Closing in on A Million: Real Estate Prices Continue to Climb to New Highs

Months after a loft on Marion Street set a new sales record for East Boston another luxury Eagle Hill listing is on the market for close to $1 million.

The Civil War-era brick home at 39 Princeton St is listed for $939,000–well over the Zillow estimate of $485,000.

The home, being marketed by realtor Paul Campano of Keller Williams who sold the Marion Street loft for $1.345 million, is being hailed as a rare architectural gem to Eastie’s market.

Known as the ‘Whidden House’, built by Stephen Huse Whidden, the home according to the listing offers its new owner much of the original detail and character from 1864.

The Second Empire style brick home features over 3,100 sq. ft., 5 beds, and 3 full baths. The living room’s 11 foot ceilings, original woodwork and pocket doors are juxtaposed to the well thought out kitchen that had been modernized with everything a modern chef could desire.

“A serene park like setting awaits in the rear yard,” reads the listing. “For those who like to be on top of things, the roof deck offers a getaway in the sky with views of the city. Original pine floors, 5 marble fireplaces and gilded mirrors are just some of the touches that have kept this home off the market for almost 40 years.”

If the owner fetches the asking price it would mean two homes on Eagle Hill have sold for an average price of $1.142 million in the past six months.

Not too shabby says Campano.

The property at 64 Marion St., a 19th century firehouse that was converted into two loft condos in 2005, went on the market for $1.49 million and then sold for $1.345 million a few weeks later.

When 64 Marion went on the market in October, Campano called the loft an “unusual property in a good way.”  Campano said there was not much around Eastie that is top of the line high end like this property.

That unique loft occupies the upper two levels of the gut renovated brick firehouse. The three bedroom, 2 and half bathroom has 3,643 sq. ft. of living space and a 1,000 sq.ft. private roof deck with city views.

Campano said when people in Eastie start seeing high end development like this the prices in Eastie will start to reflect the work that was put into making it a unique living space.

With Portside at Pier One coming online as high end rental units on the waterfront the neighborhood will most likely see more development that are game changers for the neighborhood.  While no one wanted to be the first to pay $500,000 for a condo or $4,000 a month for rent but that seems to be the current trend in Eastie and buyers and renters are becoming more comfortable placing roots in the neighborhood.

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