The 1850 Lofts located at 90 Wareham St in Boston’s South End are now set to be auctioned off on June 28th.  Units originally ranged from around $350,000 to close to $800,000.  Starting bids for the lofts at the 1850 are going to be ranging from $175,000 to $395,000, almost half of the last asking prices!

25 of the 60 units have sold over the past year with the remaining 35 going to the auction block.  Bidders will be required to bring a $5000 cashiers check to the auction and will be signing a P+S on the spot.  All units must close on August 14th or you must pay a 1% extension fee.

Financing is available for the 1850 Lofts and you will actually get a $750 closing credit if you use the developer’s preferred lender and title company.

The 1850 Lofts feature:

-Brick and Beam Construction

-Central A/C

-Laundry Hookups

-Elevator

-Dedicated Parking Available

-Large Windows

As always, Warren Residential Group agents are on your side as buyers and can represent you and your interests.  For buyer’s representation/consulting before and during the 1850 Lofts auction, please contact a Warren Residential Group agents at sales@warrenre.com or 617-848-9616 ext. 1.

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