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Wellesley 02481
196 Cedar St
$1,330,000
● House - Off Market

196 Cedar St

Wellesley, MA 02481
bedrooms
6 Beds
bathrooms
5 Baths
square feet
4,509 Ft²
$2,531,798
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Everything you want--where you want it!  This beautiful custom-built 6 bedroom, 5 bath colonial was expertly crafted by premier builder with every amenity and attention to detail.  A spacious, open and flexible floor plan includes top-of-the-line gourmet kitchen, optional first floor bedroom with bath, 4 bedrooms on second floor including a  bright master bedroom with access to a private balcony, finished third floor ideal for playroom or au-pair-suit with large bedroom, walk-in-closet and private bath. Close to 128 and Mass Pike. Incomparable size, value and quality for the price.
Unit Size
4,509 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$309
Property Type
House
Property Taxes
$1,107
HOA Dues
-
Year Built
2006

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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 months ago (MLSPIN #71656469)

Price History

Date / Event Date Event Price
Mar 23, 2021 Sold
Premium
Sold
Jan 21, 2021 Listed by Rutledge Properties $1,685,000
Listed by Rutledge Properties
Aug 7, 2014 Sold
Premium
Sold
Apr 7, 2014 Listed by Rutledge Properties $1,395,000
Listed by Rutledge Properties
Feb 15, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • 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: 300
  • 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: 13,708
  • Total Building Area: 4,804
  • Building Area: 4,804
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,804
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000315
  • 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:011 R:011 S:
  • Municipality: WELLESLEY
  • Latitude: 42.312
  • Longitude: -71.2446

    Address

  • Full Address: 196 Cedar St
  • Address - House Number: 196
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C013
  • 4-Digit Zip Code: 5540
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,852,600

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,984,328
  • High Value: 2,288,787
  • Low Value: 1,679,869

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,618,000
  • Assessed Land Value: $706,000
  • Assessed Improvements Value: $912,000

    Sales

  • Current Sale Contract Date: Mar 23, 2021
  • Current Sale Recording Date: Mar 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38073
  • Previous Sale Recording Date: Aug 07, 2014
  • Previous Sale Amount: $1,330,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

4179 ft²

Average Home Age

46.9 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 months ago
Data Source: MLS PIN, MLS# 71656469

Frequently Asked Questions

When was property at 196 Cedar Street built and last sold?
The property at 196 Cedar Street was built in 2006 and last sold on Mar 23, 2021 for $1,636,000.
How much is this home worth?
The estimated value of the home located at 196 Cedar Street is $1,690,496.
What are some comparable homes to 196 Cedar Street?
There are currently no comparable homes to 196 Cedar Street.
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