East Boston Condos for Sale
East Boston Condos for Sale
East Boston Condos for Sale: Find Your Dream Home Now! Imagine waking up every morning to an expansive harbor view, with the Boston skyline serving as a stunning backdrop. Or sauntering down historic cobbled streets to your favorite local café. These aren’t scenes from a blockbuster movie – they could be snippets from your new everyday life. Welcome to East Boston, where each condo for sale isn’t just a piece of property – it’s a key to a dream lifestyle. Ready to turn the lock?
Our website features a range of condos for sale in East Boston, from one-bedroom to multi-room units. Some properties offer stunning views of the harbor and city skyline, while others may include amenities such as private outdoor space or garage parking. Browse our current listings to find the perfect condo for you in this thriving waterfront neighborhood.
Overview of East Boston Condos
East Boston is a hidden gem in the Boston real estate market, offering a unique blend of affordability, convenience, and luxury. The neighborhood has undergone significant changes in recent years, with an influx of young professionals and families drawn to the area’s diverse culture, stunning waterfront parks, and easy access to downtown.
If you’re in the market for a condo in East Boston, there are plenty of options to choose from. Developers have been pouring resources into the area, resulting in a wide array of properties ranging from historic buildings converted into luxury lofts to sleek modern developments with state-of-the-art amenities.
For example, the former Hodge Boiler Works building was transformed into Hodge Imports Lofts—a luxurious loft-style development featuring exposed brick walls and industrial chic finishes. On the other end of the spectrum is Portside at Pier One—an impressive modern development offering residents access to an outdoor pool and rooftop lounge.
One factor that sets East Boston condos apart is their affordability compared to other neighborhoods in the Greater Boston area. Despite being just minutes away from downtown via car or public transportation, Eastie offers a more reasonable price point for homebuyers looking for their dream home.
According to Zillow data, as of August 2023, the median home value in East Boston stands at $604,500—a 4% increase from the previous year. While this may seem steep, it’s worth noting that the median home value across all of greater Boston is $711,900—making East Boston a more affordable option for those wanting to break into the local housing market.
Another benefit of buying a condo in East Boston is its rich history and charm. This culturally diverse neighborhood boasts historic streets lined with brick row houses alongside new construction properties—offering something for every taste.
Much like Boston itself has a diverse range of neighborhoods to suit different lifestyles, East Boston has unique character that sets it apart from other locales. It’s the perfect place for people who are looking for a mix of urban and suburban living.
With so much to offer, it’s no wonder that new developments are popping up all over East Boston. Keep reading to discover some of the latest additions to the neighborhood.
New Developments in East Boston
East Boston is experiencing an exciting time of new construction and developments. Whether you’re a young professional looking for your first home or someone seeking a luxury condo with waterfront access, there’s a new development in Eastie that will meet your needs.
The Eddy at 296 Border Street is a prime example of this new wave of construction in East Boston. Formerly a plywood factory, the Eddy is now a 258-unit luxury apartment complex with sweeping views of downtown Boston and private access to the nearby harbor walk. The Eddy’s layout includes spacious one and two-bedroom units with modern finishes and amenities like 24/7 concierge services and a state-of-the-art fitness center.
Another development worth noting is Clippership Wharf at 65 Lewis Street—an expansive luxury condominium complex situated right on the water fronting Boston Harbor.
Some criticize these newer constructions as potential drivers of gentrification, while others praise them for providing quality new housing options to those who might not have been able to afford living in Boston otherwise. However, what is clear is that developers’ push into the area means more options for condo buyers overall—particularly those most interested in sleek, modern design elements.
However, it’s worth noting that not all recent development activity in the area has been limited to luxe builds. A few projects have emerged mixing affordable housing availability within new builds as well.
For example, upcoming development Orient Heights by the Sea will feature 49 condos and apartments, 14 of which are designated as affordable units. Projects like these point toward a future where affordable housing options remain available to diverse residents across East Boston.
Much like any neighborhood experiencing a period of rapid growth, there are certainly growing pains. However, overall it would seem that the wave of new development in East Boston will be a net positive for both businesses and residents, providing opportunities for economic growth and activity while still retaining the unique character that makes the area so special.
- According to the National Association of Realtors, the median sales price for condos in Boston metropolitan area, which includes East Boston, was $612,700 in 2022.
- The real estate site Zillow reported a 4.8% increase in condo prices in East Boston from 2022 to 2023.
- A Boston Globe report indicated that multi-family properties including condos accounted for around 66% of all housing stock in East Boston as of the end of 2022.
Notable Condo Resales
East Boston is a thriving city, and many properties in the area have appreciated significantly over time. However, there are a few condo resales that have recently stood out from their notable deals.
One of the most notable resales in East Boston is a beautiful three-bedroom, two-bath unit in a restored brick building. This unit boasts high ceilings, exposed brick walls, updated kitchen appliances, and private outdoor space. The condo was recently renovated to preserve its historic charm while adding modern amenities. It sold for $650k in just one week on the market.
Another noteworthy resale was a two-bedroom unit on the 20th floor with stunning views of both the city skyline and harbor. The unit boasted an open floor plan with great natural light, finished hardwood floors, and ample closet space. While it featured original finishes from when it was first constructed, this condo proved to be highly coveted due to its prime location and reasonable price point. After only three days on the market, it sold for $575k – almost $100k over the asking price.
Of course, not all resales have fared as well as these two examples. There have been several units that have sat on the market for months without any offers or interest from prospective buyers. Some of these condos may require extensive renovations or updates that are not reflected in their initial selling prices leading to potential shortcomings and deterrence.
When searching for a resale condo in East Boston, it’s essential to do your due diligence and work with an experienced real estate agent who has experience navigating the local market terrain like finding hidden gems along its margins that might suit your needs better than popular options.
Now that we’ve looked at some notable condo resales let’s explore some pointers you should keep in mind when buying in East Boston.
Pointers for Buying in East Boston
East Boston offers a wide variety of housing options, from luxury high-rise apartments to charming historic homes. With so many properties available, it’s important to have a clear idea of what you’re looking for before beginning your search.
One essential factor to consider when buying in East Boston is the location. Do you want to be close to public transportation, restaurants, or shops? Or do you prefer something more secluded and private? Search accordingly.
Another point to keep in mind is the condition of the property. Old charmed buildings might be loaded with history and character but may come with hidden issues such as high maintenance and reconstruction costs that add up on top of the initial purchasing price. While new developments might offer modern-day fixtures amenities, restricted personalization options often come with it due to pre-established brand guidelines.
Size is another aspect of buying a condo you should evaluate carefully: larger units can provide flexibility and space that might suit families better, while smaller units typically emit more coziness than larger premises ideal for individuals or couples.
Think of purchasing a condo like putting together a puzzle piece – every item must fit together precisely and match your distinct requirements. You need to consider how each piece will fit into your lifestyle both right now and several years down the road.
Factors to Consider
When you’re in the market for a new condo in East Boston, there are certain factors you should keep in mind before making a final decision. One crucial factor is the location of the condominium. Keep in mind your daily routine and the distance between your work, grocery store, schools, and other amenities. Ideally, you want a building that’s conveniently located near these places.
Another consideration is the size of the condominium. It’s important to think about not only how much space you’ll need now but also in the future as your family grows or shrinks. You’ll also want to consider if there’s enough space for storage or extra rooms that can be used as a home office, gym or playroom.
Furthermore, it’s essential to think about the age of the building and if it requires any repairs or renovations. Older buildings often have character and unique features that attract buyers but they also come with their set of challenges such as ongoing maintenance costs. Newer buildings usually require less maintenance but tend not to have unique architecture.
Lastly, HOA fees are another essential aspect to consider when purchasing a condo. Take time to research what is included in these fees and come up with an estimate of how much extra cost it will add up per month on top of the mortgage payment.
For example, suppose you have kids attending school regularly. In that case, it’s crucial to ensure that your condo is located close to school districts and transportation facilities for easy commuting back and forth from school.
Keep in mind that living near public transportation could save significant money on commute-related costs such as gas and insurance payments.
On the downside, living next to transportation facilities may lead to higher noise levels and cause disturbances during peak hours if traffic becomes too overwhelming; however, location proximity outweighs this minuscule disadvantage.
Think of condo hunting as finding your perfect puzzle piece that fits within your intended lifestyle. Ensure you consider every piece of the puzzle before disregarding a quirk of the block.
- When in the market for a condo in East Boston, several factors must be considered before making a final decision. These include the location of the building, its size (both present and future needs), age (renovations or repairs), and HOA fees. In addition, proximity to schools, transportation facilities, and amenities such as grocery stores should also be taken into account. It is essential to view condo hunting as finding the perfect puzzle piece that fits within your intended lifestyle and to consider every aspect of the building’s suitability before disregarding it.
Local Amenities and Commute
East Boston neighborhoods offer endless local amenities for residents to enjoy, such as waterfront views, shopping centers, restaurants, and parks. When choosing a condo location, proximity to attractive amenities is certainly an aspect to consider.
The neighborhood’s commuting feature should also have weight in your decision-making process. East Boston has easy access to highways and bridges that make commuting around Boston less stressful for residents; the Blue Line and Silver Line T stations are convenient public transportation options as well.
Consider factors such as distance, available modes of transportation, time required for commuting, and reliability when choosing a location for your condo. Pondering over these factors can impact how frequently you utilize public transportation or your vehicle when moving around town.
For example, if you fancy seaside walks in the evenings, choose locations closer to the harbor walk, each day becoming more enticing post-COVID-19.
With readily available transportation and recreational activities near choosing East Boston condos provide ample investment opportunities long-term.
On the other hand, amenities nearby tend to boost property values thus leading to higher taxes payable on condos located close to such facilities.
Purchasing a condo is like buying a stock. Analyzing market information about potential investments can lead to big payoffs in the future if done correctly.
Securing Investment Property Financing
Investing in real estate is an excellent way to secure your financial future, and buying a property in East Boston can be an even better opportunity. The area’s booming market offers many great investment options, but the question for many potential buyers is how to secure financing.
For many first-time investors, finding the right lender can seem challenging. Generally, traditional lenders require a high down payment (around 20%), and if this isn’t feasible, it’s good to know that there are other financing options out there. Private lenders or hard money lenders offer loan agreements with higher interest rates and shorter terms. These loans use the property as collateral, making them a more secure option for investors who are not able to secure traditional financing.
To find the right lender, research is crucial. Talk to professionals within the industry and read reviews of potential companies to ensure you’re working with someone reputable. Perhaps you can also network with fellow buyers and get recommendations based on their previous experience.
However, some people may think that one should rely on external funding sources like family or friends in case of difficulty securing additional investment property financing. While friendly funding might seem like an easier alternative, it could potentially put a strain on relationships and could become problematic. It’s always best to avoid mix personal relationships with finance.
Securing investment property financing can be compared to building a house – it requires several pieces coming together perfectly. In this analogy, four parties are involved: (1) The buyer; (2) The seller; (3) The agent; (4) The lender. Each party contributes vital elements needed to construct a financial structure that will hold up to scrutiny from all directions and provide long-term security for everyone involved.
In some cases, buyers may work directly with the lenders to help ensure they’re financing the right property. So it’s important to review all of your available options and be patient. Investing in real estate is a long-term commitment, and making an educated decision about how to finance your property can make or break your investment opportunity.
In summary, finding suitable financing for investment property requires time and research. Your chosen lender will play an instrumental role in the success of your investment efforts, but with proper preparation and due diligence, you can secure financing that is beneficial for both you and the lender. Keep in mind that securing financing takes patience and persistence but done correctly; it will create great opportunities for you in the real estate space.
