Tag Archives: condo in Back Bay

Exclusive New Listing: 41 Commonwealth Avenue #3

Matthew Gaskill and Alisa Peterson have listed a new Back Bay condo. This parlor level property is located on the beautiful and historic Commonwealth Avenue, known as Comm Ave to the locals, a street designed after Parisian boulevards with its wide swath of tree-lined park running down the middle. 41 Commonwealth Avenue #3 is located on the sunny side of Comm Ave, which affords it ample Southern light throughout the day. Located on the second block of Comm Ave, between Berkeley and Clarendon, 41 Comm Ave is only one block from Boston’s Public Garden and one block from the shops of Boston’s famed Newbury Street.

41 Commonwealth Avenue was built around 1869, one of four adjoining houses (41, 43, 45, and 47 Commonwealth) built at the same time for banker, real estate investor, and lumber merchant Elijah Chesley Drew and his wife Hannah. The Drews made their home in 41 Commonwealth Avenue and sold the three remaining homes.

41 Comm Ave #3 Back Bay condo for saleThis lofted one bedroom condo features soaring 13 foot ceilings, parquet hardwood floors, and period details that include crown molding, wainscoting, and a fireplace with matching mirror above the mantle. The living space is large enough to live and entertain with areas for a sitting area, work station, and a full dining table. The kitchen is fully appointed with stainless steel appliances and a dishwasher. The building features free laundry facilities and a deeded storage area for the exclusive use of the owner of unit #3.

41 Comm Ave #3 would make a great home for a first-time homebuyer, as well as a pied-à-terre or an investment property. The current owners lived in the property until last year when their family expanded and have rented the property for $2600 per month for the last year. At the current rental price, the property offers a healthy positive cash flow as well as the promise of steady appreciation rate in a prime location within Boston’s Back Bay neighborhood. With rental prices steadily increasing, the return on your investment will increase in both cash flow and appreciation over time.

With the location on Boston’s best street, owners and tenants alike enjoy all Boston has to offer. The offices of Back Bay are a short walk away while downtown is accessed via a short train ride. When work is over for the day, 41 Comm Ave #3 offers proximity to the Esplanade for a bike ride or jog before heading out for shopping or to one of the eateries along Newbury Street.

The 724 square foot condo at 41 Commonwealth Avenue #3 is being offered at $489,000.

First showings will take place Sunday March 3rd from 11:30-1. Offers, if any, will be reviewed after the open house. Please contact us with and and all questions or to schedule a private showing.

Posted in Alisa Peterson, Boston Property, Condo, Investment Property, Matthew Gaskill, Property for Sale, Rental Property | Tagged , , , , , , , , , , , | Leave a comment

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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Exclusive New Listing: 141 Arlington Street #4 in Bay Village

Alisa Peterson and I are proud to announce our new listing at 141 Arlington Street #4, a condo in Bay Village, the neighborhood between the South End and Back Bay. This property and its ideal location would make a perfect fit for a first home, an investment property, or a pied-à-terre. The home is a turnkey possibility as the owner will consider selling as a furnished condo.

141 Arlington Street condo for saleThe sunny one bedroom condo in Bay Village was gut renovated in 2003 when the building was converted to condos. And 141 Arlington Street #4 was built to maximize space. The condo is west facing with unblocked afternoon light through three large windows. Hardwood floors are found throughout the condo and ample storage exists in both the closet and cabinetry. The building features professional management, common laundry, and extra storage private to the unit.

As far as an investment property the condo offers both a cap rate over 5% and a positive cash flow. Combined with an area with impressive historical appreciation rates, 141 Arlington Street #4 is positioned as a excellent investment property.

The Bay Village neighborhood is a convenient location with access to public transportation options such as the Green Line at Arlington Station and the Commuter and Orange Lines at Back Bay Station. Entrance and exit ramps to I-93 and the Mass Pike (I-90) are also nearby. And it is an easy walk to Back Bay, the South End, the Theater District, and Midtown, and Beacon Hill.

Contact us with any questions or to schedule a showing of the condo at 141 Arlington Street #4. Or click below to subscribe to our newsletter for email alerts of new listings.

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What Can You Buy for $1 Million in Back Bay?

News outlets have been promoting how the housing crisis is in recovery and that the low mortgage rates make now a great time to buy! This may be true but what do you get for your money in today’s sales market in Boston?

Depending on the type of lifestyle you want, one of the downtown neighborhood in Boston can accommodate. This blog will focus on the Back Bay neighborhood and Back Bay condos.

What does $1 million buy you in Back Bay?

If we go by the data, $1 million can get a beautiful condo in Back Bay. I did a search of sold listings between $800,000 and $1.2 million in Back Bay. Over the last 6 months there have be 56 sold condos in Back Bay with an average sale price of $953,039 and the average price per square foot is $758.

One of the best things about buying a condo in Back Bay is that you don’t have to choose between lifestyle and location. Whether you want a luxury high rise or a historic brownstone, there are available condos in Back Bay.

Marlborough St

Penthouse living on Sunny Marlborough Street, this 1050 square foot 2 bed 2 bath renovated condo with parking and roof rights sold at the beginning of summer for the asking price of $999,000 after being listed for only 1 day. This condo in Back Bay offered high ceilings, an open layout, and top of the line kitchen with Viking Stove and granite countertops. The fireplace warms this condo into a home on the quietest residential street in Back Bay.

Condo in Back Bay on 299 Marlborough Street

299 Marlborough Street – Thread Real Estate

 

Commonwealth Ave

Located on one of the most historic streets in Boston, this 1300 square foot 2bed 1.5bath renovated condo in a brownstone with parking sold this summer for $1,000,000. Built in 1890, this sunny third floor condo offered high ceilings with classic crown molding, a bay window, and 2 fireplaces. Renovated to modern tastes, this condo in Back Bay also has central air conditioning, a chef’s kitchen with stainless steel appliances, and laundry in unit. This condo sold in 6 days!

Condo in Back Bay on 286 Commonwealth Avenue

286 Commonwealth Avenue – Warren Residential Group, LLC

 

Beacon St

Just a block from the Charles River, this 1797 square foot 2 bed 2.5 bath renovated duplex with parking and private patio sold for $1,080,000. This condo has a everything to call it home. From the classic features of hardwood floors, bay windows, 2 fireplaces to modern conveniences of laundry in-unit, central heating and air conditioning, granite countertops, stainless steel appliances, and walk-in closets. This condo in Back Bay was sold in just over 2 weeks for 98% of asking price.

Condo in Back Bay on 369 Beacon Street

369 Beacon Street – Realty Development Services

 

Newbury St

If you are not interested in a traditional brownstone, Back Bay also offers incredible options for modern luxury living. On Newbury Street, this 1330 square foot 2 bed 2 bath corner unit with garage parking and a concierge sold this spring for $1,130,000. Enjoy the 6th floor views of Back Bay from the floor-to-ceiling windows and want for nothing with Back Bay at your fingertips.

Condo in Back Bay on 360 Newbury Street

360 Newbury Street – Otis & Ahearn

 

Search condos in Back Bay for $800,000 to $1,200,000. To see Back Bay condos in person, contact the Realtors of Matthew and Alisa Group.

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