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On the Block

How Low Will They Go?

Sellers of these three properties have dropped their prices significantly.

By Elizabeth Gehrman
January 11, 2009
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$189,900

1607 Commonwealth Avenue, Unit 6, Brighton

Square footage 556

Condo fee $308

Bedrooms 1

Baths 1 full

2008 taxes $1,944

Last sold for $239,000 in 2005

Pros Once on the market for $234,000, this first-floor unit with tin ceilings and hardwood floors seems larger than it is. The sunny living room, with built-in storage space, has French doors that lead to a cute alcove, also with built-ins. The renovated bathroom has a whirlpool tub, and the kitchen is small but modern, with stainless appliances. The bedroom is a decent size, and there is plenty of closet space. With rents in the area at around $1,500 for a one-bedroom, this could be a great investment. Cons The kitchen lacks prep space. Contact Mirella Georgescu, William Raveis Real Estate, Newton, 617-308-7676, raveis.com.

$206,000

693 Park Avenue, Revere

Square footage 1,154

Lot size 4,000 square feet

Bedrooms 3

Baths 2 full

2008 taxes $2,685

Last sold for $45,000 in 1982

Pros Originally listed at $289,900, this single-family sits at the top of a hill and has soaring views all the way to the Boston skyline. The living and dining room are open, with sliders leading to a deck in the backyard, and the kitchen is large enough to fit a table for four. The family room and full bath in the finished basement have a separate entrance or can be accessed through the kitchen. On the second floor, the three bedrooms share a full bath with extra-large jetted tub and a cathedral ceiling, and the roomy attic could be put to good use. Cons The house needs updating. Contact Anthony Giacalone, Tony's Realty, East Boston, 617-834-4775, tonysrealty.com.

$350,000

61 Jerome Street, Medford

Square footage 2,538

Lot size 3,980 square feet

Bedrooms 6

Baths 3 full

2008 taxes $4,089

Last sold for $499,900 in 2005

Pros In a steadily gentrifying area, this two-family started at $539,000 in June but is currently available as a short sale. It has a newer roof and systems, a three-car carport, and a huge duplex apartment on the second and third floors. The first-floor unit is a two-bedroom with a large kitchen and front room (divided by a nonsupporting wall); the upper unit has one bedroom on its lower story, along with living and dining rooms, kitchen, and back deck, and three bedrooms plus an office on the top story. Cons Needs a serious renovation. Contact Jackie Veri, Century 21 Commonwealth, Somerville, 617-293-3005, commonmoves.com.

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