505 Tremont 402-03 spacious master bedroom suite

The elegance and beauty of 505 Tremont St, #402-03 is a sight to behold. The luxury Boston condo located in the premier Atelier 505 building features 3 bedrooms, a media-room/library, 3 ½ bathrooms, and a terrace with an epic city view. The luxury condo also has a huge living room that leads out to the terrace, and an expansive kitchen with a long breakfast bar, including state-of-the-art appliances from Gaggenau, Miele and SubZero. The luxury condo has a walk-in pantry great for storing all your kitchen necessities and it has a laundry room. The master suite is massive with a brilliant view of Back Bay. Included in the master suite is a private terrace, sybaritic spa bath, and walk-in closet. The luxury home also has two amazing guest bedrooms, central stereo and surround sound system great for entertainment and entertaining. And for those who like to stay mobile, 3 car garage parking.

The Boston luxury condo has it all! If you are interested in living at 505 Tremont Street, please Contact Rene Rodriguez at 617-896-5006 today! Our expert and knowledgeable real estate agents would be glad to help you.

The luxurious living area with beautiful city view at 505 Alterier 402-03

Rachel Slade’s off-kilter take on Hub dwellings.

By Rachel Slade

Pahk the Cah – For $350K
Life just keeps getting tougher for Back Bay die-hards, as ex-suburbanites pour into the city with their pedigreed dogs and black BMW’s. So when circling the block for three hours after a hard day’s work loses its charm, it’s time to invest in some asphalt. But with only a handful of parking spots listed on the MLS, the Back Bay’s alleys are precious property, indeed. Case in point: Though a two-vehicle tandem space between Commonwealth Avenue and Newbury Street is exposed to all the elements – snow (BYO shovel), inebriated students – it costs about $1,000 a square foot, making it some of the priciest pavement in the world. Get a Zipcar account, you say?
That’s part of the problem–the car-sharing powerhouse has already gobbled up 107 spots around the neighborhood. Where’s teleportation when you need it?
Address: 132 Commonwealth Avenue, #5/6 Listing Price: $350,000, Listing Agent: Shelagh Brennan, Cabot and Company, 617-896-5002, cabotandcompany.com, Stats: One big, expensive slab of pavement in the Back Bay.

January 2012

Congratulations, you have been hired! According to a recent article on Forbes.com, Boston tied for 13th of cities to be hiring this year. Overall, there is an 11% net hiring expectancy in the U.S.

What does this mean to you as a new hire and possible relocater to Boston? Consider that rental prices in Boston are already high and availability extremely low. This is before this job growth news!

5 Tips from Cabot and Company Real Estate

1. Find a reputable real estate agency. Our agents at Cabot and Company in Boston’s Back Bay are experienced professionals. Visit www.cabotandcompany.com or call 617-262-6200.

2. Begin your search as early as possible. As soon as you get the employment green light, preferably 60-90 days in advance, reach out and start your search.

3. Identify the key neighborhoods you will live in. Keep transportation and proximity to work in mind.

4. Make some transportation decisions. Boston has a great public transit system. The city has recently added many bicycle lanes. Boston is a walking city and there are many very accessible short term car rental options.

5. Organize paperwork and funds in advance of finding an apartment so you can act quickly when you see a good option. Once again, the seasoned agents at Cabot and Company real estate can assist you in your search.

Congratulations!

For the first time since the economic downturn began in 2008, the monthly national average for commercial real estate prices showed year-over-year improvement. According to the report, in October 2011, prices increased 2.2% from the same period a year ago. The average transaction size (+29.4%) and overall transaction volume (+23%) are both showing positive improvement.

Another positive sign for the commercial real estate market is that the ratio of distressed sales continues to decline. In March 2011, 35.4% of all repeat sales were distressed sales. In October, that number shrank to 25.2% nationally.

As we head into the new year, this positive trend should continue. Interest rates are at record lows, which is presenting great opportunities for businesses to buy their retail and office spaces rather than continue to rent. Commercial real estate is also a popular investment vehicle amidst the recent uncertainty in the stock market.

Call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com to learn more about commercial real estate opportunities in and around Boston.

The economy is tough these days. Maybe it’s time to start thinking about owning, instead of renting.

Despite the current state of the economy, Boston is experiencing record high rents.  The Boston Globe recently reported that apartment vacancy in the Back Bay and Beacon Hill is down to 1.2 percent.  According to that same report, the median price for rent in Boston hit $1,665 a month, and a two-bedroom apartment in the Back Bay is averaging $2,658 a month.  From our perspective, those numbers even seem to be understated (we have not seen many two-bedroom apartments in that price range this year).

We are frequently asked why rents are so high and availability is so low.  Based on our observations and the reports we’ve seen, there are a few main reasons.  First, many would-be first-time homebuyers are not buying.  They are continuing to rent due to concerns that home prices are still on the decline, there is uncertainty in the economy, etc.  Second, though while not as prevalent in Boston as other areas, foreclosures have thrust former homeowners into renting.  Finally, the population seems to be growing.

What does this all mean?  Well, it’s a good time to be a landlord, for one.  And if you’re not one now, it’s a great time to explore investment opportunities in residential property in Boston.  It also means that it’s time to start thinking about owning, instead of renting.

If you are interested in discussing Boston real estate investment opportunities, call Eric Shabshelowitz at 617-896-5010 or email him at eric@cabotandcompany.com.

If you are currently renting but want to explore the possibility of buying, call Josh Medeiros at 617-896-5005 or email him at josh@cabotandcompany.com.

Be wary of one-company towns: Johnson warns that any town that’s dependent on a single industry or company is in jeopardy of market turmoil. He cites his firsthand account of the 1960’s downturn of the Seattle market as an example. Towards the end of the decade, aerospace company Boeing laid off nearly 60,000 employees, sending the market into a downward spiral. Johnson stresses the importance of widening your real estate search criteria to include the area’s economic status economy.

Avoid getting greedy. Johnson blames human greed for the weakened state of the economy and claims that people get too caught up in the attractiveness of a bargain. He advises people to accurately and honestly assess their financial standings and to remove their blinders when it comes to deals that seem too good to be true. Doing this, he states, will decrease any dependency on the bank.

Timing is everything. Johnson says that the current market serves as a good time for first time home owners to buy, stating that “A buyers market doesn’t come along that often … you just can hardly help but make money on whatever you buy today at the prices they are.” Enlisting the help of an experienced Boston buyer agent can help you make the most of this transaction.

If you don’t have to sell, hang on. Confident that the economic struggle is nearing an end, Johnson believes it is in the best interest of homeowners to keep their current home. He predicts things will look up within the next year or two.

If you are currently looking for a piece of Boston real estate, browse our online selection of Boston apartments, and Boston homes.

I have until the end of August to get ready.  You can help me out by calling me at 617-894-2138 and telling me that you want a penthouse apartment in a building without an elevator.  I’ll be happy to take you up to see as many as you like because I need all the training I can get.

Eric Shabshelowitz
Cabot & Company
213 Newbury Street
Boston, MA 02116
Cell:  617-894-2138
Fax:  617-536-8410
Email:  eric@cabotandcompany.com

www.cabotandcompany.com

This is an accurate article about current market trends, and it offers excellent advice to Buyers, Sellers and Investors. The following excerpt is a concise summary of the main points Ms. Simon discusses:

New Market Approaches

As the real-estate market cools and the number of homes for sale climbs, buyers and sellers need to adjust  their strategies.

For sale through Cabot and Company are the following:

Gorgeous city views from a two bedroom, two bathroom, with garage parking. Also includes a granite kitchen, hardwood floors, w/d
Four Seasons Place  #1204      Exclusive    $1,175,000

Seldom available: one bedroom ideally situated on the15th floor with great light and views. Also includes garage parking.
Four Seasons Place  # 1514     Exclusive     $   899,000
Look for the article in this Saturday’s edition of Boston Homes with the latest Four Seasons news and much more pictures.

Make sure to visit our website.

First-time homebuyers are under pressure to have signed contracts in effect no later than April 30, 2010, and to close no later that June 30, 2010 to qualify for a substantial 10% of the purchase price up to an $8,000 credit! Current homeowners can be eligible for a benefit of up to $6,500.

Less than a week to get your paperwork going, which means you need a Cabot and Company sales specialist to help you put a deal together quickly and efficiently.

Call 617-262-6200 and ask for any sales expert below to take advantage of this huge savings.  Why pay rent?

Rene Rodriguez
Shelagh Brennan
Joseph Palermino
Paula Luccio
Josh Medeiros
Carol Korbman
Natalija Pavlovic
Edythe Dyer