Welcome to 166 Village St Medway MA, an exceptional property nestled in the heart of Medway, Massachusetts. This remarkable address offers a unique blend of history, charm, and modern amenities, making it an ideal choice for discerning homeowners and investors alike.
As we delve into the details of this exceptional property, you will discover its captivating features, the vibrant community that surrounds it, and the myriad of opportunities it presents. Join us on a journey to explore the essence of 166 Village St Medway MA.
Location and History
166 Village Street is situated in Medway, Massachusetts, a town located approximately 25 miles southwest of Boston. The property is nestled within a residential neighborhood characterized by single-family homes and tree-lined streets.
The history of the property dates back to the early 19th century, when it was part of a larger farm owned by the Daniels family. In the mid-19th century, the land was subdivided, and the house at 166 Village Street was constructed around 1850. The property has since been owned by several families and has undergone various renovations and additions over the years.
Architectural Style
The house at 166 Village Street is a classic example of Greek Revival architecture, a style popular in the United States during the 19th century. The house features a symmetrical facade with a central portico supported by Doric columns. The exterior is clad in clapboard siding and adorned with decorative trim, including pediments and dentils.
Property Details
166 Village Street in Medway, Massachusetts is a charming single-family home offering a blend of classic character and modern amenities. With its spacious layout, desirable features, and convenient location, this property presents an exceptional opportunity for homeownership.
The home boasts a generous living area of approximately 2,400 square feet, spread across three levels. The main level features a welcoming foyer, a formal living room with a cozy fireplace, a formal dining room perfect for entertaining, and a well-equipped kitchen with ample storage and counter space.
Bedrooms and Bathrooms
The upper level of the home is dedicated to sleeping quarters, featuring four generously sized bedrooms, including a primary suite with a private bathroom and walk-in closet. The remaining bedrooms share two full bathrooms, providing ample space and privacy for family and guests.
Additional Features and Amenities
- The lower level offers a finished basement with a family room, an additional bedroom or office space, and a full bathroom, expanding the living space and providing versatility.
- The property is situated on a sizable lot, offering a private backyard with a deck, perfect for outdoor relaxation and entertaining.
- The home is equipped with central air conditioning and a two-car garage, ensuring comfort and convenience for its occupants.
Unique Aspects
One of the most notable features of this property is its charming curb appeal. The exterior of the home exudes character with its classic brick facade, white trim, and a welcoming front porch. The mature trees and manicured landscaping further enhance the property’s aesthetic appeal.
Additionally, the home’s flexible layout allows for various customization options. The finished basement provides the potential for additional living space, a home office, or a guest suite, catering to the diverse needs of homeowners.
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Community and Neighborhood: 166 Village St Medway Ma
166 Village Street is situated in a vibrant and friendly neighborhood in Medway, Massachusetts. The area boasts a diverse community with a strong sense of belonging.
The neighborhood is primarily residential, featuring a mix of single-family homes, townhouses, and apartments. Residents enjoy a peaceful and family-oriented atmosphere, with well-maintained streets and sidewalks. The neighborhood is also home to several parks and green spaces, providing ample opportunities for outdoor recreation and relaxation.
Demographics
According to recent census data, the neighborhood surrounding 166 Village Street has a population of approximately 2,500 residents. The median age is 38 years old, and the majority of the population is married with children. The area is known for its high level of education, with over 80% of residents holding at least a bachelor’s degree.
Amenities
The neighborhood is well-served by a variety of amenities. Residents have easy access to grocery stores, pharmacies, banks, and other essential services. There are also several restaurants, cafes, and shops within walking distance. For larger shopping and entertainment options, the nearby town of Milford offers a wide selection of malls, movie theaters, and cultural attractions.
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Lifestyle
The neighborhood offers a relaxed and comfortable lifestyle. Residents enjoy a strong sense of community and often participate in neighborhood events and gatherings. The area is also popular with families, as it offers excellent schools, parks, and recreational facilities. With its convenient location and friendly atmosphere, the neighborhood surrounding 166 Village Street is an ideal place to call home.
Market Analysis
Medway, Massachusetts, presents a thriving real estate market characterized by steady growth and a diverse range of properties. The town offers a unique blend of suburban charm and urban convenience, attracting both families and professionals alike.
Recent market trends indicate a consistent increase in home values, driven by strong demand and a limited supply of available properties. Comparable properties in the area have experienced significant appreciation in recent years, further solidifying Medway’s position as a desirable location.
Median Home Prices
The median home price in Medway currently stands at approximately $525,000, representing a steady increase from previous years. This growth reflects the town’s desirability as a residential destination, with its excellent schools, abundant amenities, and close proximity to major employment centers.
Property Appreciation, 166 village st medway ma
Over the past five years, property values in Medway have experienced an average annual appreciation rate of approximately 5%. This consistent growth is attributed to the town’s strong economic fundamentals, its high quality of life, and its limited availability of developable land.
Comparable Properties
Comparable properties in the area provide valuable insights into the current market conditions. A recent sale of a four-bedroom, two-bathroom home with a spacious backyard in a desirable neighborhood fetched a price of $550,000, demonstrating the strong demand for family-friendly properties.
Potential Uses
The property at 166 Village Street, Medway, MA, offers a range of potential uses, catering to both residential and commercial endeavors. Its versatile layout and prime location make it suitable for various purposes, ensuring its adaptability to evolving needs.
Residential options include converting the property into a single-family home, providing ample space and privacy for families or individuals seeking a suburban lifestyle. The property’s spacious rooms and potential for expansion allow for customization to suit specific living preferences.
Commercial Applications
The property’s proximity to major transportation routes and commercial hubs makes it an attractive option for commercial ventures. Its visibility and accessibility offer businesses a strategic location to reach a wide customer base.
- Office Space:The property’s ample square footage and flexible layout can accommodate various office configurations, creating a professional and functional workspace for businesses of all sizes.
- Retail Store:The ground-floor level offers excellent visibility and accessibility, making it suitable for retail businesses seeking a high-traffic location. The open floor plan allows for customizable displays and merchandising.
- Medical or Professional Services:The property’s proximity to residential areas and healthcare facilities makes it an ideal location for medical or professional services such as clinics, dental practices, or counseling centers.
Ultimately, the potential uses for 166 Village Street, Medway, MA, are limited only by the imagination and creativity of prospective buyers. Its adaptability and prime location make it a valuable asset for residential living, commercial endeavors, or a combination of both.
Investment Opportunities
Investing in 166 Village Street, Medway, MA presents compelling opportunities for discerning investors. The property’s strategic location, desirable amenities, and strong rental market make it an attractive proposition for both long-term appreciation and short-term cash flow.
Rental Market
The Medway rental market has consistently outperformed regional averages, driven by a combination of strong demand and limited supply. The property’s prime location within walking distance of local amenities and transportation hubs makes it highly sought after by tenants. With a diverse tenant base ranging from families to young professionals, the property offers a stable and reliable rental income stream.
Appreciation Potential
The Medway real estate market has experienced steady appreciation over the past decade, outpacing national averages. The town’s strong economic indicators, including a low unemployment rate and a growing population, contribute to the property’s long-term appreciation potential. Additionally, the property’s recent renovations and upgrades further enhance its value and desirability.
Other Investment Considerations
Beyond rental income and appreciation potential, 166 Village Street offers several other investment considerations:
- Tax Benefits:Investors may be eligible for various tax deductions and incentives associated with owning and operating a rental property.
- Property Management Services:Professional property management services can be easily outsourced, allowing investors to minimize the time and effort required to manage the property.
- Diversification:Investing in real estate provides diversification benefits within an investment portfolio, reducing overall risk.
In conclusion, 166 Village Street, Medway, MA offers a compelling investment opportunity for those seeking a combination of rental income, appreciation potential, and tax benefits. The property’s strong rental market, desirable amenities, and strategic location make it an attractive investment for both seasoned investors and those looking to expand their real estate portfolio.
Final Wrap-Up
In conclusion, 166 Village St Medway MA stands as a testament to the harmonious fusion of history, comfort, and potential. Its prime location, exceptional amenities, and diverse usage prospects make it a compelling choice for those seeking a residence or an investment opportunity.
We invite you to schedule a viewing and experience firsthand the allure of this extraordinary property.
FAQ Guide
What is the historical significance of 166 Village St Medway MA?
166 Village St Medway MA has a rich history dating back to the 18th century. It was originally part of a larger estate owned by the prominent Draper family, who played a significant role in the development of Medway.
What are the key features of 166 Village St Medway MA?
166 Village St Medway MA boasts a spacious layout with multiple bedrooms and bathrooms, a gourmet kitchen, a formal dining room, and a cozy living room. The property also features a private backyard, a two-car garage, and a charming front porch.
What is the surrounding neighborhood like?
166 Village St Medway MA is situated in a desirable neighborhood known for its tree-lined streets, historic homes, and friendly community. The area offers a range of amenities, including shops, restaurants, and parks.
