1480 Commonwealth Ave, Unit 15 B, Boston

Status: FOR SALE

Offered at: $392,000

Welcome to this light and bright penthouse condo just two blocks to the Warren Street green line T stop to downtown Boston. Excellent location just minutes to Boston University, Boston College, and Harvard Business School. This top-floor 1-bed/1-bath unit features hardwood floors, galley style kitchen with gas stove, fridge and dishwasher. Spacious living room flows into a large, private balcony with pool views. Prime opportunity for both 1st time owner occupants and pure investors looking for a turn-key solution with solid returns.

Total Bedrooms: 1 • Total Bathrooms: 1 •Total Rooms: 3 • Sq Ft: 600 (all above grade) • Property Tax: $4,236 (2025) • Parking: On street with permit • Building: Built in 1910

Association Fee: $613.92 / month (Includes heat, hot water, water, sewer, master insurance, security, swimming pool, laundry facilities, elevator, exterior maintenance, landscaping and snow removal)

Recent Updates: New heating system summer/fall 2021 and new rubber roofs 2012

Special Assessment: A special assessment of $43,407.06 was paid by the seller. This fee covers all of the below (status updates in bold)

The current project consists of:

  • 100% cut and point the masonry façade - completed

  • Capping all windows without security bars - completed

  • Repair and paint all façade stonework - completed

  • Spot point and paint the rear courtyard - completed

  • Replace slate roofs, new copper gutters, and add snow guards - completed

  • Capping all first floor and ground level windows with security bars - in process

  • Masonry repairs to all first floor and ground level windows with security bars - in process

  • Re-install newly painted security bars to all first floor and ground level windows - in process

Upcoming phases of the current project (also paid for in full as part of the special assessment):

  • Install release mechanism for security bars to bedroom windows

  • Cap and perform masonry repairs to the bedroom windows with security bars

  • Masonry repairs to all exterior stairway entrances

  • Replace/add ground level access grids to the bedroom windows

  • Install four new landscape trellis along 4 Commonwealth Court

  • Railing repairs as needed around the property

  • Rebuild 1480-1486 Commonwealth Avenue Retaining Wall - waiting on pricing.  (If approved funds would come from the existing $3M Loan)

  • Masonry repairs to areas in the courtyard walkway where needed - waiting on pricing. (If approved funds would come from the existing $3M Loan)

As of this writing there are no future capital repairs planned

SOURCE: All of the above is directly from the management company, Cyrus Holding Corporation.