4 Bedrooms | 2 Full 1 Half Bathrooms | 2,186 sq ft
West Boylston, MA
Looking for privacy but need highway access? 15 Lisa Cir is perfect for you. Plenty of room for entertaining...BBQs, formal dining room and eat in kitchen. A powder room is located right off the deck for you and your guests. All of the big ticket updates are done: roof, windows, and kitchen counters. This one-owner home is ready to become your home!
1919 Colonial Revival | 3 Bedrooms | 1 Full 1 Half Bathroom | 2,520 sq ft
Step back in time as soon as you step into the vestibule with his and hers coat closets. Welcome guests into the grand foyer where diamond pane windows with thermal interior storm window overlook the center hall stairway. Tall windows grace living areas and bedrooms. Luxuriously high ceilings, clawfoot tub, built in china cabinet, and built in linen closet round out the captivating character of this home. Enjoy breakfast or coffee on the back covered porch listening to the birds and babbling brook or watch the town go by from your front covered mahogany porch. Long list of updates over the years including a brand new hot water heater, replacement windows, 50-yr shingles, tiled kitchen. Stroll around town as the original owner surely did: 3 min walk to Beaman Memorial Public Library, 2 mins to Darby’s Bakery & Shannon’s Pizza, 4 min walk to West Boylston Common Bandstand to enjoy the town’s seasonal festivities. Easy access to major Routes 140, 12, and 190.
A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.”
When the results were broken down by the parent’s age, millennials (those 18-36) led the way with 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their child’s opinion would be a deciding factor when looking to purchase a home. So what features in a home are most important to kids?
Coming in at 57%, it should come as no surprise that gaining their own bedrooms was the top most-desirable feature of any home for kids, followed by a large back yard to play in at 34%.
Todd Chamberlain, Head of Mortgage Banking at SunTrust explained the reasoning behind the survey,
“As a parent of two kids, I know from experience that including children in the home buying process is not only fun for the whole family, but also educational for our homebuyers of tomorrow.”
If you’re thinking about selling your home this year, make sure to highlight all the kid-friendly features your home has to offer so that you can sway the real decision makers.
BEST BUY in desirable West Boylston! FOUR bedrooms, TWO & HALF baths, TWO car garage. The bonus room would make a fine office, play room, yoga retreat, or home gym. Expand the Master bedroom over it? So many options! Formal living and dining rooms plus family room.
You cannot find a MOVE IN READY home this size in West Boylston, Holden, or Sterling for less.
Long list of updates over the years including kitchen with granite counters, exterior paint, French doors, windows, hot water heater, oversized deck, and pear trees.
Make this home your own!
We're hosting TWO Open Houses THIS WEEKEND!
Saturday, June 2nd from 10 am to noon and Sunday, June 3rd from noon to 2 pm
Here are five reasons listing your home for sale this summer makes sense.
1. Demand Is Strong The latest Buyer Traffic Reportfrom the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now Housing inventory has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.
3. The Process Will Be Quicker Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latestOrigination Insights Report, the average time it took to close a loan was 41 days.
4. There Will Never Be a Better Time to Move Up If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!
Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on With Your Life Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
Looking for a neighborhood but like your privacy? This home has both as well as seasonal views of sunsets and foliage. 7 room 3 bedroom 2.5 bath colonial with Great Room which has cathedral ceiling, eat-in kitchen, formal dining room, office, playroom or guest bedroom, and laundry in half bath completes the open 1st floor. Master bedroom features private bath and walk in closet. Come see this bright, sun drenched home!
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).
What is PMI?Freddie Mac defines PMI as: “An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.
Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”
Except with FHA loans, the PMI will remain for the life of the loan. Once you've built 20% of equity with an FHA loan you'll have to refinance your loan to get rid of the PMI payment. As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:
“The cost of PMI varies based on your loan-to-value ratio – the amount you owe on your mortgage compared to its value – and credit score, but you can expect to pay between $30 and $70 per month for every $100,000 borrowed.”
According to the National Association of Realtors, the average down payment for all buyers last year was 10%. For first-time buyers, that number dropped to 5%, while repeat buyers put down 14% (no doubt aided by the sale of their homes). This just goes to show that for a large number of buyers last year, PMI did not stop them from buying their dream homes.
Here’s an example of the cost of a mortgage on a $200,000 home with a 5% down payment & PMI, compared to a 20% down payment without PMI:
The larger the down payment you can make, the lower your monthly housing cost will be, but Freddie Mac urges you to remember:
“It’s no doubt an added cost, but it’s enabling you to buy now and begin building equity versus waiting 5 to 10 years to build enough savings for a 20% down payment.”
Bottom Line If you have questions about whether you should buy now or wait until you’ve saved a larger down payment, let’s get together to discuss our market’s conditions and help you make the best decision for you and your family.
9 Room Colonial! 4 beds, 2.5 baths, 2,230 sq ft of living area, 2 car garage under
Hardwood floors in living, dining, and bedrooms. Hardwood under carpet in family room. Master bath. Roof is fairly new, kitchen remodeled with granite counters about 7 years ago. Laundry in half bath on the first level.
To the rear of the home is the extra, heated and tiled room which would be perfect for a playroom, office, or sauna!
Price correction to $419,900!
Come by Sunday to see for yourself!
ENTER FOR A CHANCE TO WIN A TARGET GIFT CARD
To enter, you must come to the Open House on Sunday and complete an entrance form.
Winner will be announced on Sunday at the end of the Open House LIVE on FACEBOOK.
Stop by on Sunday, March 25th from noon to 2 pm to see this 4 bedroom Colonial with a beautiful deck overlooking a sun filled back yard. Two and a half baths, 2 car garage, and 2,230 sq ft of living area.
Nine rooms including a formal living room with fireplace, dining room and game room which could be converted into an office or playroom.
Updates include roof, exterior paint, windows, deck, garage doors and kitchen.
List price $424,900.
Download property flyer here for more photos and information.
Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return. This information comes immediately after the new tax code became law. Some of the information may be revised as the analysis of the new law evolves. When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:
Changing the requirements for the exclusion of gain on the sale of a principal residence
The reduction on the limit of the Mortgage Interest Deduction (MID)
The elimination of the State and Local Tax deduction (SALT) which includes property taxes
Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market. 1. Exclusion of gain on sale of a principal residenceOriginal Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in capital gain taxes if they sell the house. The New Tax Code: No change. The “at least 2 years out of the last 5 years” requirement is unchanged. Impact on the Market: None. 2. Mortgage Interest DeductionOriginal Proposal: Reduce the limit on the mortgage interest deduction (MID) amount from $1,000,000 to $500,000. The New Tax Code: Reduces limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans up to $1 million are grandfathered. Impact on the Market: Assuming a 20% down payment, this reduction in the MID will impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000. Any home under the lower price is still covered and any home over the higher price was not covered under the former tax code either. What does that mean to the market? Experts disagree. Calculated Risk’s Bill McBride: “I think the impact of reducing the MID from a maximum of $1 million in mortgage debt to $750 thousand in mortgage debt will have very little impact on the housing market.” On the other hand, Capital Economics claims: “The impact on expensive homes could be detrimental, with a limit on the mortgage interest deduction raising taxes for those that itemize.” 3. State and Local Taxes (SALT)Original Proposal: The elimination of the state and local tax deduction (which includes property taxes). The New Tax Code: Allows an itemized deduction of up to $10,000 for the total of state and local property taxes and income or sales taxes. Impact on the Market: Most experts agree that higher taxed regions will be impacted as homeowners in those communities now have a cap on these deductions. Calculated Risk’s Bill McBride stated: “SALT will have an impact on housing in some areas. Some people might choose to live in one state over another (if they have a choice), based on taxation. This could impact demand in certain states – especially for the middle and upper-middle class homeowners.” Mark Zandi of Moody’s Analytics said: “The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.” What will be the overall impact on the housing market?For most of the country, the new tax code will not have a negative impact on the market. As Capital Economics reports: “Given most households will see an overall tax cut, and potential buyers are likely to put that saving towards their home, we doubt it will have a significant detrimental impact on the housing market.” There is also no doubt that some higher priced, higher taxed regions will be affected more than others. However, most experts agree that other portions of the tax code will favor the high-end buyer and seller, and this might mitigate many concerns. McBride explains: “The corporate tax cuts (and other tax cuts) will mostly benefit the wealthy, and this will be a positive for high end real estate.” What does this all mean to you?To know for sure, you should sit with your accountant or financial planner and explore how all the aspects of the new code will impact your family. Most families consider homeownership an essential part of the American Dream, and don’t purchase a home based solely on the tax advantages. The main reasons they buy a home are personal (they just got married, they are looking for a good place to raise children, they want to be near friends and family, they want to better enjoy their retirement, etc.). This will never change. Looking at the new tax code, Mr. McBride’s opinion makes the most sense: “There will be some negative impact based on SALT, but overall the impact of these policy changes on housing will be minimal.”