Femion Mezini | Cambridge MA Real Estate, Needham MA Real Estate, Natick MA Real Estate


This Multi-Family in Westwood, MA recently sold for $1,125,000. This style home was sold by Femion Mezini - Buyers Brokers Only, LLC.


251-253 Washington St, Westwood, MA 02090

Multi-Family

$1,200,000
Price
$1,125,000
Sale Price

3
Units
4,961
Approx. GLA
Fantastic 3 Family in the heart of Westwood! 1st floor unit has been recently renovated with white kitchen cabinets, Corian countertops. Open concept Kitchen into the Dining room and TV room area. Master bedroom has 2 walk in closets. Beautiful hardwood floors throughout except for Kitchen and bathroom which are tile. So bright and sunny! Front porch to watch all the action in Islington. 2nd floor is exact floor plan of 1st floor, 3rd floor has carpet throughout. All floors have Washer/Dryer in units. Large detached garage. Due to tenants on 2nd & 3rd floor 1st showings will be of the 1st floor ONLY. The Best of All Worlds at this charming home...Westwood Schools, Beautiful New Downtown Islington, and Highway Access!!!! Buyer to do their own Due Diligence regarding other uses or potentials.

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For a homebuyer, a real estate agent will help this individual discover a great home in no time at all. In fact, a real estate agent will set up home showings, keep a homebuyer up to date about new houses as they become available and ensure a homebuyer can narrow his or her home search. That way, a real estate agent will make it simple for a homebuyer to quickly and effortlessly complete the property buying process.

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This Single-Family in Westwood, MA recently sold for $805,000. This Colonial style home was sold by Femion Mezini - Buyers Brokers Only, LLC.


26 Hillview Rd, Westwood, MA 02090

Islington

Single-Family

$749,900
Price
$805,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Nothing to do but move in! Beautifully updated home in desirable Westwood. Enter the home at the new granite steps that leads into a fabulous mudroom with built-in storage. The first level also offers a light filled open floor plan which includes a large living room, dining area and kitchen with all with new red oak hardwood floors. Kitchen also boasts beautiful cherry cabinets with granite countertop, center island and new Kitchen Aid stainless steel double oven and new dishwasher. 1/2 bath completes the first floor. The 2nd floor has 3 Bedrooms with hardwood floors and a full bath. Spend time in the tranquil backyard with 2 sheds. Roof (2015/2017), Water heater (2017), Boiler (2010). Electrical and Plumbing updated in 2010. . Close to highways and commuter train.Showings start at the open house on Friday from 4:30-6:00. Offers are due Sunday June 13 at 5pm

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This Single-Family in Wakefield, MA recently sold for $715,000. This Colonial,Garrison style home was sold by Femion Mezini - Buyers Brokers Only, LLC.


15 Morgan Avenue, Wakefield, MA 01880

Single-Family

$614,900
Price
$715,000
Sale Price

9
Rooms
3
Beds
2
Baths
LOCATION! Welcome to this lovely Garrison Colonial nestled on a charming side street on the Melrose line which affords the opportunity to be about 1/2 mile to the train, 1/4 mile to MBTA bus, and is equidistant to both the Wakefield & Melrose Centers. This home is filled with the character and updates you are looking for! Enter the vestibule and sunny living room with a gas fireplace that opens to a sunroom and an entertainment sized dining room with a built in hutch. Enjoy the beautiful sound from the built in speakers. Like to cook in a spacious kitchen? This is THE ONE with a vaulted ceiling, skylights, stainless steel appliances, & granite counters. Work from home or looking for a tv room? Check out the large walk out finished basement with great windows, storage, a ¾ bath, and a gas fireplace that provides nice year round ambiance. There are additional spaces off the basement just waiting for your ideas. A garage, private patio, and flat rear yard complete this gem!

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 Photo by Mohamed Hassan via Pixabay

For years home ownership has been the American dream, but, according to the Pew Research Center, a higher percentage of us are renters than at any other time in the last 50 years. Is that a bad thing? Not necessarily. For many people renting may be the right choice. Every individual and family needs to consider all the factors and make the decision that’s right for them.

The Financial Consideration

There’s a rule of thumb called the price to rent ratio. You get it by dividing the price of a house by the annual rent. For example, if you can buy a house for $300,000 or rent it for $1500 per month, the ratio is 300,000 / (12 * 1500), or 16.7. When the number is 15 or less, buying is the better choice, when it’s 16 to 20, renting becomes more favorable and when it’s over 20 renting is significantly better. However, this fails to take in factors like down payment amount, financing terms, taxes, insurance and other costs, which can vary widely. A more accurate number, telling you how long it will take to cover the up-front costs of ownership and pull even financially with renting, can be found using one of many calculators available.

The Other Considerations

While this sort of calculation is valuable, there are other questions, both financial and lifestyle-related, that the potential renter or buyer must ask.

  • What can I spend upfront for down payment and closing costs?

  • Can I afford a major repair such as replacing a furnace or air conditioner? There are insurance-like plans to defray some of that cost, but those make up another annual expense.

  • How long do I plan to stay? Selling a home and buying a new one is costly and time-consuming.

  • Which is more important to me, stability or flexibility?

Advantages of Home Ownership

As the inheritor of the American dream, the homeowner has some opportunities and privileges that the renter can’t enjoy.

  • Appreciation and equity. As home value rises and morgage balance drops, homeowners gain equity, which for many is their most valuable asset.

  • Building credit.

  • Freedom to remodel. There’s no landlord telling you what you can and can’t do with your property.

  • Stable monthly payments. Taxes and insurance can increase, but principal and interest payment remains the same. If you stay there long enough, eventually you’ll have no principal/interest to pay at all.

  • Tax advantage. For most people, it isn’t what it was before the 2017 tax changes, but interest and taxes may still be deductible.

  • Stability. You can become a member of your neighborhood and your children can stay in the same school system. No landlord can decide to sell and give you notice.

Advantages of Renting

  • No large upfront expenses.

  • Your landlord is responsible for major repairs.

  • Still some opportunity to build credit by paying rent promptly.

  • You have less at risk. You won’t be affected if property values fall.

  • Flexibility. If you choose to move you can easily give notice and do so.

Here’s one last question: which feels better, the satisfaction of owning your own castle or the freedom to change your life quickly? The answer may go a long way toward pointing you in the right direction.

 

 

 

 

 

 




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