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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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Provincetown- New Listing Of The Week

65 Bayberry Avenue just came on the market.  Certainly one of the most substantial properties in Provincetown. It has three bedrooms, four baths and 4,182 square feet.  It is being marketed for $2.75M.

 

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MLS COPY: Your private resort is steps to Commercial Street and sited beautifully with mature landscaping that’s impeccably maintained. Exceptionally renovated with custom craftsmanship , this home provides 3 levels of living each with walls of glass with decks leading to a custom pool/spa area with granite patio, lounging deck, outdoor kitchen and a propane fire pit perfect for those chilly evenings. The home has two master bedrooms, both with sitting areas, and a third bedroom with an office. The top floor is the living room, chefs kitchen (award winning), and a octagon shaped dining room. One level up is a roof deck with views of the bay and conservation land. There is a dumbwaiter to all floors, security system, two car garage,sound system and all the amenities one expects from a home of this quality. Ready for your enjoyment.

 

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See all available properties at Beachfront-Realty.com

 

 

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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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Provincetown Sale Of The Week – 524 Commercial Street

 

524 Commercial Street is a three bedroom, four bath home with 3,000 square feet in the East End neighborhood of Provincetown.  It sold for $1.425M with an asking price of $1.499M.

 

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MLS COPY: Welcome to the historic birthplace of Admiral MacMillan, Arctic Explorer. This 1850 original antique has been completely rebuilt in conjunction with Provincetown historic codes. Details seen from the front and public way have been painstakingly repaired or replaced. The home is now totally rebuilt and renovated to the highest standards using top grade materials and incorporating many modern amenities. Included in the 3000sf contemporary design is a first floor open living plan, a finished basement, and three bedrooms with en suite baths upstairs. See attached floor plans and expanded detail for more. This will truly make the next owner a very special and unique historical homestead!

 

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See all available properties at Beachfront- Realty.com.

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Provincetown Listing Of The Week -12 Holway Avenue #4

12 Holway Avenue #4, one bedroom condo plus a den and loft, two baths, 1,025 square feet and is being marketed at $629,000.

 

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Extraordinary architect designed loft with cottage charm. This large one bedroom plus den condo has a unique design. There is a beautifully designed stainless and stone kitchen with a movable center island and a large separate dining area all enjoying soaring double height ceilings. Quartzite floors create a warm natural feel. There is a convertible guest room/den directly off the dining area and a full guest bath. Step down a few steps into the living room that has a full wall of windows that look out to a lush private garden and patio, a gas fireplace and a built in bar. The second level has a master bedroom and custom master bath. A technically striking loft space steps is steps up from the master bedroom that overlooks the main level. The bedroom has cherry hardwood floors and the loft has stained ash hardwood. There is an electrically operated wall of dormer windows on this level that lets the beautiful cape light and breezes in. A/C, parking, extra storage and much more.

 

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12 Holway Avenue #4 is part of a 5 unit association. It has one bedroom and 2 full baths, a separate loft area and a convertible den/guest room with 1,025 square feet. Condo fees are $240, FY 2015 taxes $2,226. There is a Title 5 septic.

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

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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.

359commercialc.jpg
[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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Provincetown Listing Of The Week – 1 Atlantic Avenue

 

The listing of the week is 1 Atlantic Avenue,  a three bedroom two bath single family home with 1,673 square feet. It is located on the corner of Atlantic Avenue and Commercial Street in the near West End. It is being offered at $1,485,000.

 

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MLS COPY: Every inch of this classic Cape has been meticulously restored to 21st century style and convenience while still retaining its 1700s heritage. The chef’s kitchen features 2 inch thick Carrera marble atop custom cabinetry, a professional Thermador dual-fuel range and Sub-Zero glass-front refrigerator. This 3 bedroom home is currently configured with two master bedroom suites, one on the main level and one on the second level, each with a fireplace and adjoining private dressing rooms and world-class baths. Exquisite living room downstairs with fireplace, and a large vaulted media room on the second level (previously used as a third bedroom). Magnificent perennial gardens with complete irrigation fed by private well. Two large parking spaces. Properties of this quality and exceptional location are rarely available.

 

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This is a gorgeous restoration of a 1700’s house.

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.”