Medford

Today

While it certainly has long historical traditions, Medford also represents an up-and-coming city. Medford represents an extremely diverse community, with large ethnic neighborhoods and a wonderful atmosphere for families. It represents the home to Tufts University, a major international university with its renowned undergraduate curriculum and the Fletcher School of Law & Diplomacy.

Medford is also home to the Middlesex Fellsway, a beautiful conservation area on the outskirts of the city that provide natural habitats for walking, running, hiking, mountain biking, boating, etc.

Moreover, Medford Square has recently experienced a revitalization as gourmet restaurants and boutiques have invested in the area and created great foot traffic downtown.

In the next few years, the MBTA is considering plans to extend the Red Line subway service out to Medford, a project that could further invigorate the city and drastically improve property values, similar to the impact felt in Davis Square in Somerville. Medford's proximity to the city of Boston and its affordable housing makes it a very attractive option for those people who want to minimize their commutes but maximize the quality of their lives.

History

Medford, Massachusetts was founded in 1630 as the fourth oldest settlement in America. George Washington explored the city during the American Revolution and residents of Medford were awakened to Paul Revere's cries of "the British are coming." Medford also embraced the anti-slavery movement during the Civil War as the abolitionists Prince Hall and Lydia Maria Childs were residents of Medford while challenging to the institution of slavery.

Fannie Farmer, the modern-day Martha Stewart, also was a resident of Medford and developed a cooking school that taught many chefs the practice of food preparation. Furthermore, the former Governor of Massachusetts, John Brooks, was also a citizen of Medford and strong supporter of the city during his terms in the State House. Finally, the Christmas song "Jingle Bells" was composed in Medford by the composer James Pierpont.

Certainly, Medford has much to be proud of.

Real Estate

With interest rates so low and a strong demand for housing in Medford, Medford residents who own multifamily properties have tremendous options. As properties values continue to rise in Medford, however, multifamily homeowners may miss the window of opportunity to cash-in on their homes.

The MBTA could end its plans to expand the subway into Medford, interest rates could skyrocket, the economy could continue to falter, and the uncertainty surrounding the Presidential election in 2004 could cause a drastic drop in the real estate market. At the same time, the increasing cost of real estate has forced many homeowners in Medford to pay larger property taxes every year, a trend that will certainly continue in the near future.

Condo Conversion

With all of this uncertainty surrounding the future of the real estate market, condominium conversion can certainty alleviate all of these concerns for Medford homeowners.

Homeowners of who are seeking additional financial security should strongly consider converting their multifamily homes into condominiums. This process allows homeowners to sell off their condominium units to the many potential home buyers searching for housing in Medford.

The limited availability of housing in Medford makes condominiums quite an attractive option for potential buyers. As a result of this demand for condominiums, Medford homeowners who convert to condominiums can pay off their existing mortgages, generate immediate cash, and never deal with tenants ever again.

Certainly, condominium conversion presents a superb opportunity for Medford homeowners that they should certainly explore.

Contact Form

First Name:	*
Last Name:	*
Email Address:	*
Telephone Number:	- -
State of Residence:
Do You Currently Own a Multi-Family Home?	Yes No
Additional Questions or Comments:
* Indicates a Required Field