Michael Mahoney - Boston Realtor with Century 21
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.


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  1. Photo of 90 Sea St., Unit 224, Weymouth, MA 02191 (MLS # 72592767)
    32
    2 beds,  1 full bath
    785 sqft  
    Walk Score® 75
    Listed with Success! Real Estate
    MLS 72592767
  2. Photo of 881 Main St, Unit 11, Walpole, MA 02081 (MLS # 72600571)
    14
    2 beds,  1 full bath
    846 sqft  
    Walk Score® 63
    Listed with Coldwell Banker Residential Brokerage - Westwood
    MLS 72600571
  3. Photo of 232 Canton Street, Unit 211, Randolph, MA 02368 (MLS # 72616360)
    11
    2 beds,  1 full bath
    1,030 sqft  
    Walk Score® 9
    Listed with Keller Williams Realty
    MLS 72616360
  4. Photo of 250 Neponset St, Canton, MA 02021 (MLS # 72616293)
    3
    1 bed,  1 full bath
    515 sqft   lot 5,184 sqft
    Walk Score® 44
    Listed with LAER Realty Partners
    MLS 72616293
  5. Photo of 27 Worsted St, Unit 3A, Franklin, MA 02038 (MLS # 72618607)
    18
    2 beds,  1 full bath
    668 sqft  
    Walk Score® 52
    Listed with United Brokers
    MLS 72618607
  6. Photo of 22 Quarry Ave, Weymouth, MA 02189 (MLS # 72619703)
    4
    1 bed,  1 full bath
    556 sqft   lot 7,516 sqft
    Walk Score® 43
    Listed with Keller Williams Realty Signature Properties
    MLS 72619703
  7. Price Drop
    2 beds,  1 full bath
    1,108 sqft   lot 12,707 sqft
    Walk Score® 18
    Listed with Berkshire Hathaway HomeServices Evolution Properties
    MLS 72620220
  8. Photo of 159 Bittersweet Ln, Unit 114, Randolph, MA 02368 (MLS # 72633304)
    8
    1 bed,  1 full bath
    660 sqft  
    Walk Score® 40
    Listed with Advanced Realty Company
    MLS 72633304
  9. Photo of 1810 Franklin Crossing Rd, Unit 1810, Franklin, MA 02038 (MLS # 72639760)
    13
    3 beds,  1 full bath
    1,123 sqft  
    Walk Score® 46
    Listed with Vesta Real Estate Group, Inc.
    MLS 72639760
  10. Photo of 108 Milford Street, Unit 2, Medway, MA 02053 (MLS # 72640648)
    26
    2 beds,  1 full bath
    1,541 sqft  
    Walk Score® 16
    Listed with Berkshire Hathaway HomeServices Page Realty
    MLS 72640648
  11. Photo of 31 Cocasset Street, Unit 7, Foxboro, MA 02035 (MLS # 72636581)
    11
    2 beds,  1 full bath
    795 sqft  
    Walk Score® 55
    Listed with Keller Williams Elite - Sharon
    MLS 72636581
  12. Photo of 8 Jackson St, Unit B1, Quincy, MA 02169 (MLS # 72640311)
    4
    2 beds,  1 full bath
    610 sqft  
    Walk Score® 84
    Listed with Keller Williams Realty Boston-Metro | Back Bay
    MLS 72640311
  13. Photo of 43 Mccormick Ter, Unit 55, Stoughton, MA 02072 (MLS # 72645909)
    8
    2 beds,  1 full bath
    965 sqft  
    Walk Score® 59
    Listed with Crimmins Real Estate
    MLS 72645909
  14. Photo of 573 Broad St, Unit 226, Weymouth, MA 02189 (MLS # 72645827)
    25
    2 beds,  1 full bath
    856 sqft  
    Walk Score® 48
    Listed with Clockhouse Realty
    MLS 72645827
  15. Photo of 21 Mount St, Franklin, MA 02038 (MLS # 72647415)
    14
    Price Drop
    2 beds,  1 full bath
    884 sqft   lot 1.64 ac
    Walk Score® 1
    Listed with LAER Realty Partners
    MLS 72647415
  16. Photo of 55 Will Dr, Unit 158, Canton, MA 02021 (MLS # 72646256)
    28
    1 bed,  1 full bath
    757 sqft  
    Walk Score® 20
    Listed with Keller Williams Realty Boston-Metro | Back Bay
    MLS 72646256
  17. Photo of 18 Fountain Ln, Unit 8, Weymouth, MA 02190 (MLS # 72659994)
    17
    0 beds,  1 full bath
    476 sqft  
    Walk Score® 70
    Listed with Barry Realty
    MLS 72659994
  18. Photo of 8 Tara Dr, Unit 1, Weymouth, MA 02188 (MLS # 72657488)
    11
    1 bed,  1 full bath
    626 sqft  
    Walk Score® 39
    Listed with Amaral & Associates RE
    MLS 72657488
  19. Photo of 62 Indian Run Road, Bellingham, MA 02019 (MLS # 72658556)
    2
    3 beds,  1 full, 1 half baths
    1,728 sqft   lot 10,650 sqft
    Walk Score® 10
    Listed with Realty Concierge International
    MLS 72658556
  20. Photo of 573 Broad, Unit 335, Weymouth, MA 02189 (MLS # 72658447)
    19
    2 beds,  1 full bath
    838 sqft  
    Walk Score® 48
    Listed with RE/MAX Realty Pros
    MLS 72658447
  21. Photo of 89 Pleasant St, Unit C10, Medfield, MA 02052 (MLS # 72658199)
    11
    2 beds,  1 full bath
    830 sqft  
    Walk Score® 65
    Listed with Coldwell Banker Residential Brokerage - Westwood
    MLS 72658199
  22. Photo of 28 Fountain Ln, Unit 16, Weymouth, MA 02190 (MLS # 72660019)
    22
    0 beds,  1 full bath
    512 sqft  
    Walk Score® 70
    Listed with Barry Realty
    MLS 72660019
  23. Photo of 22 Nelson Dr, Unit 3H, Randolph, MA 02368 (MLS # 72659980)
    29
    2 beds,  1 full bath
    790 sqft  
    Walk Score® 60
    Listed with Vylla Home
    MLS 72659980
  24. Photo of 94 Highwood Dr, Unit 94, Franklin, MA 02038 (MLS # 72660285)
    24
    2 beds,  1 full bath
    985 sqft  
    Walk Score® 41
    Listed with Providence Real Estate Co.
    MLS 72660285
  25. Photo of 232 Canton St, Unit 206, Randolph, MA 02368 (MLS # 72661822)
    21
    Price Drop
    2 beds,  1 full bath
    1,030 sqft  
    Walk Score® 9
    Listed with Keller Williams Realty
    MLS 72661822
  26. Photo of 50 Webster St, Unit 103, Weymouth, MA 02190 (MLS # 72661316)
    18
    2 beds,  1 full, 1 half baths
    978 sqft  
    Walk Score® 53
    Listed with Keller Williams Realty Boston-Metro | Back Bay
    MLS 72661316
  27. Photo of 19 Fuller Road, Unit 2, Foxboro, MA 02035 (MLS # 72663565)
    32
    2 beds,  1 full bath
    935 sqft  
    Walk Score® 12
    Listed with Gerry Abbott REALTORS®
    MLS 72663565
  28. Photo of 14 Crystal Way, Unit 7, Bellingham, MA 02029 (MLS # 72663232)
    27
    2 beds,  1 full, 1 half baths
    1,040 sqft  
    Walk Score® 38
    Listed with RE/MAX Town & Country
    MLS 72663232
  29. Photo of 7 Tara Drive, Unit 8, Weymouth, MA 02188 (MLS # 72664268)
    20
    1 bed,  1 full bath
    634 sqft  
    Walk Score® 46
    Listed with www.EntryOnly.com
    MLS 72664268
  30. Photo of 115 Walnut St, Unit 2, Stoughton, MA 02072 (MLS # 72664062)
    10
    1 bed,  1 full bath
    504 sqft  
    Walk Score® 79
    Listed with eXp Realty
    MLS 72664062
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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