Lamson Street Condos Sell with Right Pricing

Despite recent talk that the national real estate market has collapsed, there are indications that there is a strong demand in East Boston for excellent, well-constructed residential properties. This is evident in the recent sales of three Lamson Hill Condominiums located at 1 Lamson Street in Jeffries Point, which recently sold between $385,000 and $392,500. A fourth and final unit is currently under agreement.

Located in an almost entirely rebuilt fourplex overlooking Jeffries Point’s Brophy Park, these four condominium units offer fine amenities: gleaming hardwood floors, gourmet chef kitchens with stainless steel appliances and granite countertops, central air conditioning, 3 bedrooms, 2 1/2 baths, rental parking (included in a reasonable condo fee), square footage between 1,684 and 1,757, and a top notch location. In 2008, these units went on the market with asking prices in the high $400,000’s; they did not sell. In January 2009, they were marketed with new prices between $389,900 and $409,000, and within several months they all sold.

While a current demand might not exist in East Boston for million dollar condominiums or homes, there is a steady and strong demand for well built, designed, constructed, and located housing. It appears that properties meeting these criteria will not remain unsold.

Please check back as we continue to update you on East Boston real estate happenings. To see all our listings, or to search MLS properties, head to the Tony’s Realty Website.

Email Tony with your questions or comments.

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