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Malden 02148 Maplewood
196 Cherry St
$493,000
● House - Off Market

196 Cherry St

Malden, MA 02148
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,346 Ft²
$590,978
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Beautifully updated colonial in desirable neighborhood! The open living room and dining room are flooded with natural light and adorned with crown molding. Kitchen features new granite countertops and stainless steel appliances. A glass slider leads out to the expansive covered deck, overlooking the generous private yard. The second level boasts two sunlit bedrooms, complete with hardwood floors and ceiling fans, plus a bonus room, and a large balcony off the back of the home. A full tiled bath is found on each floor. Plenty of storage, with walk-up attic, full basement, and parking for 2. Brand new roof as of May 2018. Close to parks and public transit, a perfect place to call home!
Unit Size
1,346 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$296
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1910

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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: 4 months ago (MLSPIN #72336104)

Price History

Date / Event Date Event Price
Jun 27, 2018 Sold
Premium
Sold
May 30, 2018 Listed by Redfin Corp. $399,000
Listed by Redfin Corp.
Sep 20, 2007 Sold
Premium
Sold
May 11, 2007 Listed by Redfin Corp. $326,000
Listed by Redfin Corp.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 598
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,535
  • Total Building Area: 1,346
  • Gross Building Area: 2,793
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000104
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341600

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:109 B:780 L:040
  • Block: 780
  • Lot: 40
  • Municipality: MALDEN
  • Latitude: 42.4387
  • Longitude: -71.0555

    Address

  • Full Address: 196 Cherry St
  • Address - House Number: 196
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Malden
  • Carrier Code: C034
  • 4-Digit Zip Code: 1619
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $691,600

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 726,312
  • High Value: 841,969
  • Low Value: 610,654

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $591,600
  • Assessed Land Value: $293,200
  • Assessed Improvements Value: $298,400

    Sales

  • Current Sale Recording Date: Jun 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92985
  • Previous Sale Recording Date: Sep 20, 2007
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 27
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 Maplewood

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$412

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2484 ft²

Average Home Age

96.7 years

Currently For Sale

33 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

Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72336104

Frequently Asked Questions

When was property at 196 Cherry Street built and last sold?
The property at 196 Cherry Street was built in 1910 and last sold on Jan 1, 1970 for $493,000.
How much is this home worth?
The estimated value of the home located at 196 Cherry Street is $414,384.
What are some comparable homes to 196 Cherry Street?
There are currently no comparable homes to 196 Cherry Street.
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