Tag Archives: Beacon Street

What Does $500K Buy in Back Bay?

I have given examples about what you can buy for $1 million in Back Bay and for $2.5 million in Back Bay in the current real estate sales market, but what about $500,000? In an neighborhood with grand mansions, renovated condos, and luxury high rises, can $500,000 go very far? Let’s find out.

According to MLS, over the last 6 months 30 condos have sold between $450K – $550K. The average sold price per square foot was $728, the average days on market was 59, and the average sold price was $499,728. The condos range from renovated one beds in traditional brownstones to luxury studios in high-rise full-service buildings. All of which make for an ideal pied-à-terre or investment property.

351 Beacon Street #6

This bright 680 square foot 1 bed 1 bath condo featured a renovated kitchen and bath. Located on the corner of Fairfield Street at Beacon Street, this condo was listed for $493,000 and had an accepted offer after 8 days on the market for the full asking price.

351 Beacon Street #6 - Coldwell Banker Residential Brokerage

351 Beacon Street #6 – Coldwell Banker Residential Brokerage

 

326 Dartmouth Street #2

Located on Dartmouth Street near Marlborough Street, this renovated 741 square foot lofted 1 bed condo is something special. Featuring high ceilings and classic details but with a modern kitchen and bath. The condo was listed for $524,000 and sold for $517,000 after 143 days on the market.

326 Dartmouth Street #2 - Paragon Properties

326 Dartmouth Street #2 – Paragon Properties

 

110 Stuart Street #26I

The Residences at the W feature high-end finishes in every unit and luxury services. Located on Stuart Street, this 512 square foot new-construction studio features incredible views from the 26th floor. Listed for $550,000, it sold in 2 days for $525,000.

110 Stuart Street - Otis & Ahearn

110 Stuart Street – Otis & Ahearn

 

113 Marlborough Street #7

Located on one of the most desired locations in Back Bay, this 779 square foot 1 bed 1bath condo features incredible light and plenty of storage. Listed for $525,000, it had an accepted offer after 5 days on the market, and sold for $550,000.

133 Marlborough Street #7 - Gibson Sotheby's International Realty

133 Marlborough Street #7 – Gibson Sotheby’s International Realty

 

Search here to see what is for sale between $450-$550K in Back Bay, but with the way the market is behaving, what you see now, may not be available tomorrow.

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What Can You Buy For $2.5 Million in Boston's Beacon Hill?

Depending on where you live in the world, $2.5 million can buy something special and in Boston”s Beacon Hill neighborhood this is no exception. Over the last 3 months, according to MLS, 6 condos sold between $2 million and $3 million with an average of 2,666 square feet and the condos sold at an average of $875 per square foot.

107 Chestnut Street #5

This unique 3145 square foot 4th floor duplex features 3 beds, 3 baths, 2 fireplaces, and a parking space. Built in 1913 to resemble an Italian Villa, this condo was a beautiful contrast to the traditional brick town homes in the neighborhood. Originally listed for $3,050,000, it sold for $2,250,000 after 45 days on the market.

107 Chestnut Street #5

107 Chestnut Street #5 – Coldwell Banker Residential Brokerage

 

34.5 Beacon Street #7N

Located on the 7th floor, this 3 bed, 2.5 bath condo is in one of the online casino very few concierge buildings in Beacon Hill. At 2,355 square feet, this condo was listed for $2,375,000 and sold for $2,325,000 after 87 days on the market.

34.5 Beacon Street #7N

34.5 Beacon Street #7N – First Boston Realty Group

 

37 Brimmer Street #1

This lower triplex located on the corner of Mount Vernon features 2 beds, 2 baths, 3 fireplaces, and a private patio. This 3133 square foot condo was listed for $2,495,000 and sold for $2,400,000 after 208 days on the market.

37 Brimmer Street #1

37 Brimmer Street #1 – Gibson Sotheby”s International Realty

 

33 Chestnut Street #3&4

Located on the sunny side of Chestnut street, this recently renovated 2 level condo features 3 beds plus an office, 2.5 baths, and a large private deck. Listed for $2,695,000, it sold for $2,500,000 after 113 days on the market.

33 Chestnut Street #3&4

33 Chestnut Street #3&4 – Coldwell Banker Residential Brokerage

 

The higher the price point the smaller the pool of buyers becomes, which accounts for why the days on market for a couple of these listings are higher than the Beacon Hill average of 91 days on market during the last three months. With that being said, buyers who appreciate unique homes in Beacon Hill are never too far away.

For a lower price point, see what you can buy for $1 million in Beacon Hill.

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What Does $2.5 Million Buy in Back Bay?

We already know what you can buy with $1 million in Back Bay but how much does the inventory change at $2.5 million?

According to MLS for the last 6 months, 22 condos and 1 single family home sold between $2 million and $3 million in the Back Bay neighborhood. The average sale price was $2,379,136 with the average sale price per foot was $1042.

Commonwealth Avenue

Listed for $2,395,000, this incredible 3 bedroom duplex on historic Commonwealth Avenue sold in 25 days for $2,323,000. The 2275 sq ft condo featured 2.5 bathrooms, a beautiful terrace, a garage parking space, and central heat/ air conditioning.

247 Commonwealth Avenue - Coldwell Banker Residential Brokerage

247 Commonwealth Avenue #A – Coldwell Banker Residential Brokerage

 

Boylston Street

The Mandarin Oriental Boston offers the highest level of luxury which shows in every detail of their condos. This 1,953 square foot 2 bedroom and 2.5 bathroom on the 11th floor was listed for $2,895,000 sold for $2,550,000 and included parking. As is common in the Mandarin Oriental, the condo sold for a premium price per square foot, $1305 per square foot in the case of this 11th floor condo.

776 Boylston Street - Hammond Residential

776 Boylston Street E11E – Hammond Residential

 

Beacon Street

This 3,100 square foot 4 bedroom 4 bathroom was listed for $2,699,000 and sold in 20 days for $2,550,000. This property featured single level living, direct elevator access, 2 parking spaces and much more square footage that one would normally find in this price range in Back Bay because it was a co-op building instead of a condo building. This buyer bought shares in the building, not the actually space, which is more common in New York City than it is in Boston.

282 Beacon Street - Campion and Company

282 Beacon Street #2 – Campion and Company

 

Newbury Street

When most people think of Newbury Street, they conjure up images of high end shopping, funky boutiques, relaxing salons, and the much deserved frozen yogurt break. Not many would think that hidden behind one of the many brownstones, there was a stylish modern penthouse that featured 2124 square feet of living space, 3 bedrooms, 3 bathrooms, and 3 parkings spaces. Listed at $2,859,000 this condo with private deck with grill and hot tub, sold for $2,800,000.

294 Newbury Street - Warren Residential Group

294 Newbury Street PH – Warren Residential Group

 

Marlborough Street

Even though the single family home was an anomaly in this price range in Back Bay, it is worth mentioning. On the market for a total of 1502 days! Originally listed in April of 2007 for $3,899,000 this 4,440 square foot 5 bedroom plus study with 3.5 bathrooms sold this past June for $2,774,500 after finally being reduced to $2,895,000. It may have taken awhile but it just shows that the economy is coming back up and people are investing in high end real estate.

434 Marlborough Street - Boston Realty Advisors

434 Marlborough Street – Boston Realty Advisors

 

The market for luxury real estate in Boston’s premier locations continues to produce sales. If you are in the market to buy property in Back Bay, please contact us for more information.

Schedule a consultation with a Realtor

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What Can You Buy for $1 Million in Beacon Hill?

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.

Mount Vernon Street

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.

Sold Condo on Mt Vernon Street

51 Mount Vernon Street – Coldwell Banker Residential Brokerage

 

Chestnut Street

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.

Sold Condo on Chestnut Street

27 Chestnut St – Coldwell Banker Residential Brokerage

 

Revere Street

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.

Sold Condo on Revere Street

93 Revere Street – Hammond Residential

 

Beacon Street

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.

Sold Condo on Beacon Street

36 Beacon Street – CL Waterfront Properties

To learn more about Beacon Hill and other Boston neighborhoods, visit our where to live page.

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