Hammond Residential Reports Highest Priced Sales of 3rd Quarter, 2012

Posted by Mark Lippolt — October 26, 2012

1351275226CHESTNUT HILL, MA (October 17, 2012) – Saul B. Cohen, President of Hammond Residential Real Estate, has announced the firm’s highest priced sales for the third quarter of 2012. The firm’s highest priced single-family house sale for the quarter was at 113 Heath Street, Brookline for $4,375,000. Mona Wiener, a senior sales associate in Hammond’s Chestnut Hill office represented the seller in the transaction.

1351275296Custom built in 2011, 113 Heath Street is prominently set in Chestnut Hill on a lot of over 40,000 square feet with mature trees and manicured grounds. The interior is equally impressive with nearly 5,800 square feet of living space with six bedrooms, six bathrooms, two lavatories, and three fireplaces. Outstanding design, materials, and finish work are displayed throughout the residence. A grand two-story foyer leads to an impressive state-of-the-art kitchen and a family room with a fireplace and a wall of French doors which opens to a patio overlooking the landscaped yard. The master bedroom is enhanced with a fireplace, walk-in closet, a deck, and a designer bathroom. Amenities of the property include a three-car garage, an irrigation system, and SMART-house technology.

Hammond’s seller client of 113 Heath Street was developer Koby Kempel of Pegasus Management, Inc. Interestingly, Kempel was also the seller client of Hammond’s highest-priced single-family sale during the second quarter: 345 Buckminster Road, Brookline which sold for $4,200,000. Mona Wiener represented Koby Kempel in this transaction, too.

1351275330345 Buckminster Road is on Brookline’s Fisher Hill and was built in 1913. With thirteen rooms and seven full and one-half bathroom, the Georgian Revival-style residence underwent an outstanding renovation and offers over 7,500 square feet of living space. Attention to period details as well as state-of-the-art materials and finishes distinguish this property. The first floor has elegant entertaining spaces with floor-to-ceiling windows, and a living room with French doors opening to a loggia. Additional features include a 32’ x 17’ designer kitchen with French doors opening to a deck overlooking the manicured grounds; a master bedroom suite with a fireplace, marble-appointed bathroom, and deck. The above-ground lower level has a fireplace, game room, and separate au pair suite. The property’s great appeal was evident in the fact that it sold for full asking price a few days after being offered for sale.

Mona Wiener of Hammond said, “It’s always a pleasure to list one of Koby Kempel’s houses. Whether it’s new construction, like Heath Street, or a substantial renovation, like Buckminster, he replicates the wonderful detail one would expect to find in the truly great early twentieth century houses of the Boston area. He combines detail with only high end finishes and creates floor plans that are ideal for today’s living.”

Kempel has received numerous awards for his preservation and design work. He won the Brookline Preservation Award in 2011 for a meticulous restoration of a Turn-of-the-Century Colonial Revival home on Naples Road in Brookline. In 2010, the Cambridge (MA) Historical Commission’s Preservation Recognition Program honored his restoration of Second Empire Mansard Victorian built in 1884.

1351275362The firm’s highest priced condominium sale for the quarter was 776 Boylston Street, Unit E11E at the Mandarin Oriental, located in the prestigious Back Bay neighborhood of Boston for $2,550,000. Joelle Maguire, a senior sales associate in Hammond’s South End office, represented the seller in the transaction.

The condominium unit, adjacent to the landmark Prudential Center, is situated on the eleventh floor and features a combination living/dining room, vaulted ceilings, floor-to-ceiling windows, and a gas fireplace. The kitchen is enhanced with custom cabinetry, granite countertops and stainless steel appliances. There are two luxurious bedrooms, two en suite bathrooms with imported marble, and a powder room. The unit was offered with a private storage space and an assigned garage parking space.

“Mona and Joelle have established themselves as being among the most astute and hard-working professionals in our industry,” said Saul B. Cohen, Hammond’s Founder and President. “Seller clients in particular find their advice and knowledge of the real estate market indispensable.” Cohen added, “It is interesting to note that the three buyers of these outstanding properties are all engaged in finance or employed in the financial services sector. Boston’s money management firms, hedge funds, and venture capital partnerships continue to provide a pool of potential buyers for some of the area’s finest estate residences.”

Hammond Residential is headquartered in Chestnut Hill, and has three Boston locations and thirteen suburban branch offices. The company reports over one billion dollars in sales volume annually, and is well-known as the publisher of the region’s finest magazines featuring local properties for sale. In 2011, Hammond ranked nationally as one of the top 100 real estate companies based on productivity per agent and overall sales volume. Hammond was also recognized in 2012 by The Boston Globe as a “top place to work” company. Hammond is an independently owned and operated franchise company within the Real Living Real Estate franchise network. The Chestnut Hill and Boston offices are also the exclusive Regents representatives of the Luxury Real Estate network.

To learn more, please visit www.hammondre.com.

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