Photo: This Cape sold for nearly $200K more than its assessed value.
A weekly recap of residential properties sold in the past seven-plus days in the “Town of Homes”:
• 150 Sherman St., Over-sized Cape (1940). Sold: $1,065,000. Listed at $995,000. Living area: 2,463 sq.-ft. 8 rooms, 4 bedrooms, 3 baths. On the market: 90 days.
• 7 Belmont Cir., Condo in a two family (1958). Sold: $389,900. Listed at $389,900. Living area: 935 sq.-ft. 5 rooms, 1 bedroom, 1 baths. On the market: 70 days.
Ah, the Cape Cod-style of residence: simplicity in design, affordability in mind. Created in New England in the 1700s, the structure was intended to withstand the storms that hit Cape Cod with its recognizable amoderately steep, pitched roof – anyone more than six feet tall has to be careful navigating those rooms – with end gables and very little ornamentation other than the use of shutters. Even the 20th-century version especially those built after WWII (that include dormers that bastardize the roof’s pre-Revolutionary elegance) still retain the essence of its Puritan roots. For those reasons, the Cape was seen as a more affordable family residence to Belmont’s favorite, the Colonial.
Even the 20th-century version especially those built after WWII (that include dormers that bastardize the roof’s pre-Revolutionary elegance) still retain the essence of its Puritan roots. For those reasons, the Cape has been seen as a more affordable family housing compared to Belmont’s favorite, the Colonial.
So when the Cape at 150 Sherman sold last week in the heart of the family friendly and not-so-fancy Winn Brook neighborhood, you’d expect it would sell at or around the town’s assessed value.
And you would be wrong; this over-sized Cape (about 5oo extra square feet than the traditional abode) with a renovated kitchen – gray granite countertops and boxy cabinets doesn’t really work for me – along with a new air system and extensive landscaping broke the seven-figure barrier, a whopping $200,000 greater than this fiscal year’s assessment.
Just as the overheating real estate market has produced million dollars sales in neighborhoods where you least anticipated, you can now add Winn Brook to that list.