Cathy, Home Buyer in Boston, MA

What is the average selling/purchase price for a 3 bedroom rehab type home/condo in South Boston?

Asked by Cathy, Boston, MA Sat Nov 27, 2010

Help the community by answering this question:


Hello Cathy,
Just to offer some quick idea's i would suggest calling a local agent to asked them if they can run you a report in your price range of places that have sold in the past year. then maybe look at what is currently on the market to see what kind of competition is out there to make sure you have the best equity in your property. If your looking at condos make sure to get all places that have sold in the building in the past year along with assessments if any that have come up. Good luck to you !!
Deeley Chester
0 votes Thank Flag Link Mon Sep 5, 2011
We need the square footage, lot size and neighborhood and we can answer your question exactly.

Otherwise our answer is vague like the below ...

In the last year there were 17 3 bedroom single families that sold in Southie. About 6 of them were gut rehabs which sold at varying prices from $175,000 to $200,000 or in the $300,000's and $400,000's all the way to $580,000 ... Again it depends on square footage and lot size (yard).

In the last year 49 3 bedroom condo's sold in Southie and similar to above a handful were rehabs with varying prices depending on square footage, location and if they had other amenities like parking.

If you can give us more details we are happy to deliver a more refined answer.
Web Reference:
0 votes Thank Flag Link Sat Nov 27, 2010
Way too vauge a question. How much rehab are you talking about 10K or 200K+. In today's market most properties will have some kind of deferred maintenance and most could benefit from some rehab, the amount of rehab can vary tremendously.
0 votes Thank Flag Link Sat Nov 27, 2010
Marybeth is right. Here is what the MLSPin stats indicate:
Number of recently sold Properties: 30
Price Range: $152,900 to $785,000
Average Price: $459,096
Median Price: $463,500

So you can see, your question can't be answered easily with stats. your personally desired criteria will help a good local agent assist you in discovering just the right property.
0 votes Thank Flag Link Sat Nov 27, 2010
Cathy, Marybeth has it right. Southie neighborhoods vary so widely you need to get very specific. Contact an agent that has done business in the neighborhoods you desire and they can give you the specifics. Working with a local agent will save you a great deal of time and help you get a better deal.
0 votes Thank Flag Link Sat Nov 27, 2010
Hi Cathy, South Boston is a varied area, when you say still comes down to location, location, location!
Are you looking to be close to the T station or are walks on the beach before or after work a priority, these areas all have separate price ranges. South Boston is the city, some streets are mixed with commercial and industrial while others have the ocean and Castle Island on their horizons...we could give you a median price which would reflect all the condos sold in South Boston and finding the price where half sold above and half sold below...but in this real estate market I am not seeing average on any properties! All are just so unique. South Boston is a highly desired area to live in, so very much to enjoy here!
0 votes Thank Flag Link Sat Nov 27, 2010
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