John A Keith Real Estate - Boston Real Estate

How do I qualify for the first-time homebuyer tax credit?

John Keith — Sun, 14 Mar 2010 02:09:21 +0000

The Wall Street Journal has an excellent article on buying a home in today’s confusing real estate market.

How can you qualify for the federal government’s homebuyer tax credit program?

Under the program, first-time buyers can take up to $8,000 off their taxes, and existing-home owners can take up to $6,500. To qualify, a contract to buy must be signed by April 30 and the purchase must close by June 30.

When the program was expanded late last year, the income limits were raised. Now, individuals with adjusted gross incomes up to $125,000 and married couples with adjusted gross incomes up to $225,000 qualify on home purchases up to $800,000. If you owe less in taxes than the credit, the Internal Revenue Service will send you a refund check.

While mortgage loan rates have remained at historic lows (you may be able to qualify for a rate as low as five percent), many buyers are finding the lending process to be difficult and fraught with difficulties.

The end result is worth it, however. You will end up with a new home to enjoy for years to come.

Take away tip? Use professionals, every step of the way, from lender to real estate agent to home inspector to attorney. It will save time, money, and reduce headaches.

Boston condo and real estate sales report, March 13, 2010

John Keith — Sat, 13 Mar 2010 14:30:25 +0000

The following is Boston Proper condo and real estate sales data for the 30 days ending March 13, 2010 (March 6, 2010) (and March 13, 2009, where possible).

Number of units currently on the market: 1,052 (990) (N/A)
Average days on market: 126 (129) (N/A)
Median list price: $589,000 ($589,000) (N/A)
Average list price: $996,765 ($1,010,028) (N/A)
Price changes: 173, -5.23%, -$38,460.70 (161, -5.73%, -$47,783.24) (N/A)
Expired: 37, average 144 days on market (38, average 148 days on market) (N/A)

Number of units under agreement: 127 (135) (N/A)
Median UAG price: $529,000 ($549,000) (N/A)
Average UAG price: $737,424 ($749,776) (N/A)

Number of units sold (past 30 days): 101 (87) (51)
Average days on market: 149 (143) (161)
Months of supply: 10.42 (11.38) (N/A)
Median close price: $580,000 ($630,000) ($535,000)
Average close price: $927,618 ($996,095) ($720,712)
Original list to close price: 93% (93%) (92%)
Sales velocity: $93,689,387 ($86,660,288) ($36,756,325)

Thoughts: While sales popped due to properties going under agreement after the turn of the new year, new under agreements remain stubbornly low. Months of supply increases, as a result. I feel a surge of activity but at this point, it’s all on the sellers’ side.

This report includes sales and inventory information for condominiums located in the following downtown Boston neighborhoods: Back Bay, Beacon Hill, Charlestown, Financial District, Leather District, Midtown, North End, Seaport District, South End, The Fenway, Theatre District, Waterfront, West End, Chinatown, Faneuil Hall , Kenmore Square.

Data collected from third-party sources by the Multiple Listing Service Property Information Network, Inc. for the period between 02/13/2010 – 03/13/2010, 02/06/2010 – 03/06/2010, and 02/13/2009 – 03/13/2009.

Photo of my old condo courtesy Sebastian Diesel at LoftsBoston.com

The best place to live in Greater Boston (blight not included)

John Keith — Sat, 13 Mar 2010 04:26:06 +0000

It’s spring (turn your clocks back, tonight!) and that means the local real estate market is heating up and that means it’s time for the annual Boston Globe Magazine real estate issue, out on Sunday, March 14.

The Globe has put together an online pictorial of a selection of neighborhoods and towns it calls “Greater Boston’s 12 top spots to live“. Included, natch, is downtown Boston, including the Back Bay, Beacon Hill, West End, North End, Waterfront, Chinatown, and South End neighborhoods. Hooray for us!

[Many two-bedroom condos in the Back Bay are] going for less than $600,000. Newer condo buildings, in particular – Bryant Back Bay, the Clarendon, the W, and others – appeal to those looking for a hassle-free lifestyle. “You get garage parking, one-level living, elevators, doormen,” Campion says of these buildings, noting that they’re all within walking distance of attractions like Newbury Street, the Theatre District, and the Charles River.

If you can afford it, what’s not to love?

There’s a LOT to love about these neighborhoods, which is why they weren’t as badly affected by the national recession as other neighborhoods in other cities. Property values stayed steady (or, at most, suffered a modest drop). While this is good news for current owners, it means that buyers will still find prices high and inventory low.

It takes effort to find a good home at a fair price, but with the right real estate agent, you can make it happen.

Photo courtesy of The Boston Foundation.

South End Boston Sunday Open Houses for March 14, 2010

John Keith — Sat, 13 Mar 2010 02:51:11 +0000

South End Boston Open Houses this weekend, Sunday, March 14, 2010. Only listings that have come on the market during the past 21 days are included.

To see these open houses on a Google Map, click here. Courtesy Patrick Kaeding.

To learn more about these properties and to inquire about buyer’s agent representation, please contact me.

71045418	19 Milford U:2	3 room, 1 bed, 1 bath Brownstone	Mar 14 11:30 AM to 1:00 PM	$419,900
71045420	42 Bradford St U:2	8 room, 2 bed, 2.5 bath Brownstone	Mar 14 11:30 AM to 12:30 PM	$1,449,000
71045455	756 Tremont St U:4	4 room, 2 bed, 1 bath Brownstone	Mar 14 1:30 PM to 3:00 PM	$499,000
71045606	3 Rollins Street U:C301	8 room, 3 bed, 2.5 bath Townhouse	Mar 14 12:00 PM to 1:30 PM	$1,195,000
71045609	5 Appleton St. U:6A	4 room, 2 bed, 2 bath Mid-Rise	Mar 14 12:00 PM to 2:00 PM	$739,900
71044651	1313 Washington St U:602	5 room, 2 bed, 2.5 bath Mid-Rise	Mar 14 1:30 PM to 3:00 PM	$1,395,000
71044655	1313 Washington St U:319	4 room, 2 bed, 2 bath Mid-Rise	Mar 14 11:30 AM to 1:00 PM	$995,000
71044707	146 Chandler St U:3	3 room, 1 bed, 1 bath Rowhouse	Mar 14 12:00 PM to 1:30 PM	$400,000
71044718	485 Harrison Avenue U:307	4 room, 1 bed, 2 bath Mid-Rise	Mar 14 11:30 AM to 1:00 PM	$599,000
71044930	20 E Springfield St U:2	4 room, 2 bed, 1 bath Mid-Rise	Mar 14 12:00 PM to 1:30 PM	$429,000
71045102	555 Massachusetts Avenue U:1	4 room, 2 bed, 1 bath Rowhouse	Mar 14 2:30 PM to 3:30 PM	$539,000
71045126	45 St. Botolph St U:1	5 room, 2 bed, 2 bath Rowhouse	Mar 14 12:00 PM to 2:00 PM	$629,000
71045182	7 Durham U:4	4 room, 2 bed, 1 bath Townhouse	Mar 14 12:00 PM to 2:00 PM	$839,000
71045270	51 E Concord St U:1	7 room, 2 bed, 2 bath Brownstone	Mar 14 2:00 PM to 3:30 PM	$525,000
71044033	41 Worcester Sq U:6	3 room, 1 bed, 1 bath Brownstone	Mar 14 2:00 PM to 3:30 PM	$309,000
71044238	806 Tremont St U:1	1 room, 1 bed, 1 bath Garden	Mar 14 2:00 PM to 4:00 PM	$289,900
71044342	1140 Washington St U:2C	2 room, 1 bed, 1 bath Loft	Mar 14 1:30 PM to 3:00 PM	$519,000
71045184	7 Concord Sq U:2	4 room, 2 bed, 2 bath Rowhouse	Mar 14 2:30 PM to 3:30 PM	$629,000
71043277	219 Shawmut Ave U:3	6 room, 3 bed, 2 bath Rowhouse	Mar 14 12:45 PM to 2:15 PM	$965,000
71043742	24 Milford St U:1	5 room, 2 bed, 2.5 bath Rowhouse	Mar 14 12:00 PM to 2:00 PM	$769,000
71043776	492 Massachusetts Ave U:72	4 room, 2 bed, 1 bath Mid-Rise	Mar 14 12:30 PM to 2:00 PM	$439,000
71041415	114 W Concord St U:1	8 room, 2 bed, 2 bath Brownstone	Mar 14 1:00 PM to 2:00 PM	$1,425,000
71041456	70 E Brookline St U:2	5 room, 2 bed, 2 bath Brownstone	Mar 14 1:45 PM to 3:00 PM	$539,000
71041472	27 Wareham St U:207	3 room, 1 bed, 1 bath Mid-Rise	Mar 14 12:00 PM to 1:30 PM	$519,000
71041595	476 Shawmut Ave U:5	4 room, 2 bed, 1 bath Brownstone	Mar 14 2:00 PM to 3:30 PM	$525,000
71041763	519 Harrison Avenue U:D620	7 room, 2 bed, 2 bath Mid-Rise	Mar 14 2:45 PM to 3:45 PM	$819,000
71040735	243 W Newton St U:3	8 room, 3 bed, 2 bath Rowhouse	Mar 13 1:00 PM to 2:30 PM	$799,000
71040859	17 Savoy St U:311	6 room, 3 bed, 2.5 bath Rowhouse	Mar 14 12:00 PM to 1:30 PM	$1,250,000
71040863	602 Tremont St U:4	7 room, 3 bed, 2.5 bath Rowhouse	Mar 14 3:30 PM to 4:30 PM	$1,659,000
71041336	141 Worcester St U:3	6 room, 2 bed, 2.5 bath Brownstone	Mar 14 1:30 PM to 3:00 PM	$1,399,000
71039627	97 Waltham St U:4	3 room, 1 bed, 1 bath Rowhouse	Mar 14 11:30 AM to 12:30 PM	$495,000
71039672	83 Montgomery Street U:One	7 room, 4 bed, 2.5 bath Brownstone	Mar 14 1:00 PM to 2:30 PM	$2,085,000
71039783	462 Massachusetts Ave U:4	4 room, 2 bed, 1 bath Brownstone	Mar 14 1:00 PM to 2:00 PM	$525,000
71039784	1140 Washington St U:2A	2 room, 1 bed, 1 bath Low-Rise	Mar 14 12:00 PM to 1:00 PM	$399,000
71036993	36 Bradford St U:3	3 room, 1 bed, 1 bath Brownstone	Mar 14 12:30 PM to 1:30 PM	$399,000
71037140	202 Northampton St U:3	3 room, 1 bed, 1 bath Brownstone	Mar 14 12:30 PM to 2:00 PM	$299,000
71037430	93 Waltham Street U:2	4 room, 1 bed, 1 bath Rowhouse	Mar 14 12:30 PM to 1:30 PM	$389,000
71037460	36 Worcester Square U:5	3 room, 2 bed, 1 bath Rowhouse	Mar 14 12:00 PM to 1:30 PM	$469,000
71036875	643 Tremont Street U:1	3 room, 1 bed, 1 bath Townhouse	Mar 14 11:30 AM to 12:30 PM	$480,000
71036879	643 Tremont Street U:2	3 room, 1 bed, 1 bath Townhouse	Mar 14 11:30 AM to 12:30 PM	$470,000
71036882	643 Tremont Street U:3	3 room, 1 bed, 1 bath Townhouse	Mar 14 11:30 AM to 12:30 PM	$489,000
71034790	40 Fay St U:H604	3 room, 1 bed, 1 bath Mid-Rise	Mar 14 2:00 PM to 3:00 PM	$549,000

Above, 42 Bradford Street #2, South End, Boston, MA. Ricardo Rodriguez of Coldwell Banker Residential Brokerage is the listing agent.

New Boston condo real estate listings for sale, March 12, 2010

John Keith — Sat, 13 Mar 2010 02:34:00 +0000

MLS #	Address	Neighborhood	Description	List Price
71046210	14 Pinckney Street	Beacon Hill	11 room, 5 bed, 3.5 bath Other	$2,650,000
71046602	15 Park Dr U:5	The Fenway	2 room, 1 bed, 1 bath Mid-Rise	$181,900
71046293	52 Charlesgate East U:166	The Fenway	3 room, 1 bed, 1 bath Brownstone	$277,000
71046562	23 Saint Stephen St U:7	The Fenway	3 room, 1 bed, 1 bath Rowhouse	$279,000
71046259	18 Upton Street U:1	South End	4 room, 1 bed, 1 bath Townhouse	$329,000
71046616	2 Hawthorne Place U:9J	West End	4 room, 1 bed, 1 bath Hi-Rise	$415,000
71046604	51 Hemenway St U:1	The Fenway	4 room, 2 bed, 1 bath Rowhouse	$475,000
71046052	57 Mount Vernon U:1	Beacon Hill	3 room, 1 bed, 1 bath Garden	$579,000
71046581	65 E India Row U:18C	Waterfront	4 room, 1 bed, 1.5 bath Hi-Rise	$650,000
71046402	208 W Canton St U:1	South End	5 room, 3 bed, 2 bath Rowhouse	$995,000

Above, 208 West Canton Street #1, South End, Boston, MA. The listing agent is Ed Sullivan of Coldwell Banker Residential Brokerage.

New Boston condo real estate listings for sale, March 11, 2010

John Keith — Fri, 12 Mar 2010 02:39:41 +0000

MLS #	Address	Neighborhood	Description	List Price
71045913	380 Riverway U:B	The Fenway	3 room, 1 bed, 1 bath Rowhouse	$245,000
71045372	27 Clark Street U:1	North End	4 room, 1 bed, 1 bath Mid-Rise	$269,000
71045598	69 Park Dr U:8	The Fenway	3 room, 1 bed, 1 bath Mid-Rise	$329,000
71045950	922 Beacon Street U:24	The Fenway	3 room, 1 bed, 1 bath Rowhouse	$349,900
71045418	19 Milford U:2	South End	3 room, 1 bed, 1.5 bath Brownstone	$419,900
71045696	65 East India Row U:8A	Waterfront	3 room, 1 bed, 1 bath Hi-Rise	$425,000
71045580	42 Beach Street U:9D	Midtown	3 room, 1 bed, 2 bath Hi-Rise	$478,000
71045455	756 Tremont St U:4	South End	4 room, 2 bed, 1 bath Brownstone	$499,000
71045599	35 Bay State Road U:4R	Back Bay	3 room, 1 bed, 1 bath Brownstone	$583,000
71045722	662 Tremont U:3	South End	4 room, 2 bed, 1 bath Rowhouse	$639,000
71045725	85 East India Row U:20G	Waterfront	3 room, 2 bed, 1.5 bath Hi-Rise	$675,000
71045817	360 Newbury Street U:604	Back Bay	3 room, 1 bed, 1 bath Garden	$675,000
71045276	173 Beacon St U:5	Back Bay	6 room, 2 bed, 1.5 bath Brownstone	$675,000
71045454	287 Marlborough U:B	Back Bay	5 room, 2 bed, 1.5 bath Rowhouse	$699,000
71045609	5 Appleton St. U:6A	South End	4 room, 2 bed, 2 bath Mid-Rise	$739,900
71042851	343 Commercial St U:405	Waterfront	7 room, 2 bed, 2 bath Low-Rise	$950,000
71045996	41 Beacon Street U:6	Beacon Hill	5 room, 2 bed, 2 bath Brownstone	$1,150,000
71045606	3 Roliins Street U:C301	South End	8 room, 3 bed, 2.5 bath Townhouse	$1,195,000
71045752	735 Harrison Avenue U:W501-502	South End	6 room, 2 bed, 2 bath Mid-Rise	$1,399,000

Above, 3 Rollins Street #301, South End, Boston, MA. The listing agent is Henry Kennedy of William Raveis Real Estate.

Columbus Center project is officially dead; the last word is mine

John Keith — Thu, 11 Mar 2010 03:41:36 +0000

The developers of the proposed Columbus Center mixed-use project have called it quits, according to the South End News.

Two of the lease-holders on the land slated for the project, Boston-based WinnCompanies and the California state pension fund known as CalPERS, could not come up with a viable business plan during the month that they were given since Feb. 9 to present a plan to state officials that indicated they had a scheduled timeline to restart construction on the project.

The writing was on the wall as long ago as summer, 2008, when I penned this opinion piece for the South End News. Everything I wrote then is true, today.

An opportunity to stitch back together a deep tear in the urban fabric was lost with the failed Columbus Center project, the proposed $800 million, mixed-use complex to be built on decks constructed over the Massachusetts Turnpike. After 11 years of fits and starts, it appears to have fallen victim to its own lethargy, as much as anything else. It seems unlikely the development will ever be built.

How could this possibly happen? How could a project that was so far along in the process unravel at the last minute, after construction had already started?

There is plenty of blame to spread around, beginning with the company that first proposed the development.

It looks as though Arthur Winn and his WinnDevelopment never secured the money needed to complete the project. According to published reports, the developer missed two deadlines earlier this year by which it was supposed to have proved to the Massachusetts Turnpike Authority that it had raised $500 million (it did prove it had at least half that). But, trouble was brewing long before then.

Back in 1996, the developer proposed a subsidy-free project, but soon after it received its first approvals, it began reaching out for taxpayer money. Meanwhile, its financing began to fall apart. Major investor Anglo-Irish Bank withdrew more than $500 million in commitments as early as 2006. The next year, the real estate subsidiary run by investment partner CalPERS (now “owner of record” on the project and “leasee” of the Turnpike air rights lease) threatened to pull out unless the state guaranteed public assistance. In early 2007, the developers came to the state asking for help; but by April 2008, they hit a brick wall, failing to make it to round two in their quest for a $10 million MORE (Massachusetts Opportunity Relocation and Expansion) grant. Not long after, MassHousing, the state’s affordable housing agency, withdrew its promise of another $20 million. When asked, the city of Boston, which had already committed $14 million in incentives and tax credits, said, “No more.”

Meanwhile, at the same time it was knocking on doors in search of funds, the developer faced a rapidly increasing budget, due to rising labor and material costs. The project had an estimated cost of $300 million when it was proposed in 1996, but that has ballooned to the now estimated $800 million. It sure didn’t help things when the credit crisis hit the commercial markets and residential real estate sales imploded.

If Mr. Winn had been able to pull things together, it would have been possible to ignore the constant drone of complaints from a small but vocal group of residents, neighbors and politicians, and we wouldn’t be having this conversation. But, he didn’t, it wasn’t, and we are.

The Columbus Center was more than just “luxury condos.” It would have included a grocery store, daycare center, parking, and new parks – the result of promises extorted from the developer during the more than 130 public meetings held throughout the neighborhood over the past 10 years. In the final analysis, our friends and neighbors asked for too much – their constant meddling unnecessarily prolonged the approval process to the point it became economically unfeasible to build.

Blame also lies at the feet of our local elected officials. House Speaker Salvatore DiMasi, South End State Representative Byron Rushing and Back Bay State Representative Marty Walz each spoke out against public financing for Columbus Center, in effect dooming its chances to move forward.

Ironically, at the same time they were expressing astonishment at the very idea of public funds going to a private company, they were supporting legislation that handed out millions (actually, billions) of dollars in subsidies to other projects across the Commonwealth.

For example, Reps. DiMasi and Walz approved $60 million in state spending and incentives to help “persuade” drug company Bristol-Myers Squibb to move to Massachusetts. They’ve both heaped praise on the Massachusetts film-credit incentive program, which the Department of Revenue estimates has cost the state $120 million over the past three years. And just this spring, all three voted in favor of the $1 billion life sciences bill, which authorizes $500 million in borrowed capital spending, an additional $250 million in grants, and another $250 million in tax incentives.

Yet, when it came to helping out someone in their own backyard, our representatives defied logic and suddenly clammed up and clamped down. It’s all well and good to argue against public subsidies on principle, but don’t pull it out as an excuse only when it’s politically expedient or personally beneficial.

What have residents lost, as a result of the project’s failure? Property tax revenues (eventually; the city had promised forgiveness of much of it during the first years), jobs, homes, parks, parking spaces and the conveniences of local shops, for starters. In addition, WinnDevelopment would have been required to include affordable-housing units as part of any new construction or make a significant financial payment into the city’s low-cost housing fund. These community benefits are all gone.

But, this is all water under the bridge, or decks, as it were. I, for one, have given up on the project. One small request, though. Mr. Winn, don’t feel any rush to clean up your construction site; please leave it as is – an enduring testament to the lost chances and broken dreams that define the development process in Boston in the 21st century.

New downtown Boston condo real estate listings for sale, March 10, 2010

John Keith — Thu, 11 Mar 2010 02:00:30 +0000

MLS #	Address	Neighborhood	Description	List Price
71044851	30 Peterborough U:34	The Fenway	3 room, 1 bed, 1 bath Mid-Rise	$269,900
71044829	8 Melrose Street U:2	South End	3 room, 1 bed, 1 bath Rowhouse	$289,900
71044832	5 Melrose St U:4	Bay Village	1 room, 0 bed, 1 bath Rowhouse	$329,000
71044709	37 Symphony Rd U:B	The Fenway	3 room, 1 bed, 1 bath Mid-Rise	$349,000
71044583	25 Clark St U:4	North End	3 room, 2 bed, 1 bath Brownstone	$379,900
71045177	108 Peterborough St. U:4A	The Fenway	3 room, 1 bed, 1 bath Mid-Rise	$399,000
71044707	146 Chandler St U:3	South End	3 room, 1 bed, 1 bath Rowhouse	$400,000
71044930	20 E Springfield St U:2	South End	4 room, 2 bed, 1 bath Mid-Rise	$429,000
71045027	612 Columbus Ave U:4	South End	6 room, 3 bed, 1 bath Mid-Rise	$479,000
71045049	612 Columbus U:4	The Fenway	6 room, 3 bed, 1 bath Mid-Rise	$479,000
71044729	233 North Street U:PH 4	North End	4 room, 2 bed, 1 bath Brownstone	$495,000
71045102	555 Massachusetts Avenue U:1	South End	4 room, 2 bed, 1 bath Rowhouse	$539,000
71045158	102 Gainsborough St U:204E	The Fenway	4 room, 2 bed, 1 bath Rowhouse	$549,000
71044718	485 Harrison Avenue U:307	South End	4 room, 1 bed, 2 bath Mid-Rise	$599,000
71045126	45 St. Botolph St U:1	South End	5 room, 2 bed, 2 bath Rowhouse	$629,000
71045184	7 Concord Sq U:2	South End	4 room, 2 bed, 2 bath Rowhouse	$629,000
71044635	357 Commercial St U:814	Waterfront	4 room, 2 bed, 1.5 bath Mid-Rise	$836,000
71045182	7 Durham U:4	South End	4 room, 2 bed, 1 bath Townhouse	$839,000
71044761	57 Marlborough St U:4	Back Bay	4 room, 1 bed, 2 bath Brownstone	$930,000
71044655	1313 Washington St U:319	South End	4 room, 2 bed, 2 bath Mid-Rise	$995,000
71044704	346 Congress Street U:401	Seaport District	5 room, 3 bed, 2 full, 5 half bath Mid-Rise	$1,200,000
71044651	1313 Washington St U:602	South End	5 room, 2 bed, 2.5 bath Mid-Rise	$1,395,000
71045185	1 Charles St S U:PH1-D	Back Bay	4 room, 2 bed, 2 bath Hi-Rise	$1,395,000
71045147	25 Walnut Street U:1A	Beacon Hill	6 room, 2 bed, 2.5 bath Brownstone	$1,480,000

Above, 7 Concord Square #2, South End, Boston, MA. The listing agent is John Neale of Sprogis & Neale Real Estate.

New downtown Boston condo real estate listings, March 9, 2010

John Keith — Wed, 10 Mar 2010 01:28:32 +0000

MLS #	Address	Neighborhood	Description	List Price
71044238	806 Tremont St U:1	South End	1 room, 1 bed, 1 bath Garden	$289,900
71044033	41 Worcester Sq U:6	South End	3 room, 1 bed, 1 bath Brownstone	$309,000
71044018	97 Mount Vernon St U:24	Beacon Hill	3 room, 1 bed, 1 bath Mid-Rise	$399,000
71044425	328 Commercial Street U:42	Waterfront	4 room, 1 bed, 1 bath Mid-Rise	$415,000
71044342	1140 Washington St U:2C	South End	2 room, 1 bed, 1 bath Loft	$519,000
71044027	725 Harrison Avenue U:E103	South End	5 room, 2 bed, 1.5 bath Townhouse	$525,000
71044111	2 Phillips St U:1	Beacon Hill	5 room, 2 bed, 1.5 bath Townhouse	$549,000
71044464	280 Beacon St U:42	Back Bay	3 room, 1 bed, 1 bath Mid-Rise	$585,000
71044001	63 W Cedar Street U:3	Beacon Hill	4 room, 2 bed, 1 bath Rowhouse	$589,000
71044118	370 Marlborough Street U:7	Back Bay	4 room, 2 bed, 1 bath Rowhouse	$614,000
71044250	61 Prince St U:2G	North End	5 room, 3 bed, 2 bath Low-Rise	$634,900
71044029	97 Mount Vernon St U:52	Beacon Hill	4 room, 2 bed, 1 bath Mid-Rise	$695,000
71044050	1313 Washington St U:230	South End	5 room, 2 bed, 2 bath Mid-Rise	$995,000
71044003	40 Isabella St U:4W	Bay Village	5 room, 2 bed, 2 bath Mid-Rise	$995,000
71044344	776 Boylston Street U:W 10C	Back Bay	5 room, 3 bed, 2.5 bath Mid-Rise	$4,495,000

Above, 1313 Washington Street #230, South End, Boston, MA. The listing agent is Brian Perry of Gibson Sotheby’s International Realty.

New closing at W Boston Residences brings total to eleven

John Keith — Wed, 10 Mar 2010 00:01:17 +0000

Things are heating up in the downtown Boston real estate market.

Another condominium sale in the W Boston Hotel and Residences was recorded at the Suffolk County Registry of Deeds, today, the eleventh in the newly-constructed building.

A 27nd-story, one-bedroom, one and ½-bath condo with approximately 1,040 square feet was purchased for $1,073,724, or $1,032.42+/- per square foot. The purchase price included one parking space and storage.

To date, one two-bedroom unit and four one-bedroom, one and 1/2 bath units, and four studios have sold in the 123 unit building, or approximately eight percent. Eight other units are showing as ‘under agreement’ in the local multiple listing service but this list is thought to be incomplete.

Here is a short description of what’s available at the W Hotel and Residences Boston.

W Boston in it’s iconic glass tower is also Boston’s newest premier residential address… enjoy Jean-Georges’ MARKET restaurant, the LIVING ROOM lounge and soon to be open BLISS spa. Views overlooking the steeples of the South End and peak of the bay toward South Shore.

Please contact me for more information and for buyer’s agent representation.

There are also several rental units available in the building. Contact me for more information.