Posts Tagged 'Single-Families'

Two East Boston Sales Defy Expectations

A few recent East Boston sales and contracts show a steady demand for high quality, updated, or restored housing in East Boston with buyers willing to pay above average prices for such properties. During the last 12 months, 79 three-families sold in East Boston with an average sale price of $258,000, but one property defied all statistics: 34 Cottage Street in Jeffries Point, a smaller, 2,700 square foot brick three-family recently renovated and in impeccable condition. 34 Cottage had new heating systems, walls, ceilings, kitchens, bathrooms, windows, decks, etc. In what is supposed to be a “poor time to sell houses,” this property sold for $425,000, almost $200,000 more than the average sale price for a three family during the last year.

Similarly, the market responded quickly to 144 Princeton Street, a beautifully restored and impeccably maintained Victorian single-family. With stunning restored original features such as hardwood floors, high ceilings, marble fireplaces, and bay windows, this property also had a beautiful new kitchen and bathroom. During the last 12 months, the average sale price for an East Boston single-family was $193,000, and the average marketing time was 141 days. This Princeton Street property was priced at $339,000 and went under agreement in just 8 days.

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.

.

Advertisements

Six Single-Family Homes Sell In East Boston Over Past 3 Months

During the last three months, only 6 single-family homes sold in East Boston. The average sale price was $209,093, but the actual properties ranged from a small, bank owned property, which sold for $100,000, to a brand new three-bedroom, which sold for $290,000. No property sold for over $300,000.

51 Condor Street, a small bank owned two-bedroom house sold for $100,000. 198 Everett Street, a recently renovated Jeffries Point two-bedroom house sold for $227,500. In Orient Heights, a four-bedroom bank owned single at 1112 Bennington Street sold for $237,000. And a large three-bedroom brick Tudor style house at 84 Beachview Road sold as a short sale for only $150,058. The most expensive Orient Heights single sold in the last three months was a cute three-bedroom house at 74 Faywood Avenue, which sold for $250,000. The highest priced single-family to sell in all of East Boston during the last three months was a brand new three-bedroom house at 231 Brooks Street which sold for $290,000.

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.

.

Tony’s Realty Lists Beautifully Renovated Bennington Street Single-Family

Tony’s Realty recently listed a single-family home at 115 Bennington Street—a beautifully renovated two level house with almost 1,100 square feet of living space. The downstairs has a new kitchen, a new tile bath, and a large living room. Upstairs has two large bedrooms with ample closet space as well as a third room, which could be used as an office or an additional small bedroom with room for a twin bed.

The entire house has gleaming hardwood floors as well as newly plastered walls and ceilings. There is also newer plumbing and heating, updated electricity, and a 2008 roof. The yard is perfect for a garden, a barbecue area, or a dog.

This home is nestled among other owner occupied single-family homes and is within walking distance to the new Airport T Station, Central and Day Squares, and many shops and restaurants. The asking price is $235,000.

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.

.

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.

.

East Boston Attracts a Diverse Range of Buyers

A question buyers and sellers often ask of Tony’s Realty is “who is buying real estate in East Boston?” Based upon observations of Tony’s Realty agents, the answer oftentimes depends upon the type of property being purchased. Most condos in East Boston are purchased by professional first time homebuyers, most of whom have maybe 3% to 10% available for a down payment. Many bank owned condominiums, most of which are in buildings with no associations, are sold to investors who pay cash. These are primarily used as investment properties and rented out. Sometimes, if a condo association is established and a high owner occupancy rate can be achieved in a building, investor purchased bank owned condos can be resold for a profit, again with most buyers being younger professionals.

Larger multi-family properties in East Boston, especially those with apartments having two or three bedrooms, are almost exclusively sold to immigrant families currently living in East Boston as tenants. These usually become owner occupied properties. Smaller, bank owned multifamily properties are usually sold to investors, often paying cash, who use the properties as rental buildings.

Single-family homes attract both younger professionals as well as immigrant families. Occasionally, native East Bostonians or city employees such as firemen or policemen will purchase Orient Heights properties. Unlike condos, which sell almost exclusively to younger professionals or two or three family homes, which sell almost exclusively to immigrant families, single-family homes attract buyers from both of East Boston’s two major pools of buyers.

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.

.

Single-Unit Housing Sold Quickly in East Boston During Month of July

July was a busy month for the sale of single unit housing in East Boston, with 8 single-families and 8 condominiums selling. The singles ranged in price from $115,000 for a cute two bedroom fixer upper on Saratoga Street in the Dom Savio area to $326,000 for a pristine four bedroom single on Montmorenci Street in Orient Heights. Only two of the single-family homes that sold had garages or driveways.

Among the 8 condos to sell, one was bank owned and sold for $63,000. If a bank owned condo is in a building with no active condo association, a mortgage is almost impossible to obtain, and it is often priced to sell below $100,000 in order to attract a cash buyer. The other condos ranged in price from $125,000 for an 834 square foot unit on London Street to $371,000 for a 1,492 square foot completely renovated 2 level loft style unit with a parking space on Saratoga Street near Central Square. The sales of these condos and houses indicate there is a steady stream of buyers looking to spend between $125,000 to $400,000 for single units of housing in East Boston, whether it be for a single-family house or a condo.

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.

 .

East Boston Showing Shortage of Available Single-Family Homes

According to June MLS data, East Boston is showing a sudden shortage of single-family properties on the market. Currently, there are 12 available single-families in East Boston. Only one of those properties is bank owned—a slanted, 1,248 square foot colonial with parking at 210 Havre Street for $83,900. Another is a short sale.

The remaining properties, offered by regular sellers, range from an adorable 937 square foot fixer-upper at 19 Haynes Street for $159,000 to a 2,802 square foot Eagle Hill Victorian built by shipbuilder Donald McKay at 56 Putnam Street. Its price is $374,900. There are currently 7 single-family homes for sale between $200,000 and $300,000 in East Boston, ranging from Orient Heights to Eagle Hill.

June was a busy month, with offers accepted on single-family homes on Saratoga, Eutaw, Bennington, Horace, and Wordworth Streets. Another was accepted on Murray Court. Varying in condition, these properties were all priced right, with 3 of them priced over $200,000, and four of them priced under $200,000. There currently seem to be more qualified buyers than available properties in the single-family market.

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.

 .


November 2017
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
27282930  
Real Estate Blogs - Blog Catalog Blog Directory