The Coronavirus has changed our local real estate market, but it looks like Jamaica Plain's real estate market is still hot. To start: It’s important to take all of this with the notion that things could change drastically depending upon the severity and impact of the Coronavirus. Think of it, a week ago would we have thought that we’d no longer be allowed to dine in restaurants? Probably not.
Today there are very low interest rates combined with low inventory and strong demand -- that has still led to open houses attracting a good amount of interested buyers. In JP inventory slows down during the winter and picks up in the spring, but this has been a mild winter, which has led to a quicker spring market.
All around Jamaica Plain, particularly up and down Washington Street, there is new construction with most of the properties coming online in the coming year. Let's take a look at how much they cost and what comes with each place. 45 on Burnett (45 Burnett Street)
1-3 bedroom units starting at $499,000
Corner 2 bedrooms, 2 bathrooms unit is $775K and 1,146 sq. ft. Solid hardwood floors, Italian marble tiles, quartz counters
Heated garage parking, and electric car charging stations
Roof-top deck with built-in kitchen and views
Pet grooming station
State of the art gym
196 Boylston Street
3 bedrooms, 2.5 bathrooms, 1 garage parking space
How much do you think a studio is going for in a newly refurbished apartment building on South Huntington Avenue? Oh, to give you a feel for the amenities -- it has an outdoor dog run and a state-of-the-art Evolution Dog Washing station. Before we get to the reveal of the starting rental costs of a studio, 1-bedroom, 2-bedroom, and 3-bedroom (two baths) go for, let's talk about the property and its marketed amenities. The apartment building, now called The Brynx, was previously the Goddard House, and was designed by Sheply Bulfinch in the 1920s, so there's a historical architecture aspect. There's an indoor rock-climbing wall, bike storage, an outdoor dog run, a lounge area with TVs, kitchens, shuffleboard (very Ft.
A high-end luxury apartment building on South Huntington Avenue, which has drawn the ire of local neighborhood organizations, has been sold for $123 million. Oxford Properties Group has bought Serenity Apartments at 101 South Huntington Ave. for $123.35 million, according to Bldup.com. The apartment building has 195 units, 15-stories and 2,100 sq. ft.
A single condo on one floor of a triple decker on Carolina Avenue recently sold for $1,185,000. That's what the third floor sold for after being listed for $1,150,000 by Arborview Realty. The first-floor unit sold for a shade less than $1 million, at its listing price of $995,000. The second floor unit is under agreement for $1,075,000. That's a total of $3,255,00o for three units in a triple decker!