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$1.5M On The Cape

 

Another great curbed Comparison from Jazmine at Curbed.Com.

What $1,500,000 Buys You on Cape Cod 

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for around $1,500,000.

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[760 Campground Road, Eastham via Realtor.com]

Here now, eight Cape Cod properties asking $1,500,000– year-round, on the beach, close to the beach, abutting the Cape Cod National Seashore, in the village, with an in-ground pool, Circa 1890, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

Map data ©2015 Google

What $1.5M Buys on Cape Cod

POCASSET
Kicking off in Pocasset with a 6BD, 4.5BA water view estate consisting of a main residence and carriage house on 1.13 acres. Asking price is $1,495,000.
WEST FALMOUTH
When we first wrote about this circa 1890 charmer on West Falmouth Harbor, a commenter asked, “Wouldn’t you love to see Grandpa’s face when you tell him the ol’ family cottage is now worth $2 mil smackers?” Alas, two chops later, the ask is down to $1,500,000.
NEW SEABURY
For better or worse, the ’70s are alive and well in this 2,766-sq.-ft. home “on New Seabury’s prestigious Triton Way.” The .43 acre spread has an in-ground pool and is asking an even $1,500,000.
DENNIS VILLAGE
Built in 2006 on .55 acres, this 4BD, 4BA just “a stroll to beautiful Bayview Beach” features multiple fireplaces, built-ins galore, top of the line appliances in the kitchen and a finished lower level. Asking price is $1,495,000.
HARWICH PORT
Once asking $1,895,000, this 3BD “in one of the most desirable neighborhoods in Harwich Port” is now hoping for $1,495,000. As for views and beach access, “step out to the front yard, look to your left and you see the ocean less than one tenth mile to Nantucket Sound.” So there’s that.
EASTHAM
This 1940s compound on Cape Cod Bay includes a main house and guest cottage on .25 acres. The spread has views galore, an 800-sq.-ft. deck, and private stairs to the beach for $1,499,000.
TRURO
This tricked-out .78 acres spread “on a hill abutting the Cape Cod National Seashore” features an in-ground pool, perennial gardens and a 3BD with a screened-in porch with a built-in grill and hot tub. A $255K pricechop in early May brought the ask down to $1,495,000.
PROVINCETOWN
Finally, to PTown. This West End contemporary features views of Provincetown Harbor and Long Point Lighthouse from the top floor, lots of parking and three bedrooms in 3,798-sq.-ft. Asking price is $1,495,000.
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$499,000 On The Cape

Great post by Jazmine!

What $499,000 Buys You on Cape Cod Right Now

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[361 Commercial Street, Unit C, Provincetown via Zillow]

Here now, eight Cape Cod properties asking $499,000 – year-round, condos, Capes, close to the beach, in need of TLC, in the village, with an iconic small business on Provincetown Harbor, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $499K Buys on Cape Cod
SAGAMORE BEACH
Kicking off in Sagamore Beach with a “to be built” 2BD, 2.5BA. The cottage style home will be 1,850-sq.-ft. and sit on .27 acres close to the beach. Yours for $499,900.
FALMOUTH VILLAGE
Asking $499,000 is this updated three bedroom end unit condo at Treetops. “Enjoy all of the amenities with inviting pool, clubhouse, tennis courts, dock on Oyster Pond and private beach on Vineyard Sound!”
BARNSTABLE VILLAGE
Built in 1961, this $499,000 2BD, 1BA cottage is just “three houses from the private neighborhood beach, across from Sandy Neck.” The 975-square-footer has peeks of Barnstable Harbor and walkability to “Barnstable Village, Millway Marina, restaurants, shops.”
WEST YARMOUTH
Here’s a 3BD, 2BA ranch with a separate 1BR, 1BA apartment and an extra building lot. The 1.09 acre spread also includes a two-car garage, two sheds and a greenhouse. Asking price is $499,000.
DENNIS VILLAGE
“North of 6A with private association beach .5 miles away” is this 4BD, 2BA with a three-car garage. The 1,616-square-footer is listed for $499,000 plus a $25 monthly association fee.
WELLFLEET
The 3,217-sq.-ft. main house of the Green Haven Condominium Complex is a 3BD, 3BD with an exclusive use outdoor area for $499,000.
TRURO
Located on Beach Point, this 3BD, 2BA comes with views Cape Cod Bay and Pilgrim Lake, plus “quick access to the beach.” The 1,456-sq.-ft. home is asking $499,900.
PROVINCETOWN
Brace, the iconic Northern Lights Hammock shop is for sale. The 320-sq.-ft. waterfront condo is available with the swingin’ seasonal business for $499,000 or solo for $$449,000.
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Boston Ranks High In Retirement Livability Index.

Provincetown shares many of these same characteristics! Just saying.

 

Why You Should Stay in Boston for the Rest of Your Life

Forget retiring to Florida. Boston may be the place to settle down.

According to AARP’s “Livability Index,” Boston is the second most-livable large city in the United States, falling just behind San Francisco.

Though AARP makes it clear that the index can relate to people of all ages, there are specific applications for the elderly:

“Retired residents on fixed incomes need affordable places to live; those who don’t drive need other transportation options; and those with mobility challenges need accessible transportation and housing. No one wants to be forced to leave their community because of changing income or physical agility.”

And, on AARP’s list of the 10 most livable neighborhoods, Boston’s Downtown Crossing made the cut.

AARP elaborated upon Downtown Crossing’s score calling it, “A shopping district in transition to more mixed use with high-rise residences. Adjacent to Boston Common (and all of its recreational amenities), the theater district and the financial district. Stations for three main rail lines are nearby. Some streets are for pedestrians only.”

With AARP’s “livability index” you can type in an address, state, city, or zip code to get a score that is based on an assessment of seven categories: housing, neighborhood, transportation, environment, health, engagement, and opportunity.

Boston received a score of 65 out of 100 for livability, broken down into the seven categories below. Each score is out of 100.

Housing (80): 86.3 percent of the units in Boston are multi-family and there are 681 subsidized housing units per 10,000 people, which is way above the U.S. median of 124. AARP says that they measure units that are multi-family as elders whose spouses have passed away, single-parent families, childless couples, or people who choose to share housing with roommates may prefer this living situation. But Boston’s housing costs, ($1,455 average per month), which includes taxes, rent, mortgage fees, and utilities, falls significantly above the U.S. average ($999 per month).

Neighborhood (76): In this category Boston ranks above the national average in a slew of metrics: access to grocery stores and famers markets, access to parks, access to libraries, access to jobs by transit, access to jobs by auto, diversity of destinations, and activity density. However, the city’s crime rate is slightly higher than the national average.

Transportation (84): In regards to frequency of local transit service, walking trips, household transportation costs, and crash rates, Boston does better than the United States on average. Maybe not so shockingly, Boston does worse than average in terms of traffic congestion.

Environment (65): Boston ranks well in drinking water quality and air quality, boasting only two unhealthy air quality days per year, below the median U.S. average of eight days. But Boston does fall short in near-roadway pollution and local industrial pollution.

Health (65): 99.8 percent of people in Boston have access to exercise opportunities and 21.7 percent of people are obese, which is below the national average. Tobacco use and the availability of health care professionals are both fairly average. But preventable hospitalization rate and patient satisfaction in Boston both were worse than the national averages.

Engagement (61): This category looked at metrics based on civic and social engagement in the community. Boston ranked very high in Internet access and also fell above the national average of the number of cultural, artistic, and entertainment institutions available. Opportunity for civic involvement and the social involvement index were both about average, while voting rates in the Hub are lower than the national average.

Opportunity (25): This was Boston’s worst ranking of the seven, scoring below average in all of the metrics – income inequality, jobs per worker, high school graduation rate and age diversity.

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$589,000 On The Cape

Another great curbed.com comparison from Jazmine.

What $589,000 Buys You on Cape Cod Right Now

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for $589,000.

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[359 Commercial Street, Unit C, Provincetown via Zillow]

Here now, eight Cape Cod properties asking $589,000 – year-round, condos, Capes, close to the beach, in need of TLC, in the village, Circa 1775, overlooking Provincetown Harbor, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $589K Buys on Cape Cod

CATAUMET
Kicking off in Cataumet with a classic suburban listing for a 1992 Colonial with 3BR, 2BA on a cul-de-sac. The .97 acre property is asking $589,900.
EAST FALMOUTH
This geographically inclined listing for a “remodeled California ranch” with “a new European style kitchen” and a family room featuring “a Tennessee marble floor” is yours for $589,900.
NEW SEABURY
Here’s a 2,357sf fixer upper on .25 acres in New Seabury for $589,000. The 3BD comes with a sauna, three-season porch and is a “short walk to a fresh water beach.”
OSTERVILLE
Located on the spicy Nutmeg Lane is this 3BD, 2BA ranch. The Oyster Hills listing hit the market in June 2014 for $634,500 and is now hoping for $589,000.
HYANNIS
The original Nathaniel Snow House dates to 1775 and is named after the second owner, Winslow Gray. Asking price for the 7BR compound is $589,000.
DENNIS VILLAGE
First listed in September 2014 for $675,000, this 3BR Cape on 2.09 acres is now looking for $589,000.
CHATHAM
South of Route 28 is this 3BR, 2BA ranch “in move-in condition.” The 1,484 sf home is asking $589,000.
PROVINCETOWN
On the market for the first time in almost 20 years is this 1BR, 1BA with an exclusive use deck. “This downtown penthouse water view condo is quintessential Provincetown!” Asking price is $589,000.
See all available properties at Beachfront-Realty.com
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What’s New In Provincetown?

What’s New?

The West Vine – Bradford Four Corners neighborhood continues to grow.  Three new townhouses at 51 West Vine are being built next to the existing 55 West Vine and 57 West Vine condos. The foundation has been poured for two large condos at 162 Bradford Street Extension. Both three bedroom units are already under agreement pre construction with asking prices of $1.095M and $1.175M. Victors Restaurant and Gale Force Bikes are the commercial centers for the neighborhood.

 

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View from West Vine above Bradford Street.

 

Sections of Commercial Street in the East End and Bradford Street downtown are being repaved over the next few weeks. Beware of parking issues. Picture is of Commercial Street looking east from around number 596 Commercial Street.

 

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The former WA store at 220 Commercial Street has been renovated into two gorgeous new retail spaces. Both have been leased to successful retail operations. Watch for opening announcements in the next few weeks.

 

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The Herring Cove Beach parking lot has been a staging area for the reconstruction work on Province Lands Roads, the road from Herring Cove Beach to Race Point Beach. It should be completed by Memorial Day. The beach erosion at Herring Cove is extensive and the lower part of the parking lot toward Hatches Harbor has lots of damage.  It should also be repaired by Memorial Day. See Cape Cod National Seashore website.

We are anxiously awaiting the reopening of the wildly successful Farlands Reataurant On The Beach at the  new bath house at Herring Cove pictured below.  It has become a local “must do” especially on music and bonfire nights.

 

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…and the horses are resting up for the season at the horse barn on West Vine and Blueberry.

 

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Hope to see you soon.

 

View all properties for sale at Beachfront-Realty.com.

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Low Interest Rates Continue – For Now!

 

Interesting post from Scott at Boston.com. The rate rise consensus has swung back and forth.  Rates will rise …rates will stay low.  Rates are staying low in the short term with increases likely in the long term. How’s that for hedging my bets?

 

How Long Will Low Interest Rates Continue to Help Buyers?

Even in the super expensive Boston area, rising prices may be not necessarily be the biggest threat to buyers in finding a home they can afford.

Instead, an equal or even greater threat over the next few years may be the likelihood that the low-interest-rate gravy train will finally come to an end, experts say.

Overall, low interest rates have kept mortgage payments low, even as prices in a number of hot Boston-area neighborhoods and suburbs have blown past their price records of a decade ago, real estate stats show.

After a disappointing federal jobs market report at the beginning of April, interest rates actually dipped again, skirting historic lows.

Yet with the Federal Reserve having already signaled its plans to consider boosting the federal funds rate by as early as this summer, the writing is on the wall, said Svenja Gudell, Zillow’s senior director of economic research.

That, in turn, could have major implications for home prices and affordability, here and across the country.

“I don’t think this is the trend,” Gudell said of the recent interest rate dip. “We will see mortgage rates pick up in the long run.”

So how much of a difference do those killer low rates make when buying a house?

The prime rate on a 30-year-mortgage, as of April 9, was 3.66 percent, according to federal mortgage giant Freddie Mac, which surveys banks around the country.

If you took out a $500,000 mortgage to buy a three-bedroom house in Waltham, your monthly payments, at that rate, would amount to $2,290, according to Bankrate’s mortgage calculator.

Now let’s boost the interest rate to 6 or 7 percent. These are rates that were common on mortgages back in the 2000s and were not considered particularly high, either.

At 6 percent, the monthly payment on that Waltham house increases to $2,997 – a 30.8 percent increase.

Boost the rate up another point to 7 percent and the monthly payment jumps again, to $3,326, or a 45 percent increase.

As rates rise, buyers, already scrambling to keep up with rising prices could find themselves with diminishing buying power, at least for a time, anyway.

What happens after that will depend on what prices wind up doing.

In theory, as interest rates rise, sellers will eventually be forced to lower their prices or wind up missing the mark with buyers.

“As rates move, we will see some top down pressure on prices, especially in areas where housing is really too expensive,” said Gudell, the Zillow economist, pointing to Boston, San Francisco, and other high-priced markets.

Still, she doesn’t see rising rates triggering a housing crash, either.

There will be time for the market – and buyers and sellers – to adjust as well, Gudell believes. Rates won’t soar overnight, but are more likely to slowly edge up over time.

“I think the increase will be a gradual one,” she said. “At the end of this year, we will already start to see higher mortgage rates, but we are not going to see rates increase to 4.5 percent or 5 percent right away.”

 

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The Goode And Farmer Report – April 2015

 

The Goode And Farmer Report – April 2015 –

PROVINCETOWN

 

What a first quarter! Blizzards, arctic winds, record snowfall – it seemed like it would never end. But finally, spring is here!

It’s tough to identify trends in the first quarter with such a small sampling of information. Especially for a quarter rocked by historically severe weather. Yet with that said, first quarter results were surprisingly strong – a sure sign that demand remains high! For the most part, sales and prices have shown moderate gains and with warmer weather sure to come, the energy is right for a solid spring market.

In Provincetown there were 22 condominium sales in the first quarter vs. 24 last year. The median sales price was up 27% to $528K and the average sale price was up 15% to $528K. Sales volume was even with last years at $11M. The average price per square foot for condos sold was $563, up from $500 per square foot in the 1st quarter of 2014. There are 82 condos on the market with an average asking price of $590K and average price per square foot of $666.

The average sale price for a single-family home was down 5% to $1.03M from $1.08M. The number of single-family home sales in Provincetown increased by 50% to nine from six last year. There are 40 single-family properties on the market with an average asking price of $1.37M. There is still a shortage of inventory in this category that continues to have a direct impact on sales numbers.

 

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Provincetown continues to lead the way on the Outer Cape with higher prices and a higher sales volume. It continues to attract international buyers as well as buyers from around the country who have visited over the years and who now want to have a home here.

We expect that the late spring will create a rush of buyer interest and range of new properties for sale. This delayed spring market coupled with consistent and pent up demand, as well as continued low interest rates, creates an historically opportune time for homeowners to sell.

 

TRURO AND WELLFLEET

 

The average sales price for single-family properties in Truro was up 26% to $922K from $733K in 2014. However, the median price was down 12% to $626K. The number of sales was up from eight to 10 this year. Currently,there are 103 single-family properties on the market with an average asking price of $891K.

In Wellfleet, the average sales price of single-family properties increased dramatically. The reason for this sharp increase was due to the sale of 95 Granny Treats Road – a single-family home that sold for $5.1M – that skewed averages much higher. The number of sales decreased by more than half to five units from 13 in 2014. There are 48 single-family properties on the market with an average asking price of $954K and a median asking price of $601K. Wellfleet is predominantly a single-family sales market as well.

 

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Even with the severe weather this winter and a shortage of inventory in some categories, we continue to see increased prices and sales numbers on the Outer Cape. This illustrates a very resilient market and strong buyer demand.

Please call or stop in if you are thinking of buying a home or selling your existing home, or if you are just curious to see what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are the most satisfied with their results. And that’s what we do best.

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Beachy Listings Under $300K

 

Fun post by Jazmine at Curbed.com. It is amazing what you can get for under $300K!

 

11 Beachy Outer Cape Listings Under $300K

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in Cape and Islands neighborhoods. This week, beachy Outer Cape listings for under $300,000.

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Here now, 11 beachy Outer Cape properties asking under$300,000. These Truro and Provincetown (sorry, Eastham and Wellfleet) listings are all condos – seasonal and year-round; from 186 to 651 square feet; asking $169,900 to $299,900 – located directly on Cape Cod Bay or within beachfront complexes. Onward to Commercial Street and Shore Road!

Outer Cape Beachfront Listings for Under $300K
566 SHORE ROAD, #2
Built in 1930, this 2BR, 1BA cottage condo is all of 320 square feet and, as the excited brokerbabble point out, “is right on the beach!” Asking price for Unit 2 is $299,900.
556 SHORE ROAD, #6
“A direct waterfront dream can be yours!” So begins the brokerbabble for this 1BR, 1BA at Shoreline Beach Condominiums. Asking price for the 651 square foot unit is $299,000.
544 SHORE ROAD, #9
Located on Beach Point, this 416 square foot cottage has water views and is just “steps away” the association’s private beach. Unit 9 is asking $297,000.
496 SHORE ROAD, #9
Unit 9 is a 401 square foot waterfront condo at The Crow’s Nest Resort. The 1BR, 1BA features an outdoor area and an association beach. Yours for $289,000.
355 COMMERCIAL STREET, #7
Unit 7 is a detached 1BR, 1BA condo in Angel’s Landing, a waterfront complex on Provincetown Harbor. The 282-square-footer comes with an exclusive use patio and access to the association deck. First listed in May 2014 for $299,000, a March chop has brought the ask down to $275,000.
353 COMMERCIAL STREET, #18
Also located in Angel’s Landing is this updated and turnkey studio condo with “direct access to the gated brick patio and deck on the beautiful Provincetown Harbor beach.” Unit 18 hit the market back in 2012 for $294,000 and was chopped last month down to $260,000.
482 SHORE ROAD, #6
This top floor 1BR, 1BA on Cape Cod Bay comes with parking for two and an exclusive use balcony with views from “Provincetown to the bridge.” The price tag is $259,000.
482 SHORE ROAD, #18
Here’s another unit at the Seaside Inn complex. This 1BR, 1BA has an “exclusive use deck with a couple of more steps into the water” and apparently rents for $1,500 per week. Asking price is $259,000.
482 SHORE ROAD, #19
Yet another Seaside Inn condo is looking for a buyer. This 1BR, 1BA is 384 square feet with a $259,000 ask.
357 COMMERCIAL STREET, #2
Squeeze into this seasonal PTown condo for $245,000. Located in a waterfront complex, the attached cottage is all of 186 square feet and is being offered turnkey.
496 SHORE ROAD, #7
Finally, back to The Crow’s Nest Resort. This 271 square foot unit is a foreclosure with a $169,900 asking price.
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Boston’s Record Breaking Development

Great post by Scott at Boston.com

The Numbers Behind Boston’s Record-Breaking Year in Development

March 31, 2015 2:53 PM

Boston’s building boom is poised to shift into overdrive over the next few months as two big new tower projects come up for approval at City Hall.

A revised proposal to replace a four-story garage next to the TD Garden with a 46-story residential tower is working its way through the Boston Redevelopment Authority’s vetting process, said Brian Golden, director of the Boston Redevelopment Authority.

And the first of four towers that will replace the Government Center garage eyesore is also moving towards a final approval vote by the BRA’s board, Golden noted.

The progress on the big projects is the latest sign that the handoff of Boston’s development boom to Mayor Marty Walsh has apparently come off without a hitch.

During Walsh’s first year in office in 2014, the Boston Redevelopment Authority gave a green light to 62 projects across the city totaling more than $3 billion.

So far in 2015, City Hall’s development arm has approved another 16 projects, totaling more than $677 million, according to numbers complied by the agency.

“It quite literally has been one of the most active periods for building in Boston’s history.”

All told, 20 million square feet of new development has been green-lit by City Hall over the last few years but have yet to break ground, representing dozens of projects that are coming soon, according to BRA officials.

“That presents a very promising picture about all the projects that are in the pipeline and that will bear fruit in the coming two or three years,” Golden said.

Meanwhile, the amount of new office, lab, residential, and retail space currently under construction has also grown dramatically.

That number has nearly quadrupled to 15.6 million square feet, up from 4.5 million in 2012, according to Nicholas Martin, the BRA’s spokesman.

Projects that have won the blessing of city officials this year include the $290 million Fenway condo and apartment tower, The Point, and an $85 million plan to transform the Chain Forge Building in the Charlestown Navy Yard into a hotel.

“It quite literally has been one of the most active periods for building in Boston’s history,” Martin said.

The numbers also include thousands of new homes, condos, and apartments, with Walsh, like the late Mayor Thomas M. Menino before him, having pledged to make new housing a top priority.

Overall, the Walsh Administration has racked up numbers during its first 15 months in office that appear to match up favorably with Menino’s record — no small matter given Boston’s longest serving mayor’s intense focus on development issues in the city.

Under Walsh, the BRA signed off on plans for 4,158 residential units in 2014, rising to a total of 5,100 if the first three months of 2015 are included.

By comparison, City Hall’s development arm approved 3,898 residential units in 2012 when Menino was mayor. The $3.4 billion in overall development OK’d by the agency that year was on par with the $3 billion under Walsh’s first year.

Behind Boston’s development boom is a diverse economy that is spinning off jobs in a range of sectors, including high-tech, life sciences, and financial services, real estate experts say.

The Hub’s residential, hotel, retail, and office markets are some of the most highly rated in the country when it comes to interest by real estate developers, a new survey by PwC and the Urban Land Institute finds.

There is also pent up demand for new housing amid steady growth in Boston’s population as an eclectic mix of millennials, young families, and empty nesters rediscover urban living.

The big numbers should put to rest early concerns expressed by some in the business community that Walsh might slow down the pace of development in Boston, notes David Begelfer, chief executive of NAIOP Massachusetts, a trade group that represents developers from across the state.

“Things have been moving along,” Begelfer said. “Boston is in boom time right now and it’s not a bubble but a real boom. It is very rational development.”

 

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Provincetown Listing Of The Week – 67 Bradford Street Ext.

 

Beautifully renovated West End home. Brand new to the market.

 

67 Bradford Street Extension is a completely renovated West End home with three bedrooms three and one half baths with 2,305 square feet. It has a large lot of 9,880 square feet and is being marketed for $1,449,000.

 

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MLS COPY: This classic cape has 3 bedrooms and 3.5 bath and was totally renovated last year. The open plan living-entertaining area is perfect for large gatherings. The focal point is a raised dining table that seats 8-12. The living room is centered around a gas fireplace -oversized windows let the gorgeous cape light in. The brand new kitchen has jet black counter tops, white Carrera marble backsplash, Fisher Paykel fridge, Jennair Pro range and D/W. There is a powder room discretely positioned in the entry hallway. The master bedroom has a gas fireplace, raised ceilings, and a luxurious master bath.There are two other bedrooms (one being used as a den) and a full bath on the second floor. The brand new lower level contains a large media room/suite with a full bath. Central air, irrigation, multiple car parking, close to beache

 

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The surrounding lawns and hardscape were all redesigned and expanded last year.  The house is surrounded by lawn and lounging areas as well as perfect gardening spots, in fact there is a special irrigation  zone for a vegetable garden.

 

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67 BSE Front walk w fountain

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67 BSE Classic front

 

 

 

 

 

 

View all properties for sale at Beachfront-realty.com.