$1,235,000
●
Condo -
Off Market
229 Cedar St #A
Somerville, MA 02145
2 Beds
2 Baths
1,713 Ft²
$7,491
Est. Monthly
$506
HOA / Fees
About This Property
OPEN HOUSE CANCELED with an accepted offer!! This modern
oasis boasts unparalleled access to everything Somerville has to
offer. Situated near the scenic Bike Path, the convenience of
access to the T (Davis Red Line/ Ball & Magoun Square Green Line),
this location is unbeatable. Be greeted by gleaming stained oak
flooring and soaring high ceilings that create a light and airy
feel. Unwind on your private deck or entertain guests on your
balcony, both offering tranquil escapes. The thoughtful layout
features a walk-in closet and a separate study, perfect for working
from home or creating a dedicated hobby space. Customized motor
shades throughout and comes with two dedicated parking spots – one
heated garage space and one off-street parking space. Don't miss
your chance to live in the heart of it all!
Unit Size
1,713 Ft²
Days on Market
-
Land Size
-
Price per sqft
$727
Property Type
Condo
Property Taxes
$872
HOA Dues
$506
Year Built
-
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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: 6 months ago (MLSPIN #73261637)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Relisted | $1,245,000 | |
| Relisted | |||
| Jul 17, 2024 | In contract | - | |
| In contract | |||
| Jul 9, 2024 | Listed by Redfin Corp. | $1,245,000 | |
| Listed by Redfin Corp. | |||
| | |||
|
OPEN HOUSE CANCELED with an accepted offer!! This modern oasis boasts unparalleled access to everything Somerville has to offer. Situated near the scenic Bike Path, the convenience of access to the T (Davis Red Line/ Ball & Magoun Square Green Line), this location is unbeatable. Be greeted by gleaming stained oak flooring and soaring high ceilings that create a light and airy feel. Unwind on your private deck or entertain guests on your balcony, both offering tranquil escapes. The thoughtful layout features a walk-in closet and a separate study, perfect for working from home or creating a dedicated hobby space. Customized motor shades throughout and comes with two dedicated parking spots – one heated garage space and one off-street parking space. Don't miss your chance to live in the heart of it all!
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Detached, Garage Door Opener, Off Street, Under
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range Hood, Cooktop, Oven, Water Treatment
Flooring Type: Hardwood
Door Features: Insulated Doors
Laundry Features: In Unit
Rooms: 5
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1713
Square Footage Source: $0
Year Built Source: Owner
Year Built: 2019
Building Area Total: 1713
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Stone
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $994,200
Tax Annual Amount: $10,459
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $506
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/09/2024
|
2 Bed
|
2 Bath
|
1713 ft²
|
$1,245,000
2 Bed
2 Bath
1713 ft²
|
$1,235,000
-0.80%
09/05/2024
|
Benjamin Leavitt
NextGen Realty, Inc.
| |
|
06/07/2023
|
2 Bed
|
3 Bath
|
2098 ft²
|
$1,099,000
2 Bed
3 Bath
2098 ft²
|
$1,050,000
-4.46%
08/18/2023
|
Jack Lister
Berkshire Hathaway HomeServices Verani Realty
| |
|
06/07/2019
|
2 Bed
|
3 Bath
|
1717 ft²
|
$895,000
2 Bed
3 Bath
1717 ft²
|
$890,000
-0.56%
12/09/2019
|
Kevin McDermott
RE/MAX Destiny
| |
|
06/07/2019
|
2 Bed
|
2 Bath
|
1630 ft²
|
$985,000
2 Bed
2 Bath
1630 ft²
|
$985,000
03/02/2020
|
Kevin McDermott
RE/MAX Destiny
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017