Miami Restaurant Building For Sale as Residential/Commercial Investment

The building of one of Jamaica Plains' favorite restaurants is up for sale, and being marketed as a multi-family and commercial investment. 379A-381 Centre St is a four-unit building with two commercial spaces with current tenants Miami Restaurant and Atlantic Travel, and two residential units. All tenants are staying in the property by Massachusetts law because leases survive the sale of real estate. The new owner must adhere to the terms of the lease, even if it is signed by the previous owner. According to the Assessing Department, the property was assessed for $1,078,200 in 2020.

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This Is What New Condos Cost in Jamaica Plain

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
Bike storage
State of the art gym

196 Boylston Street

3 bedrooms, 2.5 bathrooms, 1 garage parking space
1,600 sq.

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4 Mortgage Myths Dispelled for Today’s Homebuyers

Sponsored by FOCUS Real Estate

Today’s homebuyers are awash in information that can sway what is probably the biggest purchase of their lives. Especially to those new to the home search, it can be difficult to wade through sometimes-conflicting advice on home mortgages, particularly when guidelines that were generally accepted in the past may no longer apply in today’s home-buying environment. Here are four mortgage myths today’s homebuyers might encounter during their home search. You need 20 percent down to secure a loan
Following the recent mortgage crisis in the late 2000s, many housing lenders began to require at least a 20 percent down payment from buyers in order to reduce their own loan risk. Twenty percent down is still a good practice, but in expensive markets like Greater Boston, it can be extremely difficult to amass a down payment in the tens or even hundreds of thousands of dollars -- especially for first-time homebuyers who do not have the ability to leverage the proceeds of a previous house sale.

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JP Condo Prices: My, How Things Have Changed

Jamaica Plain real estate wasn't always the hottest neighborhood in Boston, but well-preserved (and sometimes not-so-well preserved) Victorian single-family homes could sell for more than $1 million. Lately, some condominiums are joining the million-dollar club. Take, for example, the very visible yellow house at the corner of Pond Street and the Jamaicaway. Two of the condos are currently listed for $1.875 million each, reports the Boston Herald. Statistically speaking, condo prices are rising faster than single-family home prices in the Boston area, with condo prices jumping 12.2% in JP in the first half of 2016, according to Boston.com.

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Ellen, Janis and Josh Real Estate #1 Team of Pie Sellers

Ellen, Janis and Josh Real Estate, located at Remax Destiny on Centre St, is part of the #1 pie selling team, Pie it Forward. They sold 1856 pies and raised over $52,000 for Community Servings Pie in the Sky fundraiser. Their team consists of other realtors, attorneys, and other passionate business people who are committed to giving back. Community Servings feeds those who are critically ill and unable to feed themselves. Pie in the Sky is their largest fundraiser.

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