Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Condos Under $225,000 in Norfolk County with Low Downpayments

Condos Under $225,000 in Norfolk County with Low Downpayments

I was recently exploring apartment rentals with a client in the area. The going rate for an apartment in the area is $1800.

How Much Money You Need to Rent an Apartment in Norfolk County

If you were to lease an apartment for $1800/month you would most likely need to come up with approximately $6000 between the first and last months rent and the security deposit.

You Can Purchase a Home for with Only $5,000 in Deposit

In a recent transaction, we were able to get a buyer into a home they now own now for deposit of only $5000. This is less than purchasing. In the example below, we will show you what a purchase may look like for you.

If you were to purchase a condo for $225,000 and make a 5% deposit (Please note - we can negotiate deposits as low as 3.5% and for veterans, we can get you into a home for no money down). 

I did a quick comparison to see what you could purchase for $225,000.

In the example below, you purchase a condo for $225,000. You make a deposit of 3.5% which $7,350 almost equivalent to 1st, last and security. You obtain a mortgage at 4.5%* The taxes on the unit we made the example below were just under $2300. We can help you find a condo like this very easily. We can even find it closed to where you currently live.

You can book an appointment with us to get started and we will find you a home that is equal to or less than what you pay in rent now.

 

 

 

 

 

In the example below, you can live in your very own place for less than you pay to your landlord. 

Sample Mortgage Payment on a Condo Purchased for $225,000

 

*Please note that I am not a lender is this is not an offer to make a mortgage. This an example for illustration purposes. Rates will vary from lender to lender. If you are looking for mortgage rates and programs, here are some local mortgage partners who do a nice job with educating clients and working in their best interest

Jason Evans - Guaranteed Rate

Thea Simolari - The Mortgage Network

Glenn Cira - Guaranteed Rate

See Homes & Condos in Norfolk County for Under 2k Per Month Below

Here are some great condos under $225,000. We can help you find options equivalent to what you are paying in rent with low money down options.


Sorted by
1 - 30 of 21 | Previous Page 1 of 1 Next
  • List View
  • Grid View
  1. Photo of 59 Highland Glen Dr, Unit 328, Randolph, MA 02368 (MLS # 72471179)
    20
    Pre-Foreclosure
    or Short Sale
    2 beds,  1 full bath
    882 sqft  
    Walk Score® 57
    Listed with Coldwell Banker Residential Brokerage - Milton - Adams St.
    MLS 72471179
  2. Photo of 4 Oak Rd, Norfolk, MA 02056 (MLS # 72525987)
    4
    2 beds,  1 full bath
    836 sqft   lot 8,000 sqft
    Walk Score® 4
    Listed with Keller Williams South Watuppa
    MLS 72525987
  3. Photo of 1 School, Holbrook, MA 02343 (MLS # 72537628)
    9
    1 bed,  1 full, 1 half baths
    810 sqft   lot 2,520 sqft
    Walk Score® 52
    Listed with Aspire Realty, Inc.
    MLS 72537628
  4. Photo of 24 Cedar Sq, Unit 24, Millis, MA 02054 (MLS # 72564768)
    27
    2 beds,  1 full, 1 half baths
    1,892 sqft  
    Walk Score® 47
    Listed with RE/MAX Town & Country
    MLS 72564768
  5. Photo of 14 Sanford St, Unit 8, Medway, MA 02053 (MLS # 72571376)
    14
    Open House
    1 bed,  1 full, 1 half baths
    757 sqft  
    Walk Score® 24
    Listed with Parkway Real Estate, LLC
    MLS 72571376
  6. Photo of 57 Daniels St, Unit 3B, Millis, MA 02054 (MLS # 72572162)
    13
    Open House
    2 beds,  1 full bath
    675 sqft  
    Walk Score® 31
    Listed with Soundings Realty LLC
    MLS 72572162
  7. Photo of 41 Governor Ave, Bellingham, MA 02019 (MLS # 72589002)
    28
    2 beds,  1 full bath
    1,046 sqft   lot 10,598 sqft
    Walk Score® 70
    Listed with HomeSmart Professionals Real Estate
    MLS 72589002
  8. 2 beds,  1 full bath
    604 sqft   lot 17,468 sqft
    Walk Score® 80
    Listed with Realty World Related Realty Group
    MLS 72593577
  9. Photo of 10 Chapman St, Unit 105, Weymouth, MA 02189 (MLS # 72594654)
    19
    Open House
    1 bed,  1 full bath
    735 sqft  
    Walk Score® 37
    Listed with Keller Williams Realty
    MLS 72594654
  10. Photo of 275 Neck St, Unit A-4, Weymouth, MA 02191 (MLS # 72596912)
    11
    2 beds,  1 full bath
    840 sqft  
    Walk Score® 52
    Listed with Preferred Properties Realty, LLC
    MLS 72596912
  11. Photo of 10 Homestead, Unit 2, Quincy, MA 02169 (MLS # 72597737)
    14
    Price Drop
    2 beds,  1 full bath
    613 sqft   lot 5,227 sqft
    Walk Score® 50
    Listed with Century 21 Professionals
    MLS 72597737
  12. Photo of 6 Old Stone Way, Unit 5, Weymouth, MA 02189 (MLS # 72597896)
    16
    Open House
    1 bed,  1 full bath
    845 sqft  
    Walk Score® 45
    Listed with Coldwell Banker Residential Brokerage - Cambridge
    MLS 72597896
  13. 3 beds,  1 full bath
    936 sqft   lot 2,012 sqft
    Walk Score® 82
    Listed with Prime Time Realty Group, Inc.
    MLS 72602091
  14. Photo of 249 Forest Grove Ave, Unit 3, Wrentham, MA 02093 (MLS # 72603222)
    14
    2 beds,  1 full, 1 half baths
    1,044 sqft  
    Walk Score® 8
    Listed with William Raveis R.E. & Home Services
    MLS 72603222
  15. 3 beds,  1 full bath
    1,528 sqft   lot 5,400 sqft
    Walk Score® 54
    Listed with Mayflower Realty Group
    MLS 72606372
  16. Photo of 31 Elm St, Wellesley, MA 02481 (MLS # 72606345)
    22
    5 beds,  3 full baths
    2,673 sqft  
    Walk Score® 41
    Listed with Compass
    MLS 72606345
  17. Photo of 40 Highwood Dr, Unit 40, Franklin, MA 02038 (MLS # 72606927)
    27
    2 beds,  1 full, 1 half baths
    1,123 sqft  
    Walk Score® 50
    Listed with Circle 100 Real Estate Brokerage LLC
    MLS 72606927
  18. Photo of 29 Lakeview Avenue, Unit 29, Bellingham, MA 02019 (MLS # 72607872)
    18
    Open House
    2 beds,  1 full bath
    1,368 sqft  
    Walk Score® 0
    Listed with RE/MAX Executive Realty
    MLS 72607872
  19. Photo of 36 Greentree Ln, Unit 14, Weymouth, MA 02190 (MLS # 72608319)
    10
    Open House
    1 bed,  1 full bath
    680 sqft  
    Walk Score® 53
    Listed with Keller Williams Elite
    MLS 72608319
  20. 1 bed,  1 full bath
    691 sqft  
    Walk Score® 58
    Listed with Coldwell Banker Residential Brokerage - South Easton
    MLS 72609256
  21. Photo of 68 Highwood, Unit 68, Franklin, MA 02038 (MLS # 72609262)
    12
    2 beds,  1 full bath
    1,035 sqft  
    Walk Score® 41
    Listed with ERA Key Realty Services
    MLS 72609262
Previous Page 1 of 1 Next

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com