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Mandarin-Oriental Spread Goes for Six Figures Over Asking

That one of the condos in downtown Boston's Mandarin-Oriental should go for a pile of money should surprise no one. Nor should it stun somebody that a Boston condo in general would go for a lot more than what its seller wanted. What should surprise, however, is just how much over its asking price Unit W9B traded for a few days ago. The 2-BR, 2.5-BA, 2,494-square-foot spread with two garaged parking spots hit the market the day before Valentines Day for $4,995,000. It ended up selling for $5,500,000. That's a full $505,000 above the asking price. And! We hasten to add that that over-ask appears to be wholly genuine. That is, we doubt the broker was following the new Hub trend, first reported by our David Bates, of low-balling the original tag just to spur a bidding war and a resulting higher closing price. This is the Mandarin, after all.
· Gobsmackingly Terraced Mandarin Spread Gets $8M-Plus [Curbed Boston]
· Extreme Over-Asks in the Hub: Where They Happen the Most [Curbed Boston]
· Are Hub Sellers Asking Less to Get More? A New Era Dawns [Curbed Boston]
· Our Big Deals archive [Curbed Boston]