South End Price Reductions Under Half a Mil
South End real estate seems to follow a standard: homes closer to Back Bay cost more than their remote counterparts. I have no research to support this point, but it appears proximity to mass transit, large employers, and retail shopping sustain higher prices on the northwest side, while a homeless shelter, a small warehouse district, and the junction of two interstates detract from the less-expensive southeast side. And we have a hospital that hosts the area’s best methadone clinic.
Perhaps something else made the southeast less desirable for residential building and more attractive to light industry. I’d love to hear what the pros have to say… John K, Anthony, any thoughts? Sunshine & Lollipops?
The following price reductions follow my theory:
40 Lawrence Street, #3
New Price: $439,900
Original Price: $449,900
Beds: 2/ Baths: 1
SQ. FT.: 556
$/SQ. FT.: $791
567 Tremont Street, #14
New Price: $439,000
Original Price: $445,000
Beds: 1/ Baths: 1
SQ. FT.: 670
$/SQ. FT.: $655
700 Harrison Avenue, #513
New Price: $449,000
Original Price: $499,900
Beds: 1/ Baths: 1
SQ. FT.: 752
$/SQ. FT.: $597
