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Wellesley 02481
161 Cedar St
$817,000
● House - Off Market

161 Cedar St

Wellesley, MA 02481
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,186 Ft²
$851,916
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Here's is your opportunity to reside in Wellesley.  Attention all contractors, home builders, developers and cash buyers!  Estate sale, sellers have never lived in the home. Convenient to Route 9 and Route 95 for easy commute. Seller and listing agent make no representations; buyers and buyer's agents to do due diligence in regard to building feasibility. Property being SOLD AS IS AS SEEN.
Unit Size
1,186 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$632
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
2021

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72880744)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Sep 28, 2021 Sold
Premium
Sold
Aug 12, 2021 Listed by Realty Associates $750,000
Listed by Realty Associates

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,300
  • Total Building Area: 3,195
  • Building Area: 3,195
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,195
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000351
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404100

Zoning

  • Zoning: SR15

Geography

  • Parcel: WELL M:016 R:061 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3139
  • Longitude: -71.2467

    Address

  • Full Address: 161 Cedar St
  • Address - House Number: 161
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C013
  • 4-Digit Zip Code: 5512
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,175,500

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 2,308,641
  • High Value: 2,662,860
  • Low Value: 1,954,422

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,900,000
  • Assessed Land Value: $725,000
  • Assessed Improvements Value: $1,175,000

    Sales

  • Current Sale Contract Date: Jun 09, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51458
  • Previous Sale Recording Date: Sep 28, 2021
  • Previous Sale Contract Date: Sep 28, 2021
  • Previous Sale Amount: $817,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wellesley

Stats & Trends

Median Asking:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

66

Average Home Size

4133 ft²

Average Home Age

48.3 years

Currently For Sale

53 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72880744

Frequently Asked Questions

When was property at 161 Cedar Street built and last sold?
The property at 161 Cedar Street was built in 2021 and last sold on Jun 9, 2022 for $2,150,000.
How much is this home worth?
The estimated value of the home located at 161 Cedar Street is $0.
What are some comparable homes to 161 Cedar Street?
There are currently no comparable homes to 161 Cedar Street.
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