Clusterpine St Medford Ny 11763
$519,000
Listed By Susan G Owen, Coldwell Banker American Homes
4
MLS#
3411870
This diamond home is meticulously maintained with beautiful updates throughout. The backyard is one-of-a-kind showcasing a stunning waterfall. Relax in the gazebo or on the deck to the sound of nature! Featuring a newer kitchen with granite, stainless steel appliances, fireplace, formal dining room with impressive tray ceiling, oversized den extension, master bedroom with full bath, glass doors to the deck and large sitting room, two car garage, and much more! There’s guest quarters on the second level with outside entrance, bedroom, living room and full bathroom! Taxes with star $10,750.45.
Benefits Of Investing In Multi
A 2015 article in the New York Times reported that nearly 770,000 new rental households emerge every year since the year 2004, explaining the increased demand for these units in upscale towns. Though there are only four million multi-family dwellings compared to a surging 90 million single-family units, multi-family homes present several advantages to residents. Several benefits accrue to real estate investors who buy multi-family units:
Browse Suffolk County New York All Real Estate For Sale
Property Listed by: Douglas Elliman Real EstateProperty Listed by: Brown Harris Stevens HamptonsProperty Listed by: Douglas Elliman Real EstateProperty Listed by: Brown Harris Stevens HamptonsProperty Listed by: Nest Seekers LLCProperty Listed by: Town And Country Real EstateProperty Listed by: Douglas Elliman Real EstateProperty Listed by: Empire Business Management LLCProperty Listed by: Douglas Elliman Real EstateProperty Listed by: David L. White
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Medford Ny Single Family Homes For Sale
- Brokered byEXIT HOME KEY REALTYFor Sale
Compare To Nearby Zip Codes
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 9 days.
- Hot homes can sell for about 2% above list price and go pending in around 4 days.
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 6 days.
- Hot homes can sell for about 1% above list price and go pending in around 3 days.
- ~$350K Offer2Beds, 1Bath, ~1,000Sq. Ft.HouseOffer Not Accepted-Sold for $350KOver List Price
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Analyze Important Aspects Of The Property
It is a short analysis of the location, the number of units, monthly rent, the cash flow, and the expenses based on the 50% rule. Most multifamily units are located in cities and big towns often classified as C+ areas. Simply put, it should be close to the local transport and learning facilities, among other social amenities. You also want to determine if you wish to buy one, two, or three-bedroomed properties. The rents should outweigh the total monthly expenses. A 50% rule is applied in this case 50% of the income should leave you with enough money to pay your mortgage. If it leaves a little amount for a mortgage payment, then you should consider venturing into another property that generates more rental income. The property should finance the mortgage without you looking for additional sources of income.
This short analysis should help you to determine whether you will buy the property or not quickly. Note that for every property, there are two prices- the list price and price. The list price is often overstated while the perfect price is the more reasonable and makes the investment worthwhile. Most investors offer the second price on the property.
Pennsylvania Ave Medford Ny 11763
$424,999
Listed By Stephen King, Realty Connect USA L I Inc
3
MLS#
3411111
Brand new to market!!! This 3 bedroom 1.5 bath sprawling ranch is nestled on over an acre of horse property in the heart of Medford! Includes a 1 car attached garage, new roof, new siding, new windows, new 200 amp electric panel, an oil tank less than 5 years old, master bathroom, original hardwood flooring throughout, eat in kitchen, formal dining room, wood burning stove, and a full sized basement that has potential for mother/daughter if proper permits obtained! This home serves as the perfect canvass to make your own! DO NOT WAIT as this incredible opportunity WILL NOT LAST!
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Single Family Homes For Sale In Medford Ny
So you are looking for single family homes for sale in Medford, NY? Excellent choice! Realtor.com® wants to make sure you can search single family homes with ease. That is why we have compiled a list of 97 single family homes that are currently for sale within Medford, NY residential boundaries, including open house listings. View each home individually and read the property details, which include the price, sales history, property tax, school information and much more. Get instant access to property photos so you can explore the home online. Many people choose to live near Medford, NY because of its good reputation as well as its proximity to several parks and recreational areas. In fact, there are schools, universities, school districts and lastly parks nearby. Our goal is to help you buy your dream home.
Determine The Method Of Financing
- Refinancing the property using a bank the property has to be seasoned for at least six months to qualify for property refinancing.
- Finding a long-term private lender the strategy comes in handy when you cannot obtain a loan from a bank.
- Finding a reliable partner a partner who has a better credit score, good cash flow, and a large capital base increase your chances of obtaining a loan.
- Sell the property it is the last resort, especially if it makes a good sale.
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What Is A Multi
It is a classification of housing with more than one unit where the residential inhabitants live with their separate living rooms, kitchens, electrical bills, and other utilities. Also known as multi-dwelling units, they are common in densely populated areas like cities where space is at a premium. Multi-family homes can be owned, rented and also serve as an investment property for landlords to collect rent from tenants.
Making The Offer And Negotiation
While the estate agent already has an ideal figure from the seller’s point of view, it does not limit you to the amount stated. You can make a counter offer based on your research and finding out the reasons behind the sale. Look for other comparable properties and the amount they have sold for regarding price per square foot.
A new building does not leave much leeway for negotiation especially if the developer thinks other buyers are looking for such a property. It is important to find out how long the property has been in the market, the number of views it has had in the past and if there is a seller chain. A property may be in the market for a long time if the asking price is rather high or there are legal or other issues with the property. All such factors indicate how serious the seller is about selling the property while providing a reasonable ground for you to negotiate the price.
Most sellers know that buyers don’t accept the asking price from the outset hence allow room for negotiation. You don’t want to offer a price that is too low as it may annoy the seller, especially if you are competing with other buyers. If the property is popular, you want to avoid making high offers as buyers are often pushed into sealed bids. It is because buyers make confidential bids on the property. You also don’t want to get carried away and overstretch with an offer that exceeds what you can afford. So, have a budget and stick to it.
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Richmond Ave Medford Ny 11763
$549,000
Listed By Laura Kraker, Exit Realty Achieve
3
MLS#
3410747
Welcome to 137 Richmond Blvd a Beautiful Expanded Ranch with Many Surprises! This Charmer was Purchased Fully Renovated in 2019 and has since had many Additional Updates and Upgrades including a New Heating System, New Central Air and New Cesspool Lines. Situated on Sprawling beautifully manicured .62 Acres Boasting an In Ground Swimming Pool with Fully Fenced around the Perimeter, a Paver Patio for Outdoor Dining and Ample of Space for Outdoor Entertaining. This Special Home Features a Living Room, Formal Dining Room with Custom Built In Wall Unit, Updated Kitchen with Stainless Appliances, a Sunken Den with Sliders Leading to the Back Yard, Primary Bedroom w/Full Bath, Two Additional Bedrooms and Second Full Bath, and one Car Attached Garage. Head Down Stairs to the Full Finished Basement of 900 sq ft with Five Egresses and Featuring a Full Bath and separate Laundry Room Area, Storage Room and Utilities Room. Room for Extended Family. *An Absolute Must See!!!
Compare To Nearby Cities
- Some homes get multiple offers.
- The average homes sell for about 7% above list price and go pending in around 27 days.
- Hot homes can sell for about 16% above list price and go pending in around 14 days.
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 17 days.
- Hot homes can sell for about 9% above list price and go pending in around 12 days.
- ~$800K Offer4Beds, 2Baths, Sq. Ft.MultifamilyWinning OfferDown Payment~30%
There were 30 offers total on the home. Buyer was able to win by coming in over ask and waiving inspection and appraisal contingency.
Jessica Oelcher
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Why Buying A Multifamily Property Is A Great Investment
Venturing into real estate makes an excellent alternative for investors looking for tangible assets. It is also a better investment for investors who want to have an active role in growing their capital instead of passive management of their estates. Rental properties are the most preferred investment strategy for investors looking for additional sources of income while growing their portfolio.
Residential real estate is classified into two single family units and multi-family units. Single-family units are properties that have one unit available for rent while multi-family properties have more than one rental space. The latter requires a considerable capital investment but presents lots of advantages to investors. The discussion gives a detailed overview of investing in multi-family units.
Medford Homes For Sale
Medford Home for Sale:
Beautifully Landscaped 3 Bedroom Ranch with Finished Basement with separate entrance. Home has a Large Driveway can fit 5 Cars. Backyard has large shed, great deck for entertaining and huge yard like a park. A must see will not last!
Medford Home for Sale:
Welcome Home! To your new home located close to all in Old Medford, Features Wood floors, – Wood Burning Fire place, CAC, Portable House Generator Hook Up ready to go. Upgraded electric, High Hats Galore, Dimmable on porch, Gas Cooking and Cloths Dryer, Newer Septic System-2 pools, IG sprinkler system with bonus garden sprays, In Ground Pool with Newer Liner, Loop Lock cover and filter surrounded by Large cement patio, Maintained by Pool Company. Anderson Windows thru out, 2 sheds, Fully Fenced Pool separate from Fenced yard. Great Yard For Entertaining, Bonus: Solid Wood Doors Thru Out, Pull Down Attic in Garage, Leaf Filter Gutters. Just Unpack and Relax!!!! Taxe
Medford Home for Sale:
New Raised Ranch with Cathedral ceilings, living room with fireplace, formal dining room, eat in kitchen, master suite, 2 bedrooms, great room, full bath,
Medford Home for Sale:
New Raised Ranch with Cathedral ceilings, living room with fireplace, formal dining room, eat in kitchen, master suite, 2 bedrooms, great room, full bath,
Medford Home for Sale:
Medford Home for Sale:
Medford Home for Sale:
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Multi Family Homes For Sale In Long Island
There are currently 414 multi family homes for sale in Long Island at a median listing price of $799K. Some of these homes are “Hot Homes,” meaning they’re likely to sell quickly. Most homes for sale in Long Island stay on the market for 36 days and receive 1 offers. Popular neighborhoods include East Rock, The Hamptons, Rowayton, Black Rock, and Fire Island Pines. This map is refreshed with the newest listings in Long Island every 15 minutes.
In the past month, 2419 homes have been sold in Long Island. In addition to houses in Long Island, there were also 1168 condos, 47 townhouses, and 243 multi-family units for sale in Long Island last month. Find your dream home in Long Island using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Long Islandare local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Long Island. If you’re looking to sell your home in the Long Island area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Long Island with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.
What Is The Average Price Per Square Foot Of A Home In Medford
The average price per square foot of a home in Medford is$292. Breaking down by housing type, the average price per square foot is:
- Single-family Homes: $288
- Condos: $325
In the past month, 20 homes have been sold in Medford. In addition to houses in Medford, there were also 7 condos and 40 single-family homes for sale in Medford last month. Find your dream home in Medford using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Medford are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Medford. Our Medford real estate stats and trends will give you more information about home buying and selling trends in Medford. If you’re looking to sell your home in the Medford area, our listing agents can help you get the best price. Prevu is redefining real estate and the home buying process in Medford with industry-leading technology, full-service agents, and lower fees that provide a better value for Prevu buyers and sellers.
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How To Finance The Investment
Financing options depend on whether the buyer intends to occupy one of the multi-family units or not. A multifamily financing mortgage is specially designed to help first-time real estate developers and seasoned professionals purchase or refinance small multi-family units , as well as large apartment buildings with many units. There are four types of multi-family financing options available to developers looking to buy or renovate 2-20 units:
- Conventional mortgage
- Portfolio loans
Medford Ny Real Estate & Homes For Sale
- Brokered byRealty Connect USA L I IncNew
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Medford Ma Housing Market Overview
Browse 11 homes for sale in Medford, MA. View properties, photos, and nearby real estate with school and housing market information. The inventory of homes for sale in Medford, MA between April 2022 and May 2022 increased by 11.9%. In May 2022, listings were on the market for 13 days. During the same period, the median list price in this real estate market was $750,000. In May 2022, from all listings sold in Medford, MA there were more than 44 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price.
From Rocket Homes Real Estate and based on county public records data.