The dozen units in the South End's Royal at 407-409 Shawmut Avenue started officially dropping in late 2014. 'Twasn't long before deals started closing. In fact, the developers had inked agreements a full year before for a majority of the luxury condos, while they were still carving them out of an old Salvation Army headquarters and an adjoining brownstone. One of those agreements was for Unit 10, a 3-BR, 2.5-BA, 2,157-square-foot spread that closed in December 2014 for $1,995,000. It's already back on the market through broker Craig Anne Lake as the Royal's first flip. And it's already found a buyer. Related: To Flip or Not to Flip? Curbed U's Guide for the Hot Hub Market [Curbed Boston]
Unit 10, which comes with direct-elevator access and a garaged parking space, came "very, very close" to its fresh asking price of $2,500,000 following multiple offers, according to a source with knowledge of the pending deal. That would mean it commanded around $500K more than it did not even two years ago when it went under agreement. The South End, circa 2015, ladies and gentlemen. Stay tuned for the closing.
· Your First Look Inside the South End's Newly Redone Royal [Curbed Boston]
· Taking the Sales Temperature of the Hub's New Condo Towers [Curbed Boston]
· Boston's First Big Close of 2015 Is at the South End's Royal [Curbed Boston]
· Behold, the Six-Room South End Spread That Took Days to Sell [Curbed Boston]