2023 Real Estate Observations (Boston, Burlington, Wilmington: designer, interior, paint)

[msRB311]

I am just soo tired of that style house. I'm almost finding the 70s split level homes to be charming.

[MtPleasantDream]

Originally Posted by yesmaybe

You greatly overestimate how much "IT + biotech" make. Now... if you added 800k in equity and they also were willing to live paycheck to paycheck... then maybe.

An IT + biotech household can easily make $300k, and $400k is not rare.
It also depends on the stock option.

It’s true that spending $2M is still a stretch

[MtPleasantDream]

Originally Posted by newenglandgal123

They should have left the split level ranch that was there and just gut renovated it. Someone would still overpay for it to be in Burlington but at least it would fit with the character of the existing neighborhood. You never want to have the largest, most expensive house in the neighborhood, bad for re sale.

But this house was just sold yesterday for $1.6M https://redf.in/2s0nrJ

It is also in a forest of splits, and is on a busy double solid yellow line road not too far from the highway ramp.

[yesmaybe]

https://www.redfin.com/MA/Littleton/...0/home/8567488

Ooh this one in Littleton is more interesting than anything else. Got Septic issues. Was put on the market at 432k on March 8th and they get a bite but on the 18th the buyer backs out. They cut the price to 399k on the 28th and get a second one to bite. They backed out on Wednesday and the seller now has cut the price further all the way down to 300k.

[newenglandgal123]

Originally Posted by MtPleasantDream

But this house was just sold yesterday for $1.6M https://redf.in/2s0nrJ

It is also in a forest of splits, and is on a busy double solid yellow line road not too far from the highway ramp.

That one at least doesn't seem as out of place where it is....looks like there's a mix of large colonials, splits, and these new construction farmhouse monstrosities on that street. Still, $1.6M to be on a solid double yellow road?

[newenglandgal123]

Originally Posted by yesmaybe

https://www.redfin.com/MA/Littleton/...0/home/8567488

Ooh this one in Littleton is more interesting than anything else. Got Septic issues. Was put on the market at 432k on March 8th and they get a bite but on the 18th the buyer backs out. They cut the price to 399k on the 28th and get a second one to bite. They backed out on Wednesday and the seller now has cut the price further all the way down to 300k.

It says right in the listing disclosures....'Title V not done. Seller believes it will fail..."

[Jacconn]

https://redf.in/TBn2H5 This house was sold for $1.326M less than a year ago, a fair amount of freshening up went into it, and now it’s listed for $130K less than they paid. Ouch!

[newenglandgal123]

Originally Posted by Jacconn

https://redf.in/TBn2H5 This house was sold for $1.326M less than a year ago, a fair amount of freshening up went into it, and now it’s listed for $130K less than they paid. Ouch!

A FOMO bidder who paid ~$300K over list, less than a year ago about to get bit in the behind on that transaction!!

[msRB311]

Burlington is pretty close to Boston...still not sure that justifies those prices though

[matrix5k]

Originally Posted by robr2

It's a really nice house but $1.975 in Burlington might be a stretch.

https://www.zillow.com/homedetails/5...57050608_zpid/

What's with all the black entrance doors and walls now? I don't like this trend. I don't think it will age well.