Sometimes it is fun to review an old post to see what has actually happened. Below is an article snippet about Dorchester.
Dorchester’s Melville Park perks up: Residents hope big Victorians, small prices fuel a revival
Friday, April 1, 2005
Andy Tarrant and Ted Roland never imagined that they could afford their own house – let alone the big Victorian they bought recently in Dorchester’s Melville Park neighborhood.
“I worked for nonprofits and my husband is a jazz musician, and before this, we’ve always rented,” said Tarrant, a 37-year-old Boston lawyer.”
But for $500,000, the couple purchased a turn-of-the-century house that offers more than 2,600 square feet – double the size of the Chinatown loft the pair had been renting.
From City Data
My fiance and I are considering buying a multi family to rent out and have been looking at Melville Park in Dorchester; what does anyone think about the neighborhood? Does it have good investment potential, or might it be on the decline a bit?
Some of the answers edited for brevity:
In Dorchester that doesn’t present much of an obstacle, since it’s one of the original places where “three-deckas” were built and they’re still there by the hundreds. Melville Park (named for the streets which mark its northern and southern boundaries, not a “green space”) has kept its charm and appeal by virtue of containing lots of beautiful Victorian houses. You won’t find many three-deckas or larger brick buildings within its confines. Those that exist are mainly along the streets at the fringe, such as Dorchester (“Dot”) Ave.
A neighborhood of neighborhoods. There’s Uphams Corner, and Fields Corner, and Codman Square, and Melville Park, and Ashmont Hill, and Lower Mills, and Neponset, and Meetinghouse Hill, and Jones Hill, and probably a bunch of others that I’ve left out. Sometimes you also hear it divided up into old parish boundaries, such as St. Gregory’s.
Dorchester remains in a state of perpetual change over much of its territory. Melville Park is retaining much of its appeal , and Savin Hill (particularly the “OTB” – over the [I-93] bridge – area) has taken a decidedly upscale turn. But what makes a Dot investment less than a sure thing is that gentrification waves around there have been known to ebb. The Meetinghouse Hill neighborhood north of Fields Corner was a guppie/yuppie hot spot during the ’80s and into the ’90s with its varied housing stock and the phenomenal ocean views across Ronan Park.
For long-term investment purposes, in Dorchester I’d be more inclined to look toward Savin Hill or Lower Mills or Cedar Grove or Neponset or the “Polish Triangle” or Adams Village or Codman Hill (not Codman Square.) The area surrounding Ashmont Station could “go either way,” especially to the west of Dot Ave. Elsewhere (there are 17 recognized communities within this, the largest of Boston’s sections in land area) there’s too much instability for me to feel comfortable with.
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