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Somerville 02145 Magoun Square
288 Cedar St
Photo of 288 Cedar St
Sold on Jul 2, 2026

23

Map

Photo of 288 Cedar St
Photo of 288 Cedar St
$765,000
● House - Off Market

288 Cedar St

Somerville, MA 02145
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,230 Ft²
$4,536
Est. Monthly

About This Property

Somerville! Investors, Contractors & Flippers! 288 Cedar Street. 3 bedrooms, 1.5 bathroom Charming Cottage style home in a prime location across from Trum Field sports park. The first floor offers a living room and dining room combination with eat in kitchen with access to multi level deck overlooking an ample backyard. Off-street parking for 3 cars provides rare convenience in the city. This home is ready for your vision and updates, offering a great opportunity to customize and add value. Ideally located a short distance to the Green Line at Ball Sq, Magoun Sq, With nearby walking and bike paths, parks shops, and restaurants. Situated in RB zoning, this property or expansion conversion for investors or end users-buyer to verify all possibilities with the City of Somerville.
Unit Size
1,230 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$650
Property Type
House
Property Taxes
$612
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 months ago (MLSPIN #73483197)

Price History

Date / Event Date Event Price
Jul 2, 2026 Sold
Premium
Sold
Jun 6, 2026 In contract -
In contract
May 2, 2026 Price Decreased $799,000
↓ $51K (6%)
Price Decreased
Apr 11, 2026 Price Decreased $849,900
↓ $50K (5.6%)
Price Decreased
Mar 5, 2026 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $899,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,660
  • Total Building Area: 1,230
  • Gross Building Area: 2,420
  • Building Area: 1,230
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,230
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000061
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 350300

Zoning

  • Zoning: RB

Geography

  • Account Number: 7288062
  • District: 274
  • Parcel: SOME M:27 B:D L:5
  • Block: D
  • Lot: 5
  • Municipality: SOMERVILLE
  • Latitude: 42.398
  • Longitude: -71.1085

    Address

  • Full Address: 288 Cedar St
  • Address - House Number: 288
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C081
  • 4-Digit Zip Code: 3521
  • Zip Code: 02145

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 813,839
  • High Value: 947,445
  • Low Value: 680,232

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $667,500
  • Assessed Land Value: $360,100
  • Assessed Improvements Value: $307,400
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 Magoun Square

Stats & Trends

Median Asking:

$884,000

Sale Price/ft²

$659

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1472 ft²

Average Home Age

83 years

Currently For Sale

13 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 205 Walden St, Cambridge, MA, 02140

$2,654 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73483197

Frequently Asked Questions

When was property at 288 Cedar Street built and last sold?
The property at 288 Cedar Street was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 288 Cedar Street is $812,945.
What are some comparable homes to 288 Cedar Street?
There are currently no comparable homes to 288 Cedar Street.
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