Hopkinton MA Condos ~ Just SOLD 4 Highcroft Way Hopkinton Massachusetts. Sold at $150,000 by Bill Gassett, RE/MAX Executive Realty.
This Hopkinton condo was certainly a unique opportunity that does not come along too often. This townhouse located at The Village at Highland Park in Hopkinton had a burst pipe in January which caused water damage throughout the unit. The townhome was sold "as is" which is not the norm when selling a property that has had water damage.
This situation created the perfect opportunity for someone to get into an awesome condo neighborhood and also have the chance to customize the home the way they wanted it completed. Almost like buying new construction!
As you can see in the pictures above, the condo will need a new kitchen, 1st floor plaster, trim, paint and floors. The 2nd floor will need some plaster work, flooring & some bath work. There is also a finished lower level with a full bath that will need carpet installation and the removal of mold.
The seller just wanted to move on withe her life and more than likely could have sold for more money. A rough estimate for finishing this condo was around $110,000. For around $260,000 the new owner is going to have a "like new" townhome! That is what I call instant equity.
The unit had a total of 6 rooms, 2 bedrooms, and 3.5 baths. There was 1828 square feet on the 1st two floors and about 300 additional square feet in the lower level. The condo fee is $593 per month. Some of the nice features include a large eat in kitchen, fireplaced family room with doors to private back yard, two very good size bedrooms and a nice master bath.
The Village at Highland Park has 26 units and is located off of Wedgewood Drive. It has easy access to highways and is also only located about a mile and a half away from the T station on the Southboro/Hopkinton line. As of October 2009, most of the condominiums in this neighborhood have a value between the lower 300's - $400,000.
Click the link to see the video tour of 4 Highcroft Way Hopkinton Massachusetts.
Thinking of selling your home in Hopkinton or other Metrowest town? Call or email me...I would welcome the opportunity to show you how my online marketing can get your home SOLD!
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About the author: The above information on 4 Highcroft Way Hopkinton was provided by Bill Gassett, a 
Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of Hopkinton MA and other Metrowest towns for the last 23+ Years.
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Bill - What a great opportunity for the new owner to have that instant equity scenario ! Congrats on the sale ! It looks like you are very busy - no surprise there !
Congrats Bill,
Equity,equity,equity.....great deals for that buyer....
Bill-Congrats on another great sale, the new owners certainly got into a great community at a great price.
Hi Bill! Congrats on both the Milford and the Hopkinton MA sales! You've proven once again, that you ARE the agent that gets the job done in your area!
Have a terrific Tuesday...
Bill - someone got a great deal and will have some fun creating their new home. Congratulations on finding a buyer willing and able to do this.
Jeff
Congratulations are in order Bill! That is what happens when a person lists with a professional and experienced agent like yourself.
Bill, curious whether the buyer obtained construction or rehab financing or if this was a cash situation? I'm beginning to push rehabl financing for many of the bank owned homes in our area-a few more hoops and more expensive terms but worth it if you don't have deep pockets.
Hi Bill...Well Done, is this what they call sweat equity for the Buyers :O)
Bill About 260K for a home that will be worth 300-400K - that is an excellent opportunity for the buyer Karen
Bill - Congratulations on this sale. The buyer got the property for a great price and with some work will be in excellent position. The seller also achieved her goal of getting out. Sounds like everyone was a winner.
Bill,
Congratulations on the sale. Both sides should be happy in this sale The buyer gets a bargain and the seller gets to move on with her life. Way to make it happen.
Have a great day
Leander
Right now I'll bet you're just loving saying "just sold" in this market...sounds wonderful to anyone with lots of listings.
Bill That is an extremely unique opportunity - doesn't happen too often Art
Hello Bill, you've done it again with putting a buyer into a great equity opportunity, and allowing the seller to move on as well. Great job! John
Bill - Those are challenges aren't they? They seem to gravitate toward me. I think there is a better sense of satisfaction selling a so-called "difficult" property. Great job!
Bill, you are just a busy little beaver. Congrats on your recent sales.
Congrats on your recent sales Bill. This condo presents a perfect opportunity for the buyer to customize to their liking and create instant equity.
Bill you are on fire. Two Closings in one week WOW keep it going. Maybe next week it will be three :) :)
Sold as is and was probably a great value to the buyer. I like your continued focus on SOLD homes in your area, good work!
Looks like a great, affordable conod.. Good for the buyer and I am sure they will enjoy this new home.