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1 Boston Place

1 Boston Place, Boston, MA 02108
Property in Downtown Boston
1 Boston Place has been categorized by the local assessors in Boston, MA as a office type of property. The building on the property was first built in 1973 and is 51 years old. However, we must point out that the home was most recently renovated and altered in 2008. The building has a total of 38 stories. In addition, 1 Boston Place has 1,135,140 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 59,106 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with steel control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1 Boston Place sold most recently in Jan 1, 1970 for a total of $257,383,127. Before that, the property was also sold for $423,000,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,264,938 in taxes each year. 1 Boston Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $512,535,700. If we break it down further, the land itself was valued at $113,306,600. Improvements to the property, however, were assessed at a total of $399,229,100. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Construction Type: Steel
  • Floor Count: 38
  • Living Units: 35
  • Business/Commerical Units Count: 649
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 59,106
  • Total Building Area: 0
  • Gross Building Area: 1,165,956
  • Building Area: 1,165,956
  • Building Area Measurement: Garage

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,135,140
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Land Acres: 1.357
  • Standard Land Use Code: Office bldg (general)

Ownership

  • Current Owner : OBS REIT LLC
  • Previous Owner : 1 BEACON STREET LP
  • Owner Before Previous Owner: BUILDING BOSTON LP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Boston School District
  • Census Tract: 030302

Zoning

  • Zoning: C

Geography

  • Parcel: CBOS W:03 P:02720 S:000
  • Municipality: BOSTON-CENTRAL BOSTON
  • Latitude: 42.3585
  • Longitude: -71.0608

    Address

  • Full Address: 1 Beacon St
  • Address - House Number: 1
  • Address - Street Name: Beacon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Boston
  • Carrier Code: C012
  • 4-Digit Zip Code: 3107
  • Zip Code: 02108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,264,938

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,535,700
  • Assessed Land Value: $113,306,600
  • Assessed Improvements Value: $399,229,100

    Sales

  • Current Sale Recording Date: Jul 24, 2014
  • Current Sale Transaction ID: 1184090568
  • Current Sale Price: $257,383,127
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 833442
  • Previous Sale Recording Date: Sep 06, 2006
  • Previous Sale Amount: $423,000,000
  • Previous Sale Document Type: Land Court (Massachusetts)

    Previous Mortgages

  • Previous Mortgage Lender: GOLDMAN SACHS COMMERC
  • Previous Mortgage Transaction Date: Sep 06, 2006
  • Previous Mortgage Loan Amount: $210,000,000
  • Previous Mortgage Loan Type: Commercial

About Downtown Boston



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1 Boston Place located in?
The 1 Boston Place is a located in the neighborhood of Downtown Boston in Downtown Boston, Boston.
What is the average sales price for listings in 1 Boston Place?
The average sales price for units in 1 Boston Place is $0 currently.

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