boston-real-estate-co-op

Located in the Boston West End is a co-op building, 150 Staniford Street. The building does have some nice features such as large floor plans and indoor parking. But from what I see it doesn’t appear that Boston buyers are attracted to the co-op concept. According to MLS three co-ops are available for sale at 150 Staniford Street. Let’s see how they’re doing:

150 Staniford Street #732
First listed on 4/6/09 for $409,000.00
Today listed for $389,000.00

150 Staniford #917
First listed on 10/1/08 for $499,000.00
Today (242 days latter) listed for $425,000.00

150 Staniford St #61B
First listed on 10/3/2007 for $559,000.00
Today (647 days latter) listed for $399,000.00

Let’s say you did purchase 150 Staniford St #917 along with your monthly mortgage payment you would need to pay what is called a “blanket mortgage” of $746.00 per month, plus real estate taxes of $221.00 per month and a monthly co-op fee of $632.00 month.

Hmm…I wonder why these $400,000 Boston co-op’s are having trouble selling?

File Under: I’ll take my condo over a co-op.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

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Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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