The average sale price for townhomes at Chestnut Ridge in Franklin, MA fell slightly in 2016.
The modest 1.4% decline for the year comes on the heels of three straight years of rising average sale prices at the popular Franklin condo community, so perhaps this will prove to be a mere pause in a continuing uptrend in sale prices there, rather than a significant change in direction for Chestnut Ridge home values.
Fewer condos sold compared to 2015
Sales volume at Chestnut Ridge tapered off as well in 2016.
However, the eight townhomes that changed hands at Chestnut Ridge during 2016 remained on par with annual unit sales for both 2013 and 2014. 2016 sales volume exceeded by far the depressed sales totals of 2010 through 2012 as the market struggled through the Great Recession during that time period.
Two associations at Chestnut Ridge
Two separate associations administer the Chestnut Ridge community.
The Chestnut Ridge I association handles the 56 condos built there in the late 1980s. The Chestnut Ridge II association guides life at the 75 Chestnut Ridge units built from the late 1990s into the early 2000s. The two associations operate independently under different by-laws, maintain separate budgets, and employ different professional management companies.
Highest priced sales for 2016
All three of the highest priced sales at Chestnut Ridge during 2016 offered a first floor master suite, something many of today’s condo buyers seek.
Follow the hotlink in the image above or in this sentence to access photos and details about the top three sales at Chestnut Ridge in Franklin, MA for 2016.
Two of these three top sales of the year were in Chestnut Ridge II. The free-standing townhome at 1 Willow Pond offered a lot of condo for the $455,000 purchase price: great privacy, a first floor master suite, a finished lower level and two additional bedrooms on the second floor. 4 Pear Tree sold for $399,000, the second highest price of the year at Chestnut Ridge. It also had a first floor master suite and enjoyed excellent interior cosmetics – truly move-in condition!
The third highest sale at Chestnut Ridge for 2016 was 10 Applewood Circle, one of my listings at Chestnut Ridge during the year.
This prime townhome sold for $365,000 and was essentially freestanding with a fully independent foundation; it was connected to another unit only by an extended roof. 10 Applewood offered one of the largest floor plans at Chestnut Ridge I. It had an upgraded tile and granite kitchen opening to a fireplaced family room. It also had a first floor master suite, and a large sunken living room and two additional bedrooms and a full bath on the second floor. The basement was huge and had a rec room, separate workshop and multiple storage areas.
Lowest sales for 2016 at Chestnut Ridge
The three lowest sales of the year at Chestnut Ridge were all in Chestnut Ridge I.
Follow the hotlink in the image above or in this sentence to access photos and details about the lowest three sales at Chestnut Ridge in Franklin, MA for 2016.
6 Magnolia Drive was an estate sale that entered the market during the summer of 2015 at way too high an asking price and ended up selling months later in 2016 for $283,500, the lowest sale of the year. Listed in July 2015, 6 Magnolia sat unsold for months as it went through a series of price adjustments before finally going under agreement in December of that year. The sale did not close until February 2016. This unit had the original kitchen and baths. It had a vaulted living room overlooked by a loft. It also had an attached den on first floor. The basement was unfinished.
5 Dogwood was a bank owned townhome when it sold in 2016 for the second lowest price of the year. It had failed to sell 2014 as a short sale seeking a price well above market. After the lender foreclosed and took title, the home relisted in early 2016. This home clearly benefited from the strong market conditions of 2016 because it sold quickly for $295,000, which was $10,000 above asking. The home needed extensive cosmetic freshening and had the original kitchen and baths.
8 Dogwood Circle sold for the third lowest price at Chestnut Ridge for 2016. This was another of my personal listings at Chestnut Ridge. 8 Dogwood sold for $322,500 in December 2016. This unit showed exceptionally well and had a cosmetically freshened kitchen, lots of hardwood floors and a first floor den.
Learn more about Chestnut Ridge
The Chestnut Ridge condominiums enjoy a great location in the Town of Franklin, Massachusetts. They are close to lots of shopping and services and have easy access to I-495. The townhome community has amenities that include a swimming pool and tennis courts and green, pleasant grounds. Have questions about Chestnut Ridge? Contact Warren Reynolds for answers and to tour homes for sale at these prime condos!
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You get more with Warren Reynolds than you do with other top real estate agents. You’ll find in Warren rare knowledge and experience dedicated to helping you achieve all the value that home brings. Warren has a law degree and 20+ years of home selling success in Massachusetts. — talk with Warren today! 508-561-6259
"We have now bought and sold five homes. By far, you have been the best realtor we have worked with. Your professionalism and knowledge are so valuable to your clients. You made this process so easy. "-CB
Make better decisions
and feel in control.
Did you know you can materially improve your home selling success by choosing your marketing agent and brokerage brand wisely? It’s true! A marketing agent with a sterling reputation, backed by a strong brokerage brand, will do wonders for the reception your home gets upon entry to market. Call Warren today! 508-561-6259
"As first time homebuyers we were fortunate to work with Warren. He was a great asset and sounding board. He always gave solid advice. Warren played a pivotal role in helping us negotiate with a difficult seller. We truly benefitted from having Warren in our corner and so will you." -JK
Maximize your home selling success.
Not only is Warren highly skilled and dedicated to protecting your best interests, he will be highly responsive to your needs! He CARES about his clients and is always, always there for them. Why not give it a try? Contact Warren now and see how well he takes care of you! – talk with Warren today! 508-561-6259
"I had many, many questions which Warren was always more than willing to answer with a never ending patience. Throughout the process Warren looked out for my best interest. I may have purchased a garden style condo but Warren treated me like I was purchasing a million dollar estate!" -MP
Get the attention you deserve.
Warren is a very creative real estate practitioner and he uses that creativity in ways that provide important advantages to clients. Creatively runs in Warren’s family! His uncle was Harnett T. Kane, an internationally-recognized investigative journalist and New York Times best-selling author of thirty books about the American South. Experience Warren’s refreshing difference today! 508-561-6259
"Your creative approach to all aspects of my move helped make the transition easy and pleasurable. You were recommended to me by a friend who appreciated your integrity, expertise, friendliness and conscientiousness - qualities that I have witnessed in abundance as we've worked together." -KB
Get creative with Warren.
Warren is a highly dedicated professional in all his real estate dealings. That means he will continue to serve you well, even when others would compromise on their commitments. Warren’s ultimate goals in business are better transactions and greater client satisfaction. Talk with Warren today! 508-561-6259
"As first time homebuyers we were fortunate to work with Warren. He was a great asset and sounding board. He always gave solid advice. Warren played a pivotal role in helping us negotiate with a difficult seller. We truly benefitted from having Warren in our corner and so will you." -JK
Maximize your home selling success.
All real estate agents are legally and ethically bound to be fiduciaries acting in their client’s best interests. His name stands for integrity and he takes his fiduciary duties to you very seriously. He’ll steadfastly put your interests first throughout your home purchase or sale – talk with Warren today! 508-561-6259
"Warren was always there for us. Throughout the process, Warren kept on top of all our concerns. Warren worked for us, and looked out for our best interest. He is a very professional and caring person." - BP
Feel safe and well taken care of.
Warren is a highly dedicated professional in all his real estate dealings. That means he will continue to serve you well, even when others would compromise on their commitments. Warren’s ultimate goals in business are better transactions and greater client satisfaction. His devotion to excellence can demonstrably improve your home buying and selling decision-making and, consequently, your experience of home ownership. Warren constantly stays current on the local housing inventory. And he is conversant with the broader market trends that affect home sales statewide link to Market Updates. Warren knows that the market knowledge he works so hard to maintain and his high standards of real estate practice help him achieve for you the lasting, true value of home ownership. Talk with Warren today! 508-561-6259
"Warren was the finest real estate agent we've ever worked with. This was evident to us in comparison to quite a few realtors we attempted to utilize, as they were not very helpful, understanding or willing to work with us based on our preferences." -SM
“If you think it’s expensive to hire a professional,
wait until you hire an amateur.” Red Adair
Did you know you can materially improve your home selling success by choosing your marketing agent and brokerage brand wisely? It’s true! A marketing agent with a sterling reputation, backed by a strong brokerage brand, will do wonders for the reception your home gets upon entry to market. Warren is known in the local brokerage community as a dependable, highly skilled professional who is a straight-shooter. Other agents like working with Warren because they know they can trust him to be a reliable partner in any transaction. And the Berkshire Hathaway HomeServices brand stands for sound decisions and extraordinary strength and stability. The “Forever Brand” brokerage created by Warren Buffet sets the standard for the real estate industry by focusing not on selling more homes, but rather on selling homes for more!Call Warren today! 508-561-6259
"As first time homebuyers we were fortunate to work with Warren. He was a great asset and sounding board. He always gave solid advice. Warren played a pivotal role in helping us negotiate with a difficult seller. We truly benefitted from having Warren in our corner and so will you." -JK
Maximize your home selling success.
Not only is Warren highly skilled and dedicated to protecting your best interests, he will be highly responsive to your needs! He CARES about his clients and is always, always there for them. In person, by phone, email or text, whenever you need him, you’ll get a prompt response from Warren! Warren’s clients rave about the high degree of consideration and attention they get from him. Why not give it a try? Contact Warren now and see how well he takes care of you! – talk with Warren today! 508-561-6259
"I had many, many questions which Warren was always more than willing to answer with a never ending patience. Throughout the process Warren looked out for my best interest. I may have purchased a garden style condo but Warren treated me like I was purchasing a million dollar estate!" -MP
Get the attention you deserve.
Warren is a very creative real estate practitioner and he uses that creativity in ways that provide important advantages to clients. Creatively runs in Warren’s family! His uncle was Harnett T. Kane, an internationally-recognized investigative journalist and New York Times best-selling author of thirty books about the American South. Warren employs his own creativity by producing compelling marketing, both in print and especially online! His www.02038.com, is a highly effective website promoting the wonderful lifestyle afforded by the Town of Franklin, MA. And his Market Updates content on Massachusetts real estate trends gives home buyers and sellers alike the context they need to make more informed decisions about their housing investments. Warren frequently uses his abilities to devise resourceful solutions to the diverse challenges that threaten to complicate most real estate transactions. Warren has made real estate his career and won many sales awards in his 20+ years in brokerage, including the highly prestigious Chairman’s Circle Gold Award and the elite Centurion Award. Experience Warren’s refreshing difference today! 508-561-6259
"Your creative approach to all aspects of my move helped make the transition easy and pleasurable. You were recommended to me by a friend who appreciated your integrity, expertise, friendliness and conscientiousness - qualities that I have witnessed in abundance as we've worked together." -KB
Get creative with Warren.
You get more with Warren Reynolds than you do with other top real estate agents. You’ll find in Warren rare knowledge and experience dedicated to helping you achieve all the value that home brings. Warren has a law degree and 20+ years of home selling success in Massachusetts. His legal knowledge and decades-long experience in putting — and keeping — real estate sales together give him a better handle on the legal, practical and emotional dynamics of the real estate transaction. Warren uses these skills to empower clients to achieve more! He often anticipates and resolves problems BEFORE they can become serious impediments. Enjoy the sense of trust, security and control that comes from having a highly skilled expert at your side — talk with Warren today! 508-561-6259
"We have now bought and sold five homes. By far, you have been the best realtor we have worked with. Your professionalism and knowledge are so valuable to your clients. You made this process so easy. "-CB
Make better decisions and feel in control.
All real estate agents are legally and ethically bound to be fiduciaries acting in their client’s best interests. But many agents give their fiduciary duties short shrift in their quest for the quickest and easiest path to a closing. Not Warren Reynolds! His name stands for integrity and he takes his fiduciary duties to you very seriously. He’ll steadfastly put your interests first throughout your home purchase or sale. This may make Warren work longer and harder for you than most other agents would. But ultimately, Warren’s diligence and attention to detail is his commitment to an experience that transcends the sale. He wants you to have the confidence and peace of mind that comes with having a true fiduciary protecting you. Discover the difference of working with an agent who does not view you as just another opportunity for a commission – talk with Warren today! 508-561-6259
"Warren was always there for us. Throughout the process, Warren kept on top of all our concerns. Warren worked for us, and looked out for our best interest. He is a very professional and caring person." - BP
Feel safe and well taken care of.