I'd agree with Julie about S. Boston as well as Kellys at castle island (hard to resist when im rollerblading). OK, back to RE. In this market towns and cities have gotten hit by the economy differently. In my opinion S. Boston has held on to its property values much better than other towns and cities near by. One of the things to think about is how long you plan to live in it, You mentioned resell value, so, is this going to be an investment property where you expect a specific % ROI?; if you are going to live in it for over two years get a CMA on the area to get an idea on what to offer (if you decide to buy). I am sure anyone of us here would be happy to provide you with a free analysis. I'm a believer that money is mainly made in RE when you buy, you have more control on what you want to pay and not so much on future appreciation. So, get a buyers agent that is a good negotiator to assist you. I can tell you that only one unit, unit 5, has sold based on mls and it sold at 799. The other units are currently expired from mls.
The projects have been there for a long time & people have moved in & out of that block for eons. If that
is the place for you, buy it. I sold R.E. all over South Boston early in my career & loved the neighborhood!
South Boston is a great community! Go for it & enjoy the amenities - the close proximity to town, the ocean, the hot dogs at Kellys at Castle Island! There's a reason South Boston R.E. is booming right now . People recognize that with all the building still going on, it's a great place to buy & build equity.
When you are ready to sell, someone will ask the same questions, and buy in. I can't say enough about So. Boston as an investment, and as a past resident, I can say that it's a wonderful place to live!
Best of Luck!
The unit(s) you are speaking of have been pulled from the market (at least according to the MLS) but here is a list of every property currently for sale in Souhie: