I had the chance over the weekend to take a look at the Signal Lofts in South Boston and I must admit I was impressed. They have done a great job at providing value to potential buyers. The building itself is a former factory building that they are converting into 75 condos, 21 of which are for sale only to certified BRA artists to continue to give this neighborhood an artistic feel. The remaining 54 unit are currently being sold and judging by the response at the open house this weekend, they won’t last long!
All of the units will have beautiful expresso hardwood floors that are incredibly rich in color. The kitchens of course all feature granite counters beautiful cabinets with the whisper quiet drawer system. Stainless steel appliances and laundry hooks up in every unit complete the appliance packages. The units are all a great size with most 1 bedrooms in 800 plus sq. ft. range and have fantastic layouts that make good use of the space. The bathrooms are all done in marble, from the floors to the counters to the tub surround. The cherry on top though, has to be that all the units include a garage parking space. This will certainly give other developers something to think about! The building will also feature a community roof deck which should provide incredible views of the downtown skyline and the perfect place to relax on a nice summer day. Close to great restaurants and the T, this building really has a lot to offer for those looking to purchase a new home! I’ve included some price points below to give an idea of what’s available and the link up top provides even more information. For buyers representation or to schedule a tour of the units please feel free to send me an email or call 617-449-3642.
1 beds
starting at: $379,000
870 sq. ft.
Condo Fee: $261 approx.
2 beds
starting at $549,000
1209 sq. ft.
Condo Fee $362 approx.
FP3 the newest loft building in the Seaport neighborhood is set to announcing any day that they have been given FHA approval. So what does this mean for you? Quite simply you can move into the newest building in the Seaport with a down payment as little as $12,000. This will certainly be a major boon to those first time buyers that are looking to buy a place in the city, but with only a few weeks left before the tax credit deadline they will have to move quickly. For those that are interested, FP3 does have 16 studio condos still available all priced from $319,000-$399,000. To see what you can get for $12k take a look below:
For more information on FP3 take a look at our luxury building page. If you’re interested in scheduling a showing call 617-449-3642.
After doing some exhaustive research into what’s really happened to the Boston Condo Market for the past decade, we thought we’d release this little nugget of information for you. The best size condo to invest in from 2000-2009 in Back Bay was a studio. I know this probably catches quite a number of you off guard, with many thinking that buying a 1 bed would have been a good idea, but it was studios that gained the most value.
From 2000-2009 the price/sq.ft. for studio’s in Back Bay increased 87%! This was well above the next best investment, (1 beds) which came in at increase of 58%. The real loser so to speak for the decade was 3 beds or more which only increased 25% on price/sq. ft. basis.
The market data speaks for itself here. Condos in Boston’s top neighborhoods are moving and they are moving for more than last year. If you were thinking about selling last year but were scared, don’t wait this one out because there are buyers out there!
Back Bay 2010
15 Condo’s sold
Avg. Sale Price: $1,979,553
Avg. Price/Ft: $1137
Back Bay 2009
7 Condo’s Sold
Avg. Sale Price: $1,255,929
Avg. Price/Ft: $946
Beacon Hill 2010
4 Condo’s Sold
Avg. Sale Price: $453,000
Avg. Price/Ft: $694
Beacon Hill 2009
0 Condo’s Sold
South End 2010
12 Condo’s Sold
Avg. Sale Price: $542,042
Avg. Price/ft: $596
South End 2009
2 Condo’s Sold
Avg. Sale Price: $370,000
Avg. Price/ft: $523
There are only 51 days left until the First Time Home Buyer Tax Credit runs out. The extended tax credit deadline means you have to have your P&S signed by April 30th. So far out of top 7 Boston neighborhoods 190 condos have been sold under $500k (a typical threshold for first time buyers). If you’re interested in taking advantage of this tax credit before time runs call me this week to get started! 617-449-3642
The Real Estate Wars between Tom Brady and wife Gisele maybe done for the time being, but it’s far from over. Tom Brady’s house has been pulled off the market after 144 days without a single price drop. The monster home with over 5300 sq. ft. of space and priced at $10.9 million has been marked as withdrawn from the MLS. So are we likely to see this property come back on sometime soon? I think so, I’m surprised no one picked up this property already considering the owner. I guess until the next round we will just have to wait and see who wins this war.
Signal Lofts | Chris Dunn | 
March 23, 2010 2:16 pm | 
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