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DumplingKing1 t1_j7rbfg6 wrote

Realtor here - I’ve seen unreal returns for condos, especially 3-4 beds. A year ago I saw a condo that gained about $600k in value in a 5 year span in e cambridge. What you’ll find is 1-2 beds generally appreciate at a lower rate.

Biggest mistake families make when buying condos is not purchasing with enough room for growth. Make sure you have space for the kids plus yourself plus work at home space for at least the next 5 years.

You don’t want to be in a situation where you have to move after two years because you’ve run out of space. Good luck!

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some1saveusnow t1_j7shh4c wrote

Did that condo or building undergo serious reno?

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DumplingKing1 t1_j7spoh3 wrote

No, it was a desirably property that was well staged - there has been crazy appreciation in the past 5 years in Camberville. It was purchased for around $800k and sold for around $1.4M.

I see different examples all the time. I saw a multi that was purchased close to Union Sq purchased for around $500k that will now likely sell for around $1.6M.

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