Sold In Belmont: Mansions (And A Simple Ranch) Required Millions To Buy

Photo: A. 

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

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• 52 Grant Ave., Unit 2, Townhouse (2007). Sold: $800,000. Listed at $730,000. Living area: 1,955 sq.-ft. 5 rooms, 3 bedrooms, 2 full, 2 half baths. On the market: 100 days.

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• 635 Concord Ave., Colonial-ish (2005). Sold: $1,958,000. Listed at $2,100,000. Living area: 5,205 sq.-ft. 10 rooms, 4 bedrooms, 4.5 baths. On the market: 96 days.

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• 38 Audubon Ln., I have no idea (2012). Sold: $2,980,000. Listed at $3,150,000. Living area: 5,112 sq.-ft. 10 rooms, 5 bedrooms, 6.5 baths. On the market: 96 days.

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• 28 Brettwood Rd., Ranch (1953). Sold: $1,012,000. Listed at $1,295,000. Living area: 2,686 sq.-ft. 10 rooms, 4 bedrooms, 2.5 baths. On the market: 89 days.

You remember the lyrics of the 70’s television show, “The Jeffersons.” 

“Well we’re movin’ on up,
To the east side.
To a deluxe apartment in the sky.

And that’s what one Belmont couple is doing, swinging the sale of their house for one that’s on the better side of the town.

First, they had to sell the first house … for nearly $3 million.

Gah!

One thing you can say about the house at 38 Audubon Ln. (it’s a cul du sac off Concord Avenue at Mill Street) is the work of the five-year-old house is outstanding, or what the town assessing department calls “superlative” with the rare grade of A++. That should not come to a surprise since the builder/owner, John Eurdolian, is a master contractor. Just think if you were a sub on the job and had a client who knows how to hang a door better than you?

Eurdolian bought a bit of land on Audubon for $700,000 in 2010 then spent nearly $745,000 to construct the building he just sold, re-cooping his cost two-fold.

While there is no way to describe the eclectic exterior design – modern jumbled? – it’s new and big, and that’s what some rich people demand, especially those buyers who come from overseas. So it took less than 100 days to sell and at nearly half-a-million dollars over its assessed value. 

Now, the Eurdolian’s won’t be living in the Hotel Tria in Fresh Pond‎ waiting to move into their new house. In fact, they’ll be movin’ on up Belmont Hill on, oh so proper, Marsh Street. 

And similar to his former house, Eurdolian built a grand new house on Marsh, buying a fading old Colonial in 2014 that had suffered water damage. He put down $900,000 for the house, then quickly knocked it down and spent $854,000 to make a grand statement – 7,429 sq.-ft., 14 rooms, 5 beds, 5 full and 2 half baths – on a street with plenty of those. Its value today? $2,129,000. And how much do you think this would sell for? Plenty. 

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