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One thing to add is I'd generally stay away from those mini-associations like the one in Lincoln, they can be TROUBLE. And yes, that is by Lonsdale which along with Manville is considered one of the problem areas of Lincoln, with seepage coming over from C.F.. The NP location is more comfortable. I also agree that a single family home is preferable, but it's important to note that even the $252 is not THAT high for a condo fee (they can get MUCH worse). That alone would not cause me to hesitate AS LONG as it's a well run association, but in either case be SURE to do your due diligence before buying. You need to check for anticipated repairs/plans for funding them, cash flow, cash reserve...
I'd second the advice to stay away from "Mini Associations". The general welfare of a condo association benefits from as many members as possible. With small associations, it only takes one bad apple to create chaos and send the condo association down the tubes to the ruin of everybody's real estate investment.
WOW! It's really eye-opening for me seeing your opinions. I have learned a great deal. Thank you!!!
I thought the one in Lincoln is better due to the fact it is in Lincoln with its highly rated school system (I am expecting a baby in a few months). I did not know that being close to Central Fall could have that much impact.
Just wanted to share my initial takes:
Pros for the one in Lincoln:
- Larger space with finished basement.
- Has a yard to use
- Newer (1988 > 1974)
- Better school system. The elementary school is a few steps away.
- Use gas (Gas > Electric)
Pros for the one on North Providence
- 7 minutes closer to work (Smithfield)
- Walking distance to Notte Park
- Easier to adapt to live(I have been living in North Providence for a few years. The one in Lincoln seems to offer different lifestyle)
- more isolated from the neighbor
Manville gets a bad rep (I've lived here 3 years) but I actually like it a lot and its the Lincoln school district too. There's a park I can walk to (basically across the street), you can walk to the bike path. There's a nearby water entry for kayaks, a cute coffee place. Is also like 3 minutes to the freeway so everything is close. People are really friendly here that I've talked to.
Personally I'd make sure its the school district you want, looks nice, check out the neighborhood and walk around. Especially if you're local.
So I am moving to the next affordable range and searching for single family homes less than 225.
I come across this one in Cumberland Hill, very close to Woonsocket. I know it's not ideal. But how bad is Cumberland hill in general and this house in particular? Any takes would be much appreciated.
Very cute tiny condo alternative. Assuming all systems are good and no red flags, it looks good. Check with the town to see if the lot is big enough to expand in the future, because that is how you'd make money on this in the large term.
So I am moving to the next affordable range and searching for single family homes less than 225.
I come across this one in Cumberland Hill, very close to Woonsocket. I know it's not ideal. But how bad is Cumberland, hill in general and this house in particular? Any takes would be much appreciated.
$199K for an 800 sq. ft. 'mobile' home. ?? Ridiculous. It looks like at one time it may have been a garage.
Cumberland Hill is fine. I don't see where any bank would take a mortgage on it; and surely you don't want to pay cash for something like that.
You need a real estate agent. You can buy a decent condominium in various parts of RI for around $150k and up, depending on size and location.
And... PS: Trulia is not what you want to be looking at. www.Realtor.com is accurate and where you should search, or simply get together with an agent.
$199K for an 800 sq. ft. 'mobile' home. ?? Ridiculous. It looks like at one time it may have been a garage.
Cumberland Hill is fine. I don't see where any bank would take a mortgage on it; and surely you don't want to pay cash for something like that.
You need a real estate agent. You can buy a decent condominium in various parts of RI for around $150k and up, depending on size and location.
And... PS: Trulia is not what you want to be looking at. www.Realtor.com is accurate and where you should search, or simply get together with an agent.
They don't want a condo. It would at least half of 199k to buy land in Cumberland. And I'm sure they could get a mortgage on this house it assuming their finances are in order.
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