By Stephen McCarthy
South Boston Average Sale Price Past 6 Months aprox $929,000
Seaport Average Sale Price Past 6 Months aprox $2,200,000
Compare 1778 Columbia Rd unit 2 in South Boston listed by The Quirk Group
vs
300 Pier Four Blvd, unit 5J in Seaport listed by Elizabeth Crowley
Each unit is asking $2,799,0000
1778 Columbia Rd is on the 2nd floor of a 3 unit building currently under construction.
300 Pier Four Blvd, unit 5J is on the 5th floor of a 106 unit building.
The neighborhood around 1778 Columbia Road is a very traditional type of Boston neighborhood. This condo standouts as a brand new construction building. It is not your average triple decker.
300 Pier Four is in the Seaport. The Seaport is Boston’s newest neighborhood. This condo fits in with its surroundings. Incredible unit but is not the “best house on the street”
Typically buyers lock in on location. A buyer in the Seaport might not even consider South Boston. Conversely a buyer will be at the very top end of the South Boston market with a budget at $2.8M
1778 Columbia Road, unit 2 features over the top fit and finishes. Aprox 2,462 sq ft of living space on one level. This equates to a PPSF of $1,136. The home features 3 bedrooms, 2.5 bathrooms, direct in unit elevator, 2 garage parking spaces and right across the street from M Street Beach and the South Boston Yacht Clubs. A long established, sought after South Boston location.
300 Pier Four Blvd, unit 5J features 2 bedrooms, 2.5 bathrooms aprox 1.374 sq ft equates to $2,037 PPSF. The finishes are high end with direct access to a private deck overlooking Boston Harbor. Here you will get one parking space and a storage closet outside the unit.
300 Pier Four building will offer high end amenities. 24 hour concierge, gym, golf simulator and a common area terrace with fire pit and grill.
300 Pier Four condo fee $2,201 vs a projected condo fee of $350 at 1778 Columbia Road. This is a a big part of the equation as the condo fee impacts what a buyer can afford. At $2.8M a buyer might be able to afford Columbia Road but not the Seaport unit.
2 great options to consider. Life in the Seaport looks pretty attractive. Proximity to downtown. Great place to live and walk to work or just about everything Boston offers.
Life in South Boston might be a little quieter and if you need the living space 2,462 sq ft will sustain most for a very long time.
Which one is better? I like the upside of anything in the Seaport. But South Boston is only a half a step behind in that regard. Most likely it becomes a matter of what a buyer needs. Which is more important? Being in the Seaport or having the larger living space? Which is preferred life in a full service building or a lower condo fee with less services? Maybe you would enjoy the old school neighborhood rather than the glitz of the Seaport.
Me? I pick the Seaport this time!! What about you???
