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$475K On The Cape

Another great curbed comparison post by Jazmine.
CURBED COMPARISONS

What $475,000 Can Buy You Around 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 $475,000.

Here now, eight Cape Cod properties asking $475,000 – year round, condos, oceanfront, new construction, circa 1850, recently renovated, handicap accessible, commercially-zoned, and ready to rent – with a little something for everyone.

EAST FALMOUTH
33 DODSON WAY, EAST FALMOUTH, MA 02536
WEBSITE
EAST FALMOUTH
Kicking off with new construction by way of the Waquoit neighborhood. Asking price for the 3BD, 3BA on 1.18 acres is $475,900.
33 DODSON WAY, EAST FALMOUTH, MA 02536
MASHPEE
This 2,452-square-foot Colonial has been bouncing on and off the market since July 2012 when it debuted with a $499K asking price. The listing reappeared in May of this year looking for $475,900 and is now in contract.
16 MEADOWBROOK ROAD, MASHPEE, MA 02649
CENTERVILLE
Here’s a newly remodeled 3BD, 2.5BA Cape that last sold in January 2013 for $215K. After a full nip/tuck, the 1,846-square-footer was flipped back onto the market looking for $549K. As the brokerbabble explains, “The high end finishes, and amenities added to this home are ones typically found in million dollar properties.” Alas, the PriceChopper was unimpressed and the place can now be had for $475K.
138 SOUTH MAIN STREET, CENTERVILLE, MA 02632
SOUTH YARMOUTH
What can you do from this 3BD, 2.5BA ranch on Bass River? “Take a stroll to your association beach or cruise up to the association dock on your boat.” All that for $475K.
38 HARBOR HILL RUN, SOUTH YARMOUTH, MA 02664
HARWICH
“Circa 1850…This well-proportioned, spacious antique Cape is handicap accessible and has multiple layers of historic detail preserved in each of its 8 rooms which feature wide plank floors, spackle painted wood floors, hand carved mantle, raised paneling and original moldings.” Oh, and there’s an in-ground pool with a ramp. Yours for $473,900.
51 PARALLEL STREET, HARWICH, MA 02645
CHATHAM
The brokerbabble for this listing seems to have been typed on a broken flip phone, but here’s what we’ve gathered: the spread is commercially zoned and includes a 3BD home, a separate retail shop, and two-car garage on .73 acres. Asking price is $475K.
347 ORLEANS ROAD, NORTH CHATHAM, MA 02650
EASTHAM
Whales, sharks, and Henry Beston are all featured in the brokerbabble for this 2BR, 1BA. So there’s that. Regardless, the 732-square-footer in “the shadow of Nauset Lighthouse” sits on .66 acres, comes with stunning views and is yours for $475K.
160 NAUSET LIGHT BEACH ROAD, EASTHAM, MA 02642
TRURO
Finally, to Truro. “Located at Shoreline Beach Condominium, a newly renovated complex comprised of 13 units in 2 buildings, this light and bright 2 bedroom, 2nd floor end unit has expansive water views.” The 810-square-footer is asking $472,900.
556 SHORE ROAD, PROVINCETOWN, MA 02657

 

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Empty Nesters Transitioning

As many of our generation turn into “empty nesters” or are otherwise transitioning from the suburbs to the city, or from the city to their country house…there are all sorts of new dynamics affecting those plans. Good post from Scott below.

Empty nesters struggling to land

Posted by Scott Van Voorhis

There’s good news if you are nearing retirement and want to downsize. You can sell your home now, and, if you are lucky enough to live in an upscale suburb like a Belmont or a Newton, you might be able to find a buyer within a week or two.

The bad news? After selling the big and now empty house you have painfully resolved to say goodbye to, finding that downtown condo or one-floor ranch you have been yearning for may not be all that easy.

In fact, if you want what you want, you could end up paying more to downsize.

Here’s a piece I wrote for the Globe West looking at three pairs of empty nesters. Two managed to land, while the third, in Lexington, is still weighing their options.

They are the lucky ones. Downtown Boston condo prices are soaring, while those modest ranches and other smaller homes in the suburbs are already being fiercely fought over by young families looking for the first house. (Of course, the number of ranches and capes in the more expensive ‘burbs is dwindling as they are torn down to make way for McMansions, but that’s a story for another day.)

Here’s what Ilene Solomon, a long-time Newton broker who deals every day with empty nesters, told me.

She estimates it could cost as much as $2 million for, say, an empty nester selling a big house in Newton or another upscale suburb to find real estate happiness in downtown Boston.

Others are opting to stay in town or close to it, buying or condo or renting in an apartment complex like Charles River Landing in Needham.

Still, finding a condo in the suburbs is no cinch either, with the pickings pretty slim right now.

“The biggest dream is to go into Boston and get a wonderful place and start a new, exciting life,” Solomon said.

Are you an empty nester? What does the real estate market look like to you?