Towards the end of last month the Sepia Condominiums began closing located at 32 Traveler Street in Boston’s South End and more specifically the Ink Block neighborhood. This location which for decades has mainly been home to industrial buildings has had a burst of development within recent years. The large project at Sepia which is very visible of I-93 consists of condominiums as well as apartments. The neighborhood is also home to a state-of-the –art Whole Foods which was completed just over a year ago. While many in the real estate community were reluctant to think this location could achieve similar pricing to the more residential sections of the South End, the sales prices speak for themselves and they are very impressive. The 75-unit condo complex consists of a wide range of properties from studios to spacious three bedrooms. Of the 67 market rate homes in the building the average price per foot was $1,036/sf and the median sales price was $937,900. There were also seven units in the building trading for more than $2,000,000 with the highest sales being two penthouses which each sold for $2,205,000. With sales figures like this in a section of Boston which in years past would have been undesirable, it is no wonder there are cranes everywhere you look.
Carmela Laurella once again ends the year strong by making the largest home sale in Boston for the month of December. The 2,508 sq.ft. residence at The Clarendon has gorgeous Charles River and City views, 3+ bed/4.5 bath, and sold for $4,100,000 with an average price per square foot of $1,634/sq.ft.
Designed by world renowned architect Robert A.M. Stern, The Clarendon is a 33 story brick, glass & steel tower that was completed in 2009. The building features concierge, valet garage parking, expansive common roof deck, Equinox Gym & Post 390 Restaurant. Centrally located in the heart of Boston, The Clarendon is steps to shopping on Newbury Street, Boston Common & some of the finest restaurants in the South End.
For more information on the Boston real estate market, contact CL Waterfront Properties today!