One of the most prestigious neighborhoods in Boston is Beacon Hill and the property there can be some of the most sought after in the city. Matthew Gaskill wrote about the Mt Vernon Proprietors and how they shaped Beacon Hill into the neighborhood as we still know it today. Properties in Beacon Hill tend to have a smaller footprint, making living area more vertical and narrow. Properties in Beacon Hill also have strict guidelines to follow when doing renovations, restrictions that sometimes prevent the owners from making improvements to the property.
Let’s break down the data!
Over the last 6 months there have been 26 condos and 2 single-family homes sold in Beacon Hill between $800,000 and $1,200,000. The average sale price for the condos was $972,156 while the average sale price per square foot was $695. If you remember from when I wrote about what $1 million buys you in Back Bay, the average sale price for condos was $953,039 and the average sale price per square foot was $758. The reason for the difference in price per square foot is parking! Getting a condo that comes with parking in Beacon Hill is like finding a unicorn wearing a four-leafed clover garland with a golden ticket to Wonka-Land in it’s mouth. Maybe not THAT unlikely but not too far off.
Originally built in 1804, this 2 bed 2.5 bath duplex on Mount Vernon Street was listed at $899,00o and sold in just over a month for $875,000. This 1625 square foot condo featured 2 fireplaces, a private patio, and is located just behind the state house on the top of the hill. However, the property does not have central air conditioning, so in the balmy summers window units will have to suffice.
Since Boston is a old town with historic properties, many buildings have been converted from their original intended use. In the South End, warehouses have turned into large open lofts. In both Back Bay and Beacon Hill, single family mansions have been broken into condos. This particular 2 bed 2 bath on Chestnut Street was once a Gothic church built in 1880. Converted to condos in 1965, this 1220 square foot was listed at $950,000 and sold for $920,000 in under one month.
This sunny penthouse duplex on Revere Street featured 2 bedrooms, 2 baths, and 2 fireplaces. Originally built in 1900, this 1500 square foot corner condo has 3 exposures and a roof deck with gorgeous views from Back Bay to Cambridge. It was listed at $1,199,000 and sold for $1,190,000 in 13 days.
Located across from the Boston Common, this Beacon Street penthouse condo featured 2 private decks, 2 bedrooms, 2 bathrooms, and 1 fireplace. Originally built in 1860, this 1750 square foot condo also had an elevator with direct access to the unit and vaulted ceilings. It first came onto the sales market for $1,250,000 and sold in 7 days for $1,200,000.