Residences at Penny Savings Bank is a boutique luxury building with 23 condos in the South End. Constructed in 2007, Penny Savings Bank has a variety of floorplans, including lofts, 1 & 2 bedrooms and 2+ bedroom condos. Many of the residences at Penny Savings Bank have high ceilings, floor-to-ceiling windows with City views, chef’s kitchens and luxurious bathrooms. Condos range in size from 800 to 1,600 sq/ft penthouses. The building enjoys one of the finest locations in the South End.
Residences at Penny Savings Bank was constructed in the early 1900s and converted to 23 luxury condos in 2007. The original bank is a two-story structure with marble exterior, which was preserved during the 2007 condo conversion. A 10,000 sq/ft glass & steel addition was added above the existing bank during the conversion to allow for 24 condominiums. An underground garage was also added to accommodate 25 cars.
Just outside the building’s front door are some of the area’s best restaurants: B&G Oysters, Aquitaine, Kitchen, Butcher Shop & Stephi’s. The South End is one of Boston’s most vibrant communities and is home to some of the Boston’s best shopping, galleries and markets. The Residences at Penny Savings Bank enjoys easy access to Back Bay, public transportation and major highways.
The South End was built on the filled tidal flats during the mid-1800s. The neighborhood was designed to attract the wealth merchant class, with large Victorian townhouses surrounding park squares. At the turn of the century, wealthier Bostonians chose neighboring Back Bay instead of the South End, opening the area to a diverse working class. The signature South End townhouses were carved into apartments and lodging houses.
In the 1950s, the South End was selected as an urban renewal area, with scattered affordable housing developments constructed throughout the neighborhood. The area began to be revitalized by an influx of young professionals moving to the neighborhood, restoring the housing stock and turning many of the units into larger apartments, condominiums, and single family homes.
The area’s commercial centers run along Massachusetts Avenue, Tremont Street and Washington Street and serves increasingly diverse populations. Popular upscale restaurants and art galleries have added to the area’s unique character.
2 bedroom sold in Residences at Penny Savings Bank Average sold price - $1,299,900 ($931 / sqft)
|503||$1,775,000||2 / 2 / 0||1,628||06/26/2015||$1,090/SF|
|304||$1,500,000||2 / 2 / 0||1,500||06/01/2015||$1,000/SF|
|301||$1,410,000||2 / 2 / 0||1,265||11/13/2015||$1,115/SF|
|305||$1,365,000||2 / 2 / 0||1,430||07/31/2017||$955/SF|
|401||$1,365,000||2 / 2 / 0||1,267||06/01/2015||$1,077/SF|
|403||$1,340,000||2 / 2 / 0||1,629||10/31/2011||$823/SF|
|305||$1,250,000||2 / 2 / 0||1,430||06/28/2016||$874/SF|
|501||$1,240,000||2 / 2 / 0||1,267||12/30/2011||$979/SF|
|305||$889,000||2 / 2 / 0||1,430||11/30/2012||$622/SF|
|302||$865,000||2 / 1 / 1||1,118||08/16/2012||$774/SF|
1 bedroom sold in Residences at Penny Savings Bank Average sold price - $983,476 ($705 / sqft)
|203||$1,735,000||1 / 2 / 0||2,015||11/02/2017||$861/SF|
|402||$1,150,000||1 / 1 / 0||1,113||11/13/2015||$1,033/SF|
|205||$920,000||1 / 2 / 0||1,630||05/23/2013||$564/SF|
|502||$820,000||1 / 1 / 0||1,122||11/15/2011||$731/SF|
|406||$292,379||1 / 1 / 1||876||04/30/2014||$334/SF|