Tag Archives: downtown neighborhoods of Boston

35 Kingston Street #1/B: 4186 SqFt Blank Canvas of Mixed-Use Space in Downtown Crossing

New to the real estate sales market, 35 Kingston Street offers a creative buyer a rare opportunity to acquire a substantial amount of square feet in a premier location, Downtown Boston. Currently being used as two separate commercial spaces, this 4186 sq ft raw mixed-use space can be combined to create an incredible live/work area spread over two levels.

The location at 35 Kingston Street is convenient to public transportation such as the orange and red lines, commuter rail and AmTrack, and it is minutes to the main highways (I-90 Mass Pike and I-93) and an express lane to the airport. In addition, approximately $2.4 billion has been privately invested into the downtown area of Boston over the past 10 years creating a vibrant neighborhood filled with restaurants, college facilities and lecture halls, new residential high rise condos, theatre restorations, luxury hotels, shops, etc. With more projects from commercial to residential planned, valuing approximately $800 million, and a committed community of property owners (Downtown Boston Business Improvement District) dedicated to transforming the Downtown Crossing area of Boston area into a clean and lively neighborhood, $1million for 4186 sq ft at 35 Kingston Street is a well-priced investment with incredible potential.

35 Kingston Street #1:B exteriorThe lower level offers 2174 sq ft, if a buyer would want to keep this as commercial, this can be subdivided to maximize commercial potential. The first floor display level offers 2012 sq ft, 14ft ceilings, exposed brick, aged wood floors, and incredible possibilities for either a residential condo or large open commercial space. As it currently exists, 35 Kingston 1/B is not realizing its full potential, but for a creative buyer it offers endless options. Large spaces, such as 35 Kingston Street offers, have made incredible art galleries and studios, performance spaces, or a truly one of a kind home. The master deed has already been amended to allow converting the spaces from commercial to residential.

This project is not for the faint of heart, it will take a buyer with passion and creativity to see how this space can be maximized. But once completed, the new owner will have over 4000 sq ft in the most dynamic of Boston’s up and coming neighborhoods.

Exclusively listed by the Matthew and Alisa Group, contact us to schedule a private showing.

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New Rental Listings in Boston’s Back Bay, Beacon Hill, and Leather District

Spring has sprung and the warmer weather brings with it new rental listings!

In Back Bay, located at 41 Commonwealth Avenue #3 is a lofted one bed with high ceilings and a fireplace featuring period details. If this sounds familiar it may be because The Matthew and Alisa Group listed the condo for sale earlier this year. The building has common laundry and private storage deeded to the unit. Available for rent May 1st for $2600.

Apartment for Rent at 41 Commonwealth Ave #3

In Beacon Hill, located on the 3rd floor of Anderson Street at the corner of Phillips Street is a beautiful 1 bedroom plus study. This unique layout has windows facing north and south, a spacious kitchen, and generous bedroom. The building has common laundry and a common roof deck.  Available for rent June 1st for $2400.

Apartment for Rent at 27 Anderson St #6

In the Leather District, 181 Essex Street offers a beautiful new construction one bedroom in a professionally managed elevator building. Every room gets incredible afternoon light. The kitchen offers gas cooking, granite counter tops, and stainless steel appliances. Laundry is in unit and private storage is included in the building. Pets are possible with references. Available for rent June 1st for $2900.

Apartment for Rent at 181 Essex Street #405

If you have any questions or would like schedule a private showing, contact Alisa Peterson at alisa.peterson@sothebysrealty.com or 617-997-2414. If none of these are quite what you are looking for you can search apartments for rent in Boston on our site. Or contact us as we may have other options for you.

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Boston Real Estate Sales Market: Why Now is a Good Time to Sell

Boston’s population is the highest it’s been since the 1970s, up to over 625,000 people. With cranes as far as the eye can see, new developments are going up in areas considered in the past to be tired or rundown. However, buildings are not going up as fast as the demands call for it.

Buyers are chomping at the bit to enjoy the lifestyle that comes with city living offered in the downtown neighborhoods of Boston. Convenience of shops and restaurants, little to no need for cars, and the vibrant energy of the city are appealing to young professionals, empty nesters, and young families. More people prefer the location and lifestyle that comes with living in a condo over square footage and a yard that comes with a single family home. The demand is high, inventory remains low, and people are ready, willing, and able to pay what the market demands. The competition between investors and home buyers is stiff. Investors are fully aware rentals are in as much high demand as condos, so they are not concerned with the investment potential associated with rental property.

Boston city living is in high demandOver the weekend Matthew Gaskill and Alisa Peterson hosted an open house at their listing 41 Commonwealth Ave #3. A beautiful lofted one bed on the second block of Commonwealth Ave in Boston’s Back Bay neighborhood priced at $489,000. The open house was from 11:30am-1pm, in the hour and a half the door was open, over 50 groups came through. The buyers ranged from first-time homebuyers, empty nesters, and investors. And as a result the property was under agreement Monday evening after receiving multiple offers.

This is not a rare occurrence and it is fantastic for sellers. The high demand is driving up prices and lowering the days a property is on the market. More properties are coming on the sales market, however,  and well-priced properties are going under agreement after the first open house. Why wait until next year to sell? We know today’s buyers have the strongest buying power in years. Inventory remains low. Low inventory means low competition which equals the highest price possible.

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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 Million Buy in Boston's South End?

When comparing some of the popular downtown neighborhoods of Boston, the data shows buyers get more for their money in the South End than they might in Back Bay or Beacon Hill. In the past 6 months, 12 condos and 9 single family homes were sold in the South End for the $2 million range. The average sale price per square foot for single family property was $619 with an average living area of 3318 square feet. The average sale price per square foot for a condo was $837 with an average living area of 2407 square feet. The difference being many of the condos are in new construction, full-service buildings.

43 Lawrence Street

Located on a quiet one way street that runs the 2 blocks between Dartmouth Street and Berkeley Street, this renovated single family home was originally listed for $1,795,000. With 3 bedroom, 2.5 bathroom home sold in 17 days for $1,775,000.

43 Lawrence Street - Rondeau:Tierney Real Estate, LLC

43 Lawrence Street – Rondeau:Tierney Real Estate, LLC

 

7 Worcester Square

This single family home is a perfect example of why pricing your home to sell is crucial in getting it sold. This 5700 square foot Victorian townhouse featured 6 bedrooms, 3 full bathrooms, and 2 half bathrooms. This home was renovated from top to bottom with no detail unnoticed and sat on the market for 586 days. I don’t know all the details about why it sat for long, but according to the MLS data it was listed in January 2011 for $3.5 million. The first price reduction was in October 2011 to $2.779 million and eventually expired at the end of online casino December. Then came back on the market in January 2012 for $2.629 million and was reduced again to $2.575 million in February. This single family was then re-listed with another office at the end of September 2012 for $2.575 million and was sold in 17 days for $2.325 million.

This home could have sat on the market for many reasons and I don’t know the particulars but based on the data, price may have been a major issue.

7 Worcester Square - Sprogis & Neale Real Estate

7 Worcester Square – Sprogis & Neale Real Estate

 

1313 Washington Street #230

Wilkes Passage is a new construction, full service, luxury condo located on Washington Street. This 3 bedroom 2 bath 1892 square foot condo was tasteful, elegant, and spacious. Listed for $1,695,000 and sold for $1,775,000 in 3 days making it $938 per square foot, parking sold separate.

1313 Washington #230 - Coldwell Banker Residential Brokerage

1313 Washington #230 – Coldwell Banker Residential Brokerage

 

42 Union Park

Union Park is perhaps the most desired street in the South End, which mean properties on Union Park are priced and sold at a premium. This condo featured 3 bedrooms, 3.5 bathrooms, high ceilings, original details, private patio, and parking. At 3,165 square foot, this parlor triplex was listed for $1,895,000 and sold for $1,842,500 in 9 days.

42 Union Park #1 - Keller Williams Realty International

42 Union Park #1 – Keller Williams Realty International

 

The South End offers living options for multiple lifestyles and at $2 million in the South End, a buyer can find something spectacular.

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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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What Can You Buy for $1 Million in the South End?

Last time I wrote about what can you buy for $1 million in Boston’s Back Bay neighborhood. This time I will show you what you can buy for $1 million in the South End.

According to the MLS data, over the last 6 months there have been 60 condos and 1 single family home sold in the South End. You get a little more for your money in Boston’s South End compared to Back Bay. The average sale price for South End condos were $952,378 and the average price per square foot was $647.

What I love about the South End is that it is a real neighborhood. People enjoy wine or coffee (depending on the time of day) on their stoop with their neighbors. Residents stop to say hi to one another while they are out walking their dogs or babies. Wonderful restaurants on nearly every street serve every type of meal a person could want from top-grade sushi and french cuisine to classic hamburgers and bar snacks. Even though it seems the South End consists of nothing but beautiful brownstones, modern construction can also be found if you know where to look.

Appleton Street

This penthouse duplex is on one of the most desired streets in the South End, and it is no surprise it went on and off the market in the blink of an eye. Listed at $750,000, this 2 bed 1.5 bath 1,010 sq ft condo sold for $830,000 all cash in 20 days but had an accepted offer after 4 days. This was one of two condos in this brownstone and featured a roof deck with beautiful views of Boston’s skyline, an open layout perfect for entertaining, and a private entrance.

Sold South End Condo at 17 Appleton Street

17 Appleton Street – Meridian Realty Group

 

Harrison Avenue

The South End offers condos converted from unique places. This 2 bed 2 bath 1723 sq ft corner loft was converted from a warehouse. The unit offered incredibly high ceiling and enormous windows displaying the Boston skyline from the 4th floor. It is in a professionally-managed elevator building just a few blocks from the SOWA open market and the dog run in Peter’s Park. This loft-like condo sold for asking at $959,000 in 21 days.

485-495 Harrison Avenue – Ballast Realty Group

 

Union Park Street

Not only can you find converted warehouses in the South End, but also a bank converted to condos. The former Penny Savings Bank on the corner of Union Park Street and Washington Street now offers renovated contemporary condos. This 1 bed plus office offered a private terrace, renovated kitchen with open layout, floor-to-ceiling windows, garage parking, and a common roof deck. Asking $879,000, this condo sold in 13 days for $856,000.

Sold Condo at 30 Union Park Street

30 Union Park Street – Keller Williams Realty International

 

Greenwich Park

For modern living in a classic brownstone, this penthouse duplex offer the best of both worlds. This 1621 sq ft  listing offered 2 spacious bedrooms, 2.5 bathrooms, a working fireplace, and a private roof deck. Situated along the Southwest Corridor, you are steps from the best of Back Bay and the South End. Listed at $1,225,000, this listing sold for $1,200,000 in 16 days.

Sold Condo at 22 Greenwich Park

22 Greenwich Park – South End Realty Group

 

Search condos in the South End between $800,000 and $1,200,000. To see condos in the South End in person, contact the Realtors of Matthew and Alisa Group Real Estate.

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121 Beach Street #703: Modern Loft Living in the Leather District

The Leather District is located near South Station between Chinatown and Downtown Boston. This neighborhood was first developed as leather factories in the late nineteenth century and converted into an urban residential neighborhood in the late twentieth century. Due to its smaller footprint than most Boston neighborhoods, quality listings are not easy to come by. Which is why Matthew Gaskill and I are excited to announce our new exclusive listing at 121 Beach Street #703!

Built in 1913 by architect Arthur H. Bowditch, 121 Beach Street was originally built to sell leather with the street level used for display and the levels above meant for manufacturing. In 1998 the building was converted to twenty-five residential condos and one commercial condo, but maintained the original barrel-vaulted ceilings and brick & beam structure.

Living Area at 121 Beach St 703Our listing is unit #703, a 1688 square foot open-layout loft priced at $750,000. This unit features two spacious bedrooms, two full renovated bathrooms, and an open-concept living and dining area with plenty of storage, which is perfect for entertaining. Located on the seventh floor (one level higher than surrounding buildings), this unit gets wonderful light with north and south exposures and has great views of the downtown Boston skyline to the north. This unit can be rented out, so if you are looking to invest in real estate, this is something you will want to see. The building is professionally managed and the condo fees are under $500 and include everything except electric and gas. The building is also pet friendly.

Master Bedroom at 121 Beach St #703

121 Beach Street is conveniently located steps from South Station, Downtown Boston, and the Financial District. In a less than a 10 minute walk, you can find yourself in Fort Point enjoying some of the best restaurants in Boston, such as Sportello and Menton. Just another 5 minutes away you can be in Seaport enjoying more great restaurants and  and fun nightlife Temazcal Cantina and the new 75 on Liberty Wharf. If the 10-15 minute walk is too far, located 2 blocks away from 121 Beach Street is O-Ya, the best rated sushi restaurant in Boston.

Getting in and out of the Leather District is a cinch. With South Station down the street you can access the Red Line to Cambridge, take the commuter rail or Amtrak to Providence or New York, or pick up the the Sliver Line to the Boston’s Logan Airport. Driving is also easy with the Massachusetts Turnpike (I-90) and I-93 ramps a few blocks away.

121 Beach Street #703 offers an urban loft feel that doesn’t come around too often in Boston. With this location and what the area has to offer, I hope you get a chance to see it before its gone. An open house is scheduled for 1-2:30pm on Sunday November 4th, 2012. To schedule a private showing, contact the Realtors of Matthew and Alisa Group.

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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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How We Can Help You Decide Where to Live in Boston

Are you new to the area or looking for the neighborhood that best suits your lifestyle?

We are available to discuss and share our insights on the city and its neighborhoods. Trust us, we could talk about Boston and its neighborhoods for hours. But if you’d prefer to do some research on your own before you get us talking, our website is a great source.

We have integrated the website with resources such as Walk Score, education.com, Yelp, and Google Maps to help educate those in the midst of an international relocation and those looking for a new neighborhood to call home.

  • The Walk Score feature will provide one score for the walkability of a location and another score for its access to public transportation.
  • The Yelp integration allows you to locate nearby services including dry cleaners, coffee shops, grocery stores, health providers, athletic facilities and gyms, restaurants, and much more.
  • Our education.com feature will show area schools on a map, provide contact information, offer a brief description as well as a link to more thorough information and reviews on the education.com website.
  • By featuring Google Maps on our website, we are able to provide access directly to Google Street View without the need to leave the property listing.
  • The Zillow integration offers a variety of charts and data providing insight on the real estate market and area demographics.

We think these tools will give you the ability to find the area right for you and your lifestyle. Of course, I am always available to discuss in more detail or if you have any questions.

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