Sold in Belmont: Is the Hill Losing Some Luster to ‘Friendlier’ Homes?

Photo: A classic Colonial on Benton Road that sold for seven figures. 

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

• 14 Frederick St. Two-family (1930), Sold for: $690,000. Listed at $699,000. Living area: 2,459 sq.-ft. 11 rooms; 5 bedrooms, 3 baths. On the market: 47 days.

• 95 Bow Rd. Classic Colonial (1928), Sold for: $1,265,000. Listed at $1,250,000. Living area: 2,874 sq.-ft. 11 rooms; 4 bedrooms, 3.5 baths. On the market: 47 days.

• 10 Cutter St. Colonial “box” (1905), Sold for: $710,000. Listed at $689,000. Living area: 1,646 sq.-ft. 7 rooms; 4 bedrooms, 1.5 baths. On the market: 34 days. (A former House of the Week.)

• 80 Somerset St. Custom European-style home [the town calls it a colonial] (1924), Sold for: $1,500,000. Listed at $2,100,000. Living area: 3,116 sq.-ft. 7 rooms; 4 bedrooms, 3.5 baths. On the market: 179 days.

• 19 Benton Rd. Classic Colonial (1925), Sold for: $1,194,000. Listed at $1,149,000. Living area: 3,040 sq.-ft. 8 rooms; 4 bedrooms, 3.5 baths. On the market: 57 days.

• 26 Clifton St. English-brick Tudor (1920), Sold for: $1,085,000. Listed at $1,190,000. Living area: 2,675 sq.-ft. 9 rooms; 4 bedrooms, 2.5 baths. On the market: 86 days.

It’s good to be friendly.

And last week, that notable attribute was evident in real estate with the four Belmont homes that sold for seven figures. 

Up on Belmont Hill, a pair of houses hidden from public view (long-driveways and heavy vegetation) on large lots a distance from nearby residences took a couple of haircuts from their original list prices after spending some time sitting on the market.

Down in the hinterlands, two classic Colonials sitting steps from the street in typical neighborhoods located near bus lines and the town’s business center and other amenities were bought up for a premium after being listed for less than two months. 

Coincidence? Maybe. Or is the latest generation of homebuyers who can make the financial leap into high-end homes seeking a more communal living arrangement, wanting to be close to schools, libraries, pools and fellow residents. A recent report shows that many up-market buyers are no longer seeking celebrity-like seclusion but rather a lifestyle that allows the kids to walk down to school or the Benton Library and foregoing the second/third vehicle for public transportation.

A decade ago, the houses on Benton and Bow roads would never have been considered the equal of the duo on the Hill. Today, they are, and more.

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Comments

  1. says

    Woohoo! I sold two of these and yes, Belmont Hill doesn’t appeal to my buyers who prefer to be walking distance from our urban centers, schools and future community path!

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