From the Boston Globe
COMMUNITY SNAPSHOT
Allston

January 9, 2005

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65 Hopedale St., one of the few single-families on the market, is listed at $489,000.


A one-bedroom, one-bath condo at 28 Quint Ave. is listed at $169,000. (Globe photos)

More:
Miles from Boston: 3.5
Population: 21,389
Median house price: $409,000 (single-family); $252,000 (condo)
Tax rate: $10.73
Transportation: Routes 20, 30; Massachusetts Turnpike; MBTA bus and Green Line service
MCAS: Boston public schools ranked 265th out of 373 systems statewide, the same as New Bedford but ahead of Lowell, according to a Globe analysis of 2004 results.
Census facts: Median family income is $36,910, vs. US rate of $50,046; 49 percent hold a bachelor's degree or higher, compared to 24 percent nationwide.
Website: www.cityofboston.gov
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Allston is a Boston neighborhood that college students, homeowners, generations of families, and immigrants from Russia, Ireland, and Latin America all call home.

One of its largest residents is the expanding Harvard University, which has stitched together hundreds of acres in recent years and is now on the verge of formally deciding how it will be developed.

"I think it is very big," Robert Van Meter, executive director of the Allston Brighton Community Development Corporation, said of Harvard's plans to expand its campus and make use of its other holdings in the neighborhood, primarily north of the Massachusetts Turnpike in what is now being called North Allston.

Over the past several years, the university has worked with the Boston Redevelopment Authority to create guidelines for development, which include the goal of maintaining the neighborhood's mix of light industry and housing, including rentals.

"What I think is unique about this plan is that it just doesn't show Harvard off to the side in a gated campus," said the BRA's Jansi D. Chandler, project manager for the North Allston Strategic Planning Framework. "It shows how Harvard can be integrated into the community."

Bill Mancini, a realtor with RE/MAX Destiny in Cambridge who is listing the sole single-family home for sale in the 02134 ZIP code, said he tells potential buyers that the neighborhood's future is good, in part because of Harvard and because of where Allston has always been.

"It's so close to Cambridge, it's so close to the [Charles] River, it's a great commuter location," he said.

Census Bureau reports from the 02134 ZIP code show that 13 percent of the housing is owner-occupied, compared to a national rate of 66 percent. The bureau also found that 35 percent of the residents are immigrants, three times the US rate. Allston is dominated by condos, apartments, and multifamily homes. Students live in many of the units in the neighborhood.

On a recent week on Realtor.com, 19 condos were listed, ranging in price from $169,000 for a one-bedroom, one-bath, 380-square-foot unit to $434,800 for a two-bed, two-bath 1,050-square-foot unit. Just one single-family home was listed, with 1,950 square feet, three bedrooms, and two baths, for $489,000.

JOHN ELLEMENT




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