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Newton 02465 West Newton
243 Cherry Street
$635,000
● House - Off Market

243 Cherry Street

Newton, MA 02465
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,945 Ft²
$1,152,598
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Located in the Village of West Newton this 4 bedroom, 1 1/2 bath home has the charm and character of an older home with the updates of modern living. Features include a gracious foyer, a spacious eat in kitchen with breakfast bar and gas cooking, living room with bowed windows and access to back yard, 3 well proportioned bedrooms on the second floor and 1 large open bedroom on the 3rd floor.  The home also offers high ceilings, hardwood floors and central air.  Easy access to express bus, commuter rail, elementary school and park.
Unit Size
1,945 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$326
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1877

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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 #71661966)

Price History

Date / Event Date Event Price
Jun 26, 2014 Sold
Premium
Sold
Apr 16, 2014 Listed by William Raveis R.E. & Home Services $635,000
Listed by William Raveis R.E. & Home Services
Dec 30, 2005 Sold
Premium
Sold
Aug 29, 2005 Listed by William Raveis R.E. & Home Services $595,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1877
  • Effective Year Built: 1877
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 732
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,092
  • Total Building Area: 1,594
  • Gross Building Area: 3,190
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374600

Zoning

  • Zoning: SR3

Geography

  • Account Number: 33036 0010
  • District: 207
  • Parcel: NEWT S:33 B:036 L:0010
  • Block: 36
  • Lot: 10
  • Municipality: NEWTON
  • Latitude: 42.356
  • Longitude: -71.2282

    Address

  • Full Address: 243 Cherry St
  • Address - House Number: 243
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: West Newton
  • Carrier Code: C019
  • 4-Digit Zip Code: 1607
  • Zip Code: 02465

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $797,200

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 1,088,948
  • High Value: 1,334,369
  • Low Value: 843,528

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $816,800
  • Assessed Land Value: $642,600
  • Assessed Improvements Value: $174,200

    Sales

  • Current Sale Recording Date: Jun 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87845
  • Previous Sale Recording Date: Dec 30, 2005
  • Previous Sale Amount: $590,000
  • 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 West Newton

Stats & Trends

Median Asking:

$1,299,000

Sale Price/ft²

$594

Below Asking

0.02%

Average Days on Market

65

Average Home Size

3758 ft²

Average Home Age

57.4 years

Currently For Sale

30 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 70 Hope Ave, Waltham, MA, 02453

$3,670 /mo

  • 2 Beds
  • 2 Baths
  • 1,213 ft²
70 Hope Ave #Hampton, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 237 Moody St., Waltham, MA, 02453

$3,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,246 ft²
237 Moody St. #2 Bedrooms X, Waltham, MA, 02453 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71661966

Frequently Asked Questions

When was property at 243 Cherry Street built and last sold?
The property at 243 Cherry Street was built in 1877 and last sold on Jan 1, 1970 for $635,000.
How much is this home worth?
The estimated value of the home located at 243 Cherry Street is $668,776.
What are some comparable homes to 243 Cherry Street?
There are currently no comparable homes to 243 Cherry Street.
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