Kathy Murray | Boston MA Listings. Real Estate


This Condo in Medfield, MA recently sold for $897,000. This Detached,Townhouse style home was sold by Kathy Murray - Coldwell Banker Residential Brokerage - Westwood.


30 MAPLE LANE, Medfield, MA 02052

Condo

$900,000
Price
$897,000
Sale Price

8
Rooms
3
Beds
3/2
Full/Half Baths
Exceptionally designed and appointed townhouse offering rare 1st & 2nd floor bedroom suites in award-winning Olde Village Square. Step through a charming garden gate into a private gaslit courtyard ascending bluestone stairs to an elegant front entrance, where stone walls create a sophisticated outdoor space curated in shades of white, reminiscent of a fine English landscape with hornbeam trees & boxwood. The owners’ exquisite taste continues inside the home w/high-end finishes, gorgeous millwork, custom built-ins, RH hardware, hand-selected door knobs, luxe lighting, hidden outlets & other amenities. The open floor plan features a beamed ceiling & transom windows w/full-height Indian shutters in the south-facing living room. Signature inset cabinetry w/fully integrated Thermador appliances complement the marble island in the open kitchen, ideal for entertaining. A lofted family room offers a quiet spot to read & work, while the lower game room is perfect for family fun. By appt only.

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We know that location matters when you’re trying to find the right home to buy, but why?  First, buying a home you like in a location that matches your needs is a sign of a solid, long-term investment. Finding the right home isn’t always the answer to your property search woes. Many times, finding a house that needs a little TLC in the right neighborhood can give you a better return on your investment than finding a move-in ready house in the wrong neighborhood. You want to think in terms of finding a home that will be easy to sell if you so choose to sell it. Most importantly, you want to feel comfortable in your home and in your surroundings. What are the signs of a good location? Below, you’ll find the most important things you should look for when searching for a home. 


Safe Neighborhood


Everyone wants a safe neighborhood, and you certainly know a sketchy neighborhood when you drive through it, but what denotes a neighborhood as “safe”? First, if you see people up and walking around a place, you know it’s a good start to finding a safe neighborhood. People who are outside, interacting with one another give a neighborhood a community feel. You will feel like your neighbors have your back in a neighborhood like this. 


Quality Schools


the better the school district is, the higher the property values in the area are. If you don’t have kids, this may not be much of an issue for you. However, if you’re thinking that you may want to sell your home anytime in the future, keep in mind that a less than reputable school district can really dip into property values. 


You Can Easily Access The Things You Need


If you can access the shops, restaurants, and other conveniences easily from your neighborhood, that’s the sign of a good location. No one wants to have to drive 45 minutes in order to get to the grocery store. Many people who are looking for homes like to be in or very close to the action and have easy access to the things they need. Think in terms of convenience when it comes to location. 


A View And Nature


A home with a view is always a sign of a great location. whether you’re near the water or near the mountains, it’s nice to have something scenic and peaceful near your home to enjoy. Property values near the water are also always a bit higher than those further inland.


Transportation    


Access to public transportation is key in many neighborhoods. You want to be able to easily get to and from where you need to go without waiting around. If the area is more suburban or rural, access to freeways and main roads is key. Adding precious time to your commutes is never pleasant. Many times location and commute times come down to a simple matter of balance and planning when searching for a property.        


This Single-Family in Marlborough, MA recently sold for $760,000. This Colonial style home was sold by Kathy Murray - Coldwell Banker Residential Brokerage - Westwood.


634 Sudbury St, Marlborough, MA 01752

East Marlborough

Single-Family

$749,000
Price
$760,000
Sale Price

14
Rooms
5
Beds
3/1
Full/Half Baths
Spectacular colonial in the very desired StoneyBrook Estates in East Marlborough! This breath taking home has gorgeous NEW hardwood floors throughout, every room has been freshly painted and restored. Sun-drenched family room with double french doors to private home office. Large dining room with beautiful wainscoting is perfect for holiday parties. Open concept kitchen and family room offers stainless steel appliances with gas cook top/double ovens and lot of storage. Incredible double-room master with french doors, spa-like bath, sitting room, double walk-in closets. Additional large 3 bedrooms/full bath conclude 2nd floor. Fabulous NEW CUSTOM walk-out basement with separate entrance offers; a 5th bedroom, full bath, playroom, media room, bonus space & dry bar w/wine fridge. Move right into this 1+ acre home & enjoy endless list of updates; New HVAC, water heater, disposal, NEST thermostats, Trex deck, pavered walk-way, new exterior paint, vinyl fence & more! Come fall in love!




This Single-Family in Norfolk, MA recently sold for $865,000. This Colonial style home was sold by Kathy Murray - Coldwell Banker Residential Brokerage - Westwood.


41 MASSACHUSETTS AVENUE, Norfolk, MA 02056

Single-Family

$899,000
Price
$865,000
Sale Price

14
Rooms
5
Beds
4
Baths
One of Norfolk's most admired homes, this magnificent property is set back off the cul-de-sac in a sought-after neighborhood abutting conservation. Approaching its expansive front lawn, the walkway leads to a wrap-around porch where the landscape can be admired through the seasons. Inside this architecturally distinctive home, natural light floods through gorgeous windows, reflecting appointments such as cherry inlaid floors, detailed millwork & french doors.The kitchen offers custom cabinetry; a triple sink; large island; Thermador double wall ovens & range; Subzero & wine chiller, open to the family room featuring a floor-to-ceiling fieldstone fireplace & views of the patio, fire pit and wooded backyard.Off the front-to-back mudroom reside the laundry, full bath & private office w/ext access.Upstairs all 5+ bedrooms are spacious incl a master suite w/turret, fireplace, dream closet & spa-like bath. Also: 2nd floor office & gym/game room/teen hangout & ideal in-law potential!

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Photo by Vlada Karpovich from Pexels

Buying a second home is an exceptional opportunity. You can expand your real estate portfolio, creating an investment strategy for building wealth over the long term. It’s also nice to have a home, one you can use on the weekends to get away. Whether you want to buy a home on the beach, on a lake in a densely wooded area or a home across the country, your first step is securing financing.

Know the Costs of Buying a Second Home

Purchasing a second home does mean more responsibility. It may mean a second mortgage, insurance costs and property maintenance. You’ll be paying utilities, upkeep and taxes on a multiple properties. Using this information, calculate how much you want to spend each month in these areas. Then, you can start looking for the home that fits.

Work to Build Your Down Payment

Buying a second home affordably is easier to do when you can apply a sizable down payment. Most often, home buyers need between 3 and 20 percent of the purchase price available as a down payment. The more you have, the less you finance or the larger of a home you can safely purchase.

With second homes, you may have additional avenues for securing that down payment. This includes savings, of course, but it may also include borrowing against the equity in an existing home to use as a down payment.

Choosing a Loan Program for Your Needs

One of the challenges of buying a second home is proving to lenders you can afford the mortgage payment and other costs. There are loan programs available to help you, but the options are somewhat limited in terms of federally sponsored programs. You may have used a VA or FHA loan, for example, to purchase your first home. These are generally just for the primary residence, not second homes.

However, there are other loans available to you. Conventional loans, which are still some of the most commonly sought-after loans available, are available to most people. Lenders will look at things such as:

  • Credit scores
  • Repayment history on existing loans
  • Debt-to-income ratios
  • Income reliability
  • Property value
  • Like any other home loan, it will be backed by the value of the home you purchase. In that way, the home must be worth at least as much as you plan to borrow.

    Debt-to-income ratios tend to be a big factor for most lenders. Fannie Mae-based loans often require a ratio that is up to 45 percent if you have at least 25 percent down and a moderate credit score. That means your monthly payments need to be under 45 percent of your gross income.

    It’s also important to consider how you plan to use the property. Lenders need to know if the home will be vacant (getting insurance for it can be difficult). They also want to know if you plan to produce a second income from it. If so, you need to ensure your loan covers this type of use.

    The good news is that most conventional lenders off second home loans. Find the dream home you’ve been looking for, and then work with a lender to secure the purchase.




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