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Boston Condos For Sale
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FAQs About Owning Boston Property
What is the average price of a Boston condo?
The average Boston condo sales price per aq. ft. was $792.00 up 10.9% from the same time last year. Source MLS.
What is the average size of a Boston condominium?
The average size of a Boston condo varies depending on the location and age of the building, but the average is typically between 1,200 and 1,500 square feet. Boston condos are typically smaller than other types of condos in other city metros. This is due to the high cost of land in Boston and the limited space available for new construction. Boston’s historic buildings and narrow streets also contribute to the smaller size of its condos.
What is the average HOA fees?
The average monthly maintenance fee for a Boston condo varies depending on the size and location of the condo, as well as the amenities that are included in the fee.
For a small unit in a less desirable location, the average monthly fee might be around $200. For a larger condo in a more desirable location, the average monthly fee could be closer to $400. And for a condo with luxurious amenities, the average monthly fee could be even higher.
What is the average monthly mortgage payment a unit?
Assuming you are referring to the average monthly mortgage payment for a Boston condo in 2019: The average monthly mortgage payment for a Boston condo in 2019 was $2,535. This figure is based on data from the Mortgage Bankers Association (MBA) and includes both principal and interest payments on a 30-year fixed-rate mortgage with a 20% down payment.
What is the average property tax rate for a Boston condo?
The average property tax rate for a Boston condo is $3.71 per $1,000 of assessed value.
What is the average monthly utility bill for a Boston condo?
According to the Boston Globe, the average monthly utility bill for a Boston condo is $174. This includes electricity, gas, water, and sewer.
Where are the newest Boston condos located?
The newest Boston condos are located in the heart of the city, just steps from all the best shopping, dining, and entertainment. With a variety of floor plans and finishes to choose from, these condos offer something for everyone. Whether you’re looking for a spacious one-bedroom or a luxurious penthouse, you’ll find it all in the newest Boston condos.
Where are the luxury Boston condos located?
The luxury Boston condos are located in the heart of the city, near all the best shopping, dining, and entertainment. They are also close to public transportation, making it easy to get around the city. The buildings are well-maintained and offer a variety of amenities, including concierge service, fitness centers, and swimming pools.
What is the average monthly insurance payment for a Boston condo?
There is no definitive answer to this question as it will vary greatly depending on a number of factors, including the value of the condo, the location, the age of the building, the insurance company, the coverage, etc. However, as a general ballpark estimate, the average monthly insurance payment for a Boston condo could be somewhere in the range of $100-$300.
What is the average monthly rent for a Boston condo?
The average monthly rent for a Boston condo varies depending on the size and location of the condo. A one bedroom condo in Boston’s Back Bay neighborhood, for example, can rent for as much as $3,000 per month. A two bedroom condo in Boston’s South End may rent for around $2,500 per month. And a three bedroom condo in Boston’s Charlestown neighborhood may rent for as little as $1,800 per month.
What is the average vacancy rate for Boston condos?
The average vacancy rate for Boston condos is 3.8%. This is higher than the national average of 2.9%.
How many condominium units are in Boston?
There are a total of 4,438 condominiums in Boston, Massachusetts.
How many bedrooms do most Boston condos have?
The average Boston condo has two bedrooms. However, there are a wide range of condo sizes in Boston, from one-bedroom units to large three- or four-bedroom units. So, while most Boston condos have two bedrooms, there is a significant minority of condos that have one bedroom, and a smaller but still notable number of condos that have three or more bedrooms.