Boston

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It looks like there is even more development on the horizon in South Boston. Charlie Damrell LLC is proposing a 120 unit mix-use building according to the Boston Herald.  The warehouse is within walking distance to both the Andrew Square T Station and Broadway T Station.  The new development, which would include 105,000 square feet, would have 55 garage parking spaces and approximately 5,000 square feet of retail space. The two-story brick warehouse was sold for $4.2 million to Charlie Damrell LLC in April 2017, according to filings with the Suffolk County Registry.

Check out the complete article here.

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Some home sellers price a home according to what they want or need. A home seller may have a number in mind that they want to cover moving costs, commission, or to make a profit. The fact is, if the list price for a home isn’t based on the current market value of the home, it will sit on the market for a long time. Buyers will look at how long the home has been on the market and wonder what is wrong with the home and why it hasn’t sold yet, resulting in no showings. Buyers are not interested in overpriced properties.

We want to emphasize that only the market can set the price for your home—an Agent doesn’t arbitrarily decide what the right price will be. Instead, your Agent should be able to give you a list of comparative homes for sale in the

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As of November 13, 73 multi-family homes have sold in South Boston during 2018.  

  • 2-Family Homes

    • Average Sale Price:        $1,123,966.67

    • Average Price / Sq.Ft.:    $491.15

  • 3-Family Homes:

    • Average Sale Price:        $1,628,970.59

    • Average Price / Sq.Ft.:    $540.52

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Rental property ownership can be one of the most secure and profitable investments for building a retirement portfolio, as well as an excellent secondary source of income. Buying right and keeping a handle on costs can generate a steady monthly cash flow — plus, the home should appreciate in value over time. 

 

Given the healthy rental market, there’s a lot of interest in rental investing, and many investors are looking to move money from the stock market to rental properties. Those new to real estate frequently buy one or two homes and self-manage to avoid the cost of professional management, but before taking the leap, check out this behind-the-scenes information.

  1. Know the law
    1. Massachusetts is very tenant friendly when it comes
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There are many new construction condo projects for sale in South Boston.  Below are some of South Boston's newest condo developments.  

  • The Vista
    • The Vista, located at 410 West Broadway in South Boston, features 24 new construction condos.  The Vista is located next to Loco, and across from the Lincoln on West Broadway.  For more information regarding The Vista please click here. 
  • 14 West
    • 14 West, located at 14 West Broadway in South Boston, is a luxury condo building.  The residences at 14 West feature valet car service, a state-of-the-art fitness center, on-site security/concierge, in-home dining from the ground floor restaurant, and a massive roof deck with amazing city views. For more information regarding 14 West visit
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Charles King Has Been Recognized in Boston Agent Magazine’s 2018 Who’s Who in Residential Real Estate


Boston Agent Magazine published its annual special issue, highlighting outstanding residential professionals in the Greater Boston area.

Boston, October 8, 2018 – Charles King, President of Charles King Real Estate, has been recognized in Boston Agent magazine’s 2018 Who’s Who in Residential Real Estate, an annual issue that showcases notable real estate agents, loan officers, new construction professionals and affiliates. Mr. King was selected to be part of the 2018 group of preeminent professionals based on nominations and a successful career demonstrating the highest level of professionalism.

 Mr. King works with sellers, buyers,

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  Units Sold Avg. Sale Price Avg. Sale Price/Sq. Ft.
Midtown 48 $2,298,502 $1,330
BEACON HILL 43 $1,971,965 $1,324
BACK BAY 127 $1,644,740 $1,176
Seaport 22 $1,549,266 $1,004
South End 196 $1,3286,982 $1,021
Waterfront 60 $1,226,803 $972
South Boston 213 $821,663 $695
Charlestown 97 $785,081 $718
North End 36 $678,986 $998
THE FENWAY 26 $621,481 $942
JAMAICA PLAIN 170 $614,885 $519
East Boston 118 $516,344 $522
Dorchester 210 $504,840 $410
Roslindale 69 $481,615 $392
West Roxbury 43 $394,672
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In a recent survey with realtor.com, due to low inventory (down 8.5% from last February), the spring market will be competitive. The best advice to give buyers this spring is to know your exact comfort zone and what is the maximum price you are willing to pay. It is very important to be thinking about what you can afford as mortgage rates go higher especially if they move up quickly. Over 40 percent of buyers are looking to put down more than 20% in hopes of getting ahead of the competition, and most buyers have been actively looking for a home for over seven months. Most hope they will be able to purchase a house within the next six months. So, if you are planning on house hunting this Spring, good luck. If you plan to sell this Spring, chances are your

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A few months ago we heard about a proposal for a new transportation system in Boston. Gondolas. This proposal will help commuters for the Seaport and South Boston areas. Millennium Partners is behind the idea and owns an industrial park within the Seaport District. Millennium Partners says it would carry 15,000 people a day along the mile-long stretch from South Station to a gondola station at the Marine Park. And despite the self-advantageous positioning of the final terminal, the company says it would be widely beneficial. This system has worked well in Portland, OR and the system has a lot of people excited. Rep. Stephen Lynch said “This gondola system would carry the equivalent of 40 buses per hour, while reducing vehicular traffic and eliminating

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