Longwood Towers Auction Results Are In

By Anthony Longo 4 04 2009

What a day! The Longwood Towers Auction kicked off without a hitch at exactly 1:00p.m. today at the Westin Copley Hotel in downtown Boston.

The buzz was flowing right from the second I valeted the car. A jam packed lobby and some very attractive hosts guided us to the elevator where we would ultimately get off on the 3rd floor. Here, the elevator door chimed open only to wait in a super long line of pre-registered bidders waiting to get their information packet, bidding paddle and some lanyards. Of course I cut the line and ducked into the room past the FBI-like security; where I met up with some of our clients in preparation of the hecticness to come.

At exactly 1p.m. - Accelerated Marketing Partners led by longtime peer Jon Gollinger, kicked off the auction for the luxurious Brookline property.

I managed to get a few photos of the auction event from my trusty iPhone and also managed to get a few clips of video on our FlipCam - but after getting my second warning and threat of getting ejected from the event - I decided to put it away. Its all good…we love AMP (Accelerated Marketing Partners) and we are happy to have several clients WIN a unit today! Enjoy the vids!

LONGWOOD TOWERS AUCTION HIGHLIGHTS

Total units for sale: 40

Total units sold: 46 (they added 7 units during auction and also pulled 1)

Total sale volume: $24,595,000

Avg Price Studio: $255,500 (75% Sale Price to Last Asking)

Avg Price 1 Bed: $348,929 (81% Sale Price to Last Asking)

Avg Price 2 Bed: $586,238 (69% Sale Price to Last Asking)

Avg Price 2+Den: $789,750 (63% Sale Price to Last Asking)

Avg Price 3 Bed: $1,072,667 (53% Sale Price to Last Asking)

So what does all this data mean?

There are lots of opinions on the subject. For starters - Longwood Towers is located in Brookline, MA. As gorgeous of a property as it is - it still is not downtown Boston or part of our urban core. Longwood has always served very well to the Longwood Medical community and of course the Fenway area - but is far from our core Back Bay, South End, Midtown, Waterfront, Seaport or North End neighborhoods. For Brookline lovers, Longwood is an ideal option to be close to town, but far enough from the busy streets of downtown.

I think the auction went out a WIN-WIN for both the developer and the new condo owners. If you pull comps for condominiums in Brookline, you will mostly see price per sq/ft in the $300-400’s, exactly where these prices fell today. For a luxury building like this I would only expect to see these PPSF prices in the high $400’s to $500’s in Brookline. The developer wins by unloading 46 units and setting the tempo for the remaining units in the project. All in all I think a great day for all.

DOWNLOAD THE ENTIRE XLS REPORT

If you would like the report in Excel please just email me (tony@condoDomain.com), and send $500 (kidding), and Ill shoot it out to you.

Watch Videos: Auction Intro | Bidding on a Unit

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Categories : Auctions, Boston Condos, Brookline, New Developments, Press Release

Longwood Towers Auction Final Updates

By Anthony Longo 29 03 2009

Update #1 - If you are planning on attending the auction MAKE SURE you get those yellow registration cards sent in. You can not attend without those.

Update #2 - Make sure you read all the terms & conditions – if you have any questions call me directly at 617 515 5498

Update #3 - Practice Auction is the day before the Auction (April 3rd – I highly recommend going if you plan on bidding) Westin Copley Hotel / Essex Ballroom 6:30 pm

Update #4 - I have attached all sold comps for Longwood Towers that were listed in the MLS (46 units)

Update #5 - We have toured more than 25 clients through the towers over the past 2.5 weeks. We would like to get a better handle on who is very serious about bidding on these units. If you are serious and plan on attending the auction please call me as I would like to talk strategy so all of us can get the best possible deal together.

Update #6 - If you get this email right away – head on over to the towers before 5pm to attend the “Taste of the Neighborhood” - should be fun!

ANY QUESTIONS AT ALL PLEASE CONTACT TONY LONGO AS HE IS HANDLING ALL CLIENTS WHO ARE ATTENDING THE LONGWOOD TOWERS AUCTION

EMAIL: Tony@condoDomain.com
Phone: 617.515.5498

*** Please note if you have not seen the property it is still not too late. Contact Tony to schedule a tour ASAP ***

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Categories : Auctions, Boston Condos, Brookline

Beacon Hill Condos

By Anthony Longo 25 03 2009

Beacon Hill Condos

Beacon Hill Condos: Peaceful Living with Downtown Convenience

Looking for downtown location that maintains a close community feeling? Investing in Beacon Hill real estate may be your best option. While Beacon Hill condos makes up one of Boston’s smallest communities, it is also one of the most charming and prestigious. However, new construction of Beacon Hill condos, including Beacon Hill condo developments, is rare, so having an experienced real estate agent is essential.

Beacon Hill real estate’s classic Boston architecture is surrounded with plenty of green space. Many brick row houses have been converted into Beacon Hill condos. Varied residents fill Beacon Hill condos, but Beacon Hill condos are a favorite among families. Beacon Hill real estate owners will find several parks, including Boston Common and the public garden, only a stroll away. Because Beacon Hill real estate is filled with these green spaces, it is the perfect place for children. Additionally, the proximity of the State House and Massachusetts General Hospital to Beacon Hill real estate makes this area a favorite for local lawmakers and medical professionals.

Finding a Boston Condo or a Beacon Hill condo can be daunting. However, at CondoDomain we are experienced in finding Beacon Hill condos and luxury real estate throughout Boston. Finding the right Beacon Hill condo is only the beginning. Here at CondoDomain, we will help you get the best price with our excellent negotiators. You want to be excited about your new Beacon Hill condo, not concerned about haggling over the price and details. Contact us now to ensure you have the best resources available including open houses and choice listings.

New Beacon Hill Condos Developments

Lincolnshire Condominiums

Existing Beacon Hill Condos Developments

Bowdoin Place
One Garden Street

Search All Beacon Hill Condos

Tags: Beacon Hill, Beacon Hill Condo, Beacon Hill Real Estate, Charles Street, Boston Real Estate, Luxury Brownstones

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Categories : Back Bay, Boston Lifestyle, Boston Lofts, Boston Real Estate, Brookline, Cambridge, Commissions, Dorchester, East Cambridge, RE.TECH, South End, Super Luxury

Longwood Pre-Auction, I will be there today!

By Anthony Longo 21 03 2009

I will be at Longwood Towers today from 1 pm - 4:30 pm touring the property that is about to hit the Auction block in less than 2 weeks.

Our firm specializes in representing buyers and is representing more than 14 buyers who are looking to bid on this spectacular development.

Anyone interested in visiting Longwood Towers today - please feel free to come on by - but PLEASE CALL ME beforehand so we can get you scheduled in.

My cell is 617-515-5498

If today does not work - we are more than happy to schedule you a private tour either tomorrow or later next week. Look forward to seeing you all. Thx, Tony Longo

(more details)

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Categories : Auctions, Boston Condos, Boston Lofts, Brookline, Commissions, Featured Listings, New Developments, Super Luxury

Hammondswood At Chestnut Hill Giving Away Mortgage Rates!!!

By Anthony Longo 18 03 2009

Hammondswood At Chestnut Hill is having a huge 3 day event and is basically giving away “FREE MONEY”.

For 3 days and 3 days only Hammondswood is offering 30 year fixed rate mortgages for 3.875% !!! I have never ever seen rate this low - EVER. Jessica and I have toured the property many times and do like what they offer. Our pricing on our website is a tad outdated…I believe the prices have dropped a bit and units start in the $400’s now!

Hammondswood is a new condominium development located in Chestnut Hill right off Rt. 9. Its close to Boston and offers spacious units. If you are interested in Hammondswood at all, call us so we can take you there and lock in your 3.875% interest rate!!!

More Details: Hammondswood | Boston Condos | Hammondswood Blogs

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Categories : Boston Condos, Boston Real Estate, Brookline, Featured Listings, Mortgage Financing, New Developments

Longwood Auction: Private Tours With CondoDomain

By Anthony Longo 16 03 2009

longwood towers auction

Lots of action still buzzing around the Longwood Auction which is coming up very shortly. Just our firm alone has drummed up more than 50 inquiries regarding the Longwood Towers Auction to take place on April 4th!

If you are intersted in possibly bidding at the auction you must go and tour the units beforhand. The auction sales center has been very flexible and is open everyday.

Jessica, Tim will be spending a good chunk of our week over at Longwood Towers touring the units with potential bidders. If you are interested in attending this auction, please feel free to come meet us at Longwood Towers any day this week by scheduling a time with us.

Both Jessica and Tim will be covering a big chunk of the week and I will be there almost all day Saturday so feel free to contact me as well.

Longwood Auction Pricing

Setup an appointment to tour with Jessica or Tim

*** Remember, when you buy with CondoDomain - you get an additional cash back bonus ***

Comments : 2 Comments »
Categories : Auctions, Boston Condos, Brookline, Commissions

Brookline Condo Auction - Longwood Towers Update

By Anthony Longo 11 03 2009

Longwood Towers Condo Auction is now showing. The time has come and it is now open to the public to start showing the condo units. You can now preview every Longwood Tower condo unit that will be auctioned off starting tomorrow!

Because Accelerated Marketing Partners allows co-broker participation, you CAN have a buyers agent represent you and work with you at the Longwood Towers Auction event.

What does this mean for you?

Well, this means you will not only get a steal on your Longwood unit, but you can get EXTRA CASH BACK via the CondoDomain commission refund buyers agent model.

Using a buyers agent to help you with your purchase is always FREE as the seller always pays the buyers agent co-broke commission, usually 2.5% of the purchase price.

If you are not familiar with our business model, CondoDomain buyers agents work with all of our clients for a low flat fee and refunds the remainder back to our client (the buyer). On the average $500,000 purchase a buyer working with CondoDomain will get back $7,500 in CASH!!!

CondoDomain Agents are now showing buyers these Longwood Auction units so if you plan on attending or are interested in buying one of these units make sure to contact us so we can bring you over to the condo development.

If you are in a rush and you need to go over to Longwood right away, make sure you sign in and let the sellers representative know that YOU ARE working with CondoDomain as your buyers agent!

More on the Longwood Towers Condo Auction:
Previews start tomorrow (3/11) and the condo auction will be held on Saturday April 4th at the Westin Copley in the Back Bay.

The Auction Information Center, as well as the auction homes, are open daily from 11 AM - 6 PM, Monday through Saturday, and 12-6pm on Sundays. Please visit us at 20 Chapel Street, Brookline, MA 02446. Call us so we can schedule you an appointment at 617-314-7704.

For more information and to look at floorplans, you can login to the Longwood Auction Condo website (BE SURE TO CHECK OFF “REAL ESTATE BROKER” when you register to insure that you can work with us.)

Check out the minimum pricing for the auction units below: (click to enlarge)

longwoodpricing

Comments : 2 Comments »
Categories : Auctions, Boston Apartments, Boston Condos, Brookline, Featured Listings, New Developments, Open Houses

Beautiful in Brookline

By Jessica Quirk 23 10 2008

This condo unit at 101 Summit is definitely worth a close look.

Gorgeous two bedroom unit with one full bath and two half baths. Not only that, but two fireplaces as well! High ceilings, oversized windows, and hardwood floors are just a few of the highlights to the great interior features at this condo unit at 101 Summit in Brookline.

Other interior amenities include:

-granite countertops

-stainless steel appliances

-large pantry

-extra storage

All of this and much much more, listed for only $675K! Live in close proximity to Boston, but have the luxury of not only a parking space, but additional parking too! There is even a private deck offering a fantastic view of the Boston skyline.

Contact Us for more information about 101 Summit in Brookline

Or visit the website to take a virtual tour of the property

www.101summit.com

Click here to view more details on 101 Summit in Brookline

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Categories : Boston Condos, Boston Real Estate, Brookline

Redfin Boston Listings

By Anthony Longo 6 06 2008

Our pals over at Redfin got a few new Boston Listings for sale! Congrats guys!

If you don’t know Redfin, they are one of the first web-based real estate brokerages here in the U.S and have been tearing it up ever since. A very similar concept to ours here at CondoDomain but they do sell side or listings too where at CondoDomain we just work with buyers.

Anyway - we are big fans or Redfin and have always considered ourselves allies in the industry.

Check out the Redfin Listings for sale this weekend (They both have open houses)

75 Clarendon Street, #201
Back Bay, MA 02116
Beds: 2/Baths: 1
SQ.FT.: 974
$ 599,000
Open House: Sunday, June 8, 11:30am-1:00pm

751 Washington St #2
Brookline, MA 02446
Beds: 2/Baths: 1
SQ.FT.: 1483
$579,000
Open House: Sunday, June 8, 1:00pm-3:00pm

PS: Don’t be shy if you go and visit an open house…just let the Redfin agent know that you are working with CondoDomain.com. We have been dieing to do a transaction with our pals at Redfin!

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Categories : Boston Condos, Boston Real Estate, Brookline, RE.TECH, South End

Longwood Towers Another Hiccup (Brookline)

By Anthony Longo 17 04 2008

*** CLICK HERE FOR UPDATED POST - MARCH 10, 2009 - LONGWOOD TOWERS AUCTION - CLICK HERE ***

The halfway successful Longwood Towers will hit the auction block (for developers).

** Note this is not an auction for individuals to come and bid on units. This auctions is for an investment group and or developer to come in and reposition the product for what the market is asking for. **

Radco Co’s out of Atlanta, GA who bought the landmark building back in 2005 may have bit off a little too much. I had consulted on this with local Miami developer Crescent Heights in which I believe the building should have been purchased for some 10%+ less than Radco paid…launching this project on the wrong foot.

However, the development has done fairly well with the local medical community in the Longwood area….its just too many units at that price point right now. Its a beautiful project and well worth it…however, this auctions should pose to put Longwood Towers in a much better position to restructure this deal.

The foreclosure auction, at which 196 units in the Brookline development will be sold as a single block, is the largest of its kind to date during the current real estate market downturn.

The lender, New York-based iStar Financial, plans to bid on the property at the auction through a subsidiary. If successful, the firm would then complete renovation work on Longwoods three residential high-rises, the company said in a statement, where units are priced anywhere from the low $300,000 range to $1.5 million.

Stay tuned here on the Longwood Auction. More to come…

Search Brookline Condos

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Categories : Auctions, Boston Condos, Boston Real Estate, Brookline, New Developments, Super Luxury