Archive for December, 2010

Some East Boston Three-Families Selling for Over $400,000

Recent East Boston sales data show some high quality and well located three-family properties selling for over $400,000 again.  In fact, one property recently sold for $500,000, the first time a three-family has sold for that much in many years.

In August, 78 Frankfort Street, a 4,374 square foot property on a 2,882 square foot lot, sold in 22 days at full list price, $400,000. It was located a few blocks from the Airport train station and the new Bremen Street Park.  Also in August, 25 Gladstone Street, a 4,193 square foot property with 8 parking spaces and five garages, situated on a 7,500 square foot lot, sold for $460,000. This property took longer to sell; it was originally listed in January, 2010 for $600,000.

In Noveber, 18 Thurston Street, a beautiful 3,964 square foot three-family with two parking spaces on a 4,500 square foot lot broke all recent records, selling for $500,000. This property also took a while to sell because the initial list price in May, 2010, was $619,000.  Since January 2009, only 7 three-family properties have sold between $400,000 and $480,000.  Only 18 Thurston Street has reached the $500,000 sale price mark.

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.