Buying a two-family used to be a surefire path to middle-class security. After all, you could rent out half of your home to pay off your own mortgage. And once that mortgage was paid, you’d have a regular rental income to help you get by in your golden years. The formula doesn’t work as neatly [...]
We’ve heard predictions from credible sources that by Spring the dollar will be exchanging at $1.60 to 1 Euro. Yikes! If that’s true, international buyers will find themselves in real estate heaven. Here’s what three homes in the Boston area would look like at the exchange rate predicted by next Spring. Certainly makes the case for waiting [...]
What does $350K buy you in the North End?
1 Unity Street, #2F
BEDS:2/BATHS:1
SQ.FT:585
$344K
PROS: It’s a two-bedroom for the price of one. It’s also centrally located and there is the potential to combine units to create a larger space.
CONS: At 585 square feet, this unit is too small to call a proper two-bedroom.
46 N. Bennett Street, #1
BEDS:1/BATHS:1
SQ.FT: [...]
Not everything sells like hotcakes in the Back Bay.
We’ve spotted several properties in this part of town that have sat on the market for YEARS. When that happens, you have to believe that either the seller is very stubborn or something is really wrong with the unit. And what unit has sat on the market the longest [...]
Some places have a harder time getting sold than others. In the South End, according to our own informal survey, it seems that a property is more likely to sit on the market if it has any one of these three factors:
1) It’s expensive, and possibly overpriced. (Let’s say $500K and up)
2) It’s far from [...]
At the time this post was written, the Euro was soaring against the dollar. We thought we would check out condos in Cambridge to get a European perspective on prices.
42 Linnaean Street, #3
Cambridge, MA
BEDS:1/BATHS:1
SQ.FT: 660
$349,000 or 248,000 Euro.
PROS: It’s within walking distance to Harvard and Porter Squares, and is next door Radcliffe. There’s also a [...]
You’ve probably heard by now, but just in case you haven’t, you still have time to attend the auction of the lofts at the 1850 Loft building in the South End.
Located at 90 Wareham Street in Boston’s South End, the auction is set to take place on Sunday (June 28th). From the looks of it, the auction may [...]
With birds singing and flowers blooming, it’s the time of the year when potential housebuyers turn their thoughts to downpayments, interest rates and private mortgage insurance. And naturally, we’ve set out to see what’s on the Boston market from a European perspective. Here’s what we found in two Boston neighborhoods. Properties were calculated using the [...]
So what can you buy for less than $300,000 in the South End? The answer used to be “virtually nothing.” These days, however, the answer is “not much.” But still, that’s better than nothing. We found what appears to be a real steal on the market: a one-bedroom condo near Massachusetts and Columbus Avenue for [...]
So you want to live near the city in a pleasant urban environment, where you can find shops and restaurants within easy walking distance. You don’t want to live miles from downtown or far from Boston’s universities and medical centers. You want the feel of the city, yet, you can’t afford the Back Bay or South End.
Where do [...]
