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Russell 01071
55 Cedar Terrace
$175,000
● House - Off Market

55 Cedar Terrace

Russell, MA 01071
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,318 Ft²
$295,724
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model

About This Property

Less than 20 minutes from I-90 in the center of Russell, this sweet home is a great opportunity for a first time home buyer.  Located on a quiet dead end street minutes from the market and library, visitors are first greeted by a small neat yard, thoughtfully maintained.  A covered carport and one car garage connect to the main home via breezeway with large sliding doors at each end and fireplace at center.  Inside, the main room looks to the street through large windows.  The kitchen area leads to a rear raised deck.  The layout also includes three bedrooms and a large bath with hardwood throughout. A full dry basement with high ceilings and wood stove provide excellent storage or potential for expanded living area.
Unit Size
1,318 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$140
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #72153468)

Price History

Date / Event Date Event Price
Jan 22, 2021 Sold
Premium
Sold
Oct 9, 2020 Listed by Maple and Main Realty, LLC $185,000
Listed by Maple and Main Realty, LLC
Jul 14, 2017 Sold
Premium
Sold
Apr 26, 2017 Listed by Maple and Main Realty, LLC $185,000
Listed by Maple and Main Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,000
  • Total Building Area: 1,318
  • Gross Building Area: 3,307
  • Building Area: 1,318
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,318
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gateway School District
  • Census Tract: 813002

Geography

  • Parcel: RUSS M:0015 B:0008 L:0008
  • Block: 8
  • Lot: 8
  • Municipality: RUSSELL
  • Latitude: 42.1936
  • Longitude: -72.8578

    Address

  • Full Address: 55 Cedar Ter
  • Address - House Number: 55
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Russell
  • Carrier Code: R777
  • 4-Digit Zip Code: 9536
  • Zip Code: 01071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $333,300

    Appraisal Valuation

  • Standard Deviation: 0.2154
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 238,830
  • High Value: 290,274
  • Low Value: 187,385

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $179,200
  • Assessed Land Value: $62,900
  • Assessed Improvements Value: $116,300

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Jan 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4849
  • Previous Sale Recording Date: Jul 14, 2017
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71
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 Russell

Stats & Trends

Median Asking:

$309,000

Sale Price/ft²

$260

Above Asking

0.00%

Average Days on Market

63

Average Home Size

1824 ft²

Average Home Age

87.5 years

Currently For Sale

2 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72153468

Frequently Asked Questions

When was property at 55 Cedar Terrace built and last sold?
The property at 55 Cedar Terrace was built in 1960 and last sold on Jan 14, 2021 for $175,000.
How much is this home worth?
The estimated value of the home located at 55 Cedar Terrace is $190,528.
What are some comparable homes to 55 Cedar Terrace?
There are currently no comparable homes to 55 Cedar Terrace.
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