Archive for October, 2009

Tony’s Realty Lists a Great Starter Home on Faywood Avenue

Tony’s Realty recently listed an adorable single family located at 74 Faywood Avenue in Orient Heights. This well maintained “classic” colonial style home features three bedrooms, one bath, an eat in kitchen, a formal dining room, a living room with a fireplace, and a heated sun porch facing the street. There is a one-car garage under the house and a small driveway for an additional car.

The property is located on a fairly large 4,000 square foot lot with a wonderful back yard. This very traditional home has lots of natural woodwork and hardwood floors throughout. Since it was built, the property has had only two owners.

Although the kitchen and bath are older, the wonderful layout, great location, natural woodwork, solid condition, and newer windows all make this a great place for anyone who is looking for a nice Orient Heights single-family home. All in all, a great starter home.

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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East Boston Retains a Strong and Steady Demand for Condos

During the last six months, 47 condominiums have sold in East Boston, including single story apartments and townhouses. These have ranged from $62,000 for a 515 square foot bank-owned condo on Lubec Street to a 1,757 square foot new townhouse style unit on Lamson Street in Jeffries Point. With an average selling price of $227,370, most units sold were between $150,000 and $250,000, varying in price primarily according to unit size and condition. Of the 9 units to sell for over $300,000, almost all were either brand new or completely renovated, had available parking, or had spectacular harbor views or spacious living areas between 1,300 and 1,800 square feet. Only four units were bank owned.

Currently, another 23 units remain under agreement. Similarly, the average list price for these units was $238,335—most condos sell within 95% of the last list price before going under agreement. Once again, the bulk of these (11 of them) were priced between $200,000 and $250,000. Three were priced over $300,000. Only one was bank owned. Most of these 70 condos have gone under agreement or sold to owner occupants.

The good news is East Boston has a strong and steady demand for condominiums in excellent condition with good layouts between $200,000 and $250,000 for units under 1,000 square feet, and a certain demand for more expensive, larger units with greater amenities and tremendous square footage.

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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Tony’s Realty Lists a Hidden Gem on Brooks Street

Tony’s Realty recently listed a beautiful, unique, and very large three-level Eagle Hill single-family located at 144 Brooks Street. This hidden gem has ten rooms, almost 2,000 square feet of living space, and a wonderful farmer’s porch overlooking a charming private yard with a lawn, flowers, and garden area on a 2,450 square foot parcel. The setting is like a private oasis once you enter the main gate to the property. (This house is not a drive by—the porch and yard cannot be seen from the street).

144 Brooks Street is both aesthetically pleasing and practically maintained. The main living area has a large kitchen, a big dining room, a living room and a wonderful library with built in bookshelves; the property has beautiful hardwood floors, pocket doors, and tastefully chosen paint colors. The open room concept is sun filled all day and each room overlooks the splendid farmer’s porch and yard. The rest of the house includes 5 bedrooms, a sixth room suitable for an office, den, laundry room or additional bedroom, and two full baths.

On a more practical note: the roof is only ten years old, the furnace for the 3-zoned one gas heating system is eleven months old, all windows have been replaced, and all plumbing and electricity is updated and newer. The house is only a few-minute walk to the new Airport T station. The price is $328,500.

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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East Boston Triple-Deckers See Increase in Regular Sales

During the past year, many bank owned and short sale three-families have sold in the high $100,000s and low $200,000s, prices previously unheard of in the last decade.  Most of these properties have been unusually small (3-4-4 rooms) and in terrible condition, usually needing complete renovations. Only recently have we seen the reemergence of “regular” sales of three-family homes that are not bank owned or short sales.  These larger three-family properties (4-5-5 rooms), usually in decent but often outdated condition, are usually selling in the low to mid $300,000 range.  Better, more renovated properties, as well as buildings with views and houses with big yards or driveways, should start selling for more in the next few months and year.

809 Saratoga Street, an older and grand Victorian style home sold for $338,500.  236 Havre Street, an attached 4-5-5 sold for $305,000.  26 Bremen Street, a brick triple-decker, sold for $335,000.  67 Webster Street, a renovated 3-4-4 with views sold for $350,000.  227 Webster Street, a Victorian with stunning harbor views and in need of a full renovation sold for $448,500.  Currently, 228 Havre Street (asking price $340,000), 236 Maverick Street (asking price $329,000), 96 Trenton Street (asking price $369,900), 117 Webster Street (asking price $395,000) and 250 Webster Street (asking price $399,000) are all under agreement, most within just a few weeks after having been listed.

During the next year we should see more “regular” sales of standard size triple-deckers in average condition selling between $320,000 and $350,000.  Larger or more renovated properties, or buildings in the waterfront neighborhood or with great views, will probably start to sell for more.  The general East Boston triple-decker market will probably remain in the mid $300,000 range or even approach the low $400,000 range during the next year if short sales and foreclosures continue to decline.

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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