Audubon Park Auction Fenway Night October 14th, 5-7PM
October 13, 2010
The Audubon Park condo Auction is just days away on October 19th, 2010. Join me tomorrow evening from 5 to 7 PM to view units prior to the auction. All 25 units will be open for viewing.
FHA financing is available on these units which means if you qualify, you will be eligible to put just 3.5% down to obtain financing. 
Please contact me directly if you are interested at abrahamsc@raveis.com. I will require that you register with me at the property as your registered agent. Click here for more specific information about the auction.
October 19th, 2010 – Audubon Park Condo Auction in the Fenway Neighborhood
September 24, 2010
The Audubon Park Condominium Development announced today that it was going to put twenty-five condominium units up for auction in just a few short weeks on October 19, 2010. This building borders both the Fenway and Kenmore Square neighborhoods.
Minimum bidding for studio units will start at $195,000. Minimum bidding for one-bedroom units will start at $225,000. Minimum bidding for tw0-bedroom units will range from $285,000 to $325,000. Please note that garage parking spots are being sold separately for $60,000 – $70,000 depending on the level.
41 units at Audubon Park were bought in April by an affiliate of the Davis Cos. at foreclosure. David Cos. has decided to auction off 25 of these units to re-establish pricing for the remaining 16 units that will be available after the auction.
Units available include two studios, five one-bedroom units and eighteen two-bedroom condominiums.
Since 2008 unit sales in this building have average $620/Sq.ft. so you can see by the pricing chart below that opening bids should really keep things moving. There are some deals to be had here.
Open House touring of the properties are available from September 23rd through October 18th. The auction will take place on October 19th, 2010 at the Colonnade Hotel in Boston.
Bidders should arrive at check in by 6:00 p.m. The auction begins at 7:00 p.m. and should last approximately 1 1/2 hours. All approved bidders will need to bring a $10,000 certified check as well as a blank personal check. If a registered bidder has been prequalified for FHA financing, said registered bidder will be required to bring a $5,000 Cash Equivalent and must bring a blank personal check.
Word of advice. Have representation on auction day. It’s no charge to you. The seller will pay the commission fee. If you are interested in learning more about this auction please contact me at abrahamsc@raveis.com or on my cell at 617-686-1318.
Boston University gets approval for $50M, six-story student center for BU
September 22, 2010
Well, Boston University’s real estate development team is at it again. Their next project just approved by the Boston Redevelopment Authority plans for a $50 million, 99,600 square foot East Campus Student Service Center to be built near the Allston-Fenway/Kenmore neighborhood line at 100-108 Bay State Road near the Deerfield Street interesection.
Construction on the new building is slated to begin in the second quarter of 2011 and will create 150 new construction jobs.
The building will have six stories and include a state-of-the-art, 900-seat dining facility in the basement as well as on the fist and second floors. Floors three through six will house an undergraduate academic and career advising center.
In addition, the lower level is scheduled to get a 25-seat coffee shop and a 150-seat multi-purpose room.
The approval of this project means one less parking lot in the city (not necessarily a bad thing), as well as a small two-story building according to the plans
The project, which received the nod from the BRA Tuesday night, will replace an existing parking lot and a small two-story building at 108 Bay State Road, according to the plans published on the Redevelopment Authority’s website.
I can be reached at www.charlieabrahams.com with any additional questions or if you would like to view any Boston real estate.
Please let me know your thoughts in the comments section below.
