Mary Foley Real Estate Inc.
Mary Foley Real Estate Inc.


Posted by Mary Foley Real Estate Inc. on 9/8/2020

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Common-interest housing includes individually owned spaces and common areas shared by all owners. The common areas can include clubhouses, landscaping, parking lots or pools. Multistory buildings share lobbies, stairwells, and elevators. Any community that shares property including single-family free-standing homes in developments, falls into the common-interest category. 

The two most familiar types of common-interest housing terms are condominiums (or condos) and townhomes (or townhouses). Although both belong in the category of common-interest housing, condos and townhouses may mean different things depending on regional or legal definitions.

The Difference

A condo is a shared building or group of buildings and common spaces in which housing units are owned individually. This could be a single unit within a tower building or a conjoined home having its own ground floor with exterior entry. Other homes in the condominium category include single-family cottages or even modular homes inside planned communities. When you purchase a condo, you own the unit itself while you are a co-owner of the common areas.

A townhome is a style of house that is connected to another structure on at least one side. It may be solely owned by an individual as part of a CID, part of a multi-family apartment dwelling, or individually owned without property in common. A true townhome is built with independent sidewalls that stand alone even if they touch the walls of another townhome. When you purchase a townhouse, you own the unit itself and whatever yard area is affiliated with it as you would with a detached single-family house.

While condominium units might incorporate elements like private outdoor spaces, individual ground-floor entry options or design elements that resemble those of a townhome, it is ownership that truly defines them. 

Homeowners’ Association 

All CID properties have a homeowners’ association (HOA) of some sort. While some are mainly hands-off with regard to individual units, others have specific regulations regarding renting, remodeling, and exterior décor. 

If you are trying to decide between purchasing a condominium or a townhouse, have your agent explain the differences in common ownership between them, and make certain to factor in the HOA fees to your monthly budget.




Tags: Condo   Buying a home   townhome  
Categories: Uncategorized  


Posted by Mary Foley Real Estate Inc. on 8/29/2020


11 Fernwood Dr, Leominster, MA 01453

Condo

$179,900
Price

4
Rooms
2
Beds
1/1
Full/Half Baths
REMODELED TWO BEDROOM TOWNHOUSE AT FOX MEADOW!! PET FRIENDLY WITH POOL AND TENNIS COURT ON PREMISES!! UPDATES INCLUDE KITCHEN CABINETS, COUNTERTOP, DISHWASHER, DISPOSAL, FLOORING & MORE. EXTERIOR COMPLETE WITH NEW WINDOWS, SIDING, ROOF, DECK AND SLIDING GLASS DOOR. FULL BASEMENT WITH WASHER AND DRYER INCLUDED. TWO ASSIGNED PARKING SPOTS IN FRONT OF UNIT. RULES AND REGULATIONS ARE ATTACHED.
Open House
No scheduled Open Houses

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Tags: Real-Estate   Condo   Leominster   01453  
Categories: New Homes  


Posted by Mary Foley Real Estate Inc. on 7/15/2020

This Condo in Malden, MA recently sold for $477,000. This Townhouse style home was sold by - Mary Foley Real Estate Inc..


25 Pebble Place, Malden, MA 02148

Condo

$475,000
Price
$477,000
Sale Price

6
Rooms
2
Beds
1/1
Full/Half Baths
Great move in ready townhouse in Malden's desirable Ledgewood Estates! Large unit featuring eat in kitchen/dining area complete with all appliances, convenient laundry room with washer and dryer included off kitchen. Large living room and half bath complete the second floor. On the third floor you'll find the master bedroom and a second good size bedroom and full bath. First floor has family room that can also be utilized as a den or combination den/home office. Private garage with interior access. Ample storage. Outdoor space includes balcony off the master bedroom as well as first floor slider to private patio. Very close to Oak Grove T station and bus stops. Professionally managed complex. Clubhouse with club room, exercise room and indoor pool.

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Tags: Real-Estate   Condo   Malden   02148  
Categories: Sold Homes  


Posted by Mary Foley Real Estate Inc. on 5/23/2020

This Condo in Lancaster, MA recently sold for $334,900. This Townhouse style home was sold by - Mary Foley Real Estate Inc..


43 Woods Ln, Lancaster, MA 01523

Condo

$334,900
Price
$334,900
Sale Price

8
Rooms
2
Beds
2/1
Full/Half Baths
Welcome to 43 Woods Lane! Desirable Move In Ready *TWO CAR GARAGE END UNIT* at Lancaster Woods! Great commuter location located less than a minute from Route 2! Open concept floor plan features lovely kitchen with center island, stainless steel appliances & granite counter tops! Formal dining area features sliders to composite deck & backyard! Large living room great for entertaining & relaxing! Upstairs features HUGE Master Bedroom with cathedral ceilings, HUGE walk in closet & Master Bathroom! Spacious guest bedroom & guest bathroom. Convenient upstairs laundry. Large unfinished basement with plenty of storage space could easily be converted into additional living area! Central air will keep you cool in the summertime! Take advantage of the condo lifestyle… Once this is home, you'll never leave!






Tags: Real-Estate   Condo   Lancaster   01523  
Categories: Sold Homes  


Posted by Mary Foley Real Estate Inc. on 11/18/2019

This Condo in Ayer, MA recently sold for $245,000. This Townhouse style home was sold by - Mary Foley Real Estate Inc..


55 Littleton Road, Ayer, MA 01432

Ayer

Condo

$245,000
Price
$245,000
Sale Price

5
Rooms
2
Beds
1/1
Full/Half Baths
Beautiful Townhouse Condominium in sought after Nashoba Village. This oversized 2 BR unit shows pride in ownership with modern upgrades. Open kitchen with newer stainless steel appliances, breakfast bar next to dining area with a slider onto the patio! The warm and inviting living room is open and bright. Finished basement area is a bonus++ 1/2 Bath on first level and a full Bath upstairs in Master Suite. Forced Hot Air Gas Heat and Central AC. New roof and sidewalk in 2019. Pets allowed with condo guidelines and playground on site! A must see! Some notice needed as elderly parents live in home.

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Tags: Real-Estate   Condo   Ayer   01432  
Categories: Sold Homes