Real estate news and features

Certified Short-Sale Professional (CSP)Designation CourseCE.4025000-RE 8 Hrs. General Continuing Education Credits!�

Saturday, June 20th
9am-5:30pm�~ Doors Open 8:15am
Prudential Americana Group, REALTORS
2140 E. Pebble Rd., Suite 160 (Eastern Ave. & 215)
[Read more →]

Industrie Lofts in Chelsea are now 40% SOLD! FHA approved and are taking offers with FHA financing! The Industrie Lofts is one of the few new construction buildings in the Boston area that has been approved by FHA.

This brand new modern loft building has it all at an affordable price. Priced from $219,000 to $329,000, for 974 sf to 1640 sf. All units come with garage parking, soaring 18-20 ft ceilings and large windows. In every unit the mezzanine level the plumbing can be extended so the future owner can add an additional bathroom. The building will boast the largest and best roof deck in the area with outstanding views. Chelsea is only 4 miles to downtown Boston and 1 mile to America’s oldest beach.
[Read more →]

1850 Auction
Wareham Street, Boston Ma

The 1850 is a rehab of the former Allied Bolt & Screw buildings to a residential loft building. Located in the South End, The 1850 is just steps to studios, galleries, boutiques, and many fabulous restaurants. The 60 unit development consists of 1 and 2 bedroom condos ranging from 681 to 1,564 square feet. The lofts at The 1850 feature original brick walls, large, energy efficient windows, high ceilings, central ac, as well as modern kitchens featuring stainless steel appliances, maple cabinets, and tile backsplashes.

Of the 60 units, 25 have sold since sales commenced a year ago, and thus the developer has set an auction for June 28th. Prices at the auction have been set at $175,000 to $395,000 while the original prices of the units ranged from $345,000 to $800,000. The 1850’s auction will be the first in Boston since 2006.
[Read more →]

FHA Preps Tax Credit for Down Payment Use
By DIANA GOLOBAY
May 12, 2009 3:08 PM CST
Advertisements

Home buyers qualifying for Federal Housing Administration-insured mortgages may soon use the new first-time home buyer $8,000 tax credit as a down payment, US Department of Housing and Urban Development secretary Shaun Donovan said today.

The process of applying the tax credit toward down payment, called ‘monetization’ in the industry, allows for FHA-qualified borrowers to use the tax credit to obtain a government-insured mortgage.

Donovan’s announcement came at a National Association of Realtors legislative summit this morning, although HUD’s details on the initiative aren’t scheduled for official release until next week. The initiative will allow FHA-approved lenders to monetize the tax credit through short-term bridge loans, letting borrowers access the funds at the closing table.
[Read more →]

One Back Bay
135 Clarendon Street
Boston, Ma

135 Clarendon Street is the new home to many residents who believe in living luxuriously and environmentally friendly in one of Boston’s most popular, historic and beautiful areas. One Back Bay is a brilliant new addition to the Back Bay area of Boston. Offering floors plans from studios to deluxe two bedrooms homes. A real cool thing about this building is that it was built to fulfill LEED Silver Certification requirements which makes this building green! Also One Back Bay is outlined in brick and modern thermal glass to give it a stylish look from the outside. Inside you will see gorgeous oak floors and modern marble baths to make your apartment a desirable cozy home. Although the area surrounding One Back Bay is beautiful to walk around, you do not need to leave the house that often as One Back Bay features and entertainment lounge, outdoor roof deck with garden space and plenty of room to lay out, private Equinox gym, a play room for the kids, on site restaurant and catering capabilities, concierge, bicycle and other storage space, common room wireless internet available, dry cleaning services and even an on-site ATM, to name a few….Walk minutes to find other restaurants, shopping and public transportation. Seems like a flawless, environmentally sound, convenient home for those who desire elegance, style and a luxury living space.

[Read more →]

140 Clarendon,
Back Bay

The Parlin Apartments at 140 Clarendon Street include 44 one-bedroom (full kitchen and bath) and 12 studio (full kitchen and bath) apartments.

Weekly Short Term Stays - PDF

Affordable Rentals - PDF

The Clarendon Residences are 88 single-room (private bathroom, no kitchen) apartments.

This historic, just-renovated building means no two apartments are exactly alike; each room is unique, some even have fireplaces. All feature the same amenities:

* oversized windows with views of Boston’s South End and Back Bay,
[Read more →]

50 West Broadway Update

50 West Broadway Street in South Boston is the newest site for an up and coming luxury condominium complex which will hold approx. 139 condos which are said to range anywhere from $1,800 to $4,000 a month for rentals. The old home to the Cardinal Cushing High School alumni is now a 61 million dollar project in the middle of Southie and is said to be open this fall, which rises worries to sellers and neighbors because of the recent trouble of other for-sale projects around the city. They are very focused on creating a transit friendly community for the residents with convenient transportation to and from the popular Downtown Boston area. On the street level of this building there is said to be close to 4,000 sq. footage of retail space and also an underground parking garage. I think it would be nice to develop another area of Boston as more and more people are broadening their horizons to new and different parts of the city. It would definitely be important for them to make this area as commuter friendly as possible, that is a crucial aspect that buyers and renters look for when they decide to into a different part of Boston. I’m excited to see the progress of construction this summer and hopefully they will be up and selling by this fall. Will keep you posted with any new pictures or information.

[Read more →]

B & T reports…

The Massachusetts Supreme Judicial Court has put a stop to any further construction of the spectacular 45 acre Cambridge property the North Point. The Supreme Judicial Court has reason to believe that 25% of their 45 acres of land belongs to the State and that they do not have a permit to build on it. This is not the first road block for North Point, as all the way back in 2003 they went through a series of court dates revolving around their waterfront licenses. This has slowed down the project a substantial amount, as there are a lot of angry residents who have reason to believe that 13 of the 45 acres of land belong to the State. The license for that 13 acres of land dates back to 1962, where it states that “they need a new license for a change of use”. It used to be a Boston & Maine railroad yard who also received the right to fill in the rest of Miller’s River. It is argued that all the 13 acres of fill would now be in control of the state. North Point sits directly on top of all of that land, which legally belongs to the state because the permit from 1962 was still in affect, that prohibited any development on that fill. Developers of North Point have tried to sell the land because of their worries that the Supreme Judicial Court will put their development off entirely. They are dropping the price so that they can hopefully unload this 45 acre spot of land to put an end to the complications and complaints with the city of Cambridge. I agree with them, they should try and sell this land. Could be great for residential/retail/commercial use for the price they would get for such a large sum of land. Too many issues with the city and it doesn’t look as though enough planning went into this project as permitting issues keep arising. The Supreme Court is taking this serious, so I’m envisioning that they will put a final stop to this project.

[Read more →]

South End’s 1850 Auction

It’s come from being a Piano Factory to a General Warehouse to a Bolt and Screw Factory to now a five story “loft style” condominium building, located in the very popular South End (southern tip - Bordering Wareham and Albany Street). The 1850 is home to 60 unique condos that have a loft feeling to them with exposed brick and beams as well as concrete floors. Majority of the units are open loft rooms, but there are some floor plans and other units that are ready for a buildout of bedroom walls. Granite counters and stainless appliances fill the kitchens of each unit which also includes a Fisher Paykel refrigerator. One elevator and two staircases with limited parking spaces that sit adjacent to the building which are up for purchase. Fifth floor penthouse will have rights to the roof deck which captures brilliant views of the city. Its a unique building with a lot of history behind it which gives each unit its own story and look. Also it is a very quick walk away to Tremont and Washington Streets. The 1850 is holding an auction for 35 of the lofts June 28th at the Westin Boston Waterfront and they will be in preview from June 3rd to June 27th at 90 Wareham Street. Minimum bidding will start at $175,000. This will be the South End’s first Condo Auction. Should be a good one! These lofts have a real urban feel to them and I think they will sell quick. Auction Information Center’s hours of operation are Mon-Fri 1PM-7PM Sat, Sun 11AM-5PM.

[Read more →]

$8,000 Home Buyer Tax Credit at a Glance

· The tax credit is for first-time home buyers only.

· The tax credit does not have to be repaid.

· The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

· The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.

· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Contact us at realestatebostonblog@gmail.com for more info

[Read more →]