South Medford Real Estate

From condos and apartments to historic multi-family homes, South Medford has a superb variety of housing options in every price range. The neighborhood is accessible, desirable and reasonably affordable. Residents enjoy a quiet and convenient location just north of Cambridge and Somerville. Because South Medford is only five miles from downtown Boston, it embodies the best features of the inner and outer suburbs. The homes are large with most having two or three stories. Street parking is permitted although most houses have private driveways and detached garages that are practical and well-protected.

Real Estate and Rental Properties

South Medford has a higher concentration of rentals than other parts of the city, so this is an excellent place to start looking for apartments that will satisfy your current requirements. The average rent in South Medford is between $2,000 and $2,200 per month. In this student-friendly area, leases on smaller units start around $1,600 per month. These prices hold true in neighborhoods on both sides of the Mystic River, including those located north of Broadway and around Main Street and Harvard Street. The majority of these apartments are located in gorgeous multi-family homes. Occasionally, single-family homes come up for rent. South Medford also has a number of boutique apartment buildings that offer luxury rentals. The average cost for rentals is $1.80 per square foot. Luxury units may cost as much as $2.70 per square foot in the newest full-featured buildings.

Condos and Houses for Sale

The average price for a condo or co-op in South Medford is $350,000. Larger condos with multiple bedrooms are more common, and there are fewer studio apartments. If you're looking for a smaller unit, you'll find one-bedroom condos for approximately $250,000. For a two-bedroom, listings are trending at $350,000. Most of these smaller condos are located in multi-family homes.

In South Medford, single-family homes typically include at least three bedrooms. For a condo or a stand-alone home, the average cost for a unit this size is $440,000. The majority of single-family homes are selling in the mid-$400,000s. Top-tier properties with luxury finishes and more space are valued in the upper $500,000s. Sales in the $300,000s represent the median closing price today. However, current listings are trending around $430,000. This is in line with the 8 percent increase in home values documented since 2014. Whether you want a small condo or a large single-family home, most properties list for $289 per square foot.

Find Apartments and Houses

Boston City Properties has simplified the process of searching for real estate in the Boston area. To save time and offer the best experience, we provide clients with a customized list of properties that match their individual requirements. All you have to do is tell us what you need and pick which properties you'd like to see. We'll do the rest. Our agents are available to show you rentals, condos and houses in South Medford and the surrounding area. To see what's available, click on the property search icon, and complete the form. Include any special requirements, and we'll send you the latest listings.

New South Medford Developments and Top Real Estate Properties

Medford is most well-known as the location for Tufts University Jumbos, but of course, this town has many other reasons why it is popular. It is just northwest of Boston, and it prides itself as the place where Jingle Bells, the world-famous Christmas song, was born. Although other places like Savannah, Georgia would dispute that, Medford and its neighborhoods including South Medford have become an area for young professionals. These people would often commute to Boston to work, and they choose to live in the quiet neighborhood.

South Medford has a well-documented history, and the whole town was officially recognized back in 1630. Although the area may not be as popular as the other towns in and near the city of Boston, you will pay the same when it comes to the average of the home prices. In fact, the median home value in this town is $438,500, and Boston proper has $468,000. Nevertheless, the costs of homes in Medford have been rising steadily with a 6.9 increase in 2017 compared to 2016.

Medford was even named as one of the best locations for first-time homebuyers, especially during the year 2013 because the median home price back then was only around $355,000. Although the prices have increased over the years, the town is still considered a good place for buying your first home, mainly because the tax rates here are much lower in comparison to the other parts of Massachusetts.

If your budget is $400,000 to $500,000, you can get a single-family home in Medford that measures 1,500 square feet at the very least. If you are lucky and you know where to look, you just might land a 3,000 square foot home with an exciting history. Additionally, the town has an excellent walk score, and the southern part of the city has an even better score.

Perhaps one of the reasons why many people love the place is because there are so many public parks in the area. Other recreational spaces are available as well, and they take up more than 118 acres of land. The city is quite desirable, not only for the first-time homebuyers but also for investors and those who have had experience in buying properties, especially around Boston. South Medford is indeed a lower cost choice compared to the other neighboring places, such as Somerville and Cambridge.

For many years though, the town did not have any commercial center, and there were no amenities, shops, and restaurants to be found. However, as the revitalization of the Station Landing and the Assembly Row commenced, the area now has several things to offer for both empty nesters and first-time buyers.

New Developments to Expect in the Area

Quite recently, there have been some mixed-use developments all around the city of Boston. As mentioned, commercial centers were not commonplace in Medford, but now it seems like it is the area’s turn to enjoy these constructions.

The city has just approved some projects, including the demolition of two buildings that exist in the area: one is the Eastern Bank, and the other is the Shaw’s grocery store. These two buildings were at 61 Locust Street, which is now the site for a new mixed-use complex.

This new development is just along the Beautiful Mystic River and is conveniently located between Wellington Station and Medford Square. The plan for this project includes that it will have three buildings.

The Medford’s Zoning Board of Appeals decided that the new development will comprise of 3,000 square feet of space, which will be allocated for the new Eastern Bank. It will also have 12,000 square feet of space on the building’s ground floor as well in which the same area will be usable for various amenities. Finally, there will be 4,000 square feet of flex space on the ground floor, too.

The development will also have some apartment units, totaling to 400 vacancies, ranging from studios to three-bedrooms. The residents and the other users of the buildings will also have 781 parking spaces. Based on the proposal for the project, the buildings in this development will range from four to six stories high. Most of the residential units will also have their balconies.

Also according to the proposal, about 10% of the units will be considered affordable, which will be helpful for middle and moderate-income households.

Meanwhile, quite recently, demolition was also performed just close to the idle bus shelter right on the Riverside Avenue. It started in August of 2017 to make way for the first stage of redeveloping the Riverside Plaza situated in Medford Square.

The Mayor of the city headed the groundbreaking process, which was held on August as well where the Medford City Council, along with staff members from the Office of Community Development and a State Representative joined the ceremony. Other people in the event were also present, including a School Committee member, an officer from the Executive Office of Energy and Environmental Affairs of the state, and the Medford Chamber of Commerce.

It is expected that this year in spring, this part of the city will transform into a public space and park where many people can gather. There will be an elevated stage where performers can hold their gigs, along with green space and comfortable seating arrangements for the public.

The contractor of the project explained that the open space in the area would be the city’s version of a social spot. The goal here is to provide a place for arts and performances while offering a unique method for residents so that they can connect with one another. Additionally, the residents will also enjoy the convenience of the location since it is linked to the pathways right along the Mystic River. People can see the majestic body of water as they spend time on the historic square.

The park will also have other anticipated features, which will include signage that will provide directions to the visitors so that they will know where the walking and biking areas will be situated. There will also be information that aims to educate the people regarding the features of the city, both culturally and historically.

Initially, the proposal of the project had two pieces of exercise equipment, which would be in the outdoor area. There were supposed to be a bollard and chain construction, along with a drinking fountain. However, these traits were immediately scrapped because the project did not have enough budget to offer those aspects.

After the groundbreaking, the bus shelter was expected to be taken down in two to three weeks completely. The team of developers was set to move on to the next phase, which was to construct the buildings. They continued their work as the weather permitted them, particularly during the harsh months of fall and winter.

This whole project is supervised by the Office of Community Development, along with the Office of Engineering. According to the plan, it should be finished early this year or by April of 2018. The estimated cost of the project is $500,000, but overall it exceeded this amount. It will now be around $750,000, and the partial funds come from the grant from the Federal Land and Water Conservation Fund.

Also recently is the redevelopment of the Meadow Glen Mall, which saw a transformation as it has turned into a shopping destination. It now features many of the nation’s successful and popular brands. One of them is Dick’s Sporting Goods, which celebrated its grand opening in September 2017. The sports and fitness retailer has joined Kohl’s and Marshalls, which were both open even during the center was being renovated.

The new Meadow Glen will also have Petco and Wegmans Food Markets, which will be the first-ever location of the grocer in Massachusetts that comes with The Burger Bar. The reimagined destination for shopping is conveniently set on 3850 Mystic Valley Parkway in the city. Meadow Glen is also easily accessible either by public transportation or car.

The reinvention aims to provide a one-stop shop for the customers, so they do not have to go from one location to another to purchase the goods they need from the favorite brands in the country. Aside from the new stores, there are also improvements in the center, including the renovation of the parking spaces, where there is now new landscaping and site lighting. The parking area also has updated signage on its exteriors. Additionally, the center also now includes storefront facades all throughout the building.

Meadow Glen has a total of 300,000 square feet of shopping space and is highly visible on the Route 16, which is just east of Interstate 93 and Mystic River.

Apartments, Luxury Homes, and Other Properties in Medford

The city has some properties with some of them on the market while others have found their owners. One of the notable luxury homes in the area is currently up for sale for $1,099,000. The price will give seven bedrooms to the new owner, along with two full baths. The total measurement of the lot is 3,520 square feet, which is located at 14 Renfrew Street.

This particular home is just a few steps away from the famed Tufts University. Choosing to live in this property will provide you with views of athletic fields and the campus. Although it is nearby the university, there is nothing to worry about the noise because it is on the quietest side of the street in South Medford.

It is a multi-family property where two family units are available and have undergone thorough updates over the last few years with their open and multipurpose floor plans. Both spaces also come with new bathrooms and kitchens, which have been tastefully renewed with cabinetry, stainless appliances, hardwood floors, and countertops.

As for the bathrooms, there are also coordinated tiled baths, which have been placed to complement both units beautifully. One of the spaces already found its owner but the other one is still vacant, and it comes with two full floors of living space. You can have four to five bedrooms on both levels. There is another floor as well, which is just a new addition onsite, and comes with four rooms: one is a gathering family room and the rest are three bedrooms. This specific unit also has hardwood floors, along with walk-in closets. The area is well-designed and an excellent choice for owner occupants or extended families.

Another available luxury home for sale in Medford is located at 83 Summer Street. It is quite massive and is also a little bit affordable for its enormous size. For 2,567 square feet, the property can be yours for the price of $989,900. It also has seven bedrooms but has two more baths than the first one for a total of four full baths. The cost for each square foot is $386, which is around the average in the neighborhood.

The property has four levels and is a two-family home as well and is also just a few minutes from Tufts University. The first floor of the complex features a massive living room, coupled with a dining room, in which both are in Philly style presentation. These two spaces have hardwood floors and a bedroom on the first floor as well. There is one renovated full bathroom in the area, along with a sunroom that is rear-heated. The remodeled kitchen now features white cabinets, new paint, granite, stainless steel appliances, and a breakfast bar. There is also a pantry with laundry.

The second floor uses hardwood floors and a bedroom. There is also a basement that has three finished bedrooms, along with a ¾ bath and a laundry area that is used by both units. If you are interested in the second place, it is located on the second and third levels of the building. The first level of the room comprises of two bedrooms, which also has a large kitchen, front porch, and one vast area for gathering with other residents in the place. All main rooms use hardwood floors.

As for the second level of the second unit, you will find three more bedrooms with one more full bathroom. There is also a fenced yard, windows, roof, siding, rear patio, and driveway among the many features available.

Another newly purchased unit is at 46 Willard Avenue, which is unit 1 of a condo in Medford. It has two bedrooms and two bathrooms in 1,360 square feet of space. It was sold for $637,450, which is equivalent to $468 per square foot. It is more expensive than the luxury homes mentioned above even though it is almost of the same size. It does show that the condos in the neighborhood are much pricier than single and multi-family dwellings.

This condo unit is in a building constructed in 1910 and has been renovated a few times before it was sold. It was finished and new because it has not been occupied ever since it was built. The property comes with a porch or patio and only has one level. It is entirely insulated and uses asphalt or fiberglass shingles for the roof and clapboard for the exterior of the building.

The unit is quite spacious as it offers a total of six rooms. It has some amenities, including cable TV, hardwood kitchen flooring, countertops, kitchen island, recessed lighting, gas stove, stainless steel appliances, and an open floor plan. The kitchen is located on the first floor of the unit, along with the dining room and the living room.

The other rooms in the unit can be used as an office and walk-in closet. The building offers one parking space off the street for the resident. The convenient location allows the owner to enjoy different amenities in the community, including public transportation, walking or jogging trails, a shopping park, and a nearby medical facility.

Just quite recently, a newly renovated two-bedroom with two bathrooms in a three-level property has grabbed the attention of some house hunters. The triplex is near the Main and Medford streets and has a total of 1,352 square feet of available space. It is indeed a luxurious condo, which is just close to the Somerville-Medford line.

After the renovation, the six-room property now has modern appliances, style, and amenities. It means you can find smart home technology and a learning thermostat among many others. The new owner of the property will also have off-street parking space and storage in the basement of the building.

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