Sold in Belmont: What Would $785K Get You in Oregon? Nicer, Bigger, Better

Photo: Belmont (left) and Lake Oswego. No contest.

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

• 48 Middlecot St., Brick and shingle ranch (1953). Sold: $785,000. Listed at $749,000. Living area: 1,423 sq.-ft. 6 rooms, 3 bedrooms, 1.5 baths. On the market: 52 days.

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The one residential sale last week in Belmont is a fairly standard post-war ranch-style single family. The house on Middlecot Street in the heart of Winn Brook, that sold about $100,000 over its assessed value, has a treadbare feel to it – just look at the wear patches on the kitchen flooring and door frame. In addition, there’s a thrown together vibe through out the interior, from the hidious  1970s paneling in the basement to the mismatching bathroom detail. 

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So, is the best $785,000 can get you? Or better yet, what can you get in communities that resemble our “Town of Homes”? It didn’t take long to find one; a 45 hour, 3,088 mile road trip due west.

Lake Oswego, Oregan is an upscale suburb of Portland (Portlandia!) known for its residential character. It has an outstanding school district that attracts aging hipsters who decide they would rather invest in a pricy home then stay in their artsy Portland loft and spend a fortune on private school fees. Its impressive downtown (it’s a harbor!) and shops supports a population of 36,000 with a per capita income of $53,000, compared to Belmont’s $57,000.

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So here it is: for $758,000 this remodeled Craftsman Bungalow could have been yours. It’s so pretty, a late example from 1930 that was lovingly restored and renovated. The fireplace’s decreative surround, wood floors and the traditional four-over-one windows are all nice touches. Along with a landscaped yard, you get 1,000 additional  square feet, two full bathrooms and nice-sized bedrooms. 

Just for comparison, the Craftsman basement is thought out in color scheme and arrangement while the Belmont cellar is just creepy.

Why can’t we have nice things? 

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