Boston Real Estate

Just Closed! Boston meets NYC

 

JUST CLOSED! 277 Fifth Ave Unit 30D | $3,100,000

As part of a transaction with our NYC referral partner Sotheby's International Real Estate's Daniel Chang, our own Jamie Lee has helped her buyers find their dream home at the luxury residences at 277 Fifth Ave  - located in the very heart of NoMad at the crossroads of Manhattan's East & West Sides.

 

  • Residence 30D is a 1,373 SF south and west facing two bedroom with corner exposures.

  • Views of the stunning architecture and the New York City skyline surround you in this sought after 55 story, 129 unit tower soaring above Fifth Avenue. 

  • Designed by internationally acclaimed architect Rafael Vinoly

  • Luxuriously appointed interiors by Jeffrey Beers International

  • Interiors are graced with ceiling heights reaching over ten feet, in addition to a selection of warm woods and elegant natural stones.

  • The open kitchen is a palette of pale-oak cabinets with Calacatta Saccheli polished marble slab center islands, countertops, and backsplash which gives the kitchens a luminous glow.

  • The master suite featuries a full height San Nicola marble walls and heated Bianco Dolomiti marble flooring

  • A light-filled suite of amenities spans two floors and offers residents carefully curated spaces for relaxation, socializing, and recreation with a lobby library, entertainment suite featuring a bar and private dining room and fitness club opening onto the furnished Fifth Avenue Terrace.

 

 

Thank you to DANIEL CHANG  - Head of Asia at the Field Team for his amazing work and professionalism partnering with JAMIE in our Boston-based office. Congrats to their clients!

 

 

Listing Broker/Photo Cred:

Corcoran Group

Michele Hinojos 

Buyer Broker:

Daniel Chang

Sotheby's International Real Estate 

East Side Manhattan Brokerage

650 Madison Avenue

New York, NY 10022

 

 

 

 

 

 

 

 

If you are a buyer looking to purchase nationally or internationally we can assist you

via our referral network!  Contact us HERE

 

Reasons to Buy in Boston | The Residential Tax Exemption

 

 

It’s the most wonderful time of year! Tax season is in full swing. While you’re busy filing and figuring things out, here’s something to consider:

  • If you own and occupy a property as a primary resident in the City of Boston you may qualify for a residential tax exemption that could result in significant savings.
  • For FY 2021: the residential exemption saves qualified Boston homeowners $3,153.02 on their tax bill.
  • A residential exemption reduces your tax bill by excluding a portion of the value of the property from taxation.
  • How’s it calculated? The residential exemption is the dollar value that is exempt from taxation. For example: if the residential exemption value were $100,000, a home with an assessed value of $300,000 would be taxed on just $200,000 of value. This exemption value, when multiplied by the current residential tax rate, represents the dollar savings amount of the exemption.
  • Last December, the City of Boston set the FY 2021 residential tax rate at $10.67 per thousand in assessed value.

Boston Back Bay in Spring

 

For Example...

A buyer purchases a condo in Back Bay which will be her primary residence.

The City of Boston assessing department values the condo at $600,000. 

The tax bill is calculated as follows:

$10.67  tax rate per thousand

x 600                                          

$6,402  total tax bill 

Deduct the residential exemption of $3,153.02 and the effective annual tax bill will be only $3,248.98 

 

 

 

 

  • For current homeowners your 3rd quarter tax bill will show 2021 assessments, tax rates and residential exemptions.
  • Your primary residence is the address from which you file your state income tax return.
  • If you think you might may qualify for a residential exemption, please be aware that the application must be filed with the assessing department by April 1 2021.
  • Check out the additional requirements here

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Broad Street Boutique Realty is a real estate firm located in Boston, Massachusetts. We represent clients in the sale, purchase or lease of properties in Massachusetts and New Hampshire. Visit us at www.broadboutique.com