Million dollar homes appear in the unlikeliest places
Dorchester now has two homes for sale in the million-dollar range, while East Boston, Roxbury and Revere each have one.
Million-dollar homes are starting to pop up in some seemingly unlikely neighborhoods and towns as real estate prices hit new records.
Dorchester now has two homes for sale in the million-dollar range, while East Boston, Roxbury and Revere each have one.
The appearance of million-dollar listings in otherwise humble zip codes comes as the number of homes with seven-figure price tags rises across the state.
Sales of homes between $1 million and $1.5 million rose 15 percent during the first seven months of the year, compared to 4 percent for homes under $1 million, Pinnacle Residential Group has reported.
“If they are not record prices, they are near record prices,’’ said Thomas Callahan, executive director of the Massachusetts Affordable Housing Alliance, which is based in Dorchester. “You have not seen those numbers all that much – it is definitely concerning.’’
Over in the Savin Hill section of Dorchester, a downtown Boston restaurateur has put his three-bedroom, two and half bath single-family home on the market for $999,000.
Built in 1910, the extensively renovated gambrel overlooks bucolic Savin Hill Park. The 2,244-square-foot home has an open floor plan and “built-in sound systems for entertaining.’’ According to the listing, other attractions include: a chef’s kitchen with a Wolf range, eucalyptus cabinets, plus granite and stainless steel finishings. There’s a second floor master suite with a custom-built dressing room and “the biggest, best shower ever.’’
Over in Clam Point, another coveted section of Dorchester, a meticulously restored 1845 Greek Revival is on the market for close to $1.3 million.
The eight-bedroom, 6,400-square-foot home includes an attached townhouse with the potential to be rented out for $2,500 a month, the listing notes.
In East Boston, which has seen a waterfront construction boom, an imposing brick two-family overlooking the harbor is on the market for nearly $1.1 million in the Jeffries Point section.
There is a one-bedroom, two-bathroom duplex with a “step-down living room with wood-burning stove and a bonus room that could be a second bedroom or office,’’ the listing notes. The second unit, a triplex, has two bedrooms, and two-and-a-half baths, an updated kitchen with “everything for the at-home chef’’ and a spiral staircase leading to a “dramatic top floor’’ that includes a master bedroom with its own deck and “en-suite bath.’’
The property is also being pitched for its potential to be “converted into one grand residence.’’
Next door in Revere, the owner of a beach front “Italian Villa’’ at 335 Rice Ave. just knocked $297,000 off the price, bringing it down to $998,000. Sliding doors from the master bedroom lead to a deck overlooking the ocean.
And in Roxbury, a three-family at 192 Amory St. is on the market for nearly $1.5 million near Stoney Brook station. The building has a new roof and gutters, with each unit totaling 1,750 square feet.
See the neighborhoods where homes are selling fastest:
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com