Basing your offer Beacon Hill condo for sale price largely on square footage is not something I recommend doing. Though price-per-square foot is one of the most frequently referenced data points when it comes to Beacon Hill condos for sale, it’s a notoriously unreliable metric.

Beacon Hill condos for sale differ

Beacon Hill real estate by no means is cookie cutter. There’s no standardized square footage source. Sellers and listing agents quote square footage from past appraisals, tax records, and floor plan measure’s and past sales all of which can be very different.

For example, it’s no secret that tax records can be wildly inaccurate and outdated.

Equally important is the fact that Beacon Hill housing inventory varies. For example, there are Beacon Hill for sale that are 5 floor walk-ups, others with an elevator. We also have private roof decks and other with common roof decks or none at all.

Beacon Hill condo for sale appraisals

Past appraisals can provide accurate square footage counts, but I’ve seen cases where there are two or three appraisals on hand that have all had different numbers. And as you might expect, sellers and agents typically reference the highest number. As one agent recently commented to me, “The square footage sometimes grows over time.” She mentioned one Beacon Hill property in particular that had changed hands three times over a ten-year period, and each time, the square footage increased in the MLS.

I’ve heard anecdotes recently from my colleagues about buyers who got into contract on a Beacon Hill condo for sale and ended up making a fuss when their appraisals resulted in significantly less square footage than what the disclosures suggested. Buyers need to prepare themselves for this possibility, especially when they’re writing offers with no appraisal contingencies.

Conclusion

So if you’re comparing values by price-per-square-foot, do so with a grain of salt.

Newest 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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