Sold in Belmont: A Modern Day ‘Tara’ in Ol’ Belmont

Photo: 1 Sumner Lane.

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

1 Sumner Lane, It’s a mansion (2014). Sold: $3,200,000. Listed at $3,400,000. Living area: 6,440 sq.-ft. 14 rooms, 6 bedrooms, 5.5 baths. On the market: 246 days.

47 Moraine St., Contemporary condominium (1998). Sold: $685,000. Listed at $614,000. Living area: 1,963 sq.-ft. 8 rooms, 3 bedrooms, 3.5 bath. On the market: 50 days.

15 Marlboro St. #2, Second-floor condominium (1906). Sold: $485,000. Listed at $449,900. Living area: 1,054 sq.-ft. 6 rooms, 2 bedrooms, 1 baths. On the market: 46 days.

• 15 Marlboro St. #3, First-floor condominium (1906). Sold: $439,000. Listed at $429,900. Living area: 1,001 sq.-ft. 5 rooms, 2 bedrooms, 1 baths. On the market: 46 days.

 124 Brighton St., Garrison Colonial (1940). Sold: $742,000. Listed at $699,000. Living area: 1,632 sq.-ft. 6 rooms, 3 bedrooms, 1.5 baths. On the market: 52 days.

• 35 Gilbert Rd. #2, Condominium (1925). Sold: $635,000. Listed at $599,000. Living area: 1,907 sq.-ft. 8 rooms, 3 bedrooms, 2 bath. On the market: 67 days.

• 41 Clairemont Rd., Brick English Tudor-style (1942). Sold: $1,550,000. Listed at $1,599,000. Living area: 3,512 sq.-ft. 8 rooms, 4 bedrooms, 2-full, 2 partial baths. On the market: 92 days.

• 73 Lincoln St., Colonial (1928). Sold: $850,000. Listed at $899,000. Living area:1,900 sq.-ft. 8 rooms, 3 bedrooms, 1.5 baths. On the market: 85 days.

The new mansion built on the recently laid out Sumner Lane (so new that it’s not on any maps) was likely inspired by the manse where Mr. Burns of “The Simpsons” reside. Can’t you see the new owner of this 6,000-foot HOUSE stepping out onto the portico proclaiming, “Release the hounds” onto any misguided residents who ventures onto to street to see this “big boy.”  

The roadway was initially going to be called “Strawberry Lane” but that name was dropped for this site off Concord Avenue and that’s a good thing. I think they wanted a connection with John Lennon but that would have been Strawberry Fields. 

I will give the developer and architect this: they found the proper place to put an oversized residential  building in Belmont, on 3/4 of an acre out in the edge of the woods. Its size actually gets absorbed into the landscape.

Not that the actual building has any architectural connection to New England, and the developer actually plays up on that fact. 

“The rolling lawns and graceful old trees will give you a feeling of the old south,” proclaimed the promotional material.

How ironic that they situation a new antebellum “Tara” on a street named after the Abolitionist senator from Massachusetts! How delicious! 

But wait, there’s more: 

“This stately brick front home will remind you of being in Colonial Williamsburg offering incredible views of conservation land and peeks of the Boston skyline. Imagine sitting on your front porch admiring the incredible Copper Beech tree that dates back to the Revolutionary War.”

What? Now its like the Lee Mansion in Virginia? 

Why didn’t the developer just say, we’re taking a standard design from successful big houses we built around Atlanta here in Belmont. When you’re paying $3 million plus, historical context be damn. 

Sold in Belmont: Seven Homes Taken Off the Market

Photo: 16 Troy Road.

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

91 Channing Rd., Cape-style Colonial (1942). Sold: $639,900. Listed at $649,900. Living area: 1,212 sq.-ft. 6 rooms, 2 bedrooms, 1.5 baths. On the market: 76 days.

249 School St., Colonial with Dutch gable elements (1929). Sold: $1,381,000. Listed at $1,250,000. Living area: 3,044 sq.-ft. 12 rooms, 5 bedrooms, 4.5 bath. On the market: 61 days.

33 Gilbert Rd. #1, First-floor condominium (1925). Sold: $490,000. Listed at $449,000. Living area: 1,065 sq.-ft. 5 rooms, 2 bedrooms, 1 baths. On the market: 62 days.

• 16 Troy Rd., Cape (1950). Sold: $651,000. Listed at $649,900. Living area: 1,306 sq.-ft. 5 rooms, 3 bedrooms, 1 bath. On the market: 74 days.

• 100 Clairemont Rd., Extended Colonial (1930). Sold: $1,225,000. Listed at $1,250,000. Living area: 3,281 sq.-ft. 11 rooms, 5 bedrooms, 4 baths. On the market: 120 days.

• 10 Holt St., Townhouse condominium (2004). Sold: $850,000. Listed at $799,000. Living area: 2,550 sq.-ft. 9 rooms, 4 bedrooms, 2.5 bath. On the market: 57 days.

• 46 Lewis Rd. #2, Walk-up condominium (1924). Sold: $470,000. Listed at $425,000. Living area: 1,182 sq.-ft. 7 rooms, 3 bedrooms, 1 baths. On the market: 50 days.

How does any firm get someone other than their top line executives to move to Boston?

Let’s says mid-level manager Jolene Hightech is moving the family from Huntsville, Alabama (where the percentage of high tech workers in the labor market is second only to Silicon Valley) for a job in Cambridge and decides Belmont is perfect to relocated to because the fabulous schools and a quick commute to work.

In a gated community in the Alabama tech town, they were residing in their less-than-a-decade old 4,000 sq.-ft., four bed, four bath Federalist-style abode on Thayer Street. The amenities are numerous; a formal living, dining room and library – known as “the great room” – with hardwood floors opens to a big kitchen with access to the back patio. Upstairs is the master bedroom suite with a “Glamour Bath.” Homeowners can enjoy outdoor living in the covered front porch after parking their three cars into the garage. Across the street are two parks, a main clubhouse (it is a gated community) with an Olympic-sized pool, “and the neighbors who are all most kind, considerate, and friendly.” It is the South, y’all. 

The price tag in ‘bama: $650,000. 

So Jolene comes to one of the many friendly Belmont salespeople and says, “What can I see in the $650,000 price range?

$650K will get you this in Huntsville, 'Bama.

$650K will get you this in Huntsville, ‘Bama.

and this in Belmont, Mass.

and this in Belmont, Mass.

How about a 65-year-old post war framed Cape – with original wallpaper – in which the entire house could fit into the Huntsville’s “great room?” The bad news; there is only one bath room for the entire household. The good news, it’s inside. There is a chance that Jolene could carve out a study on the first floor but that would require sacrificing a bedroom that was cubby cornered next to the living room. And while there isn’t a pool nearby, the commuter rail is a dependable wake up alarm as it rumbles by at 5 a.m. 

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Kitchen on Troy Road, Belmont, and …

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… kitchen in Huntsville.

Seriously, how do salespeople in Belmont convince transplants what they are obtaining is anything close to what they are leaving? That’s a mystery to me.

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The “great room” in Huntsville.

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The study/bedroom in Belmont.

 

What needs to be done is convince developers to build mid-priced housing in the suburbs so inventory in this much needed sector can grow. But all the news in Boston and eastern Massachusetts is that luxury, high-end developments – such as the new multistory towers in downtown Boston and the Fenway and around the transportation hubs in nearby communities – are the only thing anyone wants to build, a segment of the market that has adequate supply.

And now you know why high tech jobs are migrating to North Carolina, the northwest coast of Florida and Alabama. 

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Outdoor living in Huntsville, (you can see the Olympic-sized pool and two parks from here.)

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And in Belmont.

 

Sold in Belmont: A Belmont Hill Colonial With A View

Photo: 68 Richmond Rd. 

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

• 68 Richmond Rd. Brick and frame Garrison Colonial (1937). Sold: $1,157,500. Listed at $1,179,000. Living area: 3,180 sq.-ft. 9 rooms, 4 bedrooms, 4.5 baths. On the market: 55 days.

Real estate is really about location. Not to say that the Garrison Colonial on Richmond wouldn’t have sold for a million plus dollars. In fact, this Depression-era building has a lot going for it – with the exception of the center-island stovetop  – from the period detail, new features (beautiful fireplace), the size (3,000 + square feet with a built-out basement), a traditional floor-plan and the wonderful wall painting that greets visitors. 

But it was likely begin on the sunny side of Belmont Hill and having a view of Boston from the third-floor suite (as you gaze out of, what, that roof outcrop is not a dormer or a widow’s walk. Go figure) in addition to the great lack of supply out there which resulted in this house selling for a quarter-of-a-million dollars greater than the town’s assessment. Not a bad investment since the last time the house was sold 11 years ago for $690,000.

Sold in Belmont: A Well-Designed Kitchen/Eating Area Sells This 95-Year-Old House

Photo: Where the kitchen is located.

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

• 41 Pequossette Rd. Center-entry Colonial (1922). Sold: $984,900. Listed at $950,000. Living area: 2,028 sq.-ft. 8 rooms, 3 bedrooms, 3.5 baths. On the market: 67 days.

• 52 Alexander Ave. “The White House” Modern colonial, new construction (2014). Sold: $1,885,000. Listed: $2 million. Living area: 3,500 sq.-ft. 9 rooms, 5 bedrooms, 4 full baths. On the market: 208 days.

51 Davis Rd. Ranch (1953). Sold: $499,900. Listed at $550,000. Living area: 1,137 sq.-ft. 6 rooms, 3 bedrooms, 2 baths. On the market: 80 days.

• 215 Brighton St. “Old Style” brick house (1929). Sold: $725,000. Listed at $689,000. Living area: 1,504 sq.-ft. 6 rooms, 3 bedrooms, 2 baths. On the market: 70 days.

Four unique homes sold in Belmont last week, with something special in each.

• Do you want to see how to renovate a kitchen? 41 Pequossette Rd. is the place; smart design from sectioning off a place for the preparation with glass kitchen cabinets with drawers and storage, a cooking area, a flush inset refrigerator, a correctly-sized (i.e. small) eating island with the dining area set into a quirkily designed addition that was built with three large windows and a glass door to the porch. Add a minimum number of lighting fixtures and a splash of design features (tiles), you have a kitchen that makes for efficient cooking and enjoyable dining. It certainly brings a modern “pop” to the nearly century old house in the Benton Estates. 

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• The “White House” at 52 Alexander Ave. has it all: modern construction that is special in so many ways with its clean lines and European design sensibilities. In addition, its location has become a big plus, less than a block from the new location of Foodies and the Belmont Farmers Market. If the new owner is a foodie, you’ve struck gold.

• The simple ranch at Davis Road was purchased for just under $500,000 which has brought entry in the the community with an inexpensive residential property. 

• Since the past owner bought the house at 215 Brighton St. for $578,000 early in 2013, they spent $12,000 on the roof, $21,000 to put in a patio and repair the outside stairs and did a good job on the kitchen (love the large floor tiles). They sold it for nearly $150,000 above the past sale price in two years; that’s an annual appreciation rate of $75,000. Not bad. 

Sold in Belmont: Reasonable Sales Prices on Three Below Medium Priced Homes

Photo: 37 Bartlett Ave.

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

20 Winter St. Brick Ranch (1961). Sold: $650,000. Listed at $649,000. Living area: 1,248 sq.-ft. 6 rooms, 3 bedrooms, 2.5 baths. On the market: 75 days.

37 Bartlett Ave. Framed Colonial (1905). Sold: $540,000. Listed at $579,000. Living area: 1,334 sq.-ft. 6 rooms, 2 bedrooms, 2.5 baths. On the market: 208 days.

• 103 Shaw Rd. Custom-crafted Ranch (1955). Sold: $815,000. Listed at $809,900. Living area: 1,562 sq.-ft. 7 rooms, 3 bedrooms, 1-full, 2-half baths. On the market: 71 days. 

Three reasonably priced homes, all below Belmont’s median house value of $850,000, sold this week.

For two, the ranch on Winter and the old Colonial on Bartlett, the final sales price was less than 10 percent from the town’s assessed value: The Ranch sold for $650,000 with an assessed value of $592,000 (about nine percent) and the Colonial bought for $540,000 with a town valuation of $494,000 (right at eight-and-a-half percent).

The outlier this week was the custom ranch on Shaw Road in the Shaw Estate’s neighborhood, which has seen house prices bumped up by a smattering of “McMansions.” The final sales price was $815,000, exactly 20 percent greater than its valuation of $652,000.

While hardly a representation of the entire residential market, could this be a harbinger of a more reasonable sales season where values closely relate to true valuations or is that the impact of the snowiest winter ever with buyers staying on the sidelines?

Come back in July for the answer.

Sold in Belmont: An Overpriced Cape Required Owner to Take a Haircut

Photo: A nice Cape in Winn Brook, but is it worth $789,000?

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

208 Grove St. Center-entry Colonial (1940). Sold: $782,000. Listed at $729,000. Living area: 1,750 sq.-ft. 8 rooms, 3 bedrooms, 1.5 baths. On the market: 125 days.

• 76 Hoitt Rd. Cape (1951). Sold: $700,000. Listed at $789,000. Living area: 1,659 sq.-ft. 6 rooms, 4 bedrooms, 1.5 baths. On the market: 129 days.

• 100 Lexington St., Condominium (1977). Sold: $230,050. Listed at $219,900. Living area: 756 sq.-ft. 3 rooms, 1 bedrooms, 1 baths. On the market: 37 days.

Is there an unwritten rule in Belmont that says home sellers and salespeople are required to suspend all reality when pricing real estate?

For example, a simple, clean, classic Cape on Hoitt Road, a block from the Winn Brook. A past owner made a terrible mistake by knocking down a wall to supposedly create an open floor plan – sorry, but it looks like a VFW function hall with that pillar in the middle of the room – but all-in-all, an OK place.

So what were they thinking originally listing it at $789,000? Really? Did the salesperson take a good look at the 80s kitchen, the 70s bathrooms and the 50s upstairs bedrooms? You are asking someone to pay out nearly $3,500 a month in mortgage payments (5 percent down, 4 percent mortgage) for 30 years (!) to live in a house with less than 1,700 square feet? That comes out to $450-per-square foot. That’s nuts. The town assessed the house for $632,000 last year.

That price was so out there one has to believe the seller is thinking they are living in Belmont, California where the medium house price is greater than a $1 million.

And once again, the broker/seller had to swallow hard and admit a mistake was done after potential buyers too a step back when they heard what it would cost them. And they swallowed $89,000 to a far more reasonable $700,000.

Why not price all homes at $1 million and see where it goes.

On the Market: A Classy Colonial, A Heavenly Backyard, It’s Standing

Photo: 208 Grove St. 

A sample of Belmont homes “on the market” ranging from the affordable, the average and the quite expensive.

21 Garfield Rd. Colonial (1937). 2,506 sq.-ft. of livable space: 8 rooms, 4 bedrooms, 2.5 baths. Two-car garage. A quarter-acre lot. Price: $1,195,000.

What’s special: Colonial + dead-end street + Belmont Hill = $1 million-plus. This house is a statement of restrained good taste; the interior molding is period perfect, wonderful light oak floors, high sill windows, a new (but smallish) kitchen with cabinets matching the floor’s coloring, a porch off the living room and understated rooms upstairs (but what’s with that half-bath with the stand-alone shower? A bit too narrow to work) that includes an attic office space. Only glaring issue: why did they scare the roof by jamming in a pair of skylights? They’re an eyesore and skylights never work they way you hope. A bit pricey at nearly $1.2 million for 2,500 square feet, but it works. 

The first sentence of the sales pitch“This classic, hip-roof Colonial, with 4 bedrooms and 2.5 bathrooms, is ideally located at the end of a cul-de-sac on Belmont Hill.”

208 Grove St. Center-entry Colonial (1940). 1,750 sq.-ft. of livable space: 8 rooms, 3 bedrooms, 1.5 baths. One-car garage, attached. A .16-acre lot. Price: $729,000.

What’s special: The backyard. It’s fantastic; a patio for eating and sitting, a great grass yard and a perennial garden on the edges. Great for kids and adults who want family time outside. The house has a finished basement (that could use a refinishing), nice details – a solid mantel over the fireplace – a renovated kitchen and a full-year porch. While it does face a busy roadway, an owner/family is just a walk from Grove Street Playground. Hopefully, the new owners will remove that silly stone paneling on the right side of the front door. No one’s saying, “My, what intricate stone work!” They glance at it and think, “What are they hiding?” 

The first sentence of the sales pitch“Pristine, ‘move-in-ready’ center-entrance colonial, in desirable Burbank School area. 8 Rooms, 3 bedrooms and 1 full and 1 half bath comprise the 1,750 sq.-ft. living space.”

51 Davis Rd. Ranch (1953). 1,137 sq.-ft. of livable space: 6 rooms, 3 bedrooms, 2 baths. No garage. A tenth-of-an-acre lot. Price: $550,000.

What’s special: Your entry point into Belmont. This is a classic post-war house, built fast to accommodate the demand for single-family homes in the 1950s. Not much to look at but no one is buying this as anything but their jumping-off point to something better. Not a charmer (the town assessor’s gave it a quality rating of “C”) but this ranch does have a finished basement, it’s close to businesses and the bus to Harvard. Bet it’s sold sooner than you’d think. It appears sturdy enough to stand a few more years before a contractor demolishes it to throw up a new, bland and boring two-family on the site. 

The entire sales pitch: “A chance to make this home your own, this wonderful 3 bedroom, 2 bath corner lot home offers a great location. Close to schools, public transportation, and other amenities.”

Sold in Belmont: The Single Ugliest Residence in Belmont Sold, Which is a Good Thing

Photo: The ugliest residential building in Belmont. 

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

 92-94 Baker St. Concrete multi-family (1971) Sold: $744,000. Listed at $699,000. Living area: 2,688 sq.-ft. 12 rooms, 6 bedrooms, 2 full, 2 half baths. On the market: 42 days.

There is only one addition that could improve the esthetics of the multifamily sitting near the corner of Hittinger and Baker streets, and it comes at the end of a timing fuse.

The Baker Street two-family apartment building is Belmont’s ugliest residence. It’s a concrete block of nothingness that, unfortunately, plays into the area’s industrial vibe.

Certainly residents will say the equally deplorable condo tower in Cushing Square (built around the same time), the apartment blocks on Lexington Street or some of the Hill’s new upscale “McMansions” – we’ll get to them soon enough – are equally as awful. And I am not just speaking from a Belmont perspective: this eyesore would be inappropriate in any community, be it Belmont, Lexington, Somerville, Malden or Dorchester.

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The building is so unappealing the salesperson could not find a single photograph for the sales portfolio that didn’t create an impression that the structure was anything than a wing of a prison complex. I guess the best photo is one which the evergreens shields the unsightly image from the public.

The exterior’s unlovely coldness is equalled inside with boring square blocks for rooms with a lone interesting architectural detail, a fireplace without any depth or volume. Everything is flat and dull – windows flush to the wall, doors that are more like panels – although the living and bedrooms do have wood floors. It’s a building that demonstrates an architect who never attended to spend even the most minuscule effort on this structure.

This building demonstrates the ethos of modest housing development in the 1960s and 1970s: build it cheap without regard or thought to whoever would be the resident. Blame the contractor and town officials at the time for allowing the construction of this abomination to occur.

Yet, this afterthought sold in just over a month at nearly $50,000 more than its original list price. People saw beyond the hideous nature of the structure to purchase it, so it won’t – hopefully – be demolished. And this is a good thing. It’s ugly, inappropriate and, more important, affordable. Because of its unappealing look, it will never reach the same rent or price of a similarly-sized unit in a two-family on, let’s say, Hammond Road. 

Even if this building remains an apartment or is converted into condominiums by an off-site owner, these units will allow a couple or a young family to get their toes into a town that doesn’t have many reasonably-priced housing outlets for those seeking a safe place to live with a (still) good school system.

So let’s take the good with the really horrible, horrifically bad.

 

2014 Was a Good Year to Sell Real Estate in Belmont

It’s official: 2014 was a very good year for anyone selling real estate in Belmont as the average sales price for a home – be it a Colonial, a condo or an up-and-down two family – increased by more than five percent, according to the data compiled by  McGeough Lamacchia Realty of Waltham.

The firm included an Infographic “map” of Belmont real estate data.

The housing market remained strong in Belmont in 2014, with a total of 320 homes – single-family, condos and multi-family – sold at an average sale price of $748,839, about five and a half percent increase from 2013.  The total number of homes sold in 2014 is 11 fewer than in 2013, which is part of a trend that contributed to overall home sales in Massachusetts being down 1 percent in 2014.

  • Single-family: 169 sold in 2014 versus 179 in 2013, for an average price of $976,919 which is $60,000 more than last year’s average of a little more than $910,000.
  • Condominiums: 91 condominiums sold in 2014 compared to 98 in 2013, with an average sold price of $595,454, an increase from 2013’s average of $573,301.
  • Multi-Family: 60 homes sold in 2014, as opposed to 54 in 2013. The average sale price in 2014 was $674,145, nearly $35,000 more than the average in 2013. This makes multi-family homes the only category to both see more homes sold, and an average higher sale price.

While hardly anyone can call the average housing price as “cheap,” Belmont remains affordable compared to Cambridge and Lexington, where a single-family home can cost up to $314,556 more when you look at average sale prices. Arlington, Waltham, and Watertown come underneath Belmont’s average price for a single-family home by anywhere from 34 to 53 percent.

On the Market: A Great ‘White House’, A Bit of History, An Updated Condo

A sample of Belmont homes “on the market” ranging from the affordable, the average and the quite expensive.

52 Alexander Ave. “The White House,” Modern colonial, new construction (2014). 3,500 sq.-ft. of livable space: 9 rooms, 5 bedrooms, 4 full baths. One-car garage. A quarter-acre lot. What’s special: What isn’t special about “The White House”? It has its own website! The building, designed by architect Robert Linn – you can see one of his designs on Grove Street in Cambridge known as “Red House” – is so clean in its lines (emphasized by the dominate white color scheme), the placement of the windows and wonderful use of open space – the second floor encompasses the attic in a more traditional home – it’s the classic New England Colonial infused with the sensibilities of contemporary European residential architecture. I even like the bathroom; it’s designed as a room rather than a space filled with fixtures. And it’s not on “the Hill” but a block from the commercial “Belmont Center.” It’s immediately a great house in Belmont. Now let’s see if the initial asking price can hold up. Price: $2 million. 

The first sentence of the sale’s pitch: “A rare opportunity to own new construction in Belmont and have it all: a flexible, true open floor plan encompassing a large kitchen with show-stopping quartzite island, Thermador stainless appliances, wine storage, convection oven, breakfast bar and walk-in pantry, family room with wall to wall windows, dining room with French doors leading to a covered patio and garden, and an entertainer’s dream living room.”

692 Pleasant St. An antique single-family in the Italianate style (1851). 3,188 sq.-ft. of livable space: 12 rooms, 6 bedrooms, 4 full and a half baths. Two-car garage. A little more than a third-of-an-acre lot. What’s special: History! This residency is from Belmont’s earliest days, a home for the son of the founder of Little Brown Publishing. The interior appears to have been kept in great condition with substantial renovations to keep it so nicely preserved. There are original wooden floors, the undulating curves of the main rooms and a great staircase. You also have to accept some really cramped spaces including the kitchen and some of the bedrooms. All in all, a wonderful space for those who love history or not. Price: $895,000.

The first sentence of the sale’s pitch: “Welcome to the Brown House built circa 1851 for the son of James Brown, founder of Little Brown Publishing Company. This lovely Italianate home boasts a beautifully detailed hooded doorway, bay window and slate roof and is surrounded by well thought out gardens and terraces.”

226 Trapelo Rd. #1. Renovated ground floor condominium (1922). 1,334 sq.-ft. of livable space: 6 rooms, 2 bedrooms, 1 full bath. Two-car garage. A little more than a third-of-an-acre lot. What’s special: This single-floor condo near Harding was renovated last year so it looks to be in great shape. It comes with nice period features – molding, trim, a built-in cabinet, brick fireplace and hardwood floors – with some surprisingly spacey room. The kitchen has those evil granite tops – this is not the 1980s! – and you’re facing a major thoroughfare. This is a bargain for a young couple. Price: $439,000. 

The first sentence of the sale’s pitch: “Picture perfect’ first floor condominium with lots of curb appeal in desirable Belmont. This immaculate home has 2 bedrooms, 1 bathroom, and is full of natural light.”