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Everyone is aware of the Government Stimulus Program for 1st Time Home Buyers. And I've helped and meet these buyers. They are young and enthusiastic but also well schooled and cautious. Today, I ran a search in the following towns: Burlington, Melrose, North Reading, Reading, Stoneham, Tewksbury, Wakefield, Wilmington, Winchester, Woburn, Billerica and I found 41 Condos priced under $175,000 average days on Market 100.
What does that say to the market.. it says some of these condos are OVER Priced. I could be wrong...but when a property is on the market more than 14 days without offers all the trainers, mentors, brokers and buyers say the same thing. Why??? Does this person know their competition? Did they not get the memo that properties have depreciated?
If your currently considering selling your home, please interview at min 3 Local Agents. The reason I suggest this is if they all come back with the same price or within a few dollars either way. Then that's the price. Remember not only does the buyer have to find value in your property but the banks appraiser does too. And regretfully, if you had a apprasial yesterday for a re-finance that price is now nil and void. If you read the fine print on the apprasial you paid for it say's it's the price we thnk your home is worth TODAY.
Another Tip, I would like to share is be careful when selecting a real estate agent, and don't choose your agent because you went to school with the person and they were recently laid off and were just licensed. This may sound harsh but, think of it this way. Would you trust the most expensive purchase of your life to a person who isn't skilled in friendly negotiations?
Anyway, in closing I wuld just like to add that there are only 80 days left to the program so, if your seeking or selling. Take Action
Best of Luck
Lisa Coates
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If you would like pictures or listing sheets of the properties below please e-mail me at TucciRealEstate@gmail.com or call my cell (617) 816-7603.
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MLS #: 70917255 | Status: ACT | DOM: 5 | Rent Price: $750 | List Date: 5/12/2009 | |||
| 7 Mishawum Rd U:0 Woburn, MA 01801 |
Rooms: 3 | Bedrooms: 1 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 500 | Deposit/Reqd: $750/Yes | Rnt Term: Tenant at Will | |||||
| Remarks: Affordable Basement apartment with seperate entrance Pets subject to owner approval | Heat: -- | AC: | ||||||
| Rnt Includes: Heat, Hot Water, Electric | ||||||||
| Orig. Price: $750 | ||||||||
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MLS #: 70896342 | Status: ACT | DOM: 46 | Rent Price: $775 | List Date: 4/1/2009 | |||
| 949 Main U:3 Woburn, MA 01801 |
Rooms: 3 | Bedrooms: 1 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 0 | Deposit/Reqd: $0/No | Rnt Term: Tenant at Will | |||||
| Remarks: 1 Bedroom apartment in convenient N. Woburn location, close to shopping & public transportation. Wall A/C, Coin-op washer/dryer in building. Kitchen incl. frige, elect. stove, DW & disposal. Off-street parking for 1 car. Owner requires 1 year lease. Available 4/15/09!! | Heat: Electric | AC: Yes | ||||||
| Rnt Includes: Hot Water, Water, Sewerage Disposal, Refuse Removal, Snow Removal, Grounds Maintenance, Occupancy Only | ||||||||
| Orig. Price: $800 | ||||||||
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MLS #: 70911152 | Status: ACT | DOM: 17 | Rent Price: $900 | List Date: 4/30/2009 | |||
| 5A Sedgewick Pk. U:5A Woburn, MA 01801 |
Rooms: 3 | Bedrooms: 1 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 0 | Deposit/Reqd: $900/Yes | Rnt Term: Lease | |||||
| Remarks: Well kept 3 room apt. on 2 levels in a quiet residential neighborhood. Hdwd floors in LR asnd BR. Tile bath. Extra storage in walkup attic and basement. Washer and dryer in unit. Walk to public transportation and easy access to I93 and I95. Beautiful large back yard. Nothing to do but move in. | Heat: Oil | AC: No | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Grounds Maintenance | ||||||||
| Orig. Price: $900 | ||||||||
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MLS #: 70850114 | Status: ACT | DOM: 174 | Rent Price: $900 | List Date: 11/24/2008 | |||
| 38 Campbell St. U:3 Woburn, MA 01801 |
Rooms: 3 | Bedrooms: 1 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 0 | Deposit/Reqd: $0/No | Rnt Term: Lease | |||||
| Remarks: Three room, one bedroom apartment. Upgraded kitchen and bath, newer carpet and newer replacement windows. Rent includes heat and hot water. Close to Woburn Center, transportation and shopping!! Easy commute to all major routes. | Heat: Gas | AC: No | ||||||
| Rnt Includes: Heat, Hot Water, Water, Sewerage Disposal, Refuse Removal, Extra Storage, Occupancy Only | ||||||||
| Orig. Price: $900 | ||||||||
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MLS #: 70914741 | Status: ACT | DOM: 10 | Rent Price: $900 | List Date: 5/7/2009 | |||
| 31 Montvale Avenue U:1 Woburn, MA 01801 |
Rooms: 5 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Condominium | Living Area: 715 | Deposit/Reqd: $900/Yes | Rnt Term: Lease | |||||
| Remarks: Compact 2 bedroom unit at the Presidental Condominiums. Open floor plan, large living room with hardwood floors, coin-op laundry, express bus to Boston, minutes from Horn Pond recreation area and major highways (95/93), steps to Woburn center. RENT INCLUDES HEAT, HOT WATER AND DEEDED PARKING. | Heat: -- | AC: No | ||||||
| Rnt Includes: Heat, Hot Water, Water, Sewerage Disposal, Refuse Removal, Snow Removal, Grounds Maintenance | ||||||||
| Orig. Price: $900 | ||||||||
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MLS #: 70916398 | Status: ACT | DOM: 6 | Rent Price: $950 | List Date: 5/11/2009 | |||
| 57 Prospect St. U:1 Woburn, MA 01801 |
Rooms: 4 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 1250 | Deposit/Reqd: $950/Yes | Rnt Term: Lease | |||||
| Remarks: 4 room 2 bedroom apt. Large EI kitchen and oversized LR. All rooms freshly painted, new lighting fixtures, updated bath. This apt. is deleaded. Close to schools, public transportation and I95 & I93 commuter roads. Section 8 welcome. Owner requires credit check and CORI check at tenants expense. | Heat: Gas | AC: | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Extra Storage, Occupancy Only | ||||||||
| Orig. Price: $950 | ||||||||
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MLS #: 70829342 | Status: ACT | DOM: 227 | Rent Price: $950 | List Date: 10/2/2008 | |||
| 3 Spring Ct. Terr. U:2 Woburn, MA 01801 |
Rooms: 5 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 850 | Deposit/Reqd: $950/Yes | Rnt Term: Lease | |||||
| Remarks: Second floor apt. with 5 rooms, 2 bedrooms, EI kitchen and 1 bath. 3 season porch. Hdwd floors, freshly painted, replacement windows, lead free. Large private yard and 2 + off-street parking. Washer dryer hookup in unit. Section 8 welcome. Tenant responsible for yard maint. and snow removal. | Heat: Gas | AC: | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Occupancy Only | ||||||||
| Orig. Price: $950 | ||||||||
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MLS #: 70778033 | Status: ACT | DOM: 336 | Rent Price: $1,200 | List Date: 6/15/2008 | |||
| 48 Lake Street U:varies Woburn, MA 01801 |
Rooms: 4 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 730 | Deposit/Reqd: $1200/Yes | Rnt Term: Lease | |||||
| Remarks: one Bdrm (1000 inc. heat and hot water ) and Two bedrooms available 1200 with heat and hot water AS THEY BECOME AVAILABLE. All units have hardwood floors, refrigerators, laundry in lower level - storage bins - grounds and snow removal done by landlord Beautiful views - right across from HOrn Pond - Absolutely no smoking - management on premises ... | Heat: -- | AC: Yes | ||||||
| Rnt Includes: Heat, Hot Water | ||||||||
| Orig. Price: $995 | ||||||||
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MLS #: 70879597 | Status: ACT | DOM: 82 | Rent Price: $1,200 | List Date: 2/24/2009 | |||
| 112A Eastern Ave. U:2 Woburn, MA 01801 |
Rooms: 4 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 966 | Deposit/Reqd: $1200/Yes | Rnt Term: Lease | |||||
| Remarks: Large 4 room, 2 bedroom apt. in quiet residential neighborhood. Close to new Shamrock elementary school, public transportation and shopping. Washer/dryer in unit supplied by owner. Additional storage in attic. Parking for 2 cars off-street. Large private fenced-in yard to be shared with other tenant. | Heat: Electric | AC: No | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Snow Removal, Grounds Maintenance, Occupancy Only | ||||||||
| Orig. Price: $1,200 | ||||||||
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MLS #: 70888044 | Status: ACT | DOM: 64 | Rent Price: $1,350 | List Date: 3/14/2009 | |||
| 19 Traverse St. U:2 Woburn, MA 01801 |
Rooms: 5 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 1300 | Deposit/Reqd: $1375/Yes | Rnt Term: Lease | |||||
| Remarks: Restored & Remodeled Turn of the Century 5/5 2-family with separate 2 room Carriage house. New Roof, New vinyl siding with full cover aluminum trim, New thermopane windows main building, new sewer connection, 4 new electrical services, 2 new Maple kitchens with granite countertops, stainless steel appliances including refrigerator. The 2 fam... | Heat: -- | AC: | ||||||
| Rnt Includes: -- | ||||||||
| Orig. Price: $1,375 | ||||||||
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MLS #: 70845393 | Status: ACT | DOM: 187 | Rent Price: $1,500 | List Date: 11/11/2008 | |||
| 286 Place Lane U:286 Woburn, MA 01801 |
Rooms: 4 | Bedrooms: 2 | Baths: 2 / 0 | |||||
| Style: Condominium | Living Area: 1400 | Deposit/Reqd: $1500/Yes | Rnt Term: Lease | |||||
| Remarks: 1400 sq ft condo, 2 bedrooms, 2 full baths, open floor plan and fully applianced kitchen. Additional features include patio, W/D in unit, entry with concierge service, swimming pool, tennis courts, fitness room, extra storage, clubhouse and manicured landscaping. 2 parking spaces, Close to I93, I95 and downtown Woburn. Mirror in dining area to s... | Heat: Gas | AC: Yes | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Snow Removal, Recreational Facilities, Grounds Maintenance, Tennis Court, Swimming Pool, Extra Storage, Occupancy Only | ||||||||
| Orig. Price: $1,500 | ||||||||
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MLS #: 70917047 | Status: ACT | DOM: 6 | Rent Price: $1,550 | List Date: 5/11/2009 | |||
| 14 Highland St. U:3 Woburn, MA 01801 |
Rooms: 4 | Bedrooms: 2 | Baths: 1 / 0 | |||||
| Style: Apartment | Living Area: 0 | Deposit/Reqd: $1550/Yes | Rnt Term: Lease | |||||
| Remarks: Brand new apt. in stately victorian located in a quiet residential neighborhood. This 3rd floor unit is newly constructed. Features all new appliances incl. w/d, and refrigerator, C/A and C/Vac, skylights, hardwood flooring with w/w in bedrooms. Great views, owner maintained yard area and 2 car parking. Extra storage areas in unit and in basemen... | Heat: Gas | AC: Yes | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Occupancy Only | ||||||||
| Orig. Price: $1,550 | ||||||||
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MLS #: 70919724 | Status: NEW | DOM: 1 | Rent Price: $2,000 | List Date: 5/16/2009 | |||
| 9 Grove St U:B Woburn, MA 01801 |
Rooms: 6 | Bedrooms: 3 | Baths: 2 / 1 | |||||
| Style: Condominium | Living Area: 2100 | Deposit/Reqd: $2000/Yes | Rnt Term: Lease | |||||
| Remarks: Move right in! Young 6 rm, 3 bedrm, 2 1/2 bath Townhouse with over 2100 square feet of living space built in 2005. Features large kitchen with granite countertops, stainless steel appliances & dinarea w/sliders to yard. Gleaming hwd floors, 2nd flr laundry rm & c/air. 3rd flr MBR with master bath. 1 car garage & ample storage in base... | Heat: Gas | AC: Yes | ||||||
| Rnt Includes: Refuse Removal, Grounds Maintenance, Extra Storage, Occupancy Only | ||||||||
| Orig. Price: $2,000 | ||||||||
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MLS #: 70842519 | Status: ACT | DOM: 195 | Rent Price: $2,100 | List Date: 11/3/2008 | |||
| 201 Main Street U:21 Woburn, MA 01801 |
Rooms: 6 | Bedrooms: 3 | Baths: 2 / 1 | |||||
| Style: Attached (Townhouse/Rowhouse/Duplex) | Living Area: 1170 | Deposit/Reqd: $2100/Yes | Rnt Term: Lease | |||||
| Remarks: Townhouse living at its finest.Location close to all major highways.Attached garage as well as one of the few units w/ deeded parking space.This end unit offers HW flrs 2.5 baths that includes a full master bath.Gorgeous mastr bdrm w/ cathedreal ceiling and drop fan.Two additional good size bdrms all with great closet space.Large basement for pl... | Heat: Gas | AC: Yes | ||||||
| Rnt Includes: Water, Sewerage Disposal, Refuse Removal, Snow Removal | ||||||||
| Orig. Price: $2,100 | ||||||||
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MLS #: 70912070 | Status: ACT | DOM: 16 | Rent Price: $2,400 | List Date: 5/1/2009 | |||
| 24 Arlington Rd U:24 Woburn, MA 01801 |
Rooms: 10 | Bedrooms: 4 | Baths: 2 / 0 | |||||
| Style: Single Family | Living Area: 3300 | Deposit/Reqd: $2400/No | Rnt Term: Lease | |||||
| Remarks: Come quickly to see this beautiful Antique Colonial home with today's amenities. Windows, kitchen, plumbing electrical, roof and addition done in 2001. Over 3000 sf of living area, including a 24 X 16' family room. Located less than 1/4 mile to Horn Pond. This home features 4-5 bedrooms, 2 baths and a second family room on the third floor. Great... | Heat: Gas | AC: Yes | ||||||
| Rnt Includes: Water, Extra Storage | ||||||||
| Orig. Price: $2,400 | ||||||||
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MLS #: 70918080 | Status: ACT | DOM: 4 | Rent Price: $2,800 | List Date: 5/13/2009 | |||
| 23 Woburn Parkway U:23 Woburn, MA 01801 |
Rooms: 7 | Bedrooms: 3 | Baths: 2 / 0 | |||||
| Style: Single Family | Living Area: 1600 | Deposit/Reqd: $1000/Yes | Rnt Term: Lease | |||||
| Remarks: Tranqil setting for this spacious home, part of a 2 family, owner's unit. Like having a full size house instead of an apartment. Large rooms thruout, 3/4 bedrooms or use one as office. Modern kitchen, formal dining room, living room, 1st floor den. Laundry area on same floor as bedrooms. Modern bath with double stall shower/glass door, jacuzzi t... | Heat: Oil | AC: Yes | ||||||
| Rnt Includes: Water, Refuse Removal, Snow Removal, Grounds Maintenance | ||||||||
| Orig. Price: $2,800 |
All information was found using the Multiple Listing Service. If you would like more information about these rentals or if you or someone you know is looking for real estate in this area, please contact Dan Tucci, (617) 816-7603 or e-mail at TucciRealEstate@gmail.com
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Buying a home is an important investment however your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you. The professionals include mortgage lenders, Realtors, Attorneys, Home Inspectors and Accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs.
For a map based search of all properties listed in the MA MLS go to

Let Woburn MA real estate assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through the MA real estate Multiple Listing Service (MLS). Request relocation, school and demographic information.
The Massachusetts home search is easy with "quick search" options to search for MA real estate. Let us assist you in finding the property that meets your needs. The Virtual Homes MLS Map Search provides all MLS listings plotted in each town on a map. RE/MAX Innovations real estate agents can assist you in your search for the perfect home ((877) 266-9747.
Massachusetts Multiple Listing Service- Search the MLS for all NH property listings. Go to MA MLS.
Massachusetts Foreclosures and Bank Owned Homes - Register to receive New Hampshire foreclosure (bank-owned) listings and short sale opportunities. Go To MA Bank Owned
Home Search Service- Home search is a web-based real estate software tool (MLSpulse) that keeps you continually informed of your local real estate market. Virtual Homes real estate provides access to real estate, relocation and town information in New England states. Massachusetts Home Buyers Guide is a great resource for all consumers interested in purchasing MA real estate.
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So often I speak with people that ask "How is the market?" Well that's a great question and if you listen to the media they say it's a national crisis. People are upside down and are facing foreclosure. I'm not here to say ' not true. But instead to remind you that it all depends on the supply and demand. In my coverage area the market goes from extremely active to extremely depressed. For instance if you want to purchase a condo in Middlesex county the selection is vast and prices range from $41,000 to $1,940,000 there are over 9000 units for sale. With so much selection the question isn't "How's the market?" which my reply would be"Great if you want to buy" Instead the question should be " Where should I buy?" As many of my colleagues have said it's a great time to buy. Prices are low, selection is fabulous and interest rates are low. The government is working tediously to build consumer confidence and the banks are eager to lend for the rebuilding of the "American Dream of Home Ownership"
No one has a crystal ball to know if we've hit the Bottom of the Market or if the Bubble has Burst. But there are allot of home owners that are eager to sell for a variety of reasons. And if your tired of renting or relocating to Massachusetts this is a Great Market. Working with a experienced agent that understands your goal will make achieving it easy and seamless. However, if you think the bubble hasn't burst and it will in fall of 2009 or Spring 2010 you may or may not be right. In my opinion the market prices can only remain constant or go up. Why? Well, that's easy let's go back to supply and demand. Most developers have ceased building or planning new projects until they sell off the current inventory. They are offering free upgrades and extremely motivated to negotiate with serious buyers. With the decline of inventory in high demand towns and areas the prices will have no choice but to increase. Hence, the condo available for $1,940,000.
People choose where they will live on variety of reasons. The school system, commute time to work, area amenities or lifestyle. If you'd like to be a community that has horse stables or paddocks and there are only a hand full of homes that have the living space, school system, commute to the office and updates you like then the prices may be close to or over the current tax assessment. This situation is not uncommon, especially here in Massachusetts. However, if your a first time buyer and attracted to just the price and would like to just own your first place in any town for the lowest price. Then a condo in a up and coming neighborhood for $50,000 may work for you.
Do you remember the saying" If you think your can or can't - your Right! According to the January 27, 2009 Wall Street Journal article Boston's Metro area Inventory is down 17% from this time last year. So in my opinion we have had the bubble burst and it will only get tougher to find bargains. Because remember you're not the only person looking for the "Great Buy"
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This is an actual example of a condo in Woburn that is currently for sale. This shows clearly how the new lower interest rate allows someone to make an offer of $15,000 greater and give them the same monthly payment.
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Six Weeks Ago |
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Now |
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Puchase Price |
$130,000.00 |
Purchase Price |
$145,000.00 |
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FHA 3.5% Down Payment |
$4,390.75 |
FHA 3 .5%Down Payment |
$4,897.38 |
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Principal |
$125,450.00 |
Principal |
$139,925.00 |
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Rate |
6.00% |
Rate |
5.00% |
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Term |
30 |
Term |
30 |
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Taxes |
$1,701.05 |
Taxes |
$1,701.05 |
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Condo fee |
$220.00 |
Condo Fee |
$220.00 |
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Loan Payment |
$752.14 |
Loan Payment |
$751.15 |
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Total Payment |
$1,113.89 |
Total Payment |
$1,112.90 |
This example shows principal only, the asking price of his condo is $139,900 and the complex is approved for FHA 3.5% down payment financing. The best part is you can get the down payment gifted from a relative and then take the tax credit of $7500 in the spring to pay back the gift. It' like 100% financing.
This condo will pull $1100 all day for rent. So, if they buyer decides to move on, the can easily cover the mortgage payment by renting out. This is a NO BRAIN-ER !!!
There are deals like this out there and buyers must take advantage while rates are still low. For more info on finding these deals e mail me.
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