Set atop Corey Hill, an out-of-the-ordinary home, not to be missed. Two story foyer has ceiling height of 18’5” with windows and skylight allowing for plenty of sunshine. Stairs lead to bright main living area which is an open space concept. Sophisticated kitchen renovated in 2013 with stainless steel appliances and granite counter tops. Living room has a fireplace and doors to the 25’ deck with beautiful treetop views. Two bedrooms and full bath on first floor, with a lush green view out every window. One garage and one outdoor parking included, plus substantial storage and guest parking. Steps to Outlook Park, close to Wholefoods and C line.
Cabot Estate, second floor end unit, with large windows overlooking back yard.
Open living room with sliders to deck, and fireplace, vaulted ceilings up to 13’4″ high. Study/Den off living room with built-in custom book cases and a second deck, the perfect spot for private outdoor enjoyment.
Two bedrooms including master suite with dressing area and bath.
Spacious kitchen with plenty of storage and dining room with floor to ceiling windows.
This elegant home is across the Jamaica Pond, minutes Downtown, LMA, and Chestnut Hill. Cabot Estate is a gated community on 23 acres with concierge, tennis, pool, community room, and exercise room. Boston’s best kept secret.
Schedule your private showing or request the open house schedule. Give us a call at 617.291.0323 or send an email to Ruth@MalkinREGroup.com
https://www.ruthmalkinlerner.com/wp-content/uploads/2019/05/241_PerkinsStreet_102_living.jpg427641Ruth Malkinhttps://www.ruthmalkinlerner.com/wp-content/uploads/2019/03/Ruth-Malkin-Logo-SM.jpgRuth Malkin2019-05-16 19:43:562019-05-22 21:00:41241 Perkins St Unit I 102 Jamaica Plain, MA 02130
Gorgeous, top floor, three bedroom condominium near Coolidge Corner, overlooking Knyvet Park.
This home has a comfortable circular layout. Main living area faces South with canopy view of the park. Extra large living room and dining room open to kitchen with skylight and plenty of closets. The bedrooms are separated from the main living area. Master bedroom features a full bath with double sinks. Two more bedrooms are spacious and perfect for kids, guests or home office. In-unit laundry room plus extra playing nook nook adjacent to kitchen. Thatcher is a beautiful quiet street lined with mature oak trees. This home has been lovingly updated, and is move-in ready. Pre-war charm with hardwood floors and high ceilings. The convenience of parking and extra storage in basement. Easy access to B and C lines, steps to Rose Garden and Amory Park.
Gorgeous top floor condo in beautiful brownstone, steps to C and D lines. Two bedrooms, two full baths, in unit laundry. Separate dining room and brand new state-of-the-art kitchen. Parking and extra storage.
22 Chestnut Place #216 in Brookline. Check out this newly listed meticulously maintained two bedroom, two bath condominium with garage parking in desirable elevator building.
Unit faces lush backyard view and mature trees allowing for privacy. Spacious, open living room – dining room, white kitchen with updated appliances, and newly finished hardwood parquet floors. Large master bedroom features a walk-in closet, en-suite full bath.
Freshly painted and ready to be enjoyed by new homeowner.
Excellent in-unit storage including a walk-in coat closet, and hallway lined with closets. Extra storage in basement. Laundry across the hall from the unit, one garage parking space included.
Sargent estates features concierge, outdoor pool, beautiful grounds. High owner occupancy and reserves.
Nestled in serene Brookline neighborhood yet less than half a mile to D line station and Brookline Reservoir.
The market is hot right now in Boston, Brookline and Brighton. Will it stay that way? I’ve been helping clients make great real estate decisions for over 15 years. Here’s my thoughts on the Boston real estate market right now:
Hi, everybody. It’s Ruth. I want to give a quick market update. It is the end of July 2018, and we have had really a very robust and unusually busy market this summer. July is quiet, and August, are usually quite slow in Boston in real estate. So what is attributing to this market? I think I’ve spoken to this, about this before.
Some people are saying, “Well, the weather was really terrible through mid-April; therefore, buyers were not out, and sellers were not coming on the market until late April, early May.” More likely culprit was all the market jitters we had in the beginning of the year, plus the interest rate hikes that started, and are going to continue through the rest of the year. Everybody kind of took a pause to see what’s going on with their finances.
We’re also seeing this trend throughout the country. I’ve spoken to agents all around the country, where they do have a seasonal market, like we do here in Boston. And they are saying July is unusually busy after a very slow first quarter 2018. National statistics are out. May home sales have declined nationwide. We are looking at an inventory shortage, a story throughout this country. The people who are suffering the most are the first time home buyers, the young families, the entry-level buyers. For us here in Boston metro, we’re looking in the smaller condo, the two-bedroom condo market, and this is a problem nationwide with smaller homes.
I did some research for a client of mine and we looked at the numbers. In the past four years, four years, the average prices of condominiums in Brighton have gone up 55%, 55%. The past four years, the average price of condominium Brookline have gone up 40%. Wow, what an investment in the past few years to own a condominium in Brookline, Brighton, and really, in most of greater Boston.
But if the average price has gone up by 55%, does that mean your condo is worth 55% more? Well, not necessarily and probably not. That average price is really being pulled up by a lot of the, kind of the luxury, and the new construction, and the larger units being built this past couple of years in Brighton, and now are being sold. They are pulling this number up. Your home is not necessarily worth 55% more than it was just four years ago. But it is worth a lot more. It has been a very dynamic and generous market to home sellers in almost all of Boston’s neighborhoods, Brookline, as well as Newton.
If you have any questions about the real estate market, don’t hesitate to contact me. Text, write me, call me. I love hearing from you. Have a fantastic rest of the summer.
Another analysis will be for the condo market in your neighborhood. For each unit in the building you will need a separate analysis, unless they are identical.
Once you know the value of the homes, you will be able to figure out how much you are willing to spend on a condo conversion.
2. What are the costs associated with the condo conversion?
There are several steps to the process, and each will cost money. There are two substantial expenses in a condo conversion.
– Legal expenses.
You will need to hire a real estate attorney who will write and file the documents, and advise you on the legal process. This may cost $12,000-$15,000.
– Rehab expenses.
This will be the bulk of your expenditure. In order to sell a two family home as two condos, the City will need to inspect the home and ensure it is up-to-code.
If your house is built in the late nineteenth century or early-to-mid twentieth century, like the overwhelming majority of the multi-family homes in Brookline, it is likely there is considerable work to do to get the house up to current standards.
I am not talking about the cosmetic changes. These are electrical, plumbing, building and safety upgrades, and getting the property up to current codes required in order to obtain a certificate of occupancy necessary to close.
I cannot estimate this cost. If you’ve maintained and updated the house meticulously over the years, it may be $10,000 of various upgrades. If your house is needs a lot of work, it can cost $300,000. There is no way to estimate this without a licensed contractor.
– Expense of selling the home.
Other than the commission, which will be a percentage of the sales, you may also have to supply an engineer’s report for the condo conversion. This will likely be less than $1,000.
3. Do I have the time, energy, and financial resources (cash) to do the necessary work?
This question is self explanatory. You need to want to do the work involved in a conversion and have the money to pay for it.
https://www.ruthmalkinlerner.com/wp-content/uploads/2014/03/Fotolia_6190994_XS.jpg283424Ruth Malkinhttps://www.ruthmalkinlerner.com/wp-content/uploads/2019/03/Ruth-Malkin-Logo-SM.jpgRuth Malkin2018-03-05 17:28:402018-03-05 16:59:52Should I Do a Condo Conversion for My Multi-Family House in Brookline?
Ruth Malkin, Realtor
1330 Boylston Street, 2nd Floor
Chestnut Hill, MA 02467
Phone: (617) 807-0471