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Stoneham 01880
8 Cherry Avenue
$400,000
● House - Off Market

8 Cherry Avenue

Stoneham, MA 02180
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,930 Ft²
$721,612
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

WOW !! REDUCED!!! SELLER SAID SELL !!! GREAT OPPORTUNITY FOR THE RIGHT PERSON to build equity.( Zestimate $456,000!! )THIS OVERSIZE QUAINT Cape style home on a Beautiful Tree line Street in Colonial Park district.  1930 sf living area , 6 rooms, 3 bedrooms and 1 Full and 1 half bath. A LARGE FAMILY ROOM WITH CATHEDRAL CEILINGS, as well as a three season CATHEDRAL ceiling porch with a deck attached. First floor laundry room.  A BEAUTIFUL 13,354 sf lot with many mature plants and flowers. This well built home has hardwood floors throughout, BRING YOUR decorating IDEAS, full bathroom is updated, kitchen is modern. A short 5 -10 min WALK  to the COMMUTER rail!!
Unit Size
1,930 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$212
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1945

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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 #71888618)

Price History

Date / Event Date Event Price
Jan 29, 2016 Sold
Premium
Sold
Aug 12, 2015 Listed by Coldwell Banker Residential Brokerage - Winchester $409,999
Listed by Coldwell Banker Residential Brokerage - Winchester

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,104
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,355
  • Total Building Area: 2,482
  • Gross Building Area: 3,388
  • Building Area: 2,482
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,482
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000307
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Stoneham School District
  • School Tax School District: STONEHAM SD
  • Census Tract: 337102

Zoning

  • Zoning: RA

Geography

  • Account Number: 48
  • District: 284
  • Parcel: STON M:01 B:000 L:143
  • Lot: 143
  • Municipality: STONEHAM
  • Latitude: 42.4824
  • Longitude: -71.0764

    Address

  • Full Address: 8 Cherry Ave
  • Address - House Number: 8
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Stoneham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1413
  • Zip Code: 02180

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $653,500

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 701,028
  • High Value: 824,310
  • Low Value: 577,747

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $617,100
  • Assessed Land Value: $370,800
  • Assessed Improvements Value: $246,300

    Sales

  • Current Sale Recording Date: Jan 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16040
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 Stoneham

Stats & Trends

Median Asking:

$749,450

Sale Price/ft²

$434

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2042 ft²

Average Home Age

78.7 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 75 Pleasant St, Stoneham, 02180

$1,500 /mo

  • Studio
  • 1 Bath
75 Pleasant St, Stoneham, 02180 Listing by Inbound Real Estate

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71888618

Frequently Asked Questions

When was property at 8 Cherry Avenue built and last sold?
The property at 8 Cherry Avenue was built in 1945 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 8 Cherry Avenue is $435,217.
What are some comparable homes to 8 Cherry Avenue?
There are currently no comparable homes to 8 Cherry Avenue.
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