4/23/13: 147 Randlett is back on the market

It’s off the market, it’s back on the market.  It’s off, it’s on.  147 is back on the market for $739k.  What’s wrong with these buyers — do they not know about the blog?  I mean, yeah, the blog is really poorly written and lightly read — but still.  Fairway doesn’t have a blog.  Eliot doesn’t even have sidewalks!

 

147 Randlett ext

4/10/2013: A $4.25M home in 02465?

Yep.  Hard to believe we’re in the same zip code as 294 Chestnut Street — which is a 5 bed, 4 bath home with 7,800 sq/ft on nearly an acre of land.  This home just came on the market and could be yours for $4.25M.

The home has a 30×22′ playroom, pool and best of all — 4 HALF baths, in case you couldn’t find the 4 FULL baths.  If you open a door inside this house, chances are good it’s a bathroom.

I’m telling you guys, with all the expensive homes in our zip code — it’s only a matter of time until a home on Randlett sells for $1M.  My guess is 3 years or less…

294 Chestnut 294 Chestnut2 294 Chestnut3 294 Chestnut4

4/2/2013: What is your home worth?

The West Newton real estate market is very strong this spring.  With very limited inventory and strong demand, the last 4 sales on Randlett have been bid wars.  This has a lot of people on the street asking: what is my home worth today?

There are several ways to determine value: comparable sales, price per square foot basis & The Costello Method.

I put The Costello Method in caps because it’s awesome.  And easy.

I took the past 5 sales on Randlett and compared the sale price to the assessed value (how much the city values your home for tax purposes).  On average, sale prices were 27% higher than the assessed value.

Assessed value X 1.27 = Today’s value

Don’t know your assessed value?  Find it here: http://assessing.newtonma.gov/NewtonMAWebApp/

Keep in mind that I went to Northeastern and majored in football, so the numbers may not always reflect true market value.  I would factor in +/- 5% depending on the condition of your home.