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South Boston condo gets quite the price cut, now priced to moooove
By adamg on Wed, 09/16/2015 - 12:24pm
Even in rapidly gentrifying South Boston, $12 million for a 3-bedroom, 2,421-square foot condo seems just a tad high, so we're going to assume that Zillow made a $10.8-million mistake on its initial price listing, rather than fretting that such a dramatic price reduction signals the complete collapse of the South Boston condo market.
H/t Eileen Murphy.
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Comments
that
That's nearly double than what they paid for the entire building three years ago. A pretty good racket if you can get into it.
I've got no skin in this game...
But it looks more like a sound investment than a 'racket'.
Sour grapes I guess?
I know, right?
That whole "buy something at one price and sell it for a different price" is a total racket!
geez
Apparently some folks don't get sarcasm.
It's almost like I'm closing on a three-family in the next week just for fun. Wait, you mean I could renovate and sell off the units as condos for more money? Get out of town!
Don't bother
townies don't get economics 101.. Supply and Demand.
Honestly, it looks like they
Honestly, it looks like they made a typographical error and entered one too many 0's at the end of 1.2 million which made it 12 million.
I see Michael Bolton landed on his feet
MICHAEL
Ok! Ok! I must have, I must have put a decimal point in the wrong place
or something. Shit. I always do that. I always mess up some mundane
detail.
PETER
Oh! What is this fairly mundane detail, Michael?!
The important thing
Is that it's priced to move.
Anon to the rescue!
Here we all were thinking "we're NEVER going to be able to buy a condo if they're going for $11million now". That's until anon showed up and put us all at ease. Thanks anon!
I think we're missing the
I think we're missing the real story here, which is that there are apparently people willing to pay $1.2 million for a townhouse in Southie. All the horrible inconveniences of city living, and a 30-minute walk to public transit!
ha
I thought that was a touch of hyperbole, but dear god.
Add to the fact that the property is on the flight path of arrivals at Logan. I get that people love the neighborhood, but I don't understand how people can live that far from rapid transit, specifically for those prices. To each their own, though.
Its not true, though. If you
Its not true, though. If you're the type of person who would never deign to step on a bus, then fine. South Boston is not for you, and we're all ok with that. But the 7, 9, 10 and 11 buses serve the neighborhood pretty damn well if you ask me. 10 minutes to Broadway, 15 in rush hour. Or you could get to South Station in 8.
More missed sarcasm?
"But the 7, 9, 10 and 11 buses serve the neighborhood pretty damn well if you ask me."
Have you tried getting on the 7 in the morning in the past 1-2 years? It's a nightmare that has worsened by the day. There was a meeting the other day about how bad it's gotten. They seem to have been running double buses since the meeting, and there are still 25+ people waiting at L and Broadway every morning for the 7.
I don't ride the 7 (or public
I don't ride the 7 (or public transportation for my commute anymore), and I do see those lines in the morning, but my point stands. If the MBTA needs to improve service, then fine, but saying the neighborhood is 30 minutes away from public transportation is just dishonest. That, more than the shoddy service applied equally across our transit system, was my point.
I go via Uber just about
I go via Uber just about every morning. It's worth the extra 50 bucks a month.
Yes
if you try to get on between 7:45 and 9:00 it's tough. Try getting on the subway or driving into the city at that time. That's why it's called rush hour. Any time before 7:30 isn't too bad. Could they improve the service? Sure. Agree that it's gotten worse over the last couple years, but it's still not a bad commute.
I'm not
I'm not bus averse (I used to take one directly to work every day when I lived in the Fenway), but I prefer to allow the MBTA the fewest number of opportunities to screw up my commute in the morning, which is why I, personally, prefer living near the line that gets me to work (and if it's one of those bus lines, all the better).
GPS-based apps like CatchTheBus have taken a lot of the anxiety that used to come from relying on the bus, though.
How frequent are the buses on the weekends, though? If they're not every 15 minutes or so, I don't see how that isn't a strike against the area for some people.
Weekend headways
are far from the best. The #9 runs every 20 minutes during the day and every half hour at night on the weekends. Most of the trips are crowded (the 9 is almost always crowded -- on more than one occasion I've had five full buses pass me up before one could fit the pool of people at my stop during a weekday morning rush.)
On weekends, the #7 only runs every 40 minutes and terminates around 10pm. It runs as often as every four minutes during morning rush on weekdays.
There are two meetings coming up for residents to meet and discuss service issues with the MBTA:
• September 23, 5:30 – 7:30 PM – Condon School – 200 D St., Boston
• September 30, 5:30 – 7:30 PM – Tynan School – 650 E. 4th St., Boston
The 7
Runs much more frequently in the mornings. Not sure where you got that 40min number.
40 minutes on weekends
Above post has been edited to reflect the 40-minute headway is on weekends.
That's not a story
It's a 2 minute walk to the 7 bus which has you downtown in 10 minutes. If you think living in a city is inconvenient that's fine, but this is actually a very convenient location. If you wouldn't count the bus as pubic transit that's also fine, but as far as commutes go that's a pretty easy one. $1.2MM for Southie may seem like a lot, but that's what things cost these days.
Far be it from me to make broad generalizations
But, it's possible, that someone willing to pay $1.2 million for a townhouse in Southie, is also the kind of person who's willing to bring a car.
It's also got off-street parking, likely three spaces in the
back, probably two of which are deeded to this unit.
I lived in this very neighborhood not too long ago. The proximity to Castle Island is awesome. The planes, you get used to: mostly at 6am and 6pm. The lack of plentiful good restaurants and frequently slow bus service is a pain (the 7's not bad, but it doesn't run late, while the 9 frequently crawls). The local Stop n Shop is decrepit and sad.
God help you if you have to fight for street parking if you get home after 4pm, especially in the winter: it is hellacious. Space-saving is horribly abused -- the level of parking scarcity and overabundant sense of self-entitlement brings out the worst in people in Southie -- and only makes a nasty situation worse. I would not live there again without off-street parking.
Yes! I live there now and
Yes! I live there now and the lack of restaurants is the only real sticking point. It's only in the winter that I notice. It's only thanks to apps like Uber and Grub Hub that this side of town is creeping over 1 mil, though.
That Stop n Shop, though.
Grim.
Bad winters are good
Unbelievable turnover of newbies who lived through last winter. Bad winters equal large volume of Uhauls in the summer.
Testing the waters
Realtors just seeing if naive buyers are still falling for the Southie mystique.
South Boston is completely
Overpriced
Sizzling hot take
n/t
So, it's now only
$1,195,000 for the condo. But you'll still have to pay an extra $9 million for the dedicated parking space.