What’s the Market Reports of CRP condos?
A look at the five-year historical data shown on this page clearly indicates that the future indeed looks bright for condo values at CRP. Over the past five years, values for all unit types increased year-to-year. The only exception in the five-year period was in 2006 when two-bedroom units experienced a slight decline in value. Contributing factors were the emergence of competing communities offering condo conversions fitting the same price range as CRP two bedrooms: In 2005/6, Regatta Riverview in East Cambridge, 1/4 mile away, and Parris Landing in Charlestown put approximately 300 two bedroom condos on the market. These units were completely absorbed in 15 months. Now, when in 2006 CRP two bedrooms were slow to sell, all that were then on the market have sold.

CRP is a niche community. It has distinct reasons for being and among those reasons is that it serves the medical and financial communities as well as those discerning people who love living in the city but want the sense of living in a park. There is no property other than CRP where residents can live affordably within five minutes of either industry as well as avail themselves of the closely accessible beautiful parklands. These facts, coupled with the limited number of CRP condos which change hands every year, combine to support an increased demand for a limited supply. Niche properties historically benefit most in strong markets and suffer least in declining markets.

Additionally, construction of new rental buildings is breathing new life into CRP and into the entire West End. With new residential construction comes new infrastructure and several new consumer oriented establishments have already been planned and permitted. It is the beginning of a new era in Boston’s West End.

At the end of the day, high demand, low supply, close proximity to work a 'big bang for the per-square-foot buck,' along with numerous lifestyle amenities will continue to lift out Charles River Park values for the foreseeable future.

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Is buying in CRP a good investment?

A review of the MARKET REPORTS article on this site provides evidence of sustained price appreciation over the past five years and projects continued price over the foreseeable future. Anytime there is high demand, low supply and desirability of locale, prices rise. This is the case at CRP. If you are a resident owner, you want to buy into a property that has staying power over the long term and CRP has proved it has staying power.

Another example that CRP condos make very good investments is the fact that in the Hawthorne Place Association, almost 67% are owner occupied. This means 33% are owned by investors. In the Whittier Place Association, the percentage of owner occupants is 76% and 24% are owned by investors.

Even garage parking spaces at CRP are good investments. Purchasing a space for the average selling price of $50,000 yields about a 5% annual Return On Investment. ($50,000 acquisition cost. Rent $300 per month less $90 monthly garage fee = net monthly income of $210 x 12 months = $2750 per year = 5.5% ROI). Not bad and no landlord calls at 3:00 in the morning with a plumbing problem!

Also noteworthy is that CRP maintenance is available 24 x 7 providing absentee investor/owners with onsite resolution of unit issues. Additionally, we offer absentee landlords rental and property management services.

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For Sale . Richard’s listings outside of Charles River Park

	Hawthorne Place Garage parking space #662	$50,000
	Covered garage parking space in Hawthorne Place
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	8 Whittier Place 22A- 1 BR, 1 BA	$389,000	942 sq ft
	Marvelous views from your open balcony in this beautiful turn-key 22nd floor home.
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	126 Jersey Street #201 - 1 BR, 1 BA	$495,000	690 sq ft
	Attention hospital staff! This property is just minutes away from the Longwood Medical area.
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	9 Hawthorne Place 9G- Studio, 1 BA	$315,000	637 sq ft
	Centrally located on 48 beautifully landscaped acres Charles River Park is virtually a self contained community.
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	126 Jersey Street #101 - Studio, 1 BA	$295,000	325 sq ft
	Attention medical staff! This property is just minutes from the Longwood Medical area.
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	2 Hawthorne Place 14F- Studio, 1 BA	$315,000	637 sq ft
	Incredible opportunity to own a completely renovated large studio with an open balcony at a terrific price in full service building.
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	2 Hawthorne Place 6C- 1 BR, 1 BA	$349,000	826 sq ft
	Spacious & bright front facing 1 BR with enclosed balcony .
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	126 Jersey Street #301 - 1 BR, 1 BA	$515,000	688 sq ft
	Attention hospital staff! This brand new 1 BR, 1 BA is just minutes away from the Longwood Medical area!
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	9 Hawthorne Place 7C- 1 BR, 1 BA	$349,000	826 sq ft
	A Super Value! Spacious & Sunny West Facing 1 bedroom.
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	6 Whittier Place 9F- Studio, 1 BA	$299,000	635 sq ft
	Well-appointed, spacious, sun-drenched studio with fantastic views of Boston.
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	6 Whittier Place 7B - Studio, 1 BA	$312,000	630 sq ft
	Wonderful Beacon Hill alternative, this 630 square foot stunning, rarely available, west facing studio with panoramic views of the Charles River.
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	6 Whittier Place 15P - Studio, 1 BA	$329,000	636 sq ft
	Gorgeous sunsets and views of Charles River from this renovated studio.
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	8 Whittier Place 16E- 2 BR, 2 BA	$549,000	1209 sq ft
	One of the finest renovations in this corner two bed/two bath home on the 16th floor at Charles River Park!
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	6 Whittier Place 3C - 1 BR, 1 BA	$397,000	832 sq ft
	Outstanding renovations in this gorgeous 1 Bed.
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	8 Whittier Place 6H- 3 BR, 2 BA	$779,000	1515 sq ft
	Spacious & sunny apartment w/ gleaming hardwood flrs make this apartment bordering Beacon Hill in the heart of Boston a rare find!
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	6 Whittier Place 8J - 1 BR, 1 BA	$359,000	879 sq ft
	A superb value! 6 Whittier Place is a large east facing one bedroom with city skyline views, bright morning sun.
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	6 Whittier Place 5E - 2 BR, 2 BA	$469,000	1268 sq ft
	Spacious 2 bed, 2 full bath condo home.
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	2 Hawthorne Place 8G Studio, 1 BR	$310,000	637 sq ft
	Incredible opportunity to own a completely renovated large studio with an open balcony at a terrific price in full service building.
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	9 Hawthorne Place 9K- Studio, 1 BA	$310,000	637 sq ft
	Incredible opportunity to own a completely renovated large studio with an enclosed balcony at a terrific price in full service building.
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	8 Whittier Place 4K - 2 BR, 2 BA	$489,000	1216 sq ft
	Huge, sunny 2 bed, 2 full bath condo home with fabulous sunset views.
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	9 Hawthorne Place 10B/C - 2 BR, 2 BA	$699,000	1464 sq ft
	Rare chance to own renovated and combined condos creating a gorgeous and extraordinarily spacious 2 bedroom 2 full bath home.
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	10 Museum Way #1627- 1 BR, 1 BA (Regatta Riverview)	$459,000	663 sq ft
	Upgraded spacious one bedroom with balcony and valet parking at the Regatta.
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	Whittier Garage parking space #147	$48,000
	Underground garage parking space
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	Whittier Place Garage parking space #216	$47,000
	Underground garage parking space.
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