chelsea ma real estate for sale

Balcony with bistro table and chairs overlooking the neighborhood at 60 Dudley Street in Chelsea, Massachusetts

Archived: 60 Dudley Street # 328 for sale. Corner penthouse Spencer loft with a balcony and 2 parking spaces by Jeffrey Bowen

Spencer Lofts, 60 Dudley Street Unit 328, Chelsea — a 1-bed, 1-bath loft condo (1,091 sq ft). Sold for $245,000 on August 31, 2011 (MLS #71249807).

Invest to attain wealth

Be smart. Don’t buy a property to spend your money. Invest in real estate to make money.

Jeff Bowen's December 2010 essay argues for buying for resale value, not spending: its worked example buys at $100,000 with 3% down and sells at $140,000 two years later, and it names Chelsea and East Boston as emerging markets beside South Boston.