Categories
general info

3 Reasons The Market Will Thrive In 2014

 

Another great and succinct post by the KCM gang!

3 Reasons the Housing Market Should Thrive in 2014

by 

three

Recently, HousingWire asked David Berson, chief economist at Nationwide, for his opinion on the near-term future of housing. Below are what Mr. Berson believes to be the three things you need to know about housing in 2014. We have included a quote from the article and a small comment from KCM for all three points.

Number 1: 2014 should prove to be the strongest year for housing activity since before the Great Recession

“Most economists expect an improved job market in 2014, with employment growth accelerating and the unemployment rate continuing to decline. That jobless rate drop will reflect more of a pickup in employment than further declines in the labor force participation rate. This will be the key factor improving housing demand this year, even if mortgage rates rise and affordability declines. While the housing market tends to do especially well when the job market improves and mortgage rates decline simultaneously, that combination of events occurs only rarely…People buy homes when their job and income prospects improve – even if it’s more expensive to do so – rather than buy when it is inexpensive to do so but they’re worried about keeping their jobs.”

KCM Comment:

We agree that the job market will continue to improve and that rising interest rates will not be a detriment to the market in 2014. As Doug Duncan, SVP and chief economist atFannie Mae, recently revealed:

“Consumers have taken the interest rate rise in stride. Expectations for continued improvement in housing persist, and sentiment toward the current buying and selling environment is back on track.”

Number 2: Demographics should start to favor housing activity

“If the economy expands at a faster pace this year, bringing a more rapid rate of job creation, that should translate into more households, raising housing demand. We won’t see all three million missing households return to the housing market at once. (That wouldn’t be a good thing for the housing market anyway, since that would be on top of the 1.2 million households that normally would develop this year; such a surge would swamp the existing housing supply). Beginning in 2014, the pace of household formations should accelerate to an above-trend pace for several years, pushing up housing demand.”

KCM Comment:

The Urban Land Institute recently released a report, Emerging Trends in Real Estate 2014, projecting that 4.48 million new households will be formed over the next three years. Millennials will make up a large portion of these new households. With the economy improving, we believe they will finally be moving out of their parents’ homes and, after they compare renting versus buying, many will choose homeownership.

Number 3: Mortgage availability shouldn’t worsen and may improve

“The rise in mortgage rates already has reduced mortgage origination volumes as refinance activity declines. If mortgage rates rise further this year, as expected, then refinance activity will fall still more. In response, mortgage lenders probably will ease lending standards to the extent possible under the QM rules to boost lending activity by increasing purchase originations. As a result, the increase in new households expected to be created this year, spurred by a stronger job market, should find that qualifying for a mortgage loan will be somewhat easier in 2014 than in prior years.”

KCM Comment:

We also believe that, as the refinancing market begins to dry up, mortgage entities will be more aggressive in the purchase money market (mortgages necessary to purchase a home). There even seems to be recent evidence that lending standards are actually loosening.

Categories
general info

Affordable Water Views

Below is a great new townhouse listing of ours at 4 Willow Dr #9.  This is a 2 bed, 2 bath condo with 1,065 square feet for $579K. Check out the water views!

 

4 Willow 1

4 Willow 2

4 Willow 4

4 Willow 3

 

 

 

 

 

 

MLS COPY: Spectacular water views from hilltop East End Townhouse. Enter great room kitchen dining living open to 1st deck. Half bath with laundry complete this level. Up one floor to observatory room, currently used as a home office and den, with large walk out roof deck and panoramic views. Lower level has two good size bedrooms and a full bath and a 3rd deck. Wall unit AC on each level. LP gas Rinnai FHA heat main level. 1 parking space plus ample guest parking. Pets okay for owners. One month minimum for rentals.

Categories
general info

Sold In March In Provincetown

March was a challenge weather wise, but regardless of blizzards and cold weather the market was active.  I have highlighted a few of my favorite properties that sold in March. As you will see in The Goode and Farmer Report for the first quarter which will be out soon, sales of condos were very strong and average prices were up too. Even with the weather problems…commerce continued – a sure sign that buyer demand remains strong.

22 Pearl St #3 was one of our favorite condos to show.  It was a fun combination of funky Provincetown charm, great space, and a superb location. It is a 2 bedroom 1 bath condo with 877 square feet and sold for n$426K.

 

22 Pearl 2

22 Pearl 1

22 Pearl 4

22 Pearl 3

 

 

 

 

 

MLS COPY: Great location in this sunny top floor 2 bedroom just steps to Commercial Street, located on a quaint street near the center of town. Enjoy the exclusive large exclusive deck and roomy living room with an open floor plan into kitchen area. Lots of old mixed with a contemporary flair. The large master bedroom features antique wide pine plank floors, half barrel ceiling and an interesting alcove within the bedroom. Upgrades include plumbing and electrical systems and the attic area in this condo has been recently insulated. One parking space, Weekly rentals permitted and pets for owners allowed.

 

38 Franklin St #2 was another great condo with a big private deck atop Franklin Street.  It is a 1 bedroom 1 bath condo with 600 square feet and sold for $399K.

 

38 Franklin 1

38 Franklin 3

38 Franklin 4

38 Franklin 2

 

 

 

 

 

MLS COPY: This bright and airy, top floor, 1BD, 1BA condo is part of a small association, conveniently located in the West End and minutes to Commercial St. The recently upgraded kitchen is part of the open concept kitchen, living, and dining area. Sliders lead from the living area to the large and exclusive westerly facing deck – perfect for viewing sunsets! A large bedroom and bath with walk-in shower and additional storage complete this well maintained, move-in ready home. Hardwood and tile floors throughout. Shared laundry facilities and storage are provided in the common basement. Oil heat, hot water, water and ongoing sewer costs included in the low monthly association fee. Parking.

 

1 Railroad Ave was another favorite as it was the most inexpensive single family house on the market for a long time. It has 1 bedroom and 2 baths and 900 square feet.  It sold for $445K .

 

1 RR 41 Railroad Ave. 2/3, $469K1 Railroad 21 RR 3

MLS COPY: Charming centrally located single family home. Own a nicely renovated two level, one-bedroom, two-bath home conveniently located in the center of town for the price of a condominium! The top floor bright living area has expansive northern light windows, hardwood floors, a modern kitchen with an island, full bath with laundry, a loft den and deck. The entry level has a spacious foyer, an office area and a bedroom with bath en suite and sliders that open to the rear gardens and patio area. Oil heat, parking private yard!

 

4 West Vine Street, one of the great houses in the West End sold for $1.225M.  It is a two family home with 2,014 squatter feet.

 

4 West Vine 1

4 West Vine 2

4 West Vine 4

4 West Vine 3

 

 

 

 

 

MLS COPY: Rarely available West End home! This antique two-family is supremely located in the heart of the historic West End village, just steps to the beach. The 1st floor is beautifully renovated with gleaming pine floors, 2 amply sized bedrooms each with en-suite tiled bathrooms, granite counters, a large dining area, gas fireplace, and office nook. The unit is accessed from the front yard, with its lush lawn, surrounded by a white picket fence. Upstairs, the other apartment has a large living room with a view to the water past Captain Jack’s wharf, a formal dining room, kitchen, bedroom and bath. On site parking & lovely grounds round out this offering. Enjoy turnkey rental income from both units, convert the property to condos,or combine both units into a single family.

 

 

Categories
general info

Listing Of The Week

Our favorite new listing of week, and not just because it is ours! 596 Commercial Street #1. This is a 2 bedroom 2 bath 1,085 square foot townhouse with an incredible water view deck off the master bedroom and is being marketed at $580K.

 

596 Com #4

596 comm 2

596 Comm

596 Com beach

 

 

 

 

 

MLS COPY: Water view townhouse with deeded beach access on Commercial St in a charming East End neighborhood. Updates in recent years include kitchen, bathrooms and flooring. 2 bedrooms and 2 full baths. Private balcony off the master with a nice water view. Washer and dryer in unit. 1 pet per unit is allowed and rentals of one month or longer are permitted. 1 off street parking space.

Categories
general info

When Will Home Values Return To Peak?

Interesting post with a national perspective from HW  Housing Wire’s Trey Garrison.

Home prices won’t return to peak levels until when?

Clear Capital sees 3-5% appreciation rate

 

Home prices are growing slowly but remain in line with inflation, Clear Capital reported in its Home Data Index, but at this pace it will be 2021 before they return to peak prices.

National home prices are right in line — within 2% — with inflation adjusted long-run average levels, which Clear Capital says shows prices have normalized post-bubble and future rates of growth will look more like historical rates of growth. Home prices have typically gained between 3% and 5% a year.

At the current quarterly rate of national growth, peak prices won’t be reached until the year 2021.

“With the majority of metro markets still so far below peak prices, it’s time for conversations surrounding price trends to shift away from the 2006 peak as the point of reference, and back to current trends and forecasts,” said Dr. Alex Villacorta, vice president of research and analytics at Clear Capital. “While there are certainly investors and homeowners holding real estate assets that will be underwater for seven years or more, the current housing market is positioned to behave very similar or even below historical norms, given the current economic climate.”

“For new deals and investors without legacy assets, the new housing environment should be framed in terms of more typical, moderate rates of growth with tempered optimism for the ongoing housing recovery,” Villacorta said.

He added that Clear Capital sees a steady growth pattern, and no bubbles in housing.

Nationally, we don’t see evidence of a price bubble forming again. Double digit gains over the last year, while similar to rates of growth in the run-up to the bubble, are off a much lower price floor. Phoenix and Las Vegas, however, are showing signs of overheating,” he said.

“These markets skyrocketed off very low price floors as their low-tier and distressed market segments exploded with demand,” Villacorta added. “Each market saw yearly gains top out around 30%, and now are seeing price gains cool substantially. Las Vegas has seen more than a 10 percentage point pull back in just three short months, even though prices remain 20.8% below 2000 levels, after adjusting for inflation. Meanwhile, Phoenix’s yearly gains are down to 19.8%, with prices now 1.9% above 2000 levels after adjusting for inflation. We’ll be watching these markets closely throughout the winter to see how demand holds up.”

Inflation adjusted home prices at the metro level show 46 out of 50 metro markets’ home price levels at pre-2003 levels, with 25 out of 50 metros reporting prices below 2000 levels.

Because the majority of markets remain far off peak values, the peak becomes a less relevant point of reference for new investors and homebuyers. Honolulu is the only metro out of the top 50 to see home prices within peak levels, with inflation adjusted home prices resting at levels last seen in 2005. This anomaly has, in part, been driven by very unique supply and demand, a benefit of being a highly desirable tropical island.

While prices remain far off peak values, current trends continue to moderate across the country.

National yearly gains cooled to 10.8%, a trend that should continue over the next several months. Yearly gains at the metro level are moderating as well, with Sacramento now seeing the highest yearly gain at 25.4%, down from a high of 28% in October. Las Vegas has seen substantial pull back in January with yearly gains of just 21.3%, down from 32.4% in October.

Using a broad array of public and proprietary data sources, the HDI Market Report publishes is a granular home data and analysis earlier than nearly any other index provider in the industry.

Categories
general info

38 Essential Boston Eaterys

Blizzard here in Provincetown this morning.  It is crazy outside. A good day for thinking about food. I know this is a real estate website….but food matters!

WOW!  Rachel Leah Blumenthal is right that her post below is a must have for any foodie in Boston.  What a resource to keep handy. She writes for Eater.com/Boston. She is good!!!

I know this is a real estate website….but food matters!

 

The 38 Essential Boston Restaurants

January  2014, by Rachel Leah Blumenthal

22005_10_eater38logo.pngPresenting Boston’s updated Eater 38, your answer to any question that begins, “Can you recommend a restaurant?” This highly elite group covers the entire city, spans myriad cuisines, and collectively satisfies all of your restaurant needs. Every few months, we’ll be adding pertinent restaurants that were omitted, have newly become eligible (restaurants must be open at least six months), or have stepped up their game.

Your favorite restaurant isn’t on the list? There are certainly more than 38 fantastic restaurants around town — and probably about 38 million different opinions — so don’t hesitate to rip this list to shreds and say what you’d do differently in the comment section below. Please note that the numbers are not rankings; the list is geographically organized from north to south (roughly).

The 38 Essential Boston Restaurants, January 2014

HIGHLAND KITCHEN
150 HIGHLAND AVE., SOMERVILLE, MA 02143
(617) 625-1131, WEBSITE
A regular haunt of practically everyone who has ever lived in Somerville’s Spring Hill or Union Square in the last few years, Highland Kitchen specializes in comfort food, a lively ambiance, and strong cocktails. Try the spicy goat stew and the house-made ginger beer (also spicy), or swing by on a Monday for fried chicken and tiki drink specials.
150 HIGHLAND AVE., SOMERVILLE, MA 02143
(617) 625-1131
Now open for just over a year, Giulia has racked up a number of highly positive reviews for its house-made pasta and warm staff. The pappardelle with wild boar is a popular choice.[Photo: Rachel Leah Blumenthal]
1682 MASSACHUSETTS AVE, CAMBRIDGE, MA 02138
(617) 441-2800
Hidden off an alley in Somerville’s Union Square, Journeyman recently did away with its menu, which used to simply offer a few different sizes of tastings with dishes that changed weekly. Now, there’s no menu at all — pay $75; eat what is served. The focus is on delicate, artful preparations of local ingredients.
9 SANBORN CT, SOMERVILLE, MA 02143
(617) 718-2333
One of the hottest openings of 2013, Bronwyn is the second project from Tim and Bronywn Wiechmann of the acclaimed T.W. Food. The Union Square restaurant features German and Central European food, and the biergarten is always packed in pleasant weather.[Photo: Chris Coe]
255 WASHINGTON STREET, SOMERVILLE, MA 02143
(617) 776-9900
This romantic “Spanish Caribbean tapas” spot comes from a couple of architects, so the space is as beautiful as the menu items. You’ll feel like you’re dining in someone’s living room, which makes sense, since owners Alberto Cabré and Angelina Jockovich got their culinary start by throwing elaborate “underground” dinner parties.
253 WASHINGTON ST, SOMMERVILLE, MA 02143
(617) 764-2180
One of the most beautiful restaurants in town, Dali is always the right choice for a romantic night out. It’s lively, the tapas are delicious and meant to be shared, and it’ll make you think you’re in Barcelona. It’s such a landmark that many Somerville residents call the Washington/Beacon/Kirkland intersection the “Dali Corner.”
415 WASHINGTON ST, SOMERVILLE, MA 02143
(617) 661-3254
This 69-seat restaurant opened in 2010 and has helped pave the way for a new era of Somerville dining. The critics have praised Bergamot’s synthesis of relaxed attitude and serious skill. The team behind it reportedly has a new restaurant, Angel’s Share, slated for Inman Square.
118 BEACON ST., SOMERVILLE, MA 02143
(617) 576-7700
Yes, there’s amazing Italian food outside of the North End. This Eastie gem has recently received a huge amount of attention thanks to a Food Network appearance, but locals have always known that it’s the place to go for huge ravioli and excellent homemade pasta.
257 SARATOGA ST, BOSTON, MA 02128
(617) 567-7412
This cozy Somerville watering hole pairs hot dogs with classy cocktails in a retro lounge. The Monday “industry brunch” leaves diners happily full of chicken and waffles, homemade pop tarts, and Kool Aid du jour.
3 BEACON ST, SOMERVILLE, MA 02143
(617) 576-0006
James Beard winner Jody Adams’ Harvard Square flagship has been drawing crowds since opening nearly a decade ago, focusing on regional Italian cuisine and locally sourced ingredients. More recently, Adams opened up a new restaurant, TRADE, near South Station.
1 BENNETT ST, CAMBRIDGE, MA 02138
(617) 661-5050
An intimate, Chinese-inspired small plates restaurant presided over by chef Phillip Tang, ExNE was named one of the “The Top 6 Places to Taste the New Asian Fusion” by Bon Appetit. In-house noodles, dumplings, and bao blow away the competition, of which there is little.
1128 CAMBRIDGE ST, CAMBRIDGE, MA 02139
(617) 876-0286
Santarpio’s in Eastie is the place to go to shut up your obnoxious New York friends when they claim there’s no good pizza in Boston. This classic joint is unassuming and rough around the edges, just the way it should be. Pizzeria Regina may win the classic duel for sheer expansion, but Santarpio’s pizza is unmatched.
111 CHELSEA ST, BOSTON, MA 02128
(617) 567-9871
One of the city’s few restaurants with a vegetarian tasting menu, let alone one that diners regularly rave about. Oleana serves omnivores as well, with chef Ana Sortun imparting her well-known Mediterranean accents in dishes like octopus with crispy Brussels sprouts. Sortun and Oleana chef de cuisine Cassie Piuma are days away from opening a new restaurant, Sarma, in Somerville.
134 HAMPSHIRE ST., CAMBRIDGE, MA 02139
(617) 661-0505
Bondir has just blown everyone away, most notably by being named one of the ten Best New Restaurants in America in 2011 by Bon Appetit in addition to racking up about as many local accolades as you can get. It took what a lot of restaurants were already doing – the classed-up, local, rootsy thing – and managed to tighten the screws, add some flourishes, and still make it distinct and feel fresh. A Concord outpost opened up in fall 2013.
279A BROADWAY, CAMBRIDGE, MA 02139
(617) 661-0009
There are other restaurants that do local ingredients, French technique, or Southern recipes, but not under one roof. It’s amazing that shrimp and grits can taste this good so far north.
233 CARDINAL MEDEIROS AVE, CAMBRIDGE, MA 02141
(617) 499-0090
Since opening in late spring 2012, West Bridge quickly became the darling of Kendall Square, among many existing darlings. The French-inspired menu comes from Aquitaine Bistro alumni chef Matthew Gaudet. Don’t miss the egg in a jar.
1 KENDALL SQUARE, CAMBRIDGE, MA 02139
(617) 899-6088
A local legend of the prodigal son and former chef de cuisine at Momofuku Ssam Bar, who came home to run dad’s diner and put lots of octopus on the menu. The junior Maslow now owns his own spot as well — Ribelle in Brookline.
93 SCHOOL ST, WATERTOWN, MA 02472
(617) 923-4330
Western Mediterranean accents appear on chef-owner Steve Johnson’s menu, which is enhanced by a rooftop herb garden (in season). Sit at the bar for the full cocktail experience.
502 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139
(617) 576-1900
Craigie is known for making simple dishes like roasted chicken extraordinary by using advanced techniques and technology — and for serving dishes that are just plain extraordinary, like a shareable confit and roasted milk-fed pig’s head with spicy pumpkin sambal and boudin noir-hoisin sauce. Owner Tony Maws recently opened up a new, more casual restaurant, The Kirkland Tap & Trotter, on the edge of Somerville and Cambridge.
853 MAIN ST, CAMBRIDGE, MA 02139
(617) 497-5511
The North End is generally known for Italian, which makes it all the more impressive that a seafood restaurant has made its name as one of the neighborhood’s best places to eat. The lines are long, but the lobster rolls are beloved. Choose cold with mayo or hot with butter.
63 SALEM ST., BOSTON, MA 02113
(617) 742-3474
This instant industry-approved classic has helped revitalize Downtown Crossing dining with its small, meaty menu, adult milkshakes, late-night dining and blunt rules for patrons. Opening executive chef Sam Monsour put a creative twist on junk food until leaving in the end of 2013, and his sous chef Chris Bauers has stepped up to take his place, continuing the tradition. Diners who want something more upscale can sidle into Bogie’s Place, the tiny steakhouse hidden inside.
21 TEMPLE PLACE, BOSTON, MA 02111
(617) 338-5333
Lovely views of the common and proximity to a variety of theaters give Troquet an advantage location-wise, but the food is outstanding as well, and the wine list is deservedly award-winning. Plus, it’s probably the only place you’ll see servers scooping butter out of a giant basket that is completely full of butter.
140 BOYLSTON ST, BOSTON, MA 02116
(617) 695-9463
A favorite of food nerds ’round the city, Taiwan Cafe is an easy answer when a Chinatown first-timer is wondering where to go. The soup dumplings rival other options in the neighborhood, and the Szechuan fish is another must-try.[Photo: Official Site]
34 OXFORD ST, BOSTON, MA 02111
(617) 426-8181
Sushi lovers who have not yet embarked on O Ya’s grand omakase have not yet lived. And it’s not just the seafood — the wagyu beef is so tender that it may bring a tear to your eye. Hidden in the Leather District, this tiny spot has accumulated numerous awards, including a James Beard for chef Tim Cushman.
9 EAST ST, BOSTON, MA 02111
(617) 654-9900
Superbly executed Shanghai-style dishes like lion’s head meatball and xiao long bao manage to be just as flavorful as their Sichuan counterparts, minus the heat. Considered by many to be the city’s best Chinese — and it’s nowhere near Chinatown.
204 HARVARD AVE, ALLSTON, MA 02134
(617) 566-7344
Island Creek Oyster bar looks more slick than the restaurant you would expect an oyster farm to operate, but it’s no less legit. The seafood-centric menu straddles straightforward and fun. The team is opening up a new restaurant, Row 34, in Fort Point later this fall.
500 COMMONWEALTH AVE, BOSTON, MA 02215
(617) 532-5300
Since opening in January 2013, Asta has quietly built up a devoted following for its tasting menu-only format. The mysterious restaurant has a minimal website, little to no marketing or social media presence, and an amazing Zeus painted on the wall, salvaged from the restaurant formerly in the space.
47 MASSACHUSETTS AVE, BOSTON, MA 02115
(617) 585-9575
Going strong since 1978, with a few location moves over the years, L’Espalier is revered for chef/owner Frank McClelland’s hybrid of French and New England cuisine, which makes extensive use of local, seasonal ingredients. If money’s no object, let him take you on his Tasting Journey, “a unique menu inspired by the seasons of New England crafted for your table.” Or stop by for a Cheese Tuesday to eat cheese and sing along to classic hits like “Don’t Stop Blue Cheesing.”
774 BOYLSTON ST, BOSTON, MA 02199
(617) 262-3023
Perhaps the only Boston restaurant to serve elaborately prepared sunflower buds, Erbaluce is no stranger to the title of the city’s “best Italian restaurant.” Chef/owner Charles Draghi changes the menu nightly.
69 CHURCH ST, BOSTON, MA 02116
(617) 426-6969
Open just over a year, Shōjō has managed to create a wildly successful Asian fusion menu — in Chinatown, no less — in a time when “Asian fusion” is not always enthusiastically received. Diners will find dishes like a “pot o’kimchi” alongside a charcuterie board. And then there’s the duck fat fries with Sriracha aioli.
9 TYLER ST, BOSTON, MA 02111
The most approachable of Barbara Lynch’s local empire, where tagliatelle with bolognese rubs elbows with dishes like strozzapreti with braised rabbit. Lunch, dinner, and weekend brunch are served on a diner-like counter. Doubles as a bakery with early-morning hours, offering delicacies like cronuts and apple cider donuts as weekly specials, depending on the season.
348 CONGRESS ST, BOSTON, MA 02210
(617) 737-1234
One of the priciest seats in town, Menton is Barbara Lynch’s crown jewel, boasting Relais & Châteaux status. After Kristen Kish, chef de cuisine at Lynch’s demo kitchen Stir, won Top Chef, she was swiftly promoted to chef de cuisine at Menton.[Photo: Official Site]
354 CONGRESS ST, BOSTON, MA 02210
(617) 737-0099
A veteran of the dining scene for over 20 years, this restaurant stakes its reputation partly on its infamous roasted chicken. Over the years it has changed exactly as much as it should. President Obama has been known to eat here.
553 TREMONT ST, BOSTON, MA 02116
(617) 423-2700
What’s not to like? Some dishes are Chinese, some Thai, some Vietnamese, and some a fantasy amalgam of various nationalities, but no one would dare call Myers+Chang Pan-Asian. One of the city’s most vibrant restaurants, it has an atmosphere that seems buoyed by a sense of chef Joanne Chang’s other successes with Flour Bakery. The badass dragon on the window doesn’t hurt either.
1145 WASHINGTON ST., BOSTON, MA 02118
(617) 542-5200
Scotch egg, suckling pig tacos, and at least three kinds of poutine. The dark humor in the name and decor continues through the menu, where heirloom vegetables appear alongside oysters “Rockafella.”
1395 WASHINGTON ST, BOSTON, MA 02118
(617) 425-0200
TORO
Chef-owner Ken Oringer and chef Jamie Bissonnette team up for one of the city’s hardest-to-get-into restaurants. Toro serves modern and traditional tapas ranging from simple grilled corn to elaborate dishes pairing seafood and charcuterie with rich, bold flavors that keep the crowds lining up. And now they’re lining up in New York City as well — Oringer and Bissonnette recently opened a new location in Chelsea.
1704 WASHINGTON ST, BOSTON, MA 02118
(617) 536-4300
Helmed by David Punch of Ten Tables, Sycamore has been turning heads in Newton since opening a year ago thanks to its refined contemporary American cuisine and solid beverage program.[Photo: Facebook]
755 BEACON ST, NEWTON, MA 02459
(617) 244-4445
The flagship of an expanding mini-empire now in Cambridge, P-town, and the burger biz, this tiny space is where it all began. The $48 tasting menu rivals ones that cost at least twice as much.
597 CENTRE ST, JAMAICA PLAIN, MA 02130
(617) 524-8810

 

Categories
general info

$799K In Provincetown And Truro

Last week CurbedCapeCod did a Curbed Comparison on Cape Cod properties for $799K.  Below are the 4 condo and single family properties that are currently on the market for “around” $799K in Provincetown and Truro.

 

4 Stick Bridge Road is a beautiful single family property in South Truro being marketed for $795,000.

4 Stickb

24 Stick b 2

4 stick 3

4 stick 4

 

 

 

 

 

MLS COPY: Located in South Truro in a beautiful park-like setting, is this lovely 3/4 Cape built circa 1850. There are woods, a rolling meadow down to the lawn overlooking an ever changing marsh and a distinct feeling of privacy without isolation. The kitchen has a beamed ceiling and leads to a well proportioned dining room which in turn leads off to the living room with a wood-burning fireplace. This first floor has a small as well as a medium size bedroom off the living area with period details. A large master bedroom ell was added in 1992 with a walk-in closet, cathedral ceiling, skylights and a patio door out to a large wrap-around deck which overlooks the marsh and front lawn. The second floor has one bedroom and two sitting areas. This wonderful property is close to Pamet Harbor and a short drive into Truro Center but feels a world away.

 

8 Hatch Rd is a 4 bedroom, 4 bath home of 3,500 square feet in a new Truro subdivision and is being marketed at $795K.

8 Hatch

Hatch 3

8 Hatch 2

Hatch 3

 

 

 

 

 

MLS COPY: Rock Bottom Price! New Subdivision. VALUE! VALUE! VALUE! Price Non-Negotiable. This special home is set on approximately 1.83 lush acres of tranquility. Your own pond stocked with bass and all within a 10 minute drive to the best Truro ocean and bay beaches. This custom cape has been meticulously cared for. There is a large formal dinning room and living room, well equipped kitchen with Viking appliances, wonderful cozy living room with fireplace. The house was built with the highest quality materials and amazing attention to detail. Please call listing agent to discuss the changes that are presently being undertaken for the subdivision and house alterations.

 

21 Bradford Street Extension #12 is a 2 bedroom, 3 bath condominium at Herring Cove Village in Provincetown’s West End being marketed at $815K.

21 BSE

21 BSE 2

21 BSE 3

21 BSE 4_11

 

 

 

 

 

MLS COPY: Introducing a one-of-a-kind  condominium unit at Herring Cove Village,the West End’s most luxurious condominium, newly built to the latest hurricane standard & highly energy efficient. This 2BR/2.5BA unit is on 3 levels, & is the only unit with this size and layout in the newest section of the development. The high-end KIT & LR are on the 1st floor, with a gas fireplace to warm the atmosphere. Sliders from this level lead out to a blue stone patio, great for outdoor grilling and entertaining. Each of the floors above houses a private bedroom suite, with over-sized living space & en-suite bath featuring custom tile work. From the third floor bedroom, continue up to a huge water view roof deck that is plumbed and wired for a hot tub as an upgrade amenity. The unit has CAC and is wired for central sound & home automation. Shed storage and 2 parking spaces.

 

125 Bradford Street Ext #202 is a 3 bedroom, 3 bath condo being marketed for $814K.

125 BSE

125 BSE 2

25 BSE 4

125 BSE 3

 

 

 

 

 

MLS COPY: A luxury home in Provincetown’s popular Dunes Association has been well maintained by its only owner. A duplex apartment, with three bedrooms, each with in-suite superb private baths, an open living/dining area with Virginia ledge stone fireplace, and deck with oversized hot tub. The kitchen features light maple custom cabinets, quartz counters, high-end appliances and perfect accent lighting. The finishes are of the finest quality throughout from the bamboo flooring to imported Travertine baths.

Categories
general info

$799K On Cape Cod

Another great Curbed Comparison from Jazmine Donaldson. Tomorrow – I will follow up tomorrow with whats available in Provincetown and Truro for $799K.

What $799,000 Can Buy You Around Cape Cod

Thursday, March 13, 2014, 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 $799,000.
391greendunes.jpg
[391 Green Dunes Drive, West Hyannisport; Robert Paul Properties]Here now, 10 Cape Cod properties asking $799,000 – year round, waterfront, recently renovated, in need of TLC, pond front, historic, and ready to rent – with a little something for everyone.

WELLFLEET

25 MAYFLOWER DRIVE, WELLFLEET, MA 02667
WEBSITE
SANDWICH
Kicking off in the Spring Hill Historic District with a 4BR, 3BA. The circa 1827 home once served as a Quaker school boys dormitory and was moved to it’s present location in 1937. In addition to the 2,700 square footer, the 3.73 acre lot features gardens, a pool and “complete privacy.” The listing has been bouncing on and off the market since January 2012 when it was first listed for $819,900. Asking price is now $799,999.
252 MASSACHUSETTS 6A, EAST SANDWICH, MA 02537
EAST FALMOUTH
Here’s a waterfront 3BD, 3BA with a 55′ boat dock. The 2,626 square footer first hit the market in July 2012 asking $979,000, but three pricechops have brought the ask down to $799,900.
115 CHILDS RIVER ROAD, EAST FALMOUTH, MA 02536
CENTERVILLE
This 4,219 square foot Cape was built in 1984 and renovated in 2002. The 4BR, 5BA is asking $799,999.
73 SCUDDER BAY CIRCLE, CENTERVILLE, MA 02632
WEST HYANNISPORT
“Beach house with ocean views, this charming Cape is the perfect get-a-way from it all.” The 3BD, 2BA comes with deeded rights to both a private association beach on Nantucket Sound and a tennis court. Yours for $799,000.
391 GREEN DUNES DRIVE, MARSTONS MILLS, MA 02648
WEST YARMOUTH
“This is the lowest priced home on Great Island!” The 3BD, 3BA on .47 acres “has great potential w/updating and a caring new owner.” Asking price is $799,000.
9 CHANNEL POINT DRIVE, WEST YARMOUTH, MA 02673
SOUTH DENNIS
Asking $799,000, the circa 1853 Captain Cyrus Nickerson House features 5BR, 4.5BA on 1.77 acres. In addition to the 4,369 square foot home, there’s an inground pool and a restored two story barn.
280 MAIN ST, SOUTH DENNIS, MA
HARWICH
Here’s another waterfront listing with a private dock. This 4BR, 3.5BA sits on Aunt Edie’s Pond with a private beach and is asking $799,900.
329 OAK STREET, HARWICH, MA 02645
ORLEANS
Built in 1950, this “Classic Ranch” features 3BD, 2.5BA in 2,169 square feet. The .38 acre property, known by the brokerbabble as “a half acre of Horticultural delight,” is asking $799,000.
12 FREEMAN LANE, ORLEANS, MA 02653
EASTHAM
“Location, location!” This 4BD, 2BA comes with deeded beach rights to some stair-free sand on Cape Cod Bay. The 2,246 square footer on .52 acres is yours for $799,000.
35 BOWLINE LANE, EASTHAM, MA 02642
WELLFLEET
Finally, to Wellfleet and an exclamation-friendly listing: “Fantastic Income Potential!! Rented last summer for 4500 a week!! Our rental agent says a high demand rental property!” The oceanside 7BR, 3.5BA is asking $798,000.
25 MAYFLOWER DRIVE, WELLFLEET, MA 02667

 

Categories
general info

How Cool Is This Chart?

How far will a million bucks go in NYC?

$1 million will likely net more space in NYC versus San Francisco and Boston.


By Business Insider

According to Knight Frank data cited by CNBC’s Robert Frank, a million dollars goes a lot further in Cape Town than it would in Monaco.

But what about in the U.S.?

We looked at housing list price data from real estate brokerage Movoto.com and real estate marketplace Zillow.com. The diagram below shows the number of square feet of housing that you can buy for $1,000,000, based on the median price per square foot in each city:

city-real-estate-chart-corrected

With a median list price of $666 per square foot, San Francisco’s real estate boom limits a million dollars to buying about 1,500 square feet. On the other end of the spectrum, the median list price in beleaguered Detroit is just $12 per square foot — 55 times cheaper than in San Francisco.

Considering all five boroughs, the median price per square foot in New York City is $424. Looking just at Manhattan however, that price jumps to an astronomical $1,538 per square foot, leading to $1,000,000 buying just 650 square feet.

Categories
general info

New To Market In Provincetown – Perfect West End 2 Bedroom Plus Den

 46 Pleasant Street #A, Provincetown MA

Perfect in every way.  This West End condo has everything! 2 bedrooms and a 1 1/2 baths, along with a large den/family room  for entertainment or extra guests. This home has 1,070 square feet, and two great outdoor spaces, numerous upgrades, 2 parking spaces and a coveted location in the West End.

 

outside 2

outside 1

outside 3

 

 

 

 

 

 

The open floor plan is great for entertaining and light and bright with windows on 3 sides. The kitchen is newly renovated with granite counters, white cabinets and hardwood floors.  There is a full laundry in the renovated half bath directly off the kitchen. The living room has a gas fireplace and there is a separate dining area in the sunny northeast corner of the house.

 

living room

fireplace and stairs

living to dining 1

kitchen 1

 

 

 

 

 

 

There are two great outdoor spaces including a large private fenced in deck in the back  of there condo for grilling and dining. There is plenty of room for relaxing and dining on the front deck and on the patio/garden too – and just enough garden for satisfying a green thumb.

 

bedroom 1

bedroom 2

bathroom 1

 

 

 

 

 

 

There are two bedrooms upstairs along with a full bath which has just been beautifully renovated. Both bedrooms are good size and sunny.

 

den family room peg

On the lower level is a den-family room that is perfect for additional guests with room enough for a large sitting area and sleeping area.

The association is small and well managed with low condo fees. There is central heat and air provided by four split systems. There are two parking spaces directly in front of the condo.  This property  has an excellent rental history with many repeat renters. Best of all is the location – just 1 1/2 blocks from Commercial Street in what many consider the most desirable residential neighborhood in the West End.

 

We are thrilled to be offering 46 Pleasant Street to the market for $595,000.