NEWCONSTRUCTION55PLUSCONDOSINMASSACHUSETTS

Massachusetts 55 plus condos and townhouses have become verypopular with developers, rapidly building large developments in themetroBostonareabasedonthehighdemand.NationaldevelopershavetakennoticeandmostrecentlyPulteHomesandtheTollBrothershavebuiltlargeandsuccessful55+developmentsinMAtowns,includingsoonto be built and built. We will highlight various 55 plus condominiumdevelopmentsandwhatthenewdesigntrendsare.

Belowisalistofnotable55plusnewconstructiondevelopmentsthatwethinkareworthhighlighting:

RegencyatMethuen1SherwoodDrive,Methuen,MA01844|Units:240Townhouses/DetachedCondos|YearBuilt:2012TheRegencyatMethuenisa55+activeadultcommunitylocatedinMethuen,MA,builtbytheTollBrothers.Thedevelopmentincludes240townhomesanddetachedsinglefamilycondos,initsownneighborhoodsetting.Therearemanysocialactivitiesorganizedforowners,andcountlessamenitiesincludingtenniscourts,apool,andwalking/joggingtrails.

Theseunitsoffer1stfloormasterbedrooms,andthereareevendetached1levelcondosthatareveryraretofind.Unitsarenotcookie-cutter,therearemanydifferentfloorplanswhichofferhighendfinishes,oversizedwindows,andspaciousfloorplans.

CondoFeesInclude:MasterInsurance,SwimmingPool,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,TennisCourt,ExerciseRoom,Clubroom,Walking/JoggingTrails,RefuseRemoval

2014-2015Sales:$385,000-$613,437

Quail Ridge354GreatRoad,Acton,MA01720|Units:153Townhouses/DetachedCondos|YearBuilt:2013QuailRidgeisaPluteHomepremier55+activeadultcommunitythatoffers153detachedandattachedtownhomeslocatednexttoanine-holegolfcourse,downatreelinedcountryroad,inthehistoricalActon,MA.

ThedevelopmentprovidesthatclassicNewEnglandcharmwiththeluxuryoftodaysmodernfeaturessuchas2carattachedgarage,granitecountertops,stainlesssteelappliances,centralairandwalk-outbasements.Theactivecommunityalsoprovidesareaswimmingpool,tenniscourts,golfcourse,andwalk/jogtrails.

CondoFeeIncludes:FeeIncludes:Sewer,MasterInsurance,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,RefuseRemoval

2014-2015Sales:$418,115-$547,815

ThePinesatReadingWoods7AugustusCourt,Reading,MA01867|Units:434Townhouses/DetachedCondos|YearBuilt:2014

Bedrooms:1-2Bathrooms:1-2Full,0HalfSquareFeet:934-1,720

ThePinesatReadingWoods,builtbyPluteHomes,isthe55+adultcommunityphaseofReadingWoods,locatedjust10milesnorthofBoston.

Allunitsareonelevel,featuringspaciousfloorplans,adesignerkitchenandbalcony.Thelargest2-bedroomunitislistedat1,720SFandallononelevel!Thatisthesizeofmost2leveltownhouses.

CondoFeesInclude:Water,Sewer,MasterInsurance,Elevator,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,Playground,RecreationalFacilities,ExerciseRoom,Clubroom,Walking/JoggingTrails,RefuseRemoval

2014-20151BedroomSales:$314,635-$344,1102014-20152BedroomSales:$385,195-$519,920

Canton Point475TurnpikeSt.,Canton,MA02021|Units:53Townhouses/DetachedCondos|YearBuilt:2013

Bedrooms:2-3Bathrooms:2Full/1HalfSquareFeet:1,988-2,353

CantonPointCondosisa55+adultcommunityoverlookingReservoirPondinCanton,MA,builtbyPluteHomes.Thesecondosareidealforthoseover55thatenjoytheperksofasinglefamilyhomewithoutthehighmaintenancelifestyle.Mostfloorplansfeature1stfloormastersuites,stainlesssteelappliances,andgarageparking.

CondoFeeIncludes:MasterInsurance,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,RefuseRemoval2014-205Sales:$480,000-$731,211

Highland Meadows32HighlandMeadowsLane,Weston,MA02493|Units:69Townhouses/DetachedCondos|YearBuilt:2011

Bedrooms:2-4Bathrooms:2Full–4Full/1HalfSquareFeet:1,640–4,729

Builtin2011,HighlandMeadowsisWeston’spremieradultcommunity,locatedrightoffRoute20.Thesecondosofferstunningviewsthatlookrightovertheconservationland.Thesecondosarefarfromcookie-cutter.Allunitsvaryinsizefrom1,640to4,729squarefeet!Severalunitsofferuniquefeaturessuchasawineroom,billiardroom,sauna,andmediaroom.

CondoFeeIncludes:Sewer,MasterInsurance,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,TennisCourt,Park,RecreationalFacilities,ExerciseRoom,Clubroom,Walking/JoggingTrails,RefuseRemoval,GardenArea

2014-2015Sales:$1,214,329-$3,327,676

TheVillageatRussellFarm11VillageLane,Methuen,MA01844|Units:50Townhouses/DetachedCondos|YearBuilt:2006

Bedrooms:1-2Bathrooms:1-2FullSquareFeet:793–2,348

TheVillageatRussellFarmislocatedinaquiet,secludedneighborhoodnearbyRoute113&Route495.Thesecondosareidealforthoseover55thatenjoytheperksofasinglefamilyhomewithoutthehighmaintenancelifestyle.Allthreedifferentfloorplansoffersinglefloorlivingwithhardwoodfloors,granitecountertops,2cargarages,2seasonporch,centralair,fullbasements,andEnergyStartratedfurnaces.

CondoFeeIncludes:Sewer,MasterInsurance,Elevator,ExteriorMaintenance,RoadMaintenance,Landscaping,SnowRemoval,RefuseRemoval

2014-2015Sales:$372,000-$427,500

TheBuildersbehindthe TownhomesThenationalbuildershavedesignedthefloorplanstoperfection.Theyareveryinnovativeandprogressivetochangewithtodaysbuyersneeds.Theymakemassiveinvestmentsintothesedevelopmentsincluding240unitsatRegencyatMethuenand153unitsatQuailRidge,sotheyhavetoputoutaproductthatsells.

PulteHomesforexample,doesextensiveresearchtoseewhattheconsumerwants.Thisincludesspending1,100hourswithfocusgroupswalkingthroughprototypesoftheirfloorplans.Hereisacompanyvideoofhowtheydotheirresearchoncondoandhousedesigns.Forastudentofrealestatelikemyself,Ifindthisfascinatingtoseehowmuchresearchisputintotheirproduct.

DETACHED1LEVELCONDOTheTollBrothersintroducedadetached(alsoknownasStandAlonecondos)1leveltownhousewithhasbeenverypopularwithbuyers.Itisbasicallyamoderntakeontheranchhome.Theyeliminatedtheattictoallowforverytallceilingsandlargerwindows

tobringinalotofnaturallight.Theyarejusttwobedrooms,withanemphasisonalargerlivingroom/kitchen/diningroomarea.Theguestbedroomsareanamplesize,withawalkinclosetandmasterbathroom.Thesecondbedroomisanaveragesize.Theyhavefullbasementssoitismorethanenoughforyourstorage.Alsowiththepossibilitytocompleteiftheunithasanegress(bulkheadorwalkout).

Theotherbenefitisthattherearenosharedwalls.Thispreventsanychanceofhearingyourneighbors.Thisoptionisreallytheeasiesttransitionfromdownsizingfromahouse.

1STFLOORMASTERBEDROOMSThe2levelfloorplansallhave1stfloormasterbedrooms,includingthetownhouses,whichhasbeenthepopulartrend.Theothertrendisgolargeonthemasterbedrooms.Thereisa20x22masterbedroomatamodelintheMethuendevelopment.ThatisENORMOUSfora2,100SF+/-floorplan.

1stFloorMasterBedroomfloorplansareindemand.Theymightbethe1stfeaturethatourclientsrequestwhenwestarthelpingthemwiththeirsearch.Wejustwishthereweremoreofthem!Manytownsdonothavedevelopmentswiththisoptionyet,soyoumayhavetoconsiderothertownsifthisisapriority.

MASSIVEGARDENSTYLEFLOORPLANSThePinesatReadingWoodswhichis15-20minutestoBoston,offersgardenstylecondos.Pulteputanemphasisonlargesquarefeet.The2-bedroomfloorplansstartat1,320SFwhichiswellabovetheaveragegardenstyle2bedroomfloorplan.Thereisevenonefloorplanthatis1,720SF!Thatisallononelevel.Itisveryimpressiveasthatisthesizeofmost2leveltownhouses.Toaddtothat,theceilingsareveryhighsoitcreatesasenseofalargerspace.Itincludes2bedrooms,aden,andaformaldiningarea.

Ifyouarelookingtobuya55+condointheMetroBostonarea,pleasedonothesitatetocontactoneofouragentsat:617-670-2600Info@MaloneyRealEstate.com