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.