U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Massachusetts
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-09-2015, 11:41 AM
 
8 posts, read 9,650 times
Reputation: 10

Advertisements

Hello everyone,

I am looking into purchasing a home in the metrowest area... I originally wanted Natick area but am noticing that the houses in my price range will need major renovations... I am looking for excellent schools, a move in ready home under 400K... been doing research... hearing a lot about the Ashland superfund site... but I also don't want to be far from commuting into boston... any recommendations would be appreciated... 2 kids, 1 going to HS next year and the other is in daycare... TIA
Reply With Quote Quick reply to this message

 
Old 09-09-2015, 12:02 PM
 
Location: MetroWest Boston
290 posts, read 188,220 times
Reputation: 380
Quote:
Originally Posted by kgroysman View Post
Hello everyone,

I am looking into purchasing a home in the metrowest area... I originally wanted Natick area but am noticing that the houses in my price range will need major renovations... I am looking for excellent schools, a move in ready home under 400K... been doing research... hearing a lot about the Ashland superfund site... but I also don't want to be far from commuting into boston... any recommendations would be appreciated... 2 kids, 1 going to HS next year and the other is in daycare... TIA
I don't know about the Ashland Superfund Site, but the town in general seems like a nice option in your price range. Holliston feels like a good town when I've driven through, and has decent school ratings as well. A bit further off the path to Boston, but a bit more for your money. Keep an eye out in Natick as well, best bet for your money IMO if you can find it. You may find something at 400k that needs only minor renovations, or, if you can bump up into low 400's, you will open up a few more opportunities - keep in mind that the increased mortgage may be offset by reduced commuting costs (as compared to the other places you mentioned), and possibly taxes (I noticed Natick was a lower tax rate than Framingham, not sure about how it compares to other towns but think it is somewhat comparably lower due to mall benefits, etc.)
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 12:04 PM
 
8 posts, read 9,650 times
Reputation: 10
haven't took taxes into account! thank you...
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 12:10 PM
 
Location: 4222'55.2"N 7124'46.8"W
4,830 posts, read 8,213,196 times
Reputation: 2845
Quote:
Originally Posted by kgroysman View Post
haven't took taxes into account! thank you...
How can you not take property taxes into account if you have a strict housing budget? Look for a housing cost spreadsheet online to help you see how much house you can really afford based on actual data. A $450k house in one town can actually be cheaper to own than a $400k house in another town. Some factors that affect the cost of ownership include the condition of the house, property tax rate, whether the town offers trash service, cost of sewer vs septic, water usage rates, oil vs gas heat, etc.

In general if you are looking for a move-in ready home for under $400k you will probably have to look at smaller homes further west in Westborough or Shrewsbury. It's been a while since I've looked at housing within this particular price range, but I sold my tiny 3 bedroom house in Natick for over $400k over 2 years ago. I doubt you will find anything in Natick nowadays for under $400k unless it's a tear down.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 01:06 PM
 
378 posts, read 258,784 times
Reputation: 332
Bear in mind the property taxes in Westborough are much higher than Shrewsbury even though the towns are pretty much right next to each other.

Shrewsbury's 2015 property tax rate is $13.20 per $1,000 of valuation.

Westborough's 2015 property tax rate is $18.59 per $1,000 of valuation.

A house for sale in Westborough for $345,000 might be assessed at $285,900.

$5,314.88 in annual property taxes.

$285,900 divided by $1,000 equals 285.9 * $18.59 per $1,000 assessed.

A house in Shrewsbury that's selling for $519,000 might be assessed at $412,500.

$5,445.00 in annual property taxes.

$412,500 divided by $1,000 equals 412.5 * $13.20 per $1,000 assessed.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 01:44 PM
 
Location: Manchester, MA
109 posts, read 91,256 times
Reputation: 135
Quote:
Originally Posted by kgroysman View Post
Hello everyone,

I am looking into purchasing a home in the metrowest area... I am looking for excellent schools, a move in ready home under 400K...but I also don't want to be far from commuting into boston...
Not going to happen. You'll need to compromise on at least two.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 01:44 PM
 
8 posts, read 9,650 times
Reputation: 10
where did u find this information? I need to compare quite a few places....

here is my list...
westwood, medfield, Ashland, Natick, Holliston, Hopkinton, southborough, wayland, northborough, westborough
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 02:00 PM
 
8 posts, read 9,650 times
Reputation: 10
in terms of commuting...not trains, but driving and highways and traffic
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 02:02 PM
 
Location: Boston Suburb
1,971 posts, read 4,241,312 times
Reputation: 1386
If you also look into older townhouses (typically built pre-1990) or duplexes with a shared wall and shared yard, then Natick is a possibility. Some have no condo /HOA fee aside from sharing the Master Insurance with another owner. A lot of TH's changed hands in my neighborhood. A small (2 bedroom) TH in good condition is probably right at 400K. 3 bedroom is usually above 400K but lower if it is very dated.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 02:42 PM
 
Location: Massachusetts
6,097 posts, read 9,428,052 times
Reputation: 4706
Quote:
Originally Posted by kgroysman View Post
where did u find this information? I need to compare quite a few places....

here is my list...
westwood, medfield, Ashland, Natick, Holliston, Hopkinton, southborough, wayland, northborough, westborough
You're priced out of Westwood, Medfield and Wayland. Northborough is interesting, you may be able to find something there.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $99,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Massachusetts

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top