John Kerry or a 6 car heated garage?
Yesterday I posted How much would you pay to be John Kerry’s neighbor? about a house in Louisburg Square in Boston, listed by Brewster & Berkowitz (www.brewberk.com).
Today comes a listing from Robert Paul Properties (www.RobertPaul.com) of a nearby Beacon Hill house at 77 Chestnut Street. Here’s a comparison between the two houses: (more…)
How much would you pay to be John Kerry’s neighbor?
This Louisburg Square home is in “one of the most prestigious of neighborhoods in the country”, according to the listing from Brewster & Berkowitz (www.brewberk.com), with John Kerry as a neighbour.
Source: Brewster & Berkowitz
Would you like an electric car with that condo?
According to this Condo raises the Bar article in Boston Curbed (www.curbed.boston.com), a Jamaica Plain condo has just raised the ante in amenities: a shared electric car, complete with on-site charging station. (more…)
Buy or rent? It’s NOT just a financial decision
OK, be warned, I am about to get on my soapbox.
Below I post a link to a recent Boston Herald article quoting a Zillow study comparing the costs of buying vs renting in different cities in the US and in different neighborhoods around Boston and Cambridge.
It’s not that I do no think article like this have some value. They do, encouraging people to think about how long they will stay in a house before making a major financial decision.
No, my problem with articles such as this is that they focus only on the financial aspect of buying a home. (more…)
$7 Million Boston Condo sale
The highest priced condo to sell so far this year in Boston closed recently for $7 million, according to the Boston Globe. The highest-priced sale last year was $13 million, but it’s early days. After all, the penthouse at Millennium Tower is still available – for $37.5 million. If you would like a showing, just call. (more…)
What does $4 million buy in and around Boston?
A prospective buyer looked at a $4 million listing in Marblehead recently and commented: “this house would sell for $18 million in the Hamptons.”
Well we’re not in the Hamptons, Dorothy, but it was an interesting comment and led me to look at what a paltry $4 million would buy today in different areas in and around Boston. The table below is in four sections: the North Shore, towns close to Boston, and then Boston SFHS and Boston condos: (more…)
The Best Streets in Greater Boston – really?
One of real estate’s fascinations is that it is subjective: what I love you may hate and vice versa. So it should come as no surprise that I might differ on the pick for the Best Street in Marblehead. I accept the words of the writer that Atlantic Avenue is three miles long, but the Best Street in Marblehead?
Here we go again: bubble, bubble, toil and trouble
I know it’s really: Double, double toil and trouble;
Fire burn, and caldron bubble. (Macbeth).
When I read articles like Is Massachusetts headed toward another housing bubble?, I am reminded of the saying that economists have forecast 10 of the last 3 recessions. (more…)
Why we don’t all move to San Francisco
After this winter we’re all planning to move to a warmer climate right? Like San Francisco.
But no, we will stay here, at least most of us will. Buy why? (more…)
Where do the ultra rich live?
This Sotheby’s International Realty Top cities for the ultra rich report looked at the property (ies) owned by ultra high net worth individuals, defined as those with a net worth of at least $30 million. (more…)
Still time to buy that $37.5 million Boston condo
70% of the condos in the 60-storey Millennium Tower building at Downtown Crossing have been sold, according to this Millennium condos mostly sold to local buyers Boston Globe article, with 3/4 of sales going to local buyers.
In case you fear you have missed out, worry not: the $37.5 million, 12,000 sf penthouse is still available. Call me for a showing and if you buy through me I will donate half my commission to Lifebridge, the homeless organization based in Salem. (more…)
Housing inventory: how low can it go?
A recent Boston Globe article Snow delays spring market highlighted the lack of inventory in the, you know, “important” markets such as Cambridge and Somerville.
We know inventory is down from last year, when if you remember we had the polar vortex, but where do we stand, here in Essex County and indeed throughout Massachusetts, compared with the last several years? (more…)
How much does parking add to the value of a home?
I often wonder how long our memories are. In mid-winter it seems to me the entire population of New England is thinking of moving to Florida, but I suspect that come next winter we will not find deserted cities.Don’t we just love having something to complain about?
After a winter like this one everybody wants to have a home with parking – in cities – or with a garage in the suburbs and outer towns. But how much is that convenience worth?
Here’s a Boston Herald article which describes the value of parking in Boston’s neighborhoods. (more…)
Would you like to buy Big Papi’s penthouse?
Fear not, Red Sox Nation, David Ortiz is not leaving town.
While Why Jon Lester may not be returning to the Red Sox proved to be correct, Big Papi is retaining his main house in Weston, while selling – at an asking price of $3.2 million – the Chestnut Hill condo he has been using during the baseball season.
According to Mapquest the journey from Fenway Park to Weston takes 19 minutes, so maybe Ortiz has decided that, with retirement looming, he needs to save the $28,000 a year he pays in taxes on his condo. Or maybe not. (more…)
Tom Brady’s Boston real estate adventures
This The greater Boston real estate adventures of Tom Brady article from boston.curbed.com is much more interesting than ones about you know what.
Roll on Sunday. GO PATS!!!
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
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