Photo: 67 Fairmont St.
A weekly recap of residential properties sold in the past seven-plus days in the “Town of Homes.”
• 85 Lawrence Lane. Center-entrance Colonial (1937). Sold: $795,000. Listed at $799,000. Living area: 1,764 sq.-ft. 8 rooms, 3 bedrooms, 2.5 baths. On the market: 105 days.
• 37 Wilson Ave. #3. Condominium (2000). Sold: $480,000. Listed at $430,000. Living area: 1,123 sq.-ft. 6 rooms, 3 bedrooms, 1 full, 1 partial baths. On the market: 57 days.
• 33 Horace Rd. Brick Colonial (1923). Sold: $990,000. Listed at $935,000. Living area: 1,883 sq.-ft. 8 rooms, 4 bedrooms, 2.5 baths. On the market: 71 days.
• 67 Fairmont St. Center-entrance Colonial (1937). Sold: $1,300,000. Listed at $1,250,000. Living area: 2,274 sq.-ft. 8 rooms, 4 bedrooms, 2.5 baths. On the market: 78 days.
While there is some thought that home priced in seven figures will sooner than later find themselves sitting in the barber’s chair ready for their haircut, some are located in the right place at the right time to take advantage of their appeal.
67 Fairmont St. is one such residential property. Located on one of the side streets between Common and Goden streets, it’s a good-size Colonial – nearly 2,300 square feet – with four bedrooms. Situated midway between the business hubs of Belmont Center and Cushing Square, its location is perfect for a young-ish family with schools on their mind. The Wellington is down a block, the Chenery four streets to the south and the High School close enough so the kids can’t bug the parents to let them drive to 221 Concord Ave. While the front is facing north, the backyard is sunny with a chance to do some serious gardening.
A quarter century, during the real estate bust in these parts, the house sold for $60,000. Twenty years ago, the town valued it at $405,000. Since then, a new kitchen and roof were put into the Colonial. This year, the town said the house was worth $942,000. So think of the buyer paying a $350,000 premium for a 78-year-old house. Wow.