Boston Condos

Stunning Waterfront Condos for Sale in Boston

Imagine enjoying an obscured view of Boston harbor every day from the comfort of your own home

Living on the Boston waterfront provides homeowners the opportunity to see the city in a completely different perspective than most residents. With these listings, it's possible to enjoy the conveniences of city living while having an urban oasis with plenty of natural light and calming views of the water. 

Your worst problem? All of your friends and family who will want to invite themselves over every Fourth of July and New Year's Eve to get a clear view of the fireworks. 

Here are a few of the Boston condominiums available for sale (as of May 23, 2018):

Boston Waterfront Condo 100 Lovejoy Place

100 Lovejoy Place, Unit 11B, waterfront

Boston, MA 02114

MLS Number 72288321

Cheerful natural light greets you as you enter this sophisticated and stylish corner home overlooking the beginning of the Rose Kennedy Greenway. Lovejoy Wharf has everything you've been looking for from front door valet parking to over 2,000 sf of health and wellness space, Related signature management services, Lovejoy Attache personalized lifestyle concierge services, rooftop sun terrace, fireside library lounge, billiards room, children playroom, event space with catering kitchen, conference room, and more, you'll find true luxury in this new community designed by Robert A.M. Stern. Captivating design features and a thoughtful layout create a warm and inviting space filled with style and sophistication. An incredible home, spectacular building, dynamic location on the waterfront and in the heart of the city. 1 parking space included.

Boston Waterfront Condo 120 Fulton

120 Fulton, Unit DE, Waterfront

Boston, MA 02109

MLS Number 72290049

Rarely available condominium in the historic McLauthlin Building on tree-lined Fulton Street. This unique brick and beam loft includes over 1000 square feet of living space. Open concept living room with office alcove. Oversized eat-in kitchen with stainless appliances. Two separate sleeping areas, one bathroom, in-unit Bosch washer/dryer and central AC. The McLauthlin is a professionally managed building in a great North End location just one block from Boston's Waterfront and steps from Faneuil Hall and the Financial District. Easy access to all major highways. A must see!

Boston Waterfront Condo 10 Constellation Wharf

10 Constellation Wharf, Unit 10, Waterfront

Boston, MA 02129

MLS Number 72238708

3-bedroom townhouse with stunning Harbor and City views. Ideally located at the end of the Wharf, this townhome features direct entry, attached garage and 2 terraces overlooking Boston’s Harbor. The open living and dining rooms have a wood-burning fireplace, custom built-ins and a wall-of-windows capturing sunsets and Boston’s Skyline. The eat-in kitchen has custom cabinets, stainless appliances and 2 pantries. The master suite has a luxurious en-suite bathroom with soaking tub, custom closets and private deck with glorious views. Guest bedroom with renovated full bathroom. The 3rd bedroom is privately located and can be used as a study/office and has a wood-burning fireplace, custom built-in desk and private deck. Features include herringbone floors in the dining room, audio, wet bar, and second covered parking space. This property is a private Harbor-side community with guest parking and a concierge.

 

Boston Waterfront Condo 85 E India Row

85 E India Row, Unit 29E, Waterfront

Boston, MA 02110

MLS Number 72319439

Enjoy spectacular views of the Boston Harbor, the Seaport District and beyond from this rarely available upper-level, one-bedroom home in sought after Tower 1. Gracious entry foyer leads you to the spacious living room with a wall of windows, custom built-in bookcase and great sunlight from the Southern exposure. Wake in the morning to Harbor views from the large bedroom with great closet space. Galley kitchen with full appliances and ample storage. All tile bath with updated vanity and glass enclosed tub/shower. Private association pool and sun-deck area with picnic area and grills. Full service building with 24-hour doorman, concierge services and on-site professional management. Move in just in time to enjoy summer on the Boston Waterfront.

Want to see more waterfront condos in Boston? Contact Longwood Residential today!

HOA Fees in Boston: What You Need to Know

As you search for your dream luxury condominium in Boston, the cost of HOA fees can certainly make an impact on your final housing decision

What are HOA fees?

Homeowners association fees, simply abbreviated as HOA fees, are funds that contribute to maintaining the common areas of a planned community, such as condominiums, townhouses, or free standing homes within a gated development. HOA fees are typically paid monthly by the homeowner. 

The cost of HOA fees is determined by a variety of factors, including the community's location, available amenities, and general lifestyle.

Consider your budget and your must-haves for an ideal living situation. Are HOA fees worth the investment for your situation?  Work with your realtor to determine which condo or shared community properties have proportionate HOA fees based on your needs.  

What is the average cost of HOA fees in Boston?

According to a nationwide study conducted by Trulia, HOA fees are continuing to rise in major U.S. metropolitan areas. The four major findings from the study revealed:

  • HOA fees have been increasing at a faster rate than home prices
  • HOA Fees are higher in older buildings 
  • If a building has a fewer number of units, the HOA fees will be smaller
  • If a unit has fewer bedrooms, the HOA fees will be smaller 

Here's a look at Boston's HOA fee statistics from the Trulia study:

Boston, MA Metropolitan Area (2005-2015)

2015

  • 15.9%: Percentage of Homeowner Households Who Pay A HOA Fee in Metro Area, 2015
  • $387: Weighted Average HOA Fee of Households That Pay HOA Fee, 2015

2005

  • 14.5%: Percentage of Homeowner Households Who Pay A HOA Fee in Metro Area, 2005
  • $318: Weighted Average HOA Fee of Households That Pay HOA Fee, 2005

2005 vs. 2015

  • 1.4: Point Change in Homeowner Households Who Pay A HOA Fee, 2005 to 2015
  • 21.7%: % Change in Average HOA Fee, 2005 to 2015
  • 2.0%: Per Annum Change

View Trulia's complete study: Attack of the Killer HOA Fees

Conclusion

Although HOA fees are rising, this should not necessarily deter a homeowner from looking at condominiums, townhouses, and other planned communities. 

As property values increase, especially in metropolitan cities that are popular industry hubs, it is only natural that HOA fees would rise to reflect the nature. The appeal of condo living differs greatly from the appeal of single-family home living—it can be inferred that the condo-lifestyle permits a homeowner living in a metropolitan area to enjoy community amenities at their convenience, as well as allows the homeowner more flexibility to move his/her career.

Want to find out if the luxury condominium lifestyle in Boston is for you? Contact us at Longwood Residential today!

U.S. News Ranks Massachusetts as #1 for Education

The U.S. News & World Report released their 2018 Best States report based on a total of 77 metrics

Using McKinsey & Company's Leading States Index, each state was assessed under eight major categories with the following weighted values:

 

Massachusetts earned the eighth spot in the overall state ranking. New Hampshire (#5) and Vermont #9 were the other states from New England who ranked in the Top 10. Here's how Massachusetts lined up in the 2018 Best States report:

  • Overall Rank: #8
  • Education: #1
  • Crime & Corrections: #5
  • Healthcare: #5
  • Economy: #9
  • Quality of Life: #25
  • Fiscal Stability: #40
  • Infrastructure: #45

Learn more about the full methodology and the other state rankings on the U.S. News & World Report website

Another study published earlier this year recognized Massachusetts as the "Best State to Raise a Family."

A Buyer's Guide to Luxury Condos in Boston, MA

luxury condosWhat you need to know about renting or buying a luxury condo in Boston, Massachusetts and the greater Boston area

Luxury condominiums present a desirable and practical living arrangement for individuals and families living in a vibrant urban center like Boston, Massachusetts. A popular destination for students, intellectuals and professionals in healthcare, business and technology, the city of Boston has a rich American history with a bright, global future ahead.

Here are some things to consider while searching for the perfect luxury condo in Boston:

Find out which neighborhoods you would want to live in

There’s a lot more to Boston beyond Haymarket and Downtown Crossing! Whether it’s historic Beacon Hill within walking distance to Boston Common and the Botanical Gardens or artsy and diverse Jamaica Plain, there is a neighborhood to suit every taste and lifestyle.

Related Articles:

Get a look at the median condo prices in Boston and surrounding areas

As a major urban city, the competitive real estate market correlates with Boston’s higher cost of living. However, there’s no reason to be discouraged—the right amount of research and the help of a professional realtor will go a long way to help navigate the Boston real estate market.

Related Articles:

Examine all of your living options

You may think that a condo is right for you, but depending on your budget and your location, it’s important to explore other possibilities. There are plenty of other living arrangements in Boston—renting an apartment, renting a home, or even researching rent-to-own arrangements, may better suit your situation.

Related Articles:

Condos for Sale in Boston and Brookline!

Do you want the satisfaction of owning your own place without all the responsibility? Then purchasing a condo may be right for you. Condos for sale by Longwood Residential are individual units located within a building or multi-family home. You must get approved for a mortgage just as you would when buying a private home. You pay association dues in addition to your mortgage. These fees are mostly for maintenance of common areas. While you’re responsible for maintenance inside your unit, your condo association takes care of things such as landscaping and shoveling snow.

Luxury condos, such as those operated by Longwood Residential, are run by a board of directors. The board votes on, and enforces, rules that affect residents. You will want to learn about the condo board’s reputation before buying a condo. Also, you should know how much of a reserve fund the association has on hand to handle exterior upkeep.

Mortgage Rates and Luxury Accommodations

In January 2017, Curbed Boston reported condo rates ranging from $263 to $1,467 per square foot. You will find that prices for Longwood condos typically fall into this range. We mostly operate luxury condos with amenities that you won’t find at many others in the Boston area. Some of the amenities at Longwood condos include:

  • Private fitness clubs
  • Concierge services
  • On-site, underground parking
  • Rooftop swimming pools
  • Party rooms
  • Business suites
  • Package services
  • Private balconies
  • Valet services
  • In-unit wash machine and dryer
  • On-site retail stores
  • On-site play areas for children

We offer one, two, and three-bedroom condo options as well as limited studio-sized units. Most of our condos are in neighborhoods that are within walking distance to many of the things you need. Our buildings are also located in areas with excellent access to public transportation.

Which Boston Neighborhood is Right for You?

Deciding you want to buy a condo is just the first step. It can be a bit more challenging to find the amenities, price range, and neighborhood, that is just right for you. Longwood Residential offers condos for sale in more than a dozen Boston neighborhoods. Whether you have your heart set on Back Bay, Roslindale, or The Fenway, we can help you find the best Boston condo for you and your family. Feel free to start your search here or contact our office for assistance. We look forward to working with you.

What is the Cost of Living in Boston?

cost of living bostonAccording to a June, 2017 report released by Best Places, Boston scored a 169.90 for overall cost of living. A score of 100 is the baseline for cities across the United States (the higher the better). High housing costs seem to contribute the most to this score. Although Boston scores high in several other areas as well, it’s the housing costs that really drive it up. They are highest in Boston proper as compared to the Boston/Cambridge/Newton metro area and Massachusetts as a whole. Setting down roots in the right neighborhood can make all the difference in housing costs.

Other Cost of Living Scores for Boston

Boston also scores above 100 in several other cost of living categories. These include:

  • Utilities, 149

  • Miscellaneous, 131

  • Health, 125

  • Grocery, 122

  • Transportation, 105

Many residents consider the cost of living in Boston worth it. The city offers excellent public transportation and a rich history, among other things. You always have the option of getting in on the tiny house craze to reduce your housing costs.

Average Rental Costs in Boston

cost of living bostonThe June 2017 Best Places report indicates that the average rent for a studio apartment in Boston is $1,245 per month. This compares to $898 for the rest of Massachusetts and $712 average for the entire United States. Other rental rates by size include:

  • 1 bedroom: $1,395 in Boston, $1,067 in Massachusetts, and $825 in the United States

  • 2 bedroom: $1,716 in Boston, $1,335 in Massachusetts, and $1,027 in the United States

  • 3 bedroom: $2,130 in Boston, $1,668 in Massachusetts, and $1,379 in the United States

These high rental rates might encourage some people to become homeowners sooner than they would have in a different area. At Longwood Residential, we offer competitively priced apartments, condominiums, and private homes. We may have exactly what you’re looking for, so give us a call or click to contact us and discuss your needs today!

 

How Much is a Condo in Boston?

The condo market in Boston is growing quickly. According to an August, 2016 report released by realestate.com, both the number of available condos and their prices are on the rise. A big reason for the higher average price is the development of many new luxury condos. Longwood Towers Condominiums is one such example. These units have a lot of amenities not previously found in Boston condos. Some of these features might include an on-site fitness center, concierge service, and valet parking.

Condo Prices vs. Single-Family Home Prices

In late 2016, the average condo in Suffolk County was $520,000. This represented a 9.5% increase over the first half of the year. Suffolk County includes Boston as well as smaller, nearby cities like Chelsea and Revere. The average single-family home in the same county sold for $440,000. That was 4.4 percent higher than the first half of 2016.

Here are the average condos prices for Boston and nearby cities:

  • Downtown Boston (including South End, Midtown, and Back Bay) - $800,000

  • South Boston - $615,000

  • East Boston - $400,000

  • Cambridge - $651,000

  • Somerville - $587,000

  • Jamaica Plain - $478,000

These prices can certainly be discouraging, especially for a first-time homeowner. However, attending one of our first-time home buyer seminars can provide you with several resources. If you don’t see any upcoming, please contact us, or feel free to call us at (617) 396-3100, and we’ll be sure to arrange a seminar to help you soon!

How Are Condos Different?

Many Bostonians prefer condos because it allows them to own property with more perks and less responsibility than a homeowner. It also provides more freedom than renting an apartment. Someone else handles all outside maintenance such as mowing the lawn or shoveling snow. Since you own your unit, you’re free to decorate or remodel as you see fit. The one exception is that you won’t be able to make structural changes to common walls between your own space and a neighbor’s.

If you’re looking for luxury and convenience, speak to us today about Longwood condos for sale.

Can I Buy A Home With No Money Down?

If you’re trying to buy a home, you may feel discouraged by the 20% down-payment that most lenders require. However, saving up for a 20% down payment on a six-figure home is simply unrealistic for many home buyers. You may qualify for a program that doesn’t require you to put any money down to purchase a home.

The most common programs include:

Credit Union Loans

Credit unions are owned by members instead of a board of directors. If you’re not already a member, consider researching local credit unions to see if you meet criteria. Some credit unions offer loans with no down-payment, to members with good credit who earn 80% or less of the median income for the area.

USDA loans

If you don’t need to live in Boston proper and are okay living in a town of less than 10,000 people, this loan could work for you. These are the criteria for a no-interest loan through the United States Department of Agriculture. The federal organization may also be able to help if you earn low or moderate income for your area.

VA loans

This program is for retired military members or their surviving spouse. You need an excellent credit score and a special appraisal to qualify for a Veteran’s Administration home loan with no money down.

Longwood Residential is Here to Help.

The city of Boston is currently on target to meet its goal of 53,000 new housing developments by 2030. We’re willing to do whatever it takes to match our clients with their perfect home. Consider attending one of our first-time home buyer seminars if you have never purchased a home. You may also want to think about other homeownership options, such as buying a condo. With determination, planning and having access to the right resources, home ownership can be a reality, much sooner than you think.

3 Tips To Sell My House Quicker

If you’re trying to sell your house quickly, skip the for sale by owner option. By going it on your own with a FSBO, you’re required to perform hours of research, just to determine a starting listing price. You’ll also have to supervise and control all of the other nuances that go with selling your home on your own. This includes arranging home showings and drafting a legal P&S (purchase and sales) agreement.

Here are three helpful tips that you can take opportunity of TODAY to help sell your house quickly:

1. Set a competitive asking price right from the start

Many sellers make the mistake of setting a price too high and then lowering it when the house fails to sell within a predetermined time. It’s important to understand that activity during the first 30 days of your house being on the market is the best you’re going to see. Starting out with a price that’s too high will delay the sale of your home unnecessarily. At Longwood Residential, we have years of experience establishing the right selling price for specific neighborhoods.

2. Don’t overlook the importance of preventative maintenance and curb appeal

Keeping up with your home’s maintenance means you won’t have to scramble when it comes time to sell. If you notice something needs repair, we recommend taking care of it before putting your house on the market. It’s also essential to enhance the view of your home from the street. Consider planting flowers, replacing the dented mailbox, or giving the front door a fresh coat of paint. Buyers won’t even stop to look if they’re already turned off before setting foot inside your home.

3. De-personalize your home

This will probably be hard to do, but it’s a necessary step. Buyers need to picture themselves living in the house, not you. If you need successful home staging ideas, just ask your Longwood Residential realtor.

Bonus Tip!

Work with an experienced Longwood Residential realtor! As our client, you will benefit from our many years of experience selling in the Brookline/Boston markets. When you list your home with us, you’ll have access to the best tools and helpful Realtors who can help you quickly get your home from just listed to blissfully sold.

How does rent-to-own work?

When looking to buy a home, rent-to-own can help you secure a property, even if you have poor or insufficient credit. People who are struggling to sell their home, or who would like to sell it to someone who may not qualify for a traditional mortgage, can also benefit from a rent-to-own arrangement.

Details of a Rent-to-Own Contract

Many people confuse rent-to-own with a lease-option contract, which is entirely different. In a lease-option, the person occupying the home and making rent payments has the right of first refusal if the house goes up for sale. He or she does not promise to buy it. A rent-to-own deal is a legal contract to buy. A rent-to-own deal is a contract between buyer and seller that typically extends one to two years into the future. The main difference is that it gives the buyer time to obtain acceptable financing and save for a down payment.

Buyers and sellers should include the following information in a rent-to-own contract:

  • The full name of each party, the property address, and the date of the agreement

  • The terms, including amount of rent, payment due dates, grace period, and late penalties

  • The contract should indicate how much of the rent goes towards the purchase price

  • If necessary; a pet policy may be included, as well as a utilities payment schedule, who can reside in the home, and who is responsible for property maintenance during the rental period

The amount of the “option consideration fee,” which is separate from a security deposit, should also be included in the rent-to-own contract. This fee is paid out to the homeowner in exchange for a written agreement to not sell the home to anyone else. When the buyer changes over from renting to owning, the entire amount of the fees collected by the seller should be subtracted from the purchase price.

If you’re interested in rent-to-own as a buyer or seller, please contact one of the Longwood Residential professionals for assistance.