Sold in Belmont: For One Week, ‘Affordability’ the Buzzword

134 Mill St. Colonial (1926), Sold for: $480,000.

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

• 2-4 Exeter St. Victorian two-family (1897), Sold for: $746,000. Listed at $750,000. Living area: 2,900 sq.-ft. 13 rooms; 6 bedrooms, 3 baths. On the market: 70 days.

• 4 Ripley Rd. Condominum (1890), Sold for: $610,000. Listed at $575,000. Living area: 2,358 sq.-ft. 8 rooms; 5 bedrooms, 1.5 baths. On the market: 53 days.

• 35-37 Harvard Rd. Two-family (1928), Sold for: $847,500. Listed at $849,900. Living area: 2,574 sq.-ft. 12 rooms; 6 bedrooms, 2 baths. On the market: 112 days.

• 178 Waverley St. Side-entrance Colonial (1920), Sold for: $751,000. Listed at $699,000. Living area: 2,076 sq.-ft. 8 rooms; 4 bedrooms, 2 baths. On the market: 50 days.

• 134 Mill St. Colonial (1926), Sold for: $480,000. Listed at $499,900. Living area: 1,248 sq.-ft. 6 rooms; 3 bedrooms, 1 baths. On the market: 64 days.

• 7 Harvard Rd. Condominum (1920), Sold for: $435,000. Listed at $430,000. Living area: 1,293 sq.-ft. 7 rooms; 3 bedrooms, 1 baths. On the market: 58 days.

• 59 Edgemoor Rd. English-style Colonial (1935), Sold for: $1,060,000. Listed at $975,000. Living area: 2,372 sq.-ft. 9 rooms; 3 bedrooms, 2.5 baths. On the market: 49 days.

Nothing best describes a mature housing stock than when the “youngest” home sold in the past week is a mere 79 years old. That home, the “English-style” Colonial (what the salesperson should have said is that it has Tudor characteristics; the English-style actually goes back to the 1700s) on Edgemoor is the outlier this week, selling for seven figures as most of the residential properties sold for less than the medium home value in Belmont which last year was around $777,000.

The most interesting sale was the one on Mill Street in which the Colonial sold for under $500,000. Yet on closer look, the price discount is due to the location of the house: feet from a busy roadway and on the “wrong” side of the byway, adjacent to the McLean property and away from the Kendall Gardens neighborhood. In addition, the living area at 1,250 square-feet, was less than the condominiums sold this week. 

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