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Posted by Bo Lee on 4/4/2021

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When it comes to homeowner’s associations, you need to know what type yours is before you determine whether to “join” it. There are two types of associations, covenant-based and voluntary. When homeowners ask about requirements to join a homeowner’s association, they may believe it is optional, but if our association is covenant-based, you have automatic membership by virtue of being a property owner.

Here’s How They Work

A voluntary association is a group of property owners that collectively decide how to improve their neighborhood. By the time you move into the neighborhood, the HOA may be well-established, so you’re not aware of how it started. Such HOAs are more similar to neighborhood improvement clubs, local sports team sponsors and other folks that join in order to develop a sense of community.

A covenant-based HOA is a contract that is part of the land purchase agreement within a development. That means that all property owners automatically must retain membership and that agreement is binding on all future owners within the specified development.

Future Owners

You might question how a contract is binding on future owners, but in the case of a covenant-based homeowner’s association, the covenant “runs with” the property as recorded in the county land records office. The document that spells out the covenants attaches to the property deed. When you buy a lot or home in the development, the original deed and any liens or covenants that attach to it become your responsibility.

Often, the original developer set up and controlled the association until the last piece of land sold or a sufficient number of homes sold so that the running of the association could transfer to the owners. Typically, these determinations are part of the original covenant documents filed with the county records. HOAs run by a board of elected owners from within the development. Unlike a voluntary association, renters or leaseholders cannot become members even though they are bound by the rules and conditions of the association.

Know Which Type It Is

Before you choose to purchase a home in a neighborhood with an association, learn whether it is voluntary or covenant-based. Ask to see copies of the covenants, conditions and rules (CC&Rs) before you commit to purchasing in that development. Your real estate agent can write a contingency into your purchase contract to require approval of the CC&Rs if you’re concerned about living within the HOA.




Tags: Real Estate   hoa  
Categories: Homebuyer  


Posted by Bo Lee on 3/5/2021

This Condo in Berlin, MA recently sold for $435,000. This Townhouse style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


27 Brook Ln, Berlin, MA 01503

Condo

$429,900
Price
$435,000
Sale Price

7
Rooms
2
Beds
2/1
Full/Half Baths
Meadowbrook's 55+ community finest unit was chosen by the original owners for its location overlooking the hill with flowering dogwood trees. Walk into the soaring 18' foyer and see why this unit is so special. Plenty of open space with natural sunlight flowing throughout this spacious townhome. The living room has 18' cathedral ceilings with a gas fireplace, recessed lights. All new stainless steel appliances in an open kitchen with Corian counters & breakfast nook. The second floor has a loft with an additional bedroom and a bath. Pride of ownership shows throughout with upgraded Berber carpet, First-floor master bedroom with trey ceiling, walk-in closet, soaking tub (never used), separate shower. New roof. New hot water heater. Enjoy community activities; Annual cookout, monthly breakfast outings for men, lunch outing for women. Plenty of storage and closet space, full basement, walk out. Docs attached. Ready for a quick closing. Showing begins Dec. 20th, Open House Noon-2






Tags: Real Estate   Condo   Berlin   01503  
Categories: Sold Homes  


Posted by Bo Lee on 1/12/2021

This Condo in Ashland, MA recently sold for $495,000. This Townhouse style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


57 America Blvd., Ashland, MA 01721

Condo

$475,000
Price
$495,000
Sale Price

6
Rooms
2
Beds
2/1
Full/Half Baths
THIS WONDERFUL TOWNHOUSE has MANY FLEXIBLE LIVING AREAS! ***SPACIOUS & BRIGHT*** w/plenty of large windows that bring in lots of natural light. The main level includes a Kitchen w/plenty of wood cabinetry, s/s appliances, granite countertops & a center island. This opens to a Dining Area & Living Rm w/ hardwd floors, a bay window area & gas fireplace. The 2nd level includes the Master Bedrm w/ a "living room area", a flex-space that can be set up as an office area or sitting area. The Master Bathroom includes a double sink vanity, large jetted tub, shower stall & semi-private water closet. The 2nd Bedroom has plenty of room for your family or guests to enjoy, including it's own full bathroom. A 3rd level loft where you can set up your office/reading area/play space. The LL has another flex space for guests/den/gym. A well maintained & nicely landscaped neighborhood. A fine location to many conveniences- shopping, main routes & commuter T-station! LOW CONDO FEES IS A BONUS!






Tags: Ashland   Real Estate   Condo   01721  
Categories: Sold Homes  


Posted by Bo Lee on 1/5/2021

This Single-Family in Holliston, MA recently sold for $625,000. This Colonial,Multi-Level style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


22 Westfield Drive, Holliston, MA 01746

Single-Family

$595,000
Price
$625,000
Sale Price

9
Rooms
4
Beds
3
Baths
MANY IMPROVEMENTS have been created over the years in this Wonderful Home in the popular Queens Neighborhood! TWO LARGE ADDITIONS: A Huge Family Rm & a Master Bedrm Ensuite. All exterior siding, interior moldings + doors were replaced! THREE FULL BATHROOMS have been upgraded! HARDWOOD FLOORS through-out all 3 levels, including the bedrooms. Ceramic tile flooring in the Foyer, Kitchen, Bathrooms & Laundry area. The Kitchen includes plenty of wood cabinetry, a walk-in pantry, new quartz countertops, new backsplash & a double oven! Open from the Kitchen is a BEAUTIFUL OPEN CATHEDRAL BEAMED FAMILY ROOM w/ radiant heat wood flooring, large sliders to the patio and an expansive flat backyard. The expanded Master Bedrm includes a Full Bathroom, a walk-in California Closet, bay window & a spacious Office/Craft Room/Reading area. GREAT LEVEL LOT- borders conservation land + babbling brook. This family of six has enjoyed this home & neighborhood for 37 years! READY FOR A NEW FAMILY TO ENJOY!

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Categories: Sold Homes  


Posted by Bo Lee on 11/24/2020

This Condo in Marlborough, MA recently sold for $185,000. This Townhouse style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


45 Boston Post Road E, Marlborough, MA 01752

Condo

$170,000
Price
$185,000
Sale Price

4
Rooms
2
Beds
1
Baths
LOOKING FOR A TOWNHOUSE STYLE HOME FOR UNDER $200K? This wonderful Townhouse is ready for you to move right in! Recent new flooring installed- appealing wall to wall carpet and wood-style laminate! The kitchen and bathrooms have been nicely freshened up! The kitchen has newly painted cabinetry + hardware, new countertop and flooring. The bathroom includes a new vanity, toilet, lighting fixture, mirror, storage cabinet and flooring. Spacious living room and bedrooms. The laundry is conveniently located just one level to the basement. The exterior, grounds and parking lot have all been spruced up with new awnings, nicely paved front and back parking lots, and neatly landscaped grounds with new fencing. Great location with many amenities near by- shopping, great restaurants, the Marlborough Country Club and conveniences to Rt. 20, 85 and 495! Great home or investment!

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Tags: Real Estate   Condo   Marlborough   01752  
Categories: Sold Homes  




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