Sold in Belmont: Affordability in Housing, in Threes

Photo: 14 Scott Rd., Belmont.

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

20 Ericsson St. #3, Top-floor condominium (1908). Sold: $386,000. Listed at $415,000. Living area: 930 sq.-ft. 5 rooms, 2 bedrooms, 1-full bath. On the market: 58 days.

• 29 Thayer Rd. Condominium (1958). Sold: $233,750. Listed at $259,900. Living area: 602 sq.-ft. 4 rooms, 1 bedrooms, 1-full bath. On the market: 163 days.

• 14 Scott Rd. Colonial (1934). Sold: $750,000. Listed at $699,000. Living area: 1,880 sq.-ft. 7 rooms, 3 bedrooms, 1.5 baths. On the market: 77 days.

Housing affordability continues to be a challenge in Belmont where the medium housing value ($847,000 for a single-family house) results in homeowners needing to pay out $3,900 a month in mortgage payments (30-year/4.5 percent/10 percent down) along with $10,000 annually in taxes.

So it’s heartening to see three properties – each with hardwood floors – that fit the bill in getting your foot in the door to live in Belmont. There is the top-floor condo on the street that literally is on the Cambridge line. I thought Oxford was the border of the People’s Republic yet Ericsson Street, with some nice century-old structures, including the two-bedroom condo which is spread over 930 square-feet. The new owners get some original detail, a very cool dining area with fun angled windows, plenty of solid doors and a new-ish kitchen. And the owners got it for a $30,000 discount by waiting out the seller.

You can tell the condo on Thayer Road was viewed in the early 60s as the height of modern living; open floor plan, freed from ornamentation, a tightly-spaced kitchen which wasn’t used that much because owners were dining out and bring home takeout during those swinging times. (I could see Joan P. Holloway living in these digs.) This condos have the basics which many want while saving up for the next move. And the owner(s) will be living in about as inexpensive abode Belmont has, at $233,000. (Inexpensive for Belmont; this is what you’ll get for the same money in Charlotte, NC.)

Even the brick/frame Colonial on Scott Road, just on the base of Belmont Hill, is on the less expensive side of most single-family homes. It’s boxy, with a curved staircase (no photos of the kitchen, hmmmmm) and a nice sized backyard; all for $750,000. 

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