October 2009

There are 5 blog entries for October 2009.

New Listing in South Boston!

I just listed this 2 bed plus, 2 bath condo with a private roof deck and 1 deeded parking space. It's located on West Broadway in South Boston between E & F Streets. The unit features hardwood floors, central air, granite counters, stainless steel appliances, Master Suite with a jacuzzi tub and a walk in closet with California Closets, washer/dryer in unit, gas fireplace, a nice back deck, and a gorgeous private roof deck. It's 1165 square feet and has a nice open living and kitchen area. It is currently rented but the tenant is relocating to Richmond, Virginia. If you were to purchase this condo with 20% down at current mortgage rates, your monthly payment including principal, interest, taxes, and condo fees would be approximately $2400/month. Not a

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Louis Boston moving to Seaport DistrictIs this a good move? High end clothing boutique Louis Boston will be moving to the Seaport District/Fan Pier in Spring 2010. It's current location is between Newbury Street and Boylston Street. They have been in that space since 1988, so this is a big move for them. Will they be successful in Fan Pier? I don't know, but my guess is they'll be saving a substantial amount in rent. Here's a small quote from today's Banker & Tradesman.

According to Mayor Thomas M. Menino, Louis Boston will operate out of a modular trailer setup before moving into 20,000 square feet of permanent space.

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335 West Second Street,  Unit 16I just listed this luxury 2 bed, 2 bath condo. It's in a gorgeous building in South Boston called the Trolley House. There are 24 units in the building and it is 100% owner occupant.

The unit features maple hardwood floors, C/A, granite counters, high end Jenn-Air and Bosch appliances, jacuzzi tub, washer/dryer in unit, extra storage, and best of all, 2 heated garage parking spaces! It is 1372 square feet and has huge open living and kitchen area, which is great for entertaining. Priced at just $363/sq. ft., it is a tremendous value for the location as the west side of South Boston was recently named the hottest neighborhood in Boston by the Improper Bostonian!

Here's a link to a Virtual Tour: 335 West Second Street, Unit 16

For more information

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$8,000 First Time Buyer CreditI read different articles on this every day, with the majority of them being in support of extending the $8,000 first time home buyer credit from November 30, 2009 to sometime in 2010. What do you think? Is this just a cash for clunker deal but for homes? Here's a little blurb from a New York Times story yesterday.

Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) released a statement that the government should “continue efforts to strengthen the housing market by extending the home buyer tax…
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Bryant Back Bay 1 Bryant Back Bay 2

I stopped by a broker luncheon today the Bryant Back Bay on Columbus Ave. The developer is selling 10 units through an auction on October 17th. Minimum bids start at $1,075,000. All the units are 3 bedrooms. According to my research, there are dozens of other condos available in the 50 unit development, as public records only show 5 units sold.

After walking through 9 of the 10 units up for auction, I have to say, I wasn't that impressed. The finishes are beautiful and comparable to any of the other luxury condo buildings in Boston. However, I didn't see anything different or special to justify the pricing. The interior features included direct elevator access, Viking appliances, granite counters, chocolate brown cabinets and floors, and

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