House Hunters looking two bedroom Budget $500,000

House Hunters looking for a two bedroom with a budget of $500,000 it is possible when looking to buy in Boston, but not easy. Boston is an expensive place to call home whether you’re looking to rent or buy a home it’s not easy for anyone on the hunt, but especially for first time home buyers looking to break into the market to buy, but it’s not impossible to find house or condo.  If you are a House Hunter looking for a home to buy under $500,000 Here are some properties on market in Boston. If your wondering what it would equal in monthly rent I have done the breakdown for you, but keep in mind the monthly breakdown doesn’t include taxes and Private mortgage insurance and some other expenses, but hopefully it will give you an idea what you can afford if your in the market to buy a two-bedroom in Metro Boston. If you have questions about these properties or thinking you need to get off the couch and stop watching house hunters and become one yourself then please feel free to contact me. If you are looking for someone to do a more specialized house hunting search contact me as well I am familiar with many areas outside of Boston. 

318 Summit Avenue unit B 2 bed 1 bath recently renovated. New kitchen with granite counter tops and brand new stainless steel appliances, exposed brick wall, recessed lighting. Warm & bright. With high-set windows. Located within minutes to Green line T station, Coolidge Corner and Washington Square. The building is professionally managed. Laundry in the basement. Extra storage available. Approx 610 Square feet of living space. Priced at 320,000 and if you bought the home at asking you would be looking at a mortgage payment and condo fee payment of less then 1800 a month. Condo fee $240.00 a month includes Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance, Snow Removal, Extra Storage, Refuse Removal.

Maybe you don’t want to look in Brighton but want to stay under 400,000 then maybe you should look at East Boston. East Boston is no longer what it used to be. Developers are coming into the area and building a luxury condo and with its close approximately to Downtown Boston, Logan Airport, water taxi makes the morning commute a lot easier especially in warmer months.

997-1003 Saratoga – Unit 3 Boston, MA: East Boston’s Orient Heights,
2 beds 1 bath Across from Orient Heights T stop, 3 min walk to the Constitution Beach! This newly renovated 2 Bedroom 1 bath condo features beautiful new lament contemporary grey flooring, and recessed lighting. The white kitchen w/ breakfast bar, granite, and stainless appliances open up to the living area, great for holiday gatherings or just relaxing. New bathroom with oversize shower. Plus 2 generous sized bedrooms. Ultra high ceilings lend an open airy feel to space. Approx. 724 Square feet of living space. Condo Fee includes Water, Sewer, and Master Insurance and is only $100 a month. Heating is Central heating and is new so your heating and cooling costs should remain low. Priced at $379,000 and again if you paid full price for this condo and included the condo fee your looking at a monthly payment under $1900 a month for a two bedroom in Boston.

Another option for a 2 bedroom in Boston in Jamaica Plain, which offers the perfect mix of urban and suburban and often times is a great place for dog owners.

109 Sheridan Street – Unit 3 in Jamaica Plain is on market for $399,000 and again is a 2 bedroom 1 bath located on Sheridan, which is right off Centre Street. Lots of common area upgrades and improvements by an active association await you. Lovely sunny exposure, big open living room, private attic storage, ceiling fans throughout, large pantry in kitchen and sweet common yard are part of this condo package. Enjoy the close proximity to Orange Line Stony Brook T station (.2 miles) as well as all the shops and restaurants on Centre St. plus green space along the Southwest Corridor. Take the 39 buses to Longwood for a quick commute. Designated laundry in basement, washer, and dryer to remain. The home offers about 790 square feet of living space and condo fees are low at $175 and include water, sewer, and master insurance and don’t include heating but heating is hot water baseboard and gas. If you offer asking price at $399,000 and you included the condo fee into your monthly expenses your roughly looking at a mortgage payment of $2100 a month.

Maybe you’re looking for a home that is a 2 bedroom that is at least 1,000 square feet you can still pay under 500,000 and have 1,000 square feet of living space or more. Here are some options

 

88 Faywood Ave – Unit 4 in East Boston is on market for a 2 bed 1 bath is on market for $419,800 and has a Condo fee of $184.000 which includes Water, Sewer, Master Insurance, Exterior Maintenance, Snow Removal, Reserve Funds. 88 Faywood Avenue in East Boston offers TOP FLOOR PENTHOUSE-Bright well-maintained 2 bed/1 baths with FRONT & BACK DECKS in a 4-unit association in HOT EAST BOSTON. This charming unit features open plan living/dining with a large EAT-IN KITCHEN (large enough for an island too) high ceilings, fireplace, hardwood floors, recessed lighting, bay windows, VIEWS OVER SUFFOLK DOWNS, large bedrooms with closets galore. GAS STOVE, CENTRAL A/C, FULL SIZED WASHER / DRYER IN UNIT, LOW CONDO FEE… Walk to the Blue T @ Suffolk Downs OR Orient Heights, Constitution Beach, Starbucks, DDs, Restaurants, gym and more. This condo is perfect for a 1st-time buyer or investor… big payoff if Amazon comes to town! PETS ALLOWED. If you didn’t try to bring the price down you would be looking at a monthly payment of $2200 a month and get about 1225 square feet of living space that is all yours.

Last you could call 32 Parkton Rd – Unit 1 in Jamaica Plain home, which is located on the pond side of JP. Priced at $499,900 this bright and spacious three-bedroom unit is unique with modern character and charm. The oversized rooms provide ample space for relaxation and entertaining. The large eat-in kitchen is complete with generous pantry. The double bow flexible floor plan allows for three generous bedrooms or the use of a bedroom as a den, and or home office. The newer back deck offers the ideal retreat for outdoor relaxation. Within-unit laundry, large private storage, updated roof, windows, and heating (2007) this unit is ideal for the savvy buyer that is ready to move right in. Fantastic pond-side location is within close proximity to Whole Foods, Jamaica Pond, and Hyde Square, Longwood Medical, and Brookline. Condo Fee at $225 includes Water, Sewer, Master Insurance, Exterior Maintenance, and heating is forced hot air and gas. The home offers 1080 square feet of living space in this 3 bed 1 bath. If you didn’t negotiate on the price you would be looking at a monthly payment with condo fee included $2600 a month roughly.

All of these home mentioned in the blog are currently on market and are based on the current mortgage rate of 4.27 and many times you can find better rates based on your credit and income. Calculations are also based on a home buyer putting only 5% down and doesn’t include taxes, private mortgage insurance, and other fees a home buyer is often hit with, but talking to a mortgage broker is a great first step in figuring about what the rough costs will be, and there are plenty of home buying programs the first time home buyers can take advantage of. If you would like to be put in touch with a mortgage broker or have already done that step and know what your budget is and want to start your search in becoming a homeowner in 2018 then contact me and let’s get you started in making your dream a reality.