Tag Archives: pied-à-terre

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 $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.

Posted in Boston Property, Buy Property, Condo, Investment Property, Luxury Building, Real Estate Sales Market, Real Estate Transactions | Tagged , , , , , , , , , , , , | Leave a comment