June
2009
1850 Auction
Wareham Street, Boston Ma
The 1850 is a rehab of the former Allied Bolt & Screw buildings to a residential loft building. Located in the South End, The 1850 is just steps to studios, galleries, boutiques, and many fabulous restaurants. The 60 unit development consists of 1 and 2 bedroom condos ranging from 681 to 1,564 square feet. The lofts at The 1850 feature original brick walls, large, energy efficient windows, high ceilings, central ac, as well as modern kitchens featuring stainless steel appliances, maple cabinets, and tile backsplashes.
Of the 60 units, 25 have sold since sales commenced a year ago, and thus the developer has set an auction for June 28th. Prices at the auction have been set at $175,000 to $395,000 while the original prices of the units ranged from $345,000 to $800,000. The 1850’s auction will be the first in Boston since 2006.
Please contact us at realestatebostonblog@gmail.com for more information and or for buyers representation at the project. As your buyers rep. we can put together market analysis of the area – what has sold in the building year to date – price per sq. ft sell price year to date – at no cost to you… If you are serious about purchasing at a marketing auction it is great to have representation. I bought my first condo at a marketing auction and I as a broker wish that I had someone seasoned their to walk through the process as once you are the winning bidder things move quickly and you want to know that process ahead of time! Our team collectively has had buyers in the last 5 marketing auctions!
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