40 Cedar Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2020 | Sold | ||
| Sold | |||
| Aug 6, 2020 | Listed by Carney Real Estate | $439,900 | |
| Listed by Carney Real Estate | |||
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Charming expanded country cottage set back from Cedar Street at the end of a private paved drive. Nature lovers delight on an acre and a half of land. Great yard for gardening. Flexible floor plan, 2 screened porches and a garage addition. Expansion possibilities. Title V certified. Peaceful private location ideal for home office yet convenient to shopping,train and highway for commuters.Nearby access to trails through The Cedar Pond Wildlife Sanctuary.
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| Jan 11, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2017 | Listed by Windhill Realty, LLC | $370,000 | |
| Listed by Windhill Realty, LLC | |||
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Do not approach w/out appt. Perfect starter home for those looking to get into the highly rated Hamilton-Wenham school system and a nature lover's dream. Walking distance to downtown Wenham, Cedar Pond and Wenham Lake, under a mile to Buker elementary school, this expanded cottage is set far back from the main road on a paved private drive. With an acre and a half wooded lot featuring beautiful yard and garden spaces, fruit trees and perennials leading to forest paths that connect with the Cedar Pond wildlife sanctuary, you have both easy access to all area amenities as well as quiet, woodland privacy. Take in the natural beauty with a fire in the living room wood stove (stove is an insert in a brick fireplace) or enjoy eating a meal in the large screened porch which could also be used for expansion. The large cathedral ceiling master bedroom was once used as an artist's studio. This unique home is ready for your updates, ideas & memories
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| Jul 23, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017