Erica Farthing reports that for the next 30 days, all units not sold at that recent pin-in-balloon auction will be for sale at auction prices.
Prior to the auction, there was a website describing every condo's floor plan, exactly which units were still available, and their starting prices.
Some of those were semi-attractive to me, and if they're purchasable at the auction prices, it might be worth more investigation on my part. Does anyone have a link with exactly which units are left for purchase (and it wouldn't hurt if they were linked to the floor plans again too)?
I do not know. However, I went to take a tour of the units, and while the prices were attractive, the condo fees were not.
Seriously. Or, are you thinking for investment? Just curious.
That reminds me of this episode of Seven Second Delay, from WFMU, where the question is: would you rather spend the rest of your life outside, or in the Livingston (New Jersey) Mall.
which is (among other things) a mall. One of the residential buildings even connects indoors to the mall, I think.
If you walk out the door at the Pru, you're in the back bay.
If you walk out the door at the Collection, you're in a parking lot in the suburbs.
You can walk out of the Prudential Center into the rest of the city.
You walk out of the Natick Mall complex to Home Depot and Rte. 9.
Really not an apt comparison. There are also condos attached to Copley place, but the street address is St. Botolph. In each case, the mall is just an added feature, not the only feature.
If I remember correctly, there were some 1 bedroom units starting at around 175k-200k for about 1000 sq ft, good space well within my price range. You can't find that in a luxury condo in Back Bay (or just about anywhere in the city). It's about 8 miles to Riverside and even less to the Commuter Rail.
I'd like to keep all of my options open, but besides it being new (no immediate upkeep problems) and also having a mall whenever I wanted one, I'd also have amenities (concierge, game room, wine bar, etc) you don't necessarily get at just any random condo. So, there are a few advantages to the place if you can get it at a reasonable price compared to everything I've seen in Redfin lately.
AND I see it as a smart investment given that there's a lot of upside to the price considering that the price can only likely go up from some of their auction starting prices. So, it was something worth considering and now that there's a new certain price tag instead of the auction, I'm curious again.
There was a 1028sqft unit that went for $315,000, but you also need to take into account the $0.61/sq ft Condo Fee. That would be $627/month for the $315k unit.
Those amenities are paid for in your condo fees. I bet they are quite high.
Kaz, go to the Boston Condo Loft site for auction results.
My bad on that title, I guess. I looked at that pdf. It only has the list of units that sold at auction. It doesn't list all of the units that are still available. I was hoping for an inventory of exactly which units does this 30-day sale apply to. I can't find that anywhere online yet.
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