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40 Cedar St, Wellesley MA 02481

Wellesley, MA 02481
$675,000
Est. $4,350/month
2
Beds
1
Baths
840
Sq Ft
$804
Price/Sq Ft
0.19
Acres
1870
Year Built
Single Family Residence
Type
79
Days on Market
Closed Listed Nov 15, 2024 • MLS# 73313042 Copied!

About this home

Attention contractors, renovators, and end-users: unlock the potential of this fixer-upper nestled in the heart of Wellesley. This property is now ready for a visionary owner to breathe new life into its classic appeal. This four-room farmhouse presents an exceptional opportunity for those eager to create their dream residence. The spacious backyard further elevates the overall appeal. Conveniently situated, this location offers easy access to top-rate schools, major highways, and a variety of shops and restaurants.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1870
Bedrooms
2
Full Bathrooms
1
Living Area
840 sq ft
Total Rooms
4

Sale Statistics

Sale Overview
Original List Price: $725,000
Final Sale Price: $675,000
Difference: $50,000 (-6.9%)
Performance Metrics
93.1%
List to Sale Ratio
Sold below asking price
79
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $863
Sale $/sq ft: $804
This property sold for $804 per square foot
Sale Summary

This property sold for 6.9% below the original asking price.

The property spent 79 days on market before selling.

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1870
Living Area 840 sq ft
Lot Size 0.19 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Forced Air, Oil
Cooling None
Flooring Wood, Vinyl, Carpet, Laminate
Appliances Water Heater
Fireplace None
Basement Full, Interior Entry, Dirt Floor, Unfinished
Laundry None
Features Sun Room

Exterior

Construction Frame
Architecture Farmhouse
Roof Shingle
Features Porch - Enclosed
Pool None
Spa None
Fencing None
Patio/Porch Porch - Enclosed

Parking

Features Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $8,840
Assessed Value $860,000

Interior Features

Flooring: Wood, Vinyl, Carpet, Laminate
Appliances: Water Heater
Interior Features: Sun Room
Windows:
Basement: Full, Interior Entry, Dirt Floor, Unfinished
Laundry:
Security:

Construction & Materials

Style: Farmhouse
Year Built: 1870
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Forced Air, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed
Patio & Porch: Porch - Enclosed
Fencing:
Other Structures:
Lot Features: Sloped
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

40 Cedar St, Wellesley MA 02481

Wellesley, MA 02481

Walkability

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Nearby Schools

School District
Wellesley School District local
A+
🎓 Where Graduates Go Class of 2021
81% attend college
78% 4-Year 3% 2-Year 56% Out of State 2% Working
✓ School Safety 2024-25
0.3% Low
0.3% Suspensions 0.5% In-School
↓ 5.2% below state avg
E

Elementary Schools

10 schools
St. John the Evangelist School
0.6 mi
Grades PK-06
Star Academy Boston (Wellesley Campus)
2.5 mi
Grades PK-12
Tenacre Country Day School
2.9 mi
Grades PK-06
A
Schofield School
0.1 mi | #141 of 824 | Score: 57.4
Dropped 77 spots from last year
-0.9 below state avg
291 students Diverse
Strong Attendance
Grades K-05
Preschool at Wellesley Schools
0.5 mi
87 students Diverse
Diverse Student Body
Grades PK
A+
Joseph E Fiske School
0.6 mi | #32 of 824 | Score: 63.6
Improved 28 spots from last year
+5.4 above state avg
278 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
A
Sprague Elementary School
2.6 mi | #165 of 824 | Score: 56.3
Dropped 129 spots from last year
-1.9 below state avg
289 students Diverse
Diverse Student Body
Grades K-05
A
Hunnewell School
2.7 mi | #162 of 824 | Score: 56.6
Dropped 73 spots from last year
-1.6 below state avg
294 students Moderate
Strong Attendance
Grades K-05
A
Katharine Lee Bates School
2.9 mi | #119 of 824 | Score: 58.1
Dropped 114 spots from last year
-0.2 below state avg
286 students Moderate
Strong Attendance
Grades K-05
A+
John D Hardy School
3.2 mi | #51 of 824 | Score: 62.2
Dropped 23 spots from last year
+4 above state avg
280 students Diverse
Diverse Student Body Strong Attendance
Grades K-05
M

Middle Schools

1 school
A+
Wellesley Middle School
2.3 mi | #7 of 352 | Score: 64.5
Same rank as last year
+6.3 above state avg
919 students Diverse
Strong Attendance
Grades 06-08
H

High Schools

3 schools
Dana Hall School
2.8 mi
Grades 06-12
A+
Wellesley Sr High School
2.0 mi | #28 of 346 | Score: 71.3
Improved 63 spots from last year
+13.1 above state avg
1,262 students Diverse
20 sports • 2,762 athletes
Strong AP Program High Graduation Rate Rising School Strong Athletics
Grades 09-12
North American Hockey Academy
3.6 mi
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $737
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

6.9%
Price Range
80
Total Days on Market

Property Timeline

✓
Sold
Mar 10, 2025
$675,000
Property sold
Days on Market: 80
🏠
Listed for Sale
Nov 15, 2024
$725,000
Original listing
Agent: Krongel & Paul Office: Hammond Residential Real Estate

Price & Status History

Date Event Price Change
Nov 15, 2024 New Listing Added $725,000 —

Market Statistics

Days on Market
79 days
Price per Sq Ft
$804

Tax History

Year Taxes Assessment
2025 $8,840 $860,000

Financial Details

Annual Property Tax
$8,840
Tax Year 2025
Assessed Value
$860,000

Listing Information

Listing Office Hammond Residential Real Estate
Agent MLS ID TM303316
Office MLS ID AN3108
Listing Data Updated Mar 13, 2025 4:09 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Wellesley, MA

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BMN Boston Real Estate

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