Archive for March, 2010

East Boston Condo Buyers Attracted to Newer Units and Amenities

During the last three months, 15 condos sold in East Boston with an average selling price of $196,637. The average list price was $201,967. Most units sold within 97% of the final asking price. There were four bank owned condos, which sold between $72,000 and $90,000—3 out of the 4 sold for above asking price. Of the remaining 11 units, 7 had parking. Condo buyers tend to be attracted to newer units with amenities and parking.

Many condo sale prices were higher than usual, and other properties sold after being on the market for many months. 99 Boardman Street, a 1,800 square foot 3 bedroom townhouse with 2 parking spaces sold for $329,000; 910 Saratoga Street, a 3 bedroom, 1,984 square foot condo with one parking space sold for $310,000. Both of these sold for more than what most single-family homes sell in East Boston. Two units had been on the market for many months: 26 Gladstone Street, a beautifully renovated 1,034 square foot condo which sold for $275,000, and 216 Marginal Street, a two level 1,150 square foot condo with superb harbor views which sold for $254,000.

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 Three-Family Sale Prices Rise

Over the last six months, 44 three-family homes have sold in East Boston, ranging from $100,000 for a total gut rehab Everett Street home to $480,000 for a 4,500 square foot unusually large East Eagle house in exceptionally good condition with four parking spaces. The average three-family sale price was $276,557. Many were bank owned and others were short sales. Non bank owned and short sale properties are beginning to sell in the low to mid $300,000 range. A few buildings that have been either exceptionally large, in impeccable condition, had spectacular harbor views, or lots of parking and land have sold for over $400,000.

Since November, the following three-families have sold for over $300,000: 236 Maverick Street sold in 11 days for $329,000; 228 Havre Street sold in 5 days for $347,000; and 194 Chelsea Street sold in 3 days for $320,000. At prices over $350,000, three families have usually been totally renovated: 96 Trenton Street sold for $356,000; 146 Trenton Street sold for $375,000; and this month 101 Chelsea Street, which was completely renovated, sold in 20 days for $373,000. In today’s market, a medium size triple-decker in very good condition should sell between $300,000 and $350,000. An extensively renovated, medium size three family will more likely sell between $350,000 and $390,000. This is about a 10% increase above last spring’s three-family home sale prices.

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 2 Bedroom Condo at 172 Cottage Street

Tony’s Realty recently listed a two bedroom condo at 172 Cottage Street. Built in 2007, this unit has much to offer: two generous size bedrooms, oak hardwood floors, high ceilings, exposed brick, beadboard wainscoting, stainless steel appliances, granite countertops, washer and dryer hookups in the unit, central air, a private rear deck, and additional deeded storage in basement. In a completely rebuilt Cottage Street brick building, all 8 units within the condo association are 100% owner occupied. This condo is walking distance to both Maverick Square and Airport T stations and convenient to downtown Boston. List agent is Laura Rollins who can be reached at laura@tonysrealty.com or at 617/877-8249. The first open house is Sunday, March 21, from 1:00 to 2:30 pm.  Price is $249,000.

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 Three-Family House on Paris Street

Tony’s Realty recently listed a very large three-family house in the Paris Flats neighborhood of East Boston. 253 Paris Street is a 3,204 square foot triple-decker—each apartment has five, six, and six rooms each. There are also three unfinished rooms in the attic, which could potentially be additional living space.

While most of the apartments have paneled walls and older kitchens, the property has had some major updates. There is a new 200 amp electrical service and new meters for each apartment as well as a public meter. All three apartments have newer gas furnaces; the second floor heating system and furnace is only several years old. The roof is newer and in very good condition, and the entire building has newer replacement windows. The third floor unit has beautiful, new hardwood floors. All three apartments have porches, one of which is enclosed. There is a large basement, which walks out to a small yard. Two apartments are currently rented and the third apartment is vacant and ready for a new owner. The property is only a few blocks from the new Airport T station, the YMCA, and the Bremen Street Park. The house is offered at $349,000.

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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