Sold in Belmont: Easy as Ones, Twos and a Three

Photo: A split-level ranch in the Winn Brook neighborhood sold for nearly 12 percent of its original list price.

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

9-11 Sabina Way. Two-family (1923). Sold: $880,000. Listed at $825,000. Living area: 2,520 sq.-ft. 12 rooms, 6 bedrooms, 3 baths. On the market: 63 days.

218-220 Blanchard Rd. Multi-family (1952). Sold: $900,000. Listed at $849,000. Living area: 2,520 sq.-ft. 12 rooms, 6 bedrooms, 3.5 baths. On the market: 42 days.

63 Country Club Ln. New construction (2014). Sold: $2,050,000. Listed at $2,475,000. Living area: 4,824 sq.-ft. 12 rooms, 4 bedrooms, 4.5 baths. On the market: 225 days.

14-16 Vincent Ave. Multi-family (1910). Sold: $860,000. Listed at $895,000. Living area: 3,090 sq.-ft. 15 rooms, 6 bedrooms, 3 baths. On the market: 70 days.

65 Marlboro St. Three-family (1900). Sold: $875,000. Listed at $849,000. Living area: 3,216 sq.-ft. 14 rooms, 5 bedrooms, 3 baths. On the market: 42 days. 

199 Beech St., #2. Walk-up condominium (1924). Sold: $391,000. Listed at $429,000. Living area: 868 sq.-ft. 4 rooms, 2 bedrooms, 1 baths. On the market: 106 days.

115 Lexington St. Colonial (1925). Sold: $625,000. Listed at $699,000. Living area: 1,682 sq.-ft. 7 rooms, 4 bedrooms, 1.5 baths. On the market: 139 days.

55 Sherman St. Split-level ranch (1955). Sold: $907,000. Listed at $799,000. Living area: 1,840 sq.-ft. 8 rooms, 3 bedrooms, 2.5 baths. On the market: 139 days.

306 Orchard St., #2. Condominium (1900). Sold: $455,000. Listed at $435,000. Living area: 1,525 sq.-ft. 6 rooms, 2 bedrooms, 2 baths. On the market: 70 days.

I think it comes as a surprise to many people when they discover that Belmont’s housing stock is far from being a homogeneous collection of Colonials and brick mansions. 

Unlike outlying surburban locations such as Wilmington where 93 percent of the housing stock is the typical single-family house, just under half (45 percent) of Belmont’s 9,600 residential structures are detached homes, with an almost equal number being multifamilies.

This past week, more than half of the sales in the “Town of Homes” were multifamilies including one three-unit building or a condo in a two or greater unit building. It appears the market for multis is healthy as all but one of the buildings sold for more than its list price. 

On the single-family side of the week, the owners of the split-level on Sherman Street stuck to their guns (leaving their house on the market for nearly four months) and saw a nice bump of nearly 12 percent from their list price. Twenty years ago, the term split-level was a deal breaker for many buyers as the style was considered old-fashion and the structures cheaply constructed. Not now.

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Comments

  1. b Lowengard says

    The price of ALL homes in Belmont is obscene. I rent, I was hoping to buy here- certainly two middle class incomes would be enough to buy a small home in Boston Suburbs. I guess not- So Realtors and current homeowners…gloat away at these investment opportunities because they aren’t homes anymore -they are little piles of greed – frankly, I’m disgusted.. Thanks Mitt.

  2. Gail says

    Oh, you mean that split-level ranch sold for 12% OVER its original list price, not 12% OF (or OFF) the list price. The latter would be pretty shocking.

  3. Suzanne French says

    Good for Belmont homeowners. Belmont ‘s location has always made this a desirable community! Keep your properties updated and maintained and if and when you want to sell you will get too dollar!!! Location location location!

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