Sold in Belmont: And ‘Poof’ The House Was Off The Market

Photo: A unique home just off School Street. 

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

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10 Anis Rd., Colonial with front extension (1940). Sold: $860,002. Listed at $760,000. Living area: 1,865 sq.-ft. 7 rooms, 3 bedrooms, 1.5 baths. On the market: 52 days.

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10 Pine St., Philadelphia-style condo (1915). Sold: $512,000. Listed at $465,000. Living area: 1,762 sq.-ft. 7 rooms, 3 bedrooms, 2 baths. On the market: 59 days.

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15 Francis St., Condominium (1927). Sold: $406,150. Listed at $375,000. Living area: 991 sq.-ft. 4 rooms, 2 bedrooms, 1 baths. On the market: 68 days.

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104 Stony Brook Rd., Classic Ranch (1960). Sold: $930,000. Listed at $929,000. Living area: 1,720 sq.-ft. 6 rooms, 3 bedrooms, 2.5 baths. On the market: 54 days.

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99 Louise Rd., English Colonial (1929). Sold: $1,150,000. Listed at $1,150,000. Living area: 2,676 sq ft. 10 rooms, 5 bedrooms, 3.5 baths. On the market: 81 days.

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 115 Channing Rd., Expanded Cape (1942). Sold: $655,000. Listed at $699,000. Living area: 1,527 sq.-ft. 5 rooms, 3 bedrooms, 2 baths. On the market: 103 days.

Remember the memorable final line in the outstanding film “The Usual Suspects”? 

“And like that, poof. He’s gone.”

You could change a few words, and you have a metaphor for the Belmont real estate market.

“And like that, poof. The house for sale was gone.”

In the past week, six of the seven homes and condos that sold were bought just weeks after being listed on the market. And in half the sales, the final price was greater than the original list price. 

The reason is simple enough to deduce for anyone who stayed awake for at least half of their Econ 101  Macroeconomics class: The residential housing market is being dictated by the lack of supply with an eager number of buyers. 

According to research done by Real Estate Attorney Richard Vetstein, who runs the informative Massachusetts Real Estate Law Blog, inventory for residential homes in Boston’s suburbs frankly stinks. Speaking to brokers and salesperson, Vetstein discovered there isn’t much out there to sell in the spring which has bled over to the summer. And if you have a “quality” property (not beat-up, has some detail, not overpriced), expect a torrid of people attending your open house. 

And with buyers dreaming of living in a community of great schools, bad roads and a pretty quick commute (unless you work in Marblehead), these homes were snatched up, pronto. The average time on the market was just over two months, and most of that time was likely taken up trying to determine which of the multiple offers to accept. 

But there is one caveat to that supply/demand function for real estate in Belmont: don’t be greedy. There have been numerous examples – many involving high-end homes reported in the Belmontonian – of sellers who had to put their tails between their legs and recalculate (i.e., cut) the listing price. Buyers are willing to pay a premium but not a ransom for a house. Winchester is just one town over, and it has better roads, a new high school, and the same housing stock.

And in the past week, sellers and their brokers kept that initial list price reasonably close to the value of the homes calculated by the town’s assessors.

Property       Assessed value     List price 

10 Anis Rd.            $759,000          $760,000

10 Pine St.             $506,000          $465,000

104 Stony Brook  $865,000          $929,000

99 Louise Rd.      $1,038,000        $1,150,000

115 Channing Rd.  $612,000          $699,000 (reduced to $679,000 after a month)

And just a word on 99 Louise Rd., if you discount some of the interior updates (what’s worse than natural-color granite countertops? Granite countertops dyed shamrock green) the house has some beautiful details – in-the-wall custom bookshelves, ventilation windows, built-in cabinets – and original wooden floors that gives you an idea what so many homes in Belmont looked like that were built before the Market Crash of 1929 when less expensive material began being used. 

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Olmsted Selected to Fill Library Trustee Post

Photo: Corinne McCue Olmsted

Corinne McCue Olmsted joins the Belmont Board of Library Trustees at a time when the library, once again, is moving forward with a vision for a new building and its place as a resource for town residents.

Appointed unanimously by a joint committee of the Board of Selectmen and the Library Trustees on May 21, the Stone Road resident joins the “team” as it moves forward with its important feasibility study for the renovation or construction of a new library, ready to help in the development of programs and using the new physical space efficiently.

“I think that libraries are moving towards … places where people can gather,” she told the joint boards, moving away from being a quiet spot to “becoming more noisy, frankly, and that will be a good thing.” 

“I want to see it become more vibrant community space so where more people like me would come in,” McCue Olmsted said, and increasing the percentage of residents with library cards from the current 65 percent. 

Growing up on Long Island and matriculating at Skidmore, McCue Olmsted earned her Master’s and Ph.D. in Economics at UConn. She worked in research before moving to Nexus Associates and then seven years as a transfer pricing economist at Ernst & Young. She and her husband, who is also an economist, are parents of a six-year-old and nearly three-year-old twins.

McCue Olmsted joins the six-member board to finish the single year left of the term and will be up for election in April 2017 and then will need to run again for election in April 2018.

Her favorite book is “Four Kitchens: My Life Behind the Burner in New York, Hanoi, Tel Aviv, and Paris” by Lauren Shockey, a book on cooking, travel, and life.

The Belmontonian: As a trustee, you’ll be bringing the prospectus of a young woman with children, which is a considerable percentage of library users. Do you see yourself being the point person for that important constituency?

McCue Olmsted: Yes, and I would like to be that person. When enrollment in schools increases, the uses of the children’s area of the library does so also. I will be an advocate for expanding programs for both adults and children. For children, I’d like to see similar space changes to the children’s room because it’s small and a little dark. While the librarians do a wonderful job with the arrangement of books and material, we can do more with this room.

Q: What would you like to see in a new or renovated building?

A: While the building shape is still the same [since its opening in 1967] … I would like to see this become more of a communal social space so that people just don’t come to take out books but to socialize. We should also commit in a new building to more energy efficient practices, more natural light and recycling, the same concepts used at the Wellington [Elementary].

Q: Does digital media have a role in your plans?

A: I see the library evolving into more of a space where people can come together and use the digital resources. The types of media products the library provides will continue to expand and [the library] can become the place where information literacy is taught in the community including the schools. But I still have an affinity for physical books. That’s the reason people continue to go to bookstores. Children get interested in things by looking at them physically, and that’s why the Children’s Room is so important to the community. 

Q: What is the first item that you’re interested in tackling as a Trustee?

A: I would like to take a look at the programs. To see if there are places that can be expanded or filled in. I also want to talk to Peter [Struzziero, Belmont Public Library Director] how he is increasing space. While other challenges are facing the town such as the construction of a renovated Belmont High School that will likely take precedence, the library still faces urgent problems such as the boiler issue [which will need to be replaced], the type of non-exciting things that need to be resolved to keep the building running. 

Fireworks, Kids Events Fill The Schedule Near Belmont On The 4th of July

Photo: Fireworks in Newton.

Unfortunately, Belmont does not hold a 4th of July celebration, but many neighboring and close-by town and city do. Here are just a few events and fireworks in adjacent communities and in Boston. 

Lexington: The annual Fourth of July Carnival takes place at Hastings Park through July 4 from 1 p.m. to 6 p.m. The Youth Games take place on July 4th at 10 a.m.

Boston: Fireworks will fill the sky over the Charles River adjacent to the Esplanade after the Boston Pops concert just after 10 p.m. 

Newton: Not just fireworks but also an open air market, food vendor and children’s activities beginnng at 1 p.m. at Albermarle/Halloran Field, located on Watertown Street, Route 16. The fireworks get underway at 9 p.m.

Today, from 10 a.m. to noon, is Kids Morning (for children from 3 to 12) at Newton Centre Playground at Tyler Terrace. There will be a Grande Pet Parade, a Teddy Bear Parade, Decorated Doll Carriage Promenade and Foot Races. There will also be free ice cream by Cabot’s Ice Cream

Waltham: Concert and festivities begin at 7:30 p.m. with the fireworks beginning at 9:15 p.m. at Leary Field, 19 Athletic Field Rd.

Arlington: At Robbins Farm Park, just over Route 2 from Belmont. Beginning at 6 p.m., there will be musical entertainment provided by thea “The Reminisants”, and of course, the Boston Pops Orchestra and fireworks on the giant screen (fireworks start at 10:30pm). The event is free and open to all.

Personnel Comings And Goings At Belmont Police

Photo: Belmont’s newest officer Richard Murphy (second left) with his parents and Belmont Police Chief Richard McLaughlin and Assistant Chief James MacIsaac.

Belmont’s newest Police Officer, Richard Murphy, was sworn in by Town Clerk Ellen Cushman in the Selectmen’s Room of Town Hall on Thursday, June 30.

Murphy graduated from the Boston Police Academy on Wednesday, June 29, with Belmont Police Chief Richard McLaughlin and Belmont Town Administrator David Kale at the ceremony. Murphy ranked number one academically in the class of 67 officers, graduated after a 27-week intensive academy program hosted by the Boston Police.

Murphy has begin training in the field with senior officers. 

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Belmont Dispatcher Ed Hudson at his station.

The next day, Friday, July 1, was Dispatcher Ed Hudson’s last shift with Belmont Police. Hudson is leaving to join the Rye, NH Police Department.

Belmont Light Offering Rebates For New Energy Efficient Appliances

Photo: The Energy Star program. 

Thinking about purchasing a new appliance for your home this year? If so, get paid for making a smart energy choice through Belmont Light’s 2016 ENERGY STAR® Appliance Rebate Program. The program offers rebates of up to $200 annually per residential account for certain ENERGY STAR-labeled products. 

“Appliances like refrigerators and air conditions account for a noticeable portion of our customers’ monthly usage,” said Becca Kean, Belmont Light Energy Resources Analyst. “Upgrading old appliances is one of the most sure-fire ways to reduce your electricity bills,” she said. 

Older models, and even newer products that haven’t earned an energy-savings label, can add hundreds of dollars a year to your costs compared to ENERGY STAR equipment. For example, a refrigerator produced circa 1990 can use upwards of triple the amount of electricity needed to run modern, ENERGY-STAR models. 

While the upfront costs of newer, highly efficient appliances are generally recouped after a few years of electricity bills, Belmont Light’s appliance rebate program aims to further incentivize customers to swap out or dispose of the ‘energy hogs’ lurking in their homes.

The 2016 program includes the following rebates and appliances:

$100: 

  • Refrigerator 15.0 cubic feet or larger, with proof of Belmont DPW or vendor disposal. 
  • Central air conditioner with a SEER rating greater than 14.
  • Room air conditioner, with proof of Belmont DPW or vendor disposal.

$75:

  • Dehumidifier.

$25:

  • Room air conditioner, without proof of disposal.

To participate in the 2016 program, residential customers must complete an application and submit required documentation by Jan. 21, 2017. Applications are available at the Belmont Light webpage and going to the “Energy Solutions” site and then to “Residential Programs” or at Belmont Light’s office at 40 Prince St.

For additional information, please call Belmont Light at 617-993-2800 or email EnergyResources@BelmontLight.com.

Ready, Set … Last Minute Things To Know on July 1

Photo: Don’t let traffic get you down this July 4th holiday.

Make no mistake about it; with the 4th of July on a Monday, today, Friday, July 1 is the beginning of a four-day holiday for a majority of Belmontians. So here are a few helpful tips before you start your holiday 

• Heading out of town on the roads today? Take time to get the latest travel advisories.

For traffic and road conditions, drivers may use new technology:

  • Travelers may dial 511 and select a route to hear real-time conditions for more than one thousand miles of roadways in Massachusetts and for some roads in other states.
  • Visit the website, mass511.com, to find real-time traffic and incident information.
  • Access MassDOT traffic camera images of portions of Rt. 3, Rt. 6, Rt. 28, and I-90, I-91, I-93, and I-95 by visiting:  http://www.massdot.state.ma.us/highway/TrafficTravelResources/TrafficInformationMap
  • Download the Ridewise app to obtain travel times for various routes including Route 3, Route 6, I-93 and portions of I-90.  The app is available on Android and iPhone.

• Stock up on best-sellers, get the books on your reading list or find that favorite film as the Belmont Public Library will be open until 5 p.m., Friday, July 1. It will be closed until Tuesday, July 5.

• If you are looking to pay that parking ticket, town offices will be closing at 1 p.m. on Friday, July 1.

• Looking to sneak out of town via the commuter rail or trolley? You’ll have to dig a bit deeper in you wallet as the MBTA is raising fees today, Friday, July 1. Also, if you are traveling by the T on the 4th, there is no fare on the subway lines after 9:30 p.m. 

• Staying in town? Not leaving ’til later? Then come to the Benton Library for a bit of quiet time  at 75 Oakley Rd. on the corner of Oakley and Old Middlesex. The Benton is open on the first Friday evening of every month.

 

Time Running Out To Find New Home For Belmont Food Pantry

Photo: A busy Belmont Food Pantry on Belmont Serves.

It’s nail-biting time for the Belmont Food Pantry.

With a little more than five weeks before the non-profit will be forced to move from its current home in a modular unit at the rear of Belmont High School, the pantry – which assists more than 200 residents with much-needed food staples and sundries – is scrambling to find a space to continue its charitable work.

“What we are asking we know that we need to come together as a community to provide this service to the people,” Laurie Graham, former Belmont School Committee chair, and a pantry director, told the Belmont Board of Selectmen on Monday, June 27.

“We’ve known since December and to solve this problem now is acuter with this short fuse,” said Chairman Mark Paolillo of the August 1 deadline.

The pantry will need to move as the school department is running short of classroom space due to rocketing enrollment levels at Belmont High and throughout the district.

But despite the best efforts of the town administration, houses of worship, non-profits and businesses, as of the last week in June, there simply isn’t a location of a similar size – about 1,600 sq.-ft. – to meet the pantry’s needs.

Currently, the pantry is open five times a month: in the mornings on the first and third Saturday of the month and on afternoons on the second and fourth Tuesday evening with an additional day on the last Sunday of the month at Plymouth Congregational Church on Pleasant Street.

Belmont residents can use the service twice a month to pick up canned goods, baking supplies, sundries and, during the summer, fresh vegetables from gardens run by volunteers.

While the Belmont community has been “very supportive” of the pantry financially and with food donations, “we need space,” said Graham.

David Kale, Belmont’s town administrator, said he had discussions with department heads on available space, but so far there isn’t any local site that could handle the pantry.

A recent walk through of the former Belmont Municipal Light Department headquarters adjacent to the Police Headquarters and across Concord Avenue from Town Hall, which three years ago was the pantry’s home, was deemed unavailable as the building has deteriorated over that time and would need substantial rehabilitation to bring up to code. 

There had been discussions of using two empty storefronts near the intersection of Belmont Street and Trapelo Road adjacent to Moozies that are owned by developer Chris Starr or parking a trailer in the Beth El Temple Center’s parking lot. But both some with significant restrictions such as lack of running water and electricity and a small footprint.

“But while saying that, we’d love to have anything on a temporary basis,” said Graham.

With nothing available at this time, the pantry is looking at stop gap measures to continue service, including sharing space with pantries in Watertown and Arlington, although the Watertown space is problematic since they hand out bags of food rather than allowing residents select what they need which is done in Belmont.

Graham said there had been discussions by the pantry’s board of directors of possibly allowing the pantry become part of town government similar to the way Watertown runs its food service.

“There are pros and cons to this [approach],” said Graham including giving up the pantry’s non-profit status. The pantry could find a commercial storefront and pay market rent although that would mean fewer supplies for residents. 

“But I think for us an issue is sustainability … and that means we need to have a place,” she noted. 

Saying the food pantry serves “a very important need,” Selectman Sami Baghdady said he has reached out to several large property owners if there is any available storefront in an accessible commercial location. 

“When I say ‘food pantry,’ everyone’s attention spikes, and there is a strong desire to help,” said Baghdady, saying he is now waiting for a call back to resolve the predicament, “sooner rather than later.” 

Market Day in Belmont: Stock Up For The 4th

Photo: Greens are in the market. 

Take time out before the July 4th holiday to stock up on the freshest produce and sundries on Market Day, Thursday, June 30.

The last June Market features strawberries, arugula, carrots, garlic scapes, leafy greens and lots of fresh peas.

Occasional vendors this week are Turtle Creek Winery, Warren Farm & Sugarhouse, Belmont Acres Farm and True Grounds Coffee House.

Performances in the Events Tent

  • 2 p.m.: Bob Leger returns play guitar and sing classic, pop, rock, country folk and blues songs.
  • 4 p.m.: Storytime – Stories for all ages, sponsored by the Belmont Public Library.
  • 4:30 p.m.: Music Together of Belmont: music for children from birth through age 7, and the grownups who love them.
  • 5 p.m.: Solomon Murungu returns with music showing the culture, folklore, and wisdom of the Shona people of Zimbabwe.

Traffic advisory: There will be sidewalk work under the Belmont Center railroad bridge weekdays through July 7. This has caused some delays, but the roads are open. Work stops at 4 p.m.; the market is open until 6:30 p.m.

Find out what’s at the Market each week  Sign up for the email newsletter for weekly info about vendors, performers and special events. Follow the Market on Facebook and Twitter.

SNAP payments: The market accepts and doubles SNAP benefits (formerly called Food Stamps) up to an extra $25 per Market day, while matching funds last. Make a tax-deductible donation to the Belmont Food Collaborative to support programs like this.

Minuteman To Hold District-Wide Vote Sept. 20 To OK $144M Building Project

Photo: Belmont may have voted no, but it could be on the hook for nearly $500,000 in annual costs to construct a new regional technical school.

Belmont may have voted “no” in May, but that hasn’t stopped the Minuteman School Committee from getting a second bite at the apple to approve a $100 million bonding issue to build a new regional technical school on the Lexington/Littleton town line.

On Monday, June 27, the school’s school committee voted 12-1 with one abstention to bring a referendum to build the school to the entire 14 community district.

The vote – funded by the Minuteman School Committee – will take place on Tuesday, Sept. 20 from noon to 8 p.m. 

“It’s a simple vote across all the [d]istrict towns,” said Edward Bouquillon, Minuteman’s Superintendent-Director in a statement issued on June 28.

“It’s done on the same day during the same hours. The votes are totaled. If there are more “yes” votes than “no” votes, the project is approved,” he said.

According to data from Minuteman Tech, renovations and repairs are projected to cost local taxpayers roughly $100 million and take six to ten years to complete. With the MSBA grant, the local share would be roughly the same amount, to be paid by local taxpayers and by out-of-district communities through a new capital fee assessed by the state.

The new vote comes about two months after a Special Town Meeting overwhelmingly rejected the bonding issue, the only Town Meeting to vote down the proposal that would saddled Belmont with an annual bill of $350,000 to $500,000 to pay for its portion of the nearly $100 million to build the school.

And despite Belmont having expressed its opinion on the issue and while many in town would like the town to commit its own “Brexit”-style departure from the district, “it has there really is no practical way for Belmont to leave the District before the vote is taken. It’s simply not possible,” said Jack Weis, Belmont’s representative to the Minuteman School Committee.

In the view of the Minuteman officials, they were left with only one option after Belmont’s legislative body rebuffed the proposal.

“We tried the traditional Town Meeting route and won by overwhelming margins just about everywhere,” said Bouquillon, winning approval in the other 13 Town Meetings. “But we were unable to make the case properly in one town [Belmont] and, given the rules of this process, that was enough to require going directly to citizens through a formal referendum.”

In hopes of saving a $44 million grant from the Massachusetts School Building Authority to build the school, said Bouquillon, the Minuteman School Committee will submit the issue directly to the voters of its member towns.

In a press release issued on Tuesday, June 28, Minuteman and officials from other communities in the Minuteman district met with Belmont officials on June 20 “to determine whether Minuteman should attempt to bring the matter back to Belmont Town Meeting or, alternatively, go to a referendum.”

Under the town meeting approval process, the project could only move forward if no member town voted to object. 

Belmont officials told the committee there was no indication that Town Meeting members would change their opposition to the project which it considers far too large for the number of students coming from district communities.

“[The] sensible course would be to proceed directly to referendum,” said Bouquillon. “Fortunately, state law gives multi-town districts such as Minuteman a second option for getting capital projects approved.”

“Under the new Regional Agreement, any community can petition to leave the District at any time.  The first step is to have a Special Town Meeting and to have the two-thirds of the Town Meeting members vote in favor of leaving. But, the actual departure isn’t effective for three years after that. So, there is no way to leave the District before the vote is taken.

Even if Belmont could decamp from the district, “communities are still obligated for their share of any debt incurred prior to the withdrawal date,” said Weis.