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$2 Million in Arlington???
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PostPosted: Thu Apr 26, 2018 9:20 pm GMT    Post subject: Reply with quote

Anonymous wrote:
https://www.redfin.com/MA/Arlington/26-Amherst-St-02474/home/8413759

This tiny house listed for 599 and sold for 700. Amazing.

I'm not surprised, ppl have money. )
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Elrond



Joined: 27 Feb 2013
Posts: 48
Location: Boston, MA

PostPosted: Fri Apr 27, 2018 5:09 am GMT    Post subject: Reply with quote

Anonymous wrote:
https://www.redfin.com/MA/Arlington/26-Amherst-St-02474/home/8413759

This tiny house listed for 599 and sold for 700. Amazing.


My God that’s one of the worst buys I’ve seen in a while. Can’t even really do much expansion. Oil heat to boot. People are so desperate!
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PostPosted: Fri Apr 27, 2018 2:53 pm GMT    Post subject: Reply with quote

Elrond wrote:
Anonymous wrote:
https://www.redfin.com/MA/Arlington/26-Amherst-St-02474/home/8413759

This tiny house listed for 599 and sold for 700. Amazing.


My God that’s one of the worst buys I’ve seen in a while. Can’t even really do much expansion. Oil heat to boot. People are so desperate!


Yes. Why would someone pay almost 700/sqfr for Arlington? It's Arlington, not Cambridge.
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PostPosted: Fri Apr 27, 2018 11:50 pm GMT    Post subject: Reply with quote

Elrond wrote:
Anonymous wrote:
https://www.redfin.com/MA/Arlington/26-Amherst-St-02474/home/8413759

This tiny house listed for 599 and sold for 700. Amazing.


My God that’s one of the worst buys I’ve seen in a while. Can’t even really do much expansion. Oil heat to boot. People are so desperate!


I'm REALLY bullish on Arlington. I see property values increasing to rival Belmont, owing to Arlington's incredible location, plentiful amenities, good and improving schools, walkability, and public transport. It's going to suck in all the Millennials with money. But WOW, $700K for a crappy 1,000 SF 2-bed 1-bath! This guy was either laundering money or is going to have a serious case of buyer's remorse. This was a really bad buy IMO.
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PostPosted: Sun Apr 29, 2018 1:21 pm GMT    Post subject: Reply with quote

These buyers must be making big bets on the growth of Kendall square and tech/bio tech. If amazon HQ2 decides to scatter locations un downtown then maybe...

Boston is the last affordable tech hub with the volume of workers and talent needed
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PostPosted: Sun Apr 29, 2018 8:59 pm GMT    Post subject: Reply with quote

There's going to be so many people crushed when this turns around
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PostPosted: Mon Apr 30, 2018 8:07 pm GMT    Post subject: Reply with quote

A few interesting Arlington sales from the past week.

https://www.redfin.com/MA/Arlington/10-Jason-Ct-02476/home/8443363
listed $774,900 sold $950,000

https://www.redfin.com/MA/Arlington/204-Park-Ave-02476/home/8457756
listed $799,999 sold $851,000

https://www.redfin.com/MA/Arlington/42-Webcowet-Rd-02474/unit-42/home/145090687
listed & sold $995,000

https://www.redfin.com/MA/Arlington/106-Grafton-St-02474/unit-2/home/12098938
listed $850,000 sold $825,000

https://www.redfin.com/MA/Arlington/62-Cleveland-St-02474/unit-2/home/145113501
listed $919,000 sold $910,000

https://www.redfin.com/MA/Arlington/135-Wildwood-Ave-02476/unit-B/home/11536409
listed $749,000 sold $800,000

Christ, I got a good deal on my house.
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Elrond



Joined: 27 Feb 2013
Posts: 48
Location: Boston, MA

PostPosted: Mon Apr 30, 2018 10:20 pm GMT    Post subject: Reply with quote

At least we don't live in San Francisco, where a 2 bed 1 bath home sold for $810K above asking.

https://www.sfgate.com/realestate/article/31-Elk-St-San-Francisco-Glen-Park-real-estate-12866732.php
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PostPosted: Tue May 01, 2018 1:22 am GMT    Post subject: Reply with quote

Anonymous wrote:
A few interesting Arlington sales from the past week.

https://www.redfin.com/MA/Arlington/10-Jason-Ct-02476/home/8443363
listed $774,900 sold $950,000

https://www.redfin.com/MA/Arlington/204-Park-Ave-02476/home/8457756
listed $799,999 sold $851,000

https://www.redfin.com/MA/Arlington/42-Webcowet-Rd-02474/unit-42/home/145090687
listed & sold $995,000

https://www.redfin.com/MA/Arlington/106-Grafton-St-02474/unit-2/home/12098938
listed $850,000 sold $825,000

https://www.redfin.com/MA/Arlington/62-Cleveland-St-02474/unit-2/home/145113501
listed $919,000 sold $910,000

https://www.redfin.com/MA/Arlington/135-Wildwood-Ave-02476/unit-B/home/11536409
listed $749,000 sold $800,000

Christ, I got a good deal on my house.


That first house is a good example of the price action for the last real-estate bust. It sold for 498K in 2004, then 491K in Dec 2011 before running up to the final sales price. Roughly a 4.5-5% annualized nominal return since 2004, which was roughly the peak. Adjusting for inflation, the rate of return was not much at all. It's just that the price increase was uneven... flat for the first seven years, then up a lot thereafter.

Same thing happened in the late 80s. My guess is the next real-estate correction will be similar: something like a 10% nominal decline with prices moving sideways (i.e. greater real decline) for several years.
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PostPosted: Tue May 01, 2018 1:23 am GMT    Post subject: Reply with quote

Anonymous wrote:
A few interesting Arlington sales from the past week.

https://www.redfin.com/MA/Arlington/10-Jason-Ct-02476/home/8443363
listed $774,900 sold $950,000

Christ, I got a good deal on my house.


That first house only has a 3,652 sqft lot.. WTF!
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PostPosted: Tue May 01, 2018 1:44 am GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
A few interesting Arlington sales from the past week.

https://www.redfin.com/MA/Arlington/10-Jason-Ct-02476/home/8443363
listed $774,900 sold $950,000

Christ, I got a good deal on my house.


That first house only has a 3,652 sqft lot.. WTF!


Arlington lot sizes are mostly small. That’s the compromise you accept for a mostly walkable, semi-urban town. But I agree that under 4K SF is really small, even for Arlington.
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PostPosted: Tue May 01, 2018 2:14 am GMT    Post subject: Reply with quote

What other towns besides Arlington are people on this site interested in?
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PostPosted: Tue May 01, 2018 11:18 am GMT    Post subject: Reply with quote

Anonymous wrote:
What other towns besides Arlington are people on this site interested in?


Newton often have mind boggling "over ask" sales.. mainly because of schools and proxomity(T, commuter rail, car) to Boston
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PostPosted: Tue May 01, 2018 2:19 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
What other towns besides Arlington are people on this site interested in?


Newton often have mind boggling "over ask" sales.. mainly because of schools and proxomity(T, commuter rail, car) to Boston


Brookline is even closer to Boston and IMO better than Newton.
I'm pretty sure it has good schools. I lived there when I was in college.
I walked and rode my bike into town.
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Elrond



Joined: 27 Feb 2013
Posts: 48
Location: Boston, MA

PostPosted: Tue May 01, 2018 6:11 pm GMT    Post subject: Reply with quote

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
What other towns besides Arlington are people on this site interested in?


Newton often have mind boggling "over ask" sales.. mainly because of schools and proxomity(T, commuter rail, car) to Boston


Brookline is even closer to Boston and IMO better than Newton.
I'm pretty sure it has good schools. I lived there when I was in college.
I walked and rode my bike into town.


So many parts of Brookline have constant power issues. Also, you're probably stuck with Comcast and maybe RCN if you're lucky. No FiOS in Brookline Sad

Other than these issues, it's an awesome place to live.
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