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Wellesley 02481
88 Cedar St
$1,125,000
● House - Off Market

88 Cedar St

Wellesley, MA 02481
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,100 Ft²
$2,279,281
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

NEW CONSTRUCTION ENERGY STAR CERTIFIED HOME! This new home features 4 bed, 4 1/2 baths. The chef's kitchen with white mission style cabinets and large island that overlooks the beautiful fireplace and family room. The hardwood floors sparkle in this sun filled and polished floor plan. The large and over-sized bedrooms all have walk in closets and access to their own bathroom. With a full finished basement including a full bath this home will be a joy for its new owners. Many wonderful features including excellent commuter location, walking distance to Schofield School and adjacent to Ouellette Park.
Unit Size
4,100 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$290
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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: 6 months ago (MLSPIN #71603105)

Price History

Date / Event Date Event Price
Jan 8, 2014 Sold
Premium
Sold
Oct 31, 2013 Listed by JT Fleming & Company $1,188,800
Listed by JT Fleming & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,753
  • Total Building Area: 2,959
  • Building Area: 2,959
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,959
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wellesley School District
  • School Tax School District: WELLESLEY SD
  • Census Tract: 404100

Zoning

  • Zoning: SR10

Geography

  • Parcel: WELL M:014 R:011 S:
  • Municipality: WELLESLEY
  • Latitude: 42.3186
  • Longitude: -71.2478

    Address

  • Full Address: 88 Cedar St
  • Address - House Number: 88
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wellesley Hills
  • Carrier Code: C003
  • 4-Digit Zip Code: 3521
  • Zip Code: 02481

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,529,700

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,685,160
  • High Value: 1,972,897
  • Low Value: 1,397,423

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,336,000
  • Assessed Land Value: $768,000
  • Assessed Improvements Value: $568,000

    Sales

  • Current Sale Recording Date: Jan 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1526
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 Wellesley

Stats & Trends

Median Asking:

$2,172,500

Sale Price/ft²

$669

Below Asking

0.01%

Average Days on Market

65

Average Home Size

4306 ft²

Average Home Age

44.1 years

Currently For Sale

41 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# 71603105

Frequently Asked Questions

When was property at 88 Cedar Street built and last sold?
The property at 88 Cedar Street was built in 2013 and last sold on Jan 1, 1970 for $1,125,000.
How much is this home worth?
The estimated value of the home located at 88 Cedar Street is $1,274,523.
What are some comparable homes to 88 Cedar Street?
There are currently no comparable homes to 88 Cedar Street.
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