In late 2006, the Utile designed and Niskanen developed Trolley House had its 24 units swept off the market, with them never to be seen available again. With pricing in between $400,000 and $600,000, the Trolley House condos offered the square footage and amenities to draw residents outside of downtown to what is quickly becoming one of the chic places to call home.
Sounds good, but can you buy into this development at any time in the near future? Well, a unit (Trolley House Unit 5 Details) has recently become available, a 1,331 square foot unit being offered at $549,000. This particular unit was purchased almost one year ago to the day for $480,500. Based on current offering price, the owner is looking for approximately a 14% appreciation on the property, perhaps a bit steep given the respectable single-digit appreciation values that downtown markets have been seeing over the past year.
But it’s worth a look for yourself, there is an open house on this particular unit later today, Sunday, July 29, 2007 from 1-3pm at the Trolley House (335 West Second Street in South Boston). If you do attend, tell the showing agent that Boston Condo Guy sent you, and drop a comment here on this post to let everyone know your thoughts on the unit and the development. If you would like to make an offer on the unit, please contact us for Buyer Agent representation.
Keith Munsell 
