Purchasing a Beacon Hill condo in downtown Boston will give you easy access to some of the best restaurants and microbreweries in the city, from Boston Midtown and its great shopping, and incredible views. However, before shopping around, each buyer should carefully consider his or her spending abilities. Given the extraordinary demand for Beacon Hill condos, the top units won’t come cheap. Following are a few considerations to make when creating your budget for this big purchase.

The Base Price of a Beacon Hill Condo

The average price for a Beacon Hill condos was between $1,000 and $1,500 per square foot. Newly developed, high-end luxury condos are expected to sell for as much as $2,000 per square foot in 2018-2019.

Beacon Hill Condo Fees 

Buyers will additionally have to account for Homeowners’ Association (HOA) fees (condo fees), which are an unavoidable part of the purchaser’s overhead. In low-rise buildings lacking full-time, on-site staff (apart from maintenance crews), Beacon Hill costs typically average between $400 and $800 per month for 1 and 2 bedroom condos. In high-rise luxury units, condo fess costs can skyrocket upwards of $800-$1,500 per month.

Property Taxes 

Beacon Hill condo owners will also pay property taxes which are locked in every 3 years.

Parking 

While some units might appear far less costly than other similar options, it is always important for buyers to determine what the parking arrangements will be.  Beacon Hill condos that have parking will invariably have a higher cost per square foot than a unit that does not. However, paying these additional monies for guaranteed, on-site parking is often cheaper and easier. The cost of parking on an independent lot can range between $250 and $500 per month.

When shopping for condos in Downtown Boston, be sure to speak with your real estate agent about all included, and possibly additional, fees associated with the unit to ensure the Beacon Hill  condo you purchase won’t leave you house poor and unable to enjoy all that downtown has to offer. Happy Boston condo searching,

Question & Answers Regarding Beacon Hill Condo For Sale

Beacon Hill Condos For Sale

 

 

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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.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
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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