the
Boston Real Estate Blog

Sponsored by John Ford Realty
137 Charles Street, Boston
realtyford@yahoo.com
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010

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Fenway one-bedroom for sale, ~595-square feet, $325,000

fenway one-bedroom for sale

Ford Realty has a new listing.

This is a spacious one-bedroom home with approximately 595-square feet of space, located in an exceptional location overlooking the Back Bay Fens. It is priced at $325,000.

The large, light-filled living/dining room has high ceilings, four windows, and leaded glass transoms.

The kitchen, bath and bedroom are all sun-splashed and there are hardwood floors throughout. There are two large hallway closets.

This professionally-managed, well-maintained building has bike storage, common laundry facilities, wi-fi, available monthly parking, available extra storage. Short walk to Copley Square, Fenway Park, Avenue of the Arts & Longwood Medical Area, as well as Berklee College of Music and Northeastern University.

More information: Fenway One Bedroom for Sale $325,000

Report: ‘Healthy’ real estate sales up in Boston

The Boston Business Journal reports on the most recent data compiled by CoreLogic on the local residential real estate market. Year over year for December 2010, CoreLogic reports that in the Boston-Quincy metro area, values were up 6.16 percent. For the 2010 up to Nov. 30, values over all in this area were up 4.65 percent. The BBJ also notes most of these gains were in “healthy sales” — not distressed property or short sale scenarios. This fits with a lot of anecdotal evidence that there is a lot of stubborn resiliency to sale prices in our market. One explanation could be that for “healthy sales” we’re still talking about the higher end of the market, where there’s been more activity than in the mid and lower priced sales.

Do you agree with me?  Let’s get a conversation going…

Beacon Hill Landlords – Selling Apartment Buildings

Is this going to be the next trend? Landlords, unable to rent their apartments, are now going to sell their buildings?

Janet Lamb in my office just obtained a new listing, a 9 unit apartment building.

29 Grove Street – Beacon Hill – $2,250,000.00
9 – two bedroom units

Rent roll:
Unit #1 – Vacant
Unit #2 – $1500
Unit #3 – $1600
Unit #4 – $1600
Unit #5 – $1750
Unit #6 – Vacant
Unit #7 – Vacant
Unit #8 – Vacant
Unit #9 – Vacant

Interested in viewing this Beacon Hill building call Janet at 617-721-9504 or my cell at 617-595-3712.

Some good news for those looking to buy

boston-cond-sellers
Here’s some good news for those looking to buy in the near future:

1. This week MLS reported 124 new Boston condo listings.
2. MLS reported 23 new Boston single-family home listing.
3. This week MLS reported 15 new Boston multi-family listings.
4. This week MLS reported 106 price reductions.
5. Inventory is on the rise – 1,646 Boston condos for sale up from 1,615 from last week.

Greenway Place home is nicely priced, ready for quick close

An almost-new home in the Greenway Place development on the Rose Kennedy Greenway has come on the market, priced at $719,000.

The unit has exposed brick, recessed lighting, floor-to-ceiling windows, and a private balcony. There are two bedrooms across 1200+/- square feet of space.

There is rental parking available, or an option to buy one down the street.

Now that the Rose Kennedy Greenway has been completed, you get all the benefits of a multi-acre park right outside your front door. I have to say, it looks quite nice.

This unit was listed as high as $995,000 during pre-construction, back in the halcyon days of 2006.

Herion Karbunara of H & Co. Real Estate has the listing, or contact me for buyer’s agent representation.

This might be a really good deal – under $600 per square foot.

There is an open house this Sunday. Contact me for more info.

Mandarin Oriental resale gets repriced

A resale at the Mandarin Oriental hotel and residences has been repriced; it is now at $3,995,000. MLS #70705033.

This is a front facing unit on the 9th floor, with 2 bed, 2.5 bath, one fireplace, and approximately 2500 square feet of space. Includes a parking spot in the garage.

I believe closings are scheduled for the end of September / beginning of October.

Beth Dickerson at Gibson Sotheby’s has the listing.

Contact me for more information and for buyer’s agent representation.

Repricing of Allele, South Boston condos

Several of the units at the new Allele condo development, in Boston’s South Boston neighborhood, have been repriced.

For example, a 1000+/- square foot one bedroom originally priced at $499,000 is now $469,000.

A 1400+/- square foot two bedroom originally priced at $649,000 is now $559,000.

Garage parking spaces are available for $40,000.

There are a total of 48 units in this complex; closings began in mid-July, so homes are available for immediate occupancy.

This is in the rapidly-changing West Broadway neighborhood, now home to several hundred condo owners, in the Court Square Press, Macallen, and 36 A buildings, among others.

If you plan on buying a home sometime this year, I’d add this to your list of potentials, and take a trip over, some Sunday, soon. (Actually, there’s an open house this Sunday from 12:00 – 2:00 PM.)

Mary Kelleher and Ken Smith at Gibson Sotheby’s Realty have the listings, or contact me for buyer’s agent representation.

Flipping real estate still happens … at least, in theory

From the Boston Condo Blog:

Not more than two months following the condo auction at Broadluxe in Boston’s Financial District, there are three resale units available for sale – all of which sold at the auction on June 21, 2008 to a single bidder …

These three Broadluxe flips have steep price increases from the prices paid at auction less than two months ago (unit number – price paid at auction / new list price):

* 5A – $482,500 / $688,500 ($635 per square foot)
* 7A – $375,000 / $750,000 ($739 per square foot)
* 8B – $595,000 / $1,075,000 ($809 per square foot)

The first unit is a pure flip – it’s being resold in the same condition as when it was bought at auction; the other two will be “built-out”, reducing what looks at first like a 100% gross profit.

More: Flip That Condo at Broadluxe – Boston Condo Blog

Jamaica Plain condo makes nice home at a good price

The Herald profiles a nice home in Boston’s Jamaica Plain neighborhood.

A developer, the WonderGroup, has transformed a 98-year-old Mansard Victorian in Jamaica Plain’s up-and-coming Stony Brook neighborhood into three stylish condos that feature original refinished wide-pine floors and other details.

Located at 113 Chestnut Ave., the home features a restored exterior that includes clapboard siding, dormers and roof corners. There’s also an original front porch with ornamental brackets and a widow’s walk above.

But workers gut-rehabbed the building’s interior, installing new windows, kitchens, bathrooms, heating and central air.

The WonderGroup has already sold two of the condos, but Unit 3 – a two-bedroom penthouse – is still available for $429,900.

I took a look at this home with a client two weeks ago. It’s really nice, with lots of space and sun. The developer did a wonderful job on the renovation, with great attention to detail.

Ralph Smith of Gibson Sotheby’s Realty has the listing, or contact me for buyer’s agent representation.

Source: Stylish in Stony Brook; JP Victorian gets full interior makeover – By Paul Restuccia, The Boston Herald

New listings on Tremont Street

Several months ago, a series of buildings on Tremont Street were sold. The addresses were 641-643 Tremont Street. Previously the location of a bridal shop and travel agency, they were sold when the owner died.

Now, the new owner has begun turning the properties into condominiums.

Sprogis & Neale has the listings. So far, two have been put into MLSPIN; it looks as though there may be as many as eight, eventually (although the street-level condos will be retail / commercial, no doubt).

Custom kitchen with all stainless (gas cooking), cherry cabinets and granite countertops. All stone bathroom with in-unit laundry hook-up. Sunny bedroom with walk-in closet. Full staircase to private roof-deck with sweeping city views.

The two one-bedroom listings are priced at $470,000 and $495,000; the higher priced unit has a private roof deck.

Contact Sprogis & Neale Real Estate or me for more information.

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