Hammond Residential Agents Set Record for Needham’s Highest Single-Family Transaction of $2,305,000 in 2014

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1408039629NEEDHAM, MA – Jim Nemetz, manager of Hammond Residential Real Estate’s Chestnut Hill office, recently announced that the Matt Montgomery Group was the listing team in connection with the $2,305,000 sale of 419 Charles River Street in Needham, the highest priced single-family transaction in Needham since the beginning of 2014 according to the Multiple Listing Service Property Information Network (MLSPIN). Ezra Stillman, also of Hammond’s Chestnut Hill office, represented the buyer in the transaction.

419 Charles River Street is a spectacular 7,800 square foot residence sited on 1.2 acres abutting the Ridge Hill Reservation. The house, which has seven bedrooms, five full bathrooms and two half-bathrooms, features a grand foyer, spacious family room, solarium, and expansive patio. The finished, walk-out lower level includes a custom 1200 bottle wine room with tasting area, spa-like bathroom, cherry paneled game room, custom full bar, and a top-of-the-line home cinema. Professionally designed landscaping with a paved parking area, electronic gate, and custom built lighting enhance the grounds. Additional high-end amenities include seven zones of hydro air, a whole house back-up generator, and an oversized three-car garage.

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The $2,305,000 sale of 419 Charles River Street is significant in that it is the first two-million dollar plus sale in the town of Needham in 2014. Needham is well-known for its ease of commutability to Boston, as it is located ten miles southwest of Boston via Route 95/128 and the Massachusetts Turnpike. In recent years, the Metrowest and Needham in particular, has experienced a boom in luxury residential development. According to MLSPIN data, the number of $2 million single-family closed sales more than doubled between 2012 and 2013.

Matt Montgomery said, “We were thrilled to close the highest sale in Needham in 2014. This was a truly amazing property and really shows the opportunity for buyers to find great values even in a hot market if they are willing to explore options that might not be obvious to everyone. It was a great example of Hammond at its best where our diligent effort to expose a Needham property into the rest of the Greater Boston high end market really paid off.”

The Matt Montgomery Group, led by Matthew Montgomery and Lauren Carroll, and their colleague Ezra Stillman of Hammond’s Chestnut Hill office are among the top residential real estate agents in Newton and Brookline. Said Jim Nemetz, manager of Hammond’s Chestnut Hill office, of the transaction: “The sale of this Needham estate truly represents agents at the top of their games using their incredible market knowledge as well as their negotiating and marketing skills to achieve a record sales price.”

About Hammond Residential Real Estate

Hammond Residential is headquartered in Chestnut Hill, and has three Boston locations and fourteen suburban branch offices. The company reports over two billion dollars in sales volume annually, ranking in sales volume among the top 500 firms in the United States, and as the sixth-highest in mean average sales price and the ninth-highest in sales volume per sales associate. Hammond is well-known as the publisher of the region’s finest magazines featuring local properties for sale, and is an independently owned and operated franchise company within the Real Living Real Estate franchise network. The Wellesley office is also the exclusive Regents representative of the Who’s Who in Luxury Real Estate network.

To learn more, please visit www.HammondRE.com.