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Rich Towns, Bargain Homes

Posted by Scott Van Voorhis July 24, 2014 09:13 AM

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You don't have to be a mega-millionaire to live in some Greater Boston's posh suburbs.

But if you want to get in for less than $600,000, you can forget about finding anything close to 2,000 square feet.

Want to get into Manchester-by-the-Sea for less than $400,000? Well you can - that is if you are ready to live in a micro home totaling 315 square feet.

Think older as well - anything built within the last decade is going to carry a premium.

Here are some starter homes with big price cuts in some of Boston area's fanciest burbs.

Let's start with that one-bedroom, one-bath cottage up in Manchester at 3 Ancient County Way.

The owners just lopped $21,000 off the price, bringing it down to $329,000. It hit the market back in March. It's being pitched for its location near the "village" center, and the possibility of expanding it into something grander - provided local zoning officials give their blessing.

Manchester cottage.jpg

This three-bed, two-and-a-half-bath at 33 Kimlo Road in Wellesley just had some radical price reduction surgery.

Previously listed at $600,000, the 1,536-square-foot home, built in the 1930s, was recently knocked down to $549,900.

33 Kimlo Road, Wellesley.jpg

Believe it or not, you can also buy into Hingham now for less than $400,000. The owners of this three-bedroom, two-bath, turn-of-the-century village colonial recently knocked $35,100 off the price, lowering it to $388,900.

At 1,057 square feet,105 Hersey St. is a bit on the small side, but also a good $160,000 cheaper than that Wellesley home. Needless to say, space in Greater Boston comes at a premium.

Hingham house.jpg

Winchester may be a little tougher nut to crack, at least for single-families. There a couple singles selling in the $500,000s, but they are in mired in the foreclosure process, which is a much different ballgame.

There is this single-family-like townhome listed at 22 Grove Place, #19 for $545,900 after a $14,000 price reduction. The two-bed, three-bath townhome is by far the largest of the group, with 2,310 square feet.

An honorable mention to this three-bedroom, two-bath home at 294 Cherry St. in Newton. I was planning on featuring it, only to find out it's listed on Redfin as pending.

It was listed at $519,000 after a price cut of more than $19,000.

I guess the price was right!

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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