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    Timely information and opinions for our clients and friends

  • News from Charles River Properties

    Did you know?

    • "How's the market?" That's the first question home buyers and sellers ask their real estate broker.  We've just added a new research tool we can use to provide a timely, reliable and objective answer to that question for any location. Check here  for a look at current reports for some of the towns in our area. 
    • We subscribe to a service you can use to look at rental data for any location.  Complete the "Free Rent Analysis" form at the bottom of this page on our website and you'll receive a detailed report .

    Recent Closings and Listings

    • Pending: West Roxbury Condo , 28 Potomac Street, $524,900* First Open House August 21; Contingent status August 23. 
    • Sold:  Generous proportions, high ceilings and gleaming floors plus an amazing kitchen/ family room are just a few of the features of this smartly designed 5 bedroom colonial home at 25 Ballard Street in Newton Center.  $2,020,000; closed 7/08.
    • Sold:  Great 3 BR colonial home at 18 Perkins St, Stoneham. Purchased for $665,000. Closed 6/28.*
    • Sold:  A meticulously maintained center-entrance Colonial home in North Billerica. 3 McDonough Way  features four bedrooms, four full baths, a gleaming kitchen with quartz countertops, stainless appliances, a pool, a gorgeous, 3/4 fenced, 1/3 acre lot and heated four season sunroom. List price $639,900.* Sold for $700,000.
    • Sold:  Rare Two-Family Home in Newton.  Rare well-priced two family home in appealing Newton Highlands. Two units, up and down, are two bedrooms/ one bath each. Updated gas heat and a new flat roof are among the updates.  Sold for $699,000.
    • Sold: Lowell multi-family;  21 Coral Street, $420,000.  Miguel Menchu of Charles River Properties represented the buyer.
    • Sold:   Residential lot, Fairway Drive, Newton  8,580 SF, listed for $795,000, sold for $885,000. Closed 5/27.* 
    • Sold: 126 Montgomery Street, Unit 3, Cambridge.  $730,000. We represented the buyers.
    • Sold:   73 Grand Street in Reading, a gracious c 1895 3 bedroom, 2 bath home on a 1/4 AC lot. Listed by Charles River Properties for $695,000; sold for $747,500, a 7% premium.*
    • Under Agreement  :  6 Byers St in Springfie9ld; a renovation opportuity in the city's Thurston Munson Local Historic District. *
    • Sold : 47 Lamberts Cove Road,  West Tisbury, Martha's Vineyard*
    • Sold: Beautiful townhome with four levels of living space; 216 Rangway Road, Billerica. Listed for $675,000; we represented the Buyer, $650,000.

    * Listed by Charles River Properties LLC; we represented the buyers in other transactions noted.

    A Commercial investment property

    • Sale Pending: 33-41 Nason street in Maynard  , a mixed-use commercial/residential building with six units generating approximately $100,000 in Gross Income. 

    Residential and Commercial Properties for Lease

    • We have several attractive residential properties for rent, some furnished
    • Looking for a retail storefront for lease or purchase in Arlington or Maynard? Let us know if one of these places appeals to you.   In most cases the properties we offer for rent are available exclusively through us. 
    • Leased: 1,370 SF retail space, 91 Warren Street, Arlington
    • Available for lease:  Retail stotrefront,  Nason Street, Maynard.  Landlord would prefer minimum 2 year lease but can offer flexible terms. Tenant to build out the space as desired. Potential for high visibility and foot traffic -- adjacent to Wellspring.
    • Also available in Maynard: 37 Nason Street , 880 +- SF retail storefront.
    • Available for lease: 700 SF +/- retail space, 458 Massachusetts Ave. Arllington.
    • Leased: 185 Massachusetts Avenue, Arlington. 1,000 SF storefront in a high visibility location near the corner of Winter Street and Massachusetts Avenue. 
    • Leased: 425 Watertown St. Rear,  2,500 SF of space with  private bathroom. Two outdoor parking spots. Overhead door is 10'.  Leased by Melissa Borelli, Broker, Notary and commercial property specialist in our Newton Office.
    • Leased: 44-48 Mechanic Street, Newton, by Melissa Borelli.

     

    Real Estate Market News and Opinions 

    Agent who marketed her business at Capitol riot pleads guilty in deal
    THE NEWS: After storming the U.S. Capitol building, leveraging images from the insurrection to plug her real estate business, asking Donald Trump for a pardon in the waning days of his presidency, and tweeting defiantly that she was “definitely not going to jail,” Jenna Ryan has pleaded guilty. The Texas real estate agent pleaded guilty Thursday to demonstrating inside the Capitol building, a misdemeanor crime that comes with a $500 fine and a chance of landing up to six months in prison.

    BEHIND THE NEWS: Ryan agreed to the plea in a deal with prosecutors, according to a report by CNN. The deal resembles those struck so far with “low-level defendants” who weren’t caught being violent or destructive that day in the halls of Congress.

    Ryan’s case has drawn national attention in part for her attempt to use her participation in the day’s destructive protest to market her real estate business. “Y’all know who to hire for your Realtor,” she said on Jan. 6 while filming the chaotic mob from the Capitol steps. “Jenna Ryan: your Realtor.” —Daniel Houston/Inman

    Home sales are beginning to stall as buyers hit their limit
    Average home sale price down 1% from May to June      7-19-21

    Is now the time to sell your investment properties? 4-29-21*

    Homeownership Remains Affordable for Average Workers Across Majority of U.S. 

     

    General Resources

    Covid-19 caused a recession. So why did the housing market boom? 2-05-21

    Atty. Richard Vetstein's Massachusetts Real Estate Law Blog

     

    For homeowners

    Need to know more about mortgage relief options?*

    Coronavirus resources for property owners  

    It's not loo late to apply for mortgage forebearance*

     

    For home buyers and sellers

    Your house could be an oasis in an inventory desert*

    How a Change in Mortgage Rate Impacts Your Homebuying Budget*

    What It Means To Be in a Sellers’ Market*

    The Luxury Market is attracting buyers*

    Right now may be the right time to sell your house*

    Why pricing your home right is essential 10-5-20

    How to Prepare for a Bidding War 10-16-20*

     

     

    For landlords

    What landlords wish new investors knew before buying their first property 12-11-20

    Ten Ways to Catch Frauduent Rental Applications 6-25-20

    COVID-19 Coronavirus Landlord-Tenant Laws, Regulations and Procedures Monthly updates 

    The Newfound Importance of Technology in Property Management (National Real Estate Investor) 

     

     

    *Items marked * are from the Charles River Properties LLC blog.

    All opinions are those of the respective authors. Charles River Properties LLC  employees and associates do not necessarily share the views expressed. For general information only, not legal or tax advice. 

    Any property information is subject to change and is from sources we deem reliable but its accuracy is not guaranteed. Properties advertised may no longer be available and are subject to prior sale, withdrawl or changes.

    We Support Fair Housing

    Updated 9-16-2021

     

     

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