The house at 118 Eutaw Street in East Boston’s Eagle Hill has not traded in nearly 27 years, and has only been on the market twice during that time. It arrives a third time now amid an East Boston that—before the novel coronavirus pandemic—was one of the busiest in the Boston region in terms of construction and development.
The 1,243-square-foot house is likely to join that trend (again, after the pandemic passes). It’s on the market now through Century 21 Mario Real Estate as a fixer-upper with lots of potential given its location. The three-bedroom, one-bathroom with a patio is asking $479,900, or $386 a square foot.
That is a very competitive price for Boston in terms of single-families. The latest Greater Boston Association of Realtors statistics for the city (albeit from January) put the median detached single-family sales price at $655,000. That may be coming way down due to the pandemic’s effects. Or it may not be. Stay tuned.