Brighton at Bay Colony Past Sales
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Historical Sales in Brighton at Bay Colony
The Most Notable Sales
As of September 28, 2023, the most notable sale in Brighton at Bay Colony occurred in February 2012 when 8231 Bay Colony Drive #PH 2201 sold for $7,600,000 during a private negotiation. No details regarding the condition of the condo were shared publicly. The buyer did not require a mortgage contingency and may have paid cash to purchase the property.
Brighton's most notable standard condo sale occurred in December 2021 when 8231 Bay Colony Drive #204 sold unfurnished for $5,500,000 or $125,000 more than the full list price after six days on the market. Most prospective buyers would have considered this condo professionally remodeled with appealing finishes. The kitchen was redesigned for a more open concept, and a Tesla charging system came with the package. The buyer purchased the property with the help of a John R. Wood Properties agent, did not require a mortgage contingency, and may have paid cash to close on the property.
Breaking The Record
Breaking the record in Brighton would potentially take a recent renovation targeting the interest of most Brighton buyer prospects. A larger stack unit on a higher floor or a condo with exceptional updates and a high-end furniture package may also be required. This offering would likely need to occur during favorable market conditions similar to what was experienced throughout Bay Colony during the 2021-2022 peak seller's market.
The Best Deal In Brighton at Bay Colony
The lowest-priced sale in Brighton occurred in April 1999 when unit #202 sold unfurnished for only $900,000. This condo took 156 days to sell and was paid for with cash. A year later, 8231 Bay Colony Drive #202 was placed back on the market with furniture, this time for $2,195,000, reduced to $2,095,000, increased to $2,195,000, reduced five more times, and finally sold in May 2012 for $1,600,000. The owner paid cash.
Brighton has an interesting sales history in that there is definitely more sales traffic during favorable market conditions. Still, there has always been at least one sale per year except for the first three years after the building was completed. Cash buyers far outweigh those seeking financing. Roughly 80% of the owners in Brighton paid cash. Only one unit in Brighton was marketed as foreclosed, and no open market listings have ever been marketed as a potential short sale.
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