I believe for a 2B in my neighborhood, the condo rate is currrently in the 240K+ range, without any knowledge of the size. (Probably 50K less in Revere.) I don't expect my own apartment to sell for any less than 240K (if it were to be sold).
Hahhahahahahahaha!
t breathes
Hahahahahahahaha!
If we could buy a 2 BR condo in your neighborhood, or any neighborhood in Somerville (yes, this includes East Somerville) we would not be moving to Salem. We looked at a basement apartment in our neighborhood in a soulless cube building, ~900 sf, one 3x3 storage unit by the community washing machines, is was 278K.
There is not buying anything decent under 300K in Somerville. Stuff that's under 350K is pretty flawed/tiny as well. I'm not even talking about neighborhood, I think East Somerville will appreciate more than any other part of the city, if you're thinking about your investment. Just, you know, don't park your car there.
Well, I guess just because we couldn't find anything, doesn't mean it can't be found. But I don't think 240K in that hood is going to go very far. Certainly not to 2 BRs.
t /one real estate wonk's opinion