Historic Boston Condo Sold for $2.25M in Jamaica Plain

H Paul acquires a 2,212 sq ft condo at 234 Causeway Street in Boston for $2.25M.

By skyrealm.ai on May 12, 2023
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Historic Boston Condo Sold for $2.25M in Jamaica Plain

In a significant real estate transaction, H Paul has acquired a historic condominium in Boston’s Jamaica Plain neighborhood. The 2,212 square-foot unit, located at 234 Causeway Street, was sold for a total purchase price of 2,250,000, equating to 1,017 per square foot. The deal, finalized on May 11, marks a successful transfer of ownership from Christopher Kelly and Kristina Kelly to H Paul.

The condominium, built in 1899, holds immense historical significance in the area. Its architectural charm and rich heritage make it a coveted property in the Boston real estate market. Situated in the heart of Jamaica Plain, the condo offers a prime location with easy access to various amenities, including restaurants, shops, and parks.

The buyer of this prestigious property is Alex Krupp, a prominent real estate investor known for his strategic acquisitions in the Boston area. Krupp’s interest in the historic condo showcases his appreciation for unique properties with a strong potential for value appreciation. This purchase further solidifies his presence in the local real estate market.

On the selling side, Sarah E Ryan and Jeffrey D Hollar, the previous owners of the condo, have successfully closed the deal with H Paul. Ryan and Hollar, who have a keen eye for historic properties, recognized the value of their investment and decided to capitalize on the strong demand for such assets in the market.

The transaction was facilitated by a team of experienced brokers who played a crucial role in ensuring a smooth and successful deal. Their expertise in the Boston real estate market and their understanding of the unique characteristics of the property were instrumental in bringing together the buyer and seller.

The sale of this historic Boston condo highlights the continued strength and attractiveness of the local real estate market. The high price per square foot, at $1,017, demonstrates the premium placed on properties with historical significance and prime locations. The transaction also reflects the confidence of investors like Alex Krupp in the long-term value and potential of Boston’s real estate market.

As the market continues to evolve, it will be interesting to see how this acquisition contributes to the overall growth and development of the Jamaica Plain neighborhood. With its rich history and vibrant community, Jamaica Plain remains a sought-after location for both residents and investors alike. The sale of this historic condo sets a benchmark for future transactions in the area and reinforces the allure of owning a piece of Boston’s architectural heritage.