Buying and Selling a home in the Greater Boston Area

Rent or Buy in Watertown MA - You be the Judge!

This week we are highlighting Watertown MA in our rent versus buy breakdown.

Whether you rent or buy a home does depend in large part on how long you anticipate staying in one area.  If you think you will be moving in less than a few years, it may make sense to rent. Otherwise, this rent versus buy analysis for Watertown may help you decide.

For Rent:  76 Poplar Street, Watertown

Rent: 2 bedroom/1 bath, 1200 sf at 76 Poplar Street is listed for $1,600 / month.  To rent, you would need $4,800 for the first, last and security or $6,400 for first, last, security and fee.          

                      For Sale:  62 Duff Street, Watertown

Buy:  2 bedroom/1 bath renovated condo with 1311 sf, central air, in unit washer/dryer and parking at 62 Duff Street, list price $289,000.  A 5% down payment would be $14,450 with a mortgage of $274,550, based on a 4% interest rate, condo fee and real estate taxes the monthly cost would be $1,880.67.

Watertown Rental: $1,600 / month versus Watertown Buy: $1,880 / month

See all the current listings for Watertown here: Avenue3 Property Search

And view all recent Watertown MA closings here:  Avenue 3 Sold Properties Search

Our advice? Be sure you look at your own situation, investigate the numbers and understand which alternative is right for you!  Rent versus buy.... 

 and here are the pending sales from 2/26-3/4 for Watertown and the other Greater Boston communities we track ...

  pending sales

Source:  MLSPIN

Rent or Buy in Waltham MA - You be the Judge 

This week we are highlighting Waltham MA in our rent versus buy breakdown.

Whether you rent or buy a home does depend in large part on how long you anticipate staying in one area. So, if you think you will be moving in less than a few years, it may make sense to rent. Otherwise, this rent versus buy analysis for Waltham may help you decide.

The Waltham real estate rental market shows 1-2 bedroom apartments coming in at $1,400 and higher. Let’s work with this new Waltham rental on Chestnut Street: 2 bedroom apt., 960 sf, listed for $1,700/month.  To rent, you would need $5,100 for the first, last and security or $6,800for first, last, security and fee. 

For Rent: Chestnut Street, Waltham Rental

For Sale: 36 Whitman Road, Waltham

Multiple Listing Service for Waltham MA shows this active condo on Whitman Road: 2 bedrooms, 1 full bath, 726 square feet, listed for $214,000.  A 5% down payment would be $10,700 with a mortgage of $203,300, based on a 4% interest rate, condo fee (includes heat and hot water) and real estate taxes the monthly cost would be $1,439.59.

Waltham Rental: $1,700 / month versus Waltham Buy: $1,439 / month...

Our advice? Look at your own situation, investigate the numbers and understand which alternative is right for you. If you'd like to have a conversation about this topic Contact Us, we'd love to hear from you and answer any of your questions.

Search for recent Waltham MA closings:  Avenue 3 Sold Properties Search

For a complete list of all the current/active listings in Waltham MA : Avenue3PropertySearch

 and here are the pending sales for Waltham and all the other communities we track weekly...

  pending sales

Source:  MLSPIN