2023 Real Estate Observations (Hingham, Duxbury, Kingston: tree, owning, federal)

[msRB311]

Well whoever buys that house doesn't necessarily work in Boston...or maybe they have a remote position. OR maybe they only go into the office once a week. I think people need to realize that there are folks who work from home or maybe their office is on the south shore.

Regardless of where they work that seems like a lot of money for that home.

[redplum33]

Originally Posted by msRB311

Another Duxbury house:

https://www.zillow.com/homedetails/1...57177297_zpid/

Sold for 385k in 2019 now listed at 839k in 2023. Looks like some work was done to it, but wow. That is quite an increase for a small home in 4 years time. So so glad I am not in need of home in this area.

Originally Posted by Iced_Coffee

The exterior of this house is really charming. I like it a lot, as well as the property itself (including the trees/shade/privacy) - it reminds me of certain neighborhoods on the Cape. The interior layout seems a bit puzzling to me, though. Ultimately, I'd consider a property like this if I was actively hunting in Duxbury.

It's the red door.

[MtPleasantDream]

Do people consider fengshui nowadays?

I recall when I attended an open house, an Indian woman used a compass to check the directions. The realtor assured her that the door does not face the west.

There was a west-facing house on market nearby and it didn't sell. The owner pulled it off.

[matrix5k]

Originally Posted by msRB311

Another Duxbury house:

https://www.zillow.com/homedetails/1...57177297_zpid/

Sold for 385k in 2019 now listed at 839k in 2023. Looks like some work was done to it, but wow. That is quite an increase for a small home in 4 years time. So so glad I am not in need of home in this area.

385k in Duxbury in 2019 must have been a private sale or foreclosure? There's no way that was the going rate for a house there.

[redplum33]

Originally Posted by matrix5k

385k in Duxbury in 2019 must have been a private sale or foreclosure? There's no way that was the going rate for a house there.

I'd guess that was the going rate in 2019 for that house.

2017 street view: https://goo.gl/maps/LUXDGL4Y7JVtTpLZ9

Duxbury has gotten really talked up on here in recent years.

[msRB311]

I feel like when I first joined here all that was talked about was metro west. It's kind of nice to hear about other towns.

385k seems low for Dux in 2019, but that is a small house and I'm guessing it must have been a mess before it was done over.

[robr2]

Originally Posted by matrix5k

385k in Duxbury in 2019 must have been a private sale or foreclosure? There's no way that was the going rate for a house there.

Looks like an estate sale. Per the town record, the current owner pulled permits for a new roof, new windows, and finishing the interior of a sun porch adding finished square footage - totaling about $110K. Kitchen looks new based on the sink, counter, and appliances.

[matrix5k]

Originally Posted by redplum33

I'd guess that was the going rate in 2019 for that house.

2017 street view: https://goo.gl/maps/LUXDGL4Y7JVtTpLZ9

Duxbury has gotten really talked up on here in recent years.

No way. I have a friend who bought a house in Marshfield cause she was priced out of Duxbury back in 2015 or so. She spent around 700k-800k I think.

[redplum33]

Originally Posted by matrix5k

385k in Duxbury in 2019 must have been a private sale or foreclosure? There's no way that was the going rate for a house there.

Originally Posted by redplum33

I'd guess that was the going rate in 2019 for that house.

2017 street view: https://goo.gl/maps/LUXDGL4Y7JVtTpLZ9

Duxbury has gotten really talked up on here in recent years.

Originally Posted by matrix5k

No way. I have a friend who bought a house in Marshfield cause she was priced out of Duxbury back in 2015 or so. She spent around 700k-800k I think.

I think you're wrong. This is a relatively small house. You could buy a McMansion in Duxbury in 2019 for ~700k. I'd say 385k is about right for that house in 2019...especially if it needed a lot of work. robr2 said a new roof was put on along with other stuff after the 2019 sale.

[msRB311]

Originally Posted by redplum33

I think you're wrong. This is a relatively small house. You could buy a McMansion in Duxbury in 2019 for ~700k. I'd say 385k is about right for that house in 2019...especially if it needed a lot of work. robr2 said a new roof was put on along with other stuff after the 2019 sale.

Do you know someone who bought a mansion in Duxbury for 700k in 2019? I think that's a bit of a stretch. Here are some nice homes that sold for quite a bit more than 700k in 2019 in Dux. Amazing what they're worth now:

https://www.zillow.com/homedetails/3...57177471_zpid/

https://www.redfin.com/MA/Duxbury/30.../home/16343578

this one sold for over 1M in 2018:

https://www.redfin.com/MA/Duxbury/19.../home/16342453

to put things in perspective this one sold for just under 700k in 2013:

https://www.redfin.com/MA/Duxbury/22.../home/16343733

These are nice but there are obviously bigger more impressive homes in Dux.

In 2017 I remember looking at homes in Norwell, Dux, even Hingham and it was pretty amazing what you could get in terms of a nice 4 bed, 2 bath house. I recall seeing quite a few for 650-700k...but they weren't mcmansions. I think it's been quite some time since someone was buying a 700k mansion in the greater boston area...maybe in Kingston, pembroke or abington on the south shore but even that's a stretch.

There's also a newly built development off the st that the small 835k house is on. The houses there have recently sold for 1.5-2M so those maybe brought up the value of that newly listed house. I continue to be shocked by what people list homes at...so I try to justify it I guess.