Photo: Bulking up on Cedar.
A weekly recap of residential properties sold in the past seven days in the “Town of Homes.”
• 222 Prospect St., Brick/frame modified Colonial (1936). Sold: $1,210,000. Listed at $1,100,000. Living area: 2,914 sq.-ft. 9 rooms, 4 bedrooms, 2.5 baths. On the market: 61 days.
• 96 Winter St., Ranch/Cape (1950). Sold: $700,000. Listed at $789,900. Living area: 1,885 sq.-ft. 6 rooms, 3 bedrooms, 2 baths. On the market: 160 days.
• 64 Channing Rd., Second-floor condo (1952). Sold: $450,000. Listed at $459,000. Living area: 952 sq.-ft. 5 rooms, 2 bedrooms, 1 baths. On the market: 68 days.
• 69 Cedar Rd., Renovated Colonl (1920). Sold: $1,880,000. Listed at $2,100,000. Living area: 4,588 sq.-ft. 8 rooms, 5 bedrooms, 5.5 baths. On the market: 109 days.
• 90 Wellesley Rd., Split-level ranch (1963). Sold: $1,400,000. Listed at $1,289,000. Living area: 4,149 sq.-ft. 8 rooms, 5 bedrooms, 5.5 baths. On the market: 74 days.
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One year ago this month, the near-century-old house on Cedar Road just off Goden – midway between the Chenery and the Wellington schools – caught the attention of a friendly developer who bought the structure with an idea of building big.
But rather than knocking the current structure down and constructing some monster truck version of a residential house on the site, the team had another option on hand: an ample backyard. With a lot size of 9,000 sq.-ft. – as opposed to the 7,000 sq.-ft. the developer of 185 Dalton Rd. (that hideous blue whale of a house) was able to use – the developer was able to expand outward into a lawn. In fact, the addition cobbled onto the rear of the original house at 2,500 sq.-ft. is a bit more than your average Belmont colonial.
Let’s look at the tale of the tape:
- 2015: 2,024
- 2016: 4,588
- 2015: 8/4/1.5
- 2016: 11/5/5.5
Assessed value/Final sale price
- 2015: $869,000/$891,000
- 2016: N/A/$1,880,000
The end result, within a year’s time, the sales price for the newly-renovated house doubled.
So you can commend the developer’s effort to use the existing facade/frame to keep the house in the same scale from at least the street as its neighbors while providing wealthy buyers all the unnecessary space and soon-to-be-empty rooms they demand. Unless you have half a dozen kids, why do you need 4,500 sq.-ft?