Sold in Belmont: Paying Premiums on the High-End Homes

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

 40 Randolph St. A big, brick Tudor-style Colonial (1929), Sold for: $1,255,000. Listed at $1,250,000. Living area: 3,320 sq.-ft. 11 rooms, 5 bedrooms, 3.5 baths. On the market: 54 days.

• 255 Slade StBrick Colonial (1925), Sold for: $1,131,000. Listed at $995,000. Living area: 2,390 sq.-ft. 10 rooms, 5 bedrooms, 2.5 baths. On the market: 61 days.

 165 Radcliffe Rd. Dutch Colonial (1948), Sold for: $705,500. Listed at $725,000. Living area: 2,417 sq.-ft. 7 rooms, 3 bedrooms, 3.5 baths. On the market: 54 days. 

Would it surprise anyone that the two high-end houses picked up on the final days of 2014 where sold at a premium – contrary to the trend over the past six months of seven-figure structures having a hard time holding onto the listed price –  as new owners seek a tax advantage for this year and 2015?

Then again, each property had its selling points. The huge (expanded horribly in the early 1990s with the dormers running front to back) Tudor wannabe on Randolph Street in the Presidential neighborhood is the perfect location for parents with kids in the schools. A jump and a skip from the Burbank, just up Washington Street to the Chenery and a leisurely stroll to the High School. Just think, never have to drive the little ones to school and no need to give them a car when they turn 16. The Slade Street house would have been considered, at 2,300 sq.-ft. of livable area, a “big” house in Belmont up until about 15 years ago. But being the neighbor to the (bland) massive new residential construction at the corner of Common and Slade (will it go onto the market or is being built for someone?), it’s now not even the biggest kid on the block. But it doesn’t hurt that the former c. 1920 structure that resembled a haunted house was finally demolished in 2013. Finally, the Dutch-Colonial on Radcliffe was bought for a steal at just more than $700,000. Of course, the house is literally on Route 2, but still a great place to call home.

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