Condo sale over the bridge in Savin Hill sets record – $1.42m

The house at 186 Grampian Way is part of a hot housing market, with one of the three condos listed lasting just 26 days before it was snapped up by a buyer from the suburbs.
Image via Google Maps

A condo sale has set a record for Dorchester’s hot housing market, with a three-bedroom unit in Savin Hill selling for $1.42 million. It is the highest price paid for a condo in the neighborhood, according to Coldwell Banker Realty.

The property, one of three condos at 186 Grampian Way, is located in a section of Savin Hill east of I-93.

The previous record was set by the sale of a penthouse at 7 Baker Court, near the South Bay shopping plaza. That 3-bedroom, 2.5-bath condo sold for $1.35 million in August 2020.

The Grampian Way unit, listed as No. 1, was posted at $1.45 million in late August and stayed on the market for 26 days. The 2,432-square-foot property previously sold for $1.25 million in 2019.

The second unit within the home sold for $1.08 million in February, while the third one brought $975,000 in 2018. The house was built in 1900 and later converted into condos. The most recent overhaul of the property came in 2018.

Nearby, 160 Grampian Way, a three-bedroom and 2.5-bath single-family home, sold earlier in November for $1.15 million. Around the corner at 90 Grampian Way, a four-bedroom, 2.5-bath single-family built in 1920 is listed at $1.2 million.

Coldwell Banker Realty’s Joe Castro, who lives nearby on Jones Hill, brokered the sale of the 186 Grampian Way No. 1 condo, with the total coming to $586 per square foot. The unit, which also comes with two and a half baths, has a homeowners association fee of $368.

The buyer is an empty nester who sold her single-family home in Winchester, a town eight miles north of Boston, after her two children graduated from college, according to Castro. The seller is listed as a family trust, according to public records.

Castro said he received several offers for the condo unit at the same price that it sold for. “Clearly, there was demand,” he said.

Buyers coming from the suburb is a trend he has seen as the pandemic is appearing to ease. Empty nesters are coming to the city, looking for urban centers, a reversal from urban dwellers who looked to the suburbs during Covid-19. “I’ve had multiple people reach out” about similar properties, Castro said.

The home is roughly a six-minute walk to the Savin Hill station on the MBTA’s Red Line, as well as restaurants and the Daily, a local market across the street from the public transit stop.

The property underwent a gut renovation and the developer worked with Louis Ashman, a Roslindale-based design consultant. The unit has coffered ceilings, 8-foot high doorways and high-end finishes, as well as a spa-like bathroom.

The listing notes that the “streets are lined with mature trees, parks, architecturally significant homes, tennis courts, a marina, beach, and a whole lot more.” The home also comes with radiant heated tile, a gas fireplace, and a wet bar. The kitchen has quartz countertops and Thermador appliances. A finished basement space, a private fenced patio, and parking are also part of the package.

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