Recent Sales on the Brookline Border: Revisting Cummings Road
A few weeks back, I wrote about Cummings Road, one of Brighton’s quiet residential streets abutting the Brookline border. Back in July, three properties were up for sale on this street. Two months later, two of these homes have sold, and one appears to be taken off the market.
One large home sold for about 95 percent of July’s asking price. I noticed a new for sale sign and lots of construction work, so it may be that this home is being renovated or reconfigured into condos for resale. Or… maybe they just forgot to take down the for sale sign.
The other home that sold on this street sold for 96.5 percent of the July’s listed price. Both of these properties, interestingly enough, sold for substantially more than their appraised value on either Zillow, Eppraisal or Cyberhomes. Either people really like Cummings Road, or prices along the streets immediately abutting Brookline are holding their own.
24 Cummings Road
Brighton
BEDS:6/BATHS:1
SQ.FT: 3,131
Sold $760K, Sept. 3. Listing price, $799K
36 Cummings Road
Brighton
BEDS:2/BATHS:1.5
SQ.FT: 1080
Sold for $375,150 on August 19. Listed at $389K
And two other recent sales on this street:
40 Cummings Road, Apt. 4
BEDS:2/BATHS:1.5
SQ.FT: 1090
Sold for $390K June 25, 2008.
7 Cummings Road, Apt. 4
BEDS:2/BATHS:1.5
SQ.FT:985
Sold for $352,400 on August 1, 2008.
Sweet Digs Boston Home
Brookline, Brighton Archives
Brett said:
Brett Shaw from Cyberhomes:
The estimation tool at Cyberhomes.com is a great place to get started in determining the value of your home. However, the true indication is what similar properties are selling for in your area. You have discovered this. During this turbulent market correction, it is difficult for any valuation site to be completely accurate. These recent sales in a neighborhood are only a part of the AVM that determines a price.
Did you get a chance to go into the “Change Value” section of Cyberhomes.com? Here you can edit the specific facts about a property and account for any renovations, updates, etc. that have been done!
October 19, 2008 3:13 PM
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