109 Pleasantview Street, Roslindale is a great property listed at $399,900 but too many buyers have been fearful of buying it because it’s heated by oil so I’m here to provide some options for buyers. You might ask “Why doesn’t the seller convert from oil?” and the primary answer is that the seller is content with oil. The seller told me that she has always used oil to heat her homes and that she has no interest in converting to any other type of fuel source.
The seller uses Atlas Glen-mor’s Ceiling Price plan which caps the maximum price for which she pays for twelve months with the added opportunity to pay less than the capped price if the price of oil drops like it has this year. The seller told me that she pays $230 per month, every month, to Atlas Glen-mor for oil as part of the plan. She also told me that she received money back from Atlas Glen-mor two years ago because she had either used less oil or the price of oil had decreased from what her rate was set at or a combination of both instances. The seller of Pleasantview Street, in my observations, generally keeps the thermostat at 71 degrees when she’s at home which may be a higher temperature than most people keep their thermostat set at so other people, if those other people were also using Atlas Glen-mor’s Ceiling Price plan, may end up paying less than the $230 per month.
I spoke with a plumber named Desmond Queally and he thinks that it would cost approximately $3,500 to convert the existing heating system from oil to propane but he also thinks that it would be worth it, instead, to spend approximately $4,500 to have the existing heating system, although it’s in good shape, removed and a new heating system installed. The Commonwealth of Massachusetts’ Executive Office of Environmental Affairs tracks retail heating oil prices with the low price this week being $2.05 per gallon which is such a fantastic price. There’s a useful site, albeit dated, run by Energy Data, LLC located at NewEnglandOil.com that tracks oil prices for those that want to play the market in hopes of seeking outstanding oil deals. Mass Save provides useful information for anybody that’s interested in learning about potential rebates in converting or updating heating systems.
There are currently no natural gas lines located on that part of Pleasantview Street so natural gas may not be a viable option due to the expense of connecting the property to the gas line but I was told by a National Grid representative named John that there’s a natural gas main on the corner of Cummins Highway and Pleasantview Street and, more importantly, that there’s already natural gas service at 80 Pleasantview Street which is extremely close to 109 Pleasantview Street. The house currently uses propane as it’s fuel source for: the clothes dryer; the fireplace; the hot water tank and the stove. There is a propane tank located on the side of the house that you might notice behind the bushes in the accompanying picture and Osterman Propane is currently the supplier of the house’s propane needs.
Another option, the one that I like, it to convert the heating system from an oil system to an electric system, but I personally would only do that if I were to also install solar panels on the roof. As an aside, I currently do not advise that you lease solar panels from companies like SolarCity because the lease may turn out be an encumbrance on the property when it becomes time to sell but that’s another blog for another day. Now go ahead and buy 109 Pleasantview Street because it’s the best single family property in Boston priced at or below $400,000!