As the wave of growth continues throughout many emerging areas of Boston, the first condo sale over $1 Million just closed in Brighton on November 30th. Located at The Lancaster, 1501 Commonwealth Avenue, the penthouse unit traded at a price of $1,055,000. Marketed by the Vineburgh | DiMella team at Charlesgate Realty Group, this signature unit went under agreement in only 50 days.
The home features vaulted ceilings and panoramic views in addition to a superb interior layout. Two master suites both have ensuite baths and the spacious and open living and dining rooms are complete with gas fireplace. The gourmet kitchen has espresso cabinetry, granite countertops, and a stainless Bosch appliance package. The home has upgraded hardwoods throughout, custom closets, central HVAC, 2 private decks, laundry, and full 2 car tandem parking.
“This is truly a fantastic condo at The Lancaster.” explains P.T. Vineburgh, Founding Partner of Charlesgate Realty Group. “The development project was extremely well received when we sold all the condominiums two years ago and the homes continue to appreciate in value as the area develops.”
The home originally sold for $806,750 during pre sales pricing in 2015. At that price, the property was $638 per square foot. At the $1,055,000 sales price this week, price per square foot increased by about $200 per square foot – in only two years. Much of this is due to continued growth of demand to live in this emerging neighborhood as new investments and businesses flood into the area.
The Vineburgh | DiMella Team is also currently marketing brand new condominiums at The Aberdeen at 1650 Commonwealth Ave. With 40 condominium residences for sale, this elegantly designed and luxuriously finished building will further the growth of high quality homeownership opportunities in Brighton. They are currently pre selling by appointment only and priced from $600,000.