extra space and privacy for everyone living in the condo. With two levels, it is much easier to provide the space that everyone wants. Full finishing is available for the basement level, making it easier to use the space however you like. If all of this extra room that you get isn't enough, you will enjoy having the two-car garage. Keep your vehicle safe in all kinds of weather, and have additional places to put all of your automotive tools for easier access.
With 2,000 sq. ft.to choose from, you'll have all the room that you need. Even though the floor plans allow for additional space in the basement and garage areas, you'll find it easy to keep things organized in the main condo area with the space that you have. Space is never an issue with the open floor plan. The kitchen, dining, and great rooms open on to each other, making this condo a great choice for entertaining. You won't need to worry about whether your home provides enough space when you have company over. Another advantage of the open plan is that you will have fewer problems with finding places for your furniture. Never worry about having to give up your favorite sofa or larger bookcases again.
Head over to Idywilde Farm to buy fresh produce in season. With the kitchen facilities you'll have, preparing home-cooked meals has never been easier. The Acton-Boxborough Farmer's Market is another great place to find fresh, local produce. One of the best things about supporting these farms and markets is providing steady business to local farmers. There are also several restaurant options within reasonable driving distance. Try a local pizza parlor that also makes subs you won't find anywhere else, or head over to a local restaurant specializing in New American cuisine.
Madison Place in Acton, MA is for Luxury Condo Living
Those who are searching for luxury living in Acton may want to take a look at Madison Place. Located at Chase Path Road in North Acton, it is where you will find a few condo options that are less than $600,000. It has a townhouse style that offers plenty of space for the dwellers through its open floor layout.
The new construction is priced around $579,000, although it is currently off the market. In April of 2013, it was available in the market for $493,477. It was taken off the market around September of 2016. During this time, the value of the home is almost $580,000.
From January to February 2018, the real estate sales are thriving. The median list price is currently at $649,900 with an average of two offers per month. The supply is low but the demand is high, which gives the sellers the opportunity to put their homes on the market for a much higher price. If you have a property to sell in this neighborhood, now may be a good time to consider looking for buyers. The median price for every square foot is $250, while the average down payment asked by the sellers is around 22.6% of the total amount.
During these past two months, about six homes have already been sold, which meant all the available homes for sale were immediately sold out. There is indeed a tough competition between buyers in this area. If you are looking to purchase a home, such as in Madison Place, you should be ready to compete with the other buyers.
Recently, there was a $650,000 offer to one of the condos in the building, which has four bedrooms and 2.5 bathrooms. The condo measures more or less 2,500 square feet. It was the winning offer although there were other three offers that battled it out to get this unit. It only took 24 days for the unit to be on the market. The seller asked for a down payment of 30% for the townhome. The property had many offers because of it was well-priced. The prospective buyers offered only one percent more than the asking price. However, they also waived the inspection and they wrote a note to the seller to help them win the property.
In Madison Place, the list price is $509,000 on average with $245 per square foot. The sale compared to the list is 97.9%, which means that the listed properties are sold almost right away. As for the other parts of the neighborhood, the list price is $399,000 with $217 per square foot as the average price. Almost all the homes are sold as well but Madison Place has a slightly higher chance of getting sold than the other properties in the area.
Compared to the whole town of Acton, the list price is $355,000 with an average price of $215 per square foot. Middlesex County has a median list price of $499,900 and an average of $262 per square foot. Although Madison Place has more expensive condos, they are still sold faster than other places in Acton as well as in most of the areas in the county. It is because several of the buyers want to take advantage of the chance to live in a luxury condo that has an attractive price tag.
The condo is located in a convenient setting in which it is just within walking distance to several entertainment venues and other activities, such as shopping and dining out. It may not be as walkable as the other places in town but it is still close to Route 495 or Route 2 so the residents do not have to spend hours when traveling to another city or town in Massachusetts, including Boston.
Additionally, the units have been upgraded with some changes to make living here more comfortable than before. For instance, a new boiler has been added, which the residents are thankful for since they had complaints about being exposed to extreme winters during the colder months. Also, there are new gutters installed, which would help strengthen the building, especially during the rainy days. New roofing is also supplied to help provide better protection not only to the condos but also to the residents.
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