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Newton 02465 West Newton
57 Cherry Place
$710,000
● House - Off Market

57 Cherry Place

Newton, MA 02465
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,561 Ft²
$1,047,030
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

Attention Contractors, Builders & Developers -  Antique Colonial single family home with farmer's porch in need of extensive renovations or possibly tear down and rebuild.  Nice level lot needing landscaping. Property & systems being sold in "as is" condition. Buyers and Buyer Agents to perform due diligence. Recent water in basement due to leaking or broken pipe. This is an Estate Sale subject to receiving License to Sell. Masks and gloves required on all parties entering the property. Please drive by and walk around property
Unit Size
1,561 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$529
Property Type
House
Property Taxes
$705
HOA Dues
-
Year Built
2021

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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 #72661818)

Price History

Date / Event Date Event Price
Dec 11, 2020 Sold
Premium
Sold
May 26, 2020 Listed by Leading Edge Real Estate $825,000
Listed by Leading Edge Real Estate
Apr 18, 2001 Sold
Premium
Sold
Feb 9, 2001 Listed by Leading Edge Real Estate $465,000
Listed by Leading Edge Real Estate
Dec 29, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 21
  • Exterior Walls Type: 23
  • 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: 826
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,363
  • Total Building Area: 3,010
  • Gross Building Area: 5,654
  • Building Area: 3,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,010
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • 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: 34031 0016
  • District: 207
  • Parcel: NEWT S:34 B:031 L:0016
  • Block: 31
  • Lot: 16
  • Municipality: NEWTON
  • Latitude: 42.3568
  • Longitude: -71.2305

    Address

  • Full Address: 57 Cherry Pl
  • Address - House Number: 57
  • Address - Street Name: Cherry
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: West Newton
  • Carrier Code: C009
  • 4-Digit Zip Code: 1505
  • Zip Code: 02465

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,982,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,870,707
  • High Value: 2,200,041
  • Low Value: 1,541,372

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,031,300
  • Assessed Land Value: $844,800
  • Assessed Improvements Value: $1,186,500

    Sales

  • Current Sale Contract Date: Oct 08, 2020
  • Current Sale Recording Date: Dec 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1863715
  • Previous Sale Recording Date: Apr 18, 2001
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 48
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 237 Moody St., Waltham, MA, 02453

$2,975 /mo

  • 1 Bed
  • 1 Bath
  • 912 ft²
237 Moody St. #1 Bedroom P, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 70 Hope Ave, Waltham, MA, 02453

$3,288 /mo

  • 2 Beds
  • 2 Baths
  • 1,217 ft²
70 Hope Ave #Winchester, 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# 72661818

Frequently Asked Questions

When was property at 57 Cherry Place built and last sold?
The property at 57 Cherry Place was built in 2021 and last sold on Oct 8, 2020 for $692,250.
How much is this home worth?
The estimated value of the home located at 57 Cherry Place is $821,211.
What are some comparable homes to 57 Cherry Place?
There are currently no comparable homes to 57 Cherry Place.
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