THE BOSTON CONDO BLOG » Pricing

Tom & Gisele Brady Purchase $10M Brookline Home

Betsy Wagner — Thu, 24 Dec 2009 20:08:48 +0000

Brookline, welcome your newest residents Patriots QB Tom Brady and his wife and supermodel Gisele Bundchen. The couple has put an 11-room gated antique mansion located off of Route 9 in Brookline under agreement with plans of a March closing date.

The new digs, a renovated circa-1850 home on three acres of the old Gardner estate, has four bedrooms, five bathrooms, seven fireplaces (Santa will have his pick!), a luxury kitchen, multiple porches, a deck, and a 40-by-20 Gunite pool. The seller purchased the property for $1.9 million and spent a large sum renovating the home. The couple were also thrilled that the location of the home is close to the school where their newborn son Benjamin will eventually attend school.

Gisele recently sold her Manhattan townhouse for a whopping $13.5 million…good news for the couple since the 2010 tax bill on the new Brookline home is $80,000.

Brady’s Back Bay penthouse remains on the market for sale at an asking price of $10.9M. The price per square foot is a little over $2,000 whereas comparable luxury Back Bay homes have been selling around $950-1,000 per square foot. My thoughts, and just an obvious observation – the pricing needs to come down.

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The Ultimate Hybrid

Betsy Wagner — Mon, 21 Dec 2009 19:57:07 +0000

Young, sexy and known around the world…you know what we’re talking about. That attractive coupling desired by both male and female. No silly, not Brangelina, we are talking about the condotel.

The all the rage hybrid of a condominium and a hotel, a home with hotel services available to owners. Most of these properties are owned and operated by a brand name luxury hotel chain such as Starwood, The Intercontinental and The Ritz Carlton.

Several condotel ownership opportunities are available in Boston. Here’s a quick rundown of current market availabilities. Interested in learning more? Want to invest in a Boston condotel home? Contact me, Jeanine Heller at 508.930.6232 or email jheller@warrenre.com

Starwood W Residences Boston – 100 Stuart Street – Theater District

1 Bed starting at $460,000 – 3 Bed Penthouse at $3,650,000

The Residences at The Ritz Carlton Boston – 1-3 Avery Street – Midtown

1 Bed starting at $595,000 – 4 Bed Penthouse at $7,900,000

The Residences at The Intercontinental – 500 Atlantic Avenue – Waterfront

1 Bed starting at $749,000 – 4 Bed Penthouse at $6,450,000

The Residences at The Mandarin Oriental – 776 Boylston Street, Back Bay

2 Bed starting at $2,650,000 – 4 Bed Penthouse at $16,990,000

Rowes Wharf at The Boston Harbor Hotel – 20 Rowes Wharf – Waterfront

2 Bed at $3,900,000

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Price Drop at Boston’s South End Penmark Lofts

Betsy Wagner — Sat, 28 Nov 2009 23:07:44 +0000

Attention all buyers The Penmark has dropped its pricing on the 11 remaining units. With up to $100,000 in savings…That’s $100,000 off the last asking price! Ten 2 bedroom a 1 bedroom with study remain out of the original 60-units.

Condos at the Penmark feature granite counter tops, SubZero and Bosch appliances, bamboo floors, floor to ceiling arched windows, gas cooking and a deeded garage parking spot per unit. Formerly BC High School this gorgeous loft building is full of character and charm.

If you are looking for a great deal in the south end then The Penmark is worth checking out. To schedule a showing just give me a call or email me. I look forward to introducing you to The Penmark.

JEANINE HELLER

Tel: 508.930.6232

Email: jheller@warrenre.com

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Black Friday Boston Real Estate Style

Betsy Wagner — Fri, 27 Nov 2009 23:28:20 +0000

Black Friday, ah yes the infamous day where shoppers line up at the crack of dawn to get that must have item on sale.
To honor of this price dropping “holiday” here’s a look at 2 properties holding their own Black Friday. Let the prices drop. Please contact me if you are interested in either property at jheller@warrenre.com

346 Beacon Street (2 Bed / 3.5 Bath) — WAS $2,350,000 — NOW $2,150,000

335 W 2nd Street (2 Bed / 2 Bath) — WAS $475,000 — NOW $464,000

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Schilling Slashes Price In Order to Sell Medfield Mansion

Betsy Wagner — Fri, 20 Nov 2009 04:58:32 +0000

Buyers balked at the price, so Curt Schilling is changing his pitch again in an effort to sell his Medfield mansion.

No. 38 has reduced the price of his 26-acre Medfield estate to $4.5 million, the same price the former Red Sox pitcher and his wife Shonda paid Drew Bledsoe for the 20-room Colonial in 2004.

The 11,000-square-foot gated home, which includes a home theater, heated swimming pool, an all-sports court and a professional batting cage, was originally listed last year for $8 million. That price was dropped to $5 million in March.

“At $8 million, it was priced way too high to begin with,” said Scott Colwell, a developer who is selling a new four-bedroom home in the Woodcliff Hills section of Medfield for $1.4 million. “They lowered the price to 2004 levels, which is more realistic in today’s market.” (Source: Boston Herald)

Want more info? Email jheller@warrenre.com

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Price Drop: Boston Belvidere

BWagner — Thu, 19 Nov 2009 23:47:33 +0000

Alert, price drop at the Belvidere. Unit 7H just dropped from $2,500,000 to $2,145,000. This 2 bed 2.5 bath is located on a high front facing floor with phenomenal water views of the Reflective Pool and the Christian Science Complex, ample sun light all day, storage room, world class amenities, 24 hour concierge, Valet/self parking option, spacious and lavish Common Library on the 2nd floor w/ complimentary daily continental breakfast and newspapers, fabulous common roof deck.

Interested parties please contact Jeanine Heller at 508.930.6232 or email me at jheller@warrenre.com

JEANINE HELLER

Tel: 508.930.6232

Email: jheller@warrenre.com

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Fresh on the Market: Absolute Masterpiece Residence @ Mandarin Oriental

BWagner — Sun, 08 Nov 2009 01:50:38 +0000

For once I am speechless….this is absolute perfection….looks wise, not so much price wise.

Interested? Call me direct at 508.930.6232 or email jheller@warrenre.com

Details (direct from MLS listing):

Exquisite 5,000 sf private condominium on Twelfth floor of Mandarin Oriental Residences. Rare to come on the market with beautiful custom finishes and state of the art home technology. Front and corner facing with incredible views of the Charles River and expansive views West. Limestone and dark distressed wood floors throughout. Expansive outdoor space with 3 terraces. Commercial grade Lutron lighting and Crestron home audio/video system. 2 Garage Parking spaces and abundant storage.

3 Bed / 2.5 Bath

4,922 sqft

Asking price: $13,700,000

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1st Time Buyers: Housing Credit Will Most Likely NOT Be Extended

BWagner — Tue, 27 Oct 2009 02:24:18 +0000

Attention 1st Time Buyers! Better Act Fast if you want your Tax Credit…

Today’s Bloomberg reports that The U.S. Congress will probably phase out the tax credit for first-time home buyers, according to a note sent by ISI Group Inc.’s Washington research analysts.

“There could be an agreement reached as early today on the Reid/Baucus amendment that would PHASE OUT (not extend, as we originally understood when the idea was first proposed last week) the home buyer tax credit,” ISI analysts said in the note. “The phase out is worse than a straight extension and probably worse for housing than the consensus.”

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Boston Back Bay Bryant Auction Results

BWagner — Tue, 20 Oct 2009 21:29:19 +0000

Here’s the results from the auction of The Bryant Back Bay – all sold within 30 minutes. Due to the success of the auction The Bryant will be selling 30 additional units at Auction Pricing – Act Fast! For further information please call Jeanine Heller at 508.930.6232 or email jheller@warrenre.com

Click here to view results

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Fresh on the Market: Tom Brady’s Boston Penthouse

BWagner — Fri, 16 Oct 2009 16:33:59 +0000

Want to sleep where Patriot’s Quarterback Tom Brady slept? Now is your chance, Brady’s penthouse home has just hit the market. The 3 bed 3.5 bath Beacon Street home was listed this week with an asking price tag of $10,900,000.

Here’s the listing description: “In an American Renaissance mansion, this contemporary PH is the pinnacle of 21st century living boasting unobstructed views of the Charles River and city skyline. This 5,000+ sq sf Dplx has 3+ beds, 3+ baths, 5 frplcs, a stunning great room opening to the gourmet kitchen. Magnificent south facing living room, ultra-hi-tech media room, & master suite w/ an oversized his/her dressing room & a luxurious en-suite bath. Gym, 2 landscaped Pvt Decks, Doorman, Garage Pkg 4 cars & 1 outdoor space!”

Interested? Call me today – Jeanine Heller 508.930.6232 or email jheller@warrenre.com

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