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Big Reveal: the Starter Condo On the Charlestown Waterfront

And, now, the answer to last week's asking-price guessing game!

Where: 42 8th Street, #5202
Price: $389,900
The Skinny: Wowza! We said this might be a toughie, and we were right. The vast majority of you (more than 60 percent) thought this 1-BR, 1-BA condo on the Charlestown waterfront was asking more than $450,000 (27.5 percent even thought it was just shy of $500K). Only 18.8 percent voted for the correct asking price, which is not even $7,500 more than what the 684-square-foot pad traded for in 2005! (One of you did suggest that what was holding appreciation back were high condo fees and a 2 percent transfer tax levied by the Boston Redevelopment Authority, which owns the land the building's on.) Kudos to those who guessed correctly and better luck next time to the rest of ya.
· Listing: 42 8th Street, #5202 [Zillow]
· Our PriceSpotter archive [Curbed Boston]