South Boston Real Estate continues its upward trajectory – check out these recent sale prices
I can recall the first home sold for $500,000 in the neighborhood. It was mind-boggling to a person who grew up in South Boston that real estate could be that expensive. Now, $500,000 is cheap. Real estate in Southie now averages well over $1M, and prices show no sign of slowing down. Recently, MassLive posted about recent real estate sales in the neighborhood, with prices ranging from $1,150,000 to a whopping $2,625,00. Wowza!
You can see the post below aggregated by Real Estate Newswire via MassLive:
A spacious historic three-unit house located at 737 East Seventh Street in South Boston has a new owner. The 3,249-square-foot property, built in 1905, was sold on Aug. 15, 2024, for $2,625,000, or $808 per square foot. This three-story triplex features a total of seven bedrooms and seven baths. The home’s external appearance showcases a flat roof design. The interior features just one fireplace. The property is equipped with forced air heating and a cooling system. The lot of the property covers an area of 3,125 square feet.
These nearby houses have also recently been purchased:
- On N Street, South Boston, in November 2022, a 1,911-square-foot home was sold for $1,150,000, a price per square foot of $602.
- A 3,732-square-foot home at 665 East Seventh Street in South Boston sold in October 2023, for $1,849,000, a price per square foot of $495. The home has 6 bedrooms and 3 bathrooms.
- In July 2023, a 2,730-square-foot home on East Fourth Street in South Boston sold for $1,725,000, a price per square foot of $632. The home has 4 bedrooms and 3 bathrooms.
Maureen Dahill is the editor of Caught in Southie and a lifelong resident of South Boston sometimes mistaken for a yuppie. Co-host of Caught Up, storyteller, lover of red wine and binge watching TV series. Mrs. Peter G. Follow her @MaureenCaught.
When talking Real Estate Price ANYWHERE the Cardinal Rule is; LAND, LAND, LAND. The price is always for the LAND not the building on it. The location depending upon where you are talking about can drive the price UP. e.g. SOUTH BOSTON! South Boston is a HOT SPOT and has been for some time. Ask any Realtor and they will agree with me. No building is worth the prices we see them advertised for! My Grand Parents bought a 3 Decker on P St between Broadway and Fourth St in 1952 for $5000.00 Cash. Today each floor in that house
(1 block from the beach) is priced at 1 Million +. LAND and LOCATION!
Busing destroyed family housing in SB