Sold in Belmont: Colonial Takes a Tumble, Ranch By The Rails A Steal

Photo: Watch out below! Horace Road house listing falls.

4 Goden St., Multifamily (1915). Sold: $886,000.

219 Channing Rd., Brick-front Ranch (1959). Sold: $640,000

42 Horace Rd., Colonial (1917). Sold: $815,000.

A recap of residential properties sold in the past seven-plus days in the “Town of Homes”:

• 4 Goden St., Multifamily (1915). Sold: $886,000. Listed at $895,000. Living area: 2,715 sq.-ft. 12 rooms, 5 bedrooms, 2 baths. On the market: 114 days.

• 219 Channing Rd., Brick-front Ranch (1959). Sold: $640,000. Listed at $675,000. Living area: 1,432 sq.-ft. 6 rooms, 3 bedrooms, 2 baths. On the market: 94 days.

• 42 Horace Rd., Colonial (1917). Sold: $815,000. Listed at $945,000. Living area: 1,938 sq.-ft. 9 rooms, 4 bedrooms, 2.5 baths. On the market: 148 days.

The Colonial on Horace Road would appear to be priced at nearly $950,000 to squeeze ever penny out of the 99-year-old house. And why not, with “average” homes in the Winn Brook neighborhood and close to the High School on the south side of Concord Avenue selling for just north of $1 million, here was an attempt by the buyer to reap the benefits of a hot market. With an ample number of bedrooms, close to the Wellington, Chenery and High School, and with some lovely interior features – wooden floors, a corner china cabinet and double French doors – this structure looked like a sure deal for the seller.

But for this modest home near to Common Street, the market for “average” was cooling. Rather than riding the fall sales period ever higher, this house took a tumble, falling nearly $150,000 in value from the opening list price to final sale:

Aug. 21, 2015: $945,000 (Original list)
Oct. 7: $899,000
Nov. 5: $875,000
Jan. 8, 2016: $815,000

Not so the brick ranch on Channing, which some lucky person got for a song. OK, it borders the commuter rail tracks but what the buyer is getting is a well-maintained, cosy house with a landscaped backyard. And just think what it will be once the new community path is constructed adjacent to the property line (wink, wink).