Cedar Heights Condos in Norwalk, CT

Address: 47 Cedar Street, Norwalk, CT
Total Units: 21
Year Built: 1989
Bedrooms: 1 and 2 bedroom units
Price Range (MLS history): $140,000 – $322,000
Median Sale Price: $221,000 (11 MLS sales)
HOA Fee: From $269/month (recent sales show $275–$300/month)
Property Tax: From $2,412/year (recent sales show $3,132–$4,782/year)

Cedar Heights Condos for Sale

Cedar Heights is a 21-unit condominium building, and at that size, active inventory is limited at almost any given moment. Turnover has been modest, with 11 recorded MLS sales spanning 2019 through late 2025. In the broader Norwalk CT real estate market, condominium inventory contracted roughly 10.6% in early 2025 compared to the prior year, which means small buildings like Cedar Heights see genuine competition when a unit does come to market. If you are watching this address specifically, availability can change quickly. Contact The Engel Team directly for current listings and off-market leads at Cedar Heights.

Recently Sold at Cedar Heights

Eleven sales on record give buyers a solid baseline for pricing at Cedar Heights. The most recent transactions reflect a meaningful move upward from the building’s earlier trading range. APT 19 closed at $322,000 in October 2025, and APT 1 closed at $290,000 in November 2025, both 2-bedroom, 2-bath units. Unit 2, a 2-bed, 1-bath at 1,138 square feet, closed at $295,000 in December 2024 and represented the largest recorded unit in the dataset. Three additional 2-bedroom sales in mid-2024 clustered between $290,000 and $299,000, all in the 908 square foot range.

Earlier sales tell a different story. The same floorplan that traded at $290,000–$299,000 in 2024 sold for $215,000–$221,000 in 2021 and 2022. A 1-bedroom unit at 609 square feet sold for $199,900 in August 2021 and only $140,000 in November 2019. That $140,000 sale now looks like an outlier at the bottom of a cycle. Across all 11 sales, the median sale price was $221,000 and the median price per square foot came in near $259. The 2024–2025 transactions suggest the building has traded closer to $310–$340 per square foot at current market conditions. Buyers evaluating Cedar Heights against other Norwalk CT condos should weight the 2025 comps most heavily and treat anything pre-2023 as context, not current value.

About Cedar Heights

Cedar Heights is a 21-unit condominium building at 47 Cedar Street in Norwalk, CT, built in 1989. At 21 units, this is a small, self-contained building rather than a large complex with multiple structures or phases. That scale affects everything: reserve fund dynamics, special assessment exposure, and the ratio of owner-occupants to renters all behave differently in a 21-unit building than they do in a 100-unit development. The building was constructed during a period when Norwalk’s residential condominium stock was expanding, and units reflect the construction standards and layout conventions of that era. Cedar Heights sits well below the Norwalk-wide median sale price of $660,000 across all property types, positioning it as one of the more accessible condominium options in the city for buyers working within a sub-$350,000 budget.

Homes and Layouts at Cedar Heights

Cedar Heights offers 1-bedroom and 2-bedroom apartment-style units. The size range across recorded sales runs from 609 square feet for 1-bedroom layouts up to 1,138 square feet for the larger 2-bedroom configurations. The most common footprint in the sales record is the 908 square foot 2-bedroom, which appears in five of the eleven recorded transactions. A 928 square foot 2-bedroom also appears frequently, with four sales logged. The 844 square foot 2-bedroom is less common, with two sales recorded. The 1-bedroom units at 609 square feet represent the building’s entry-level floorplan and have traded at meaningfully lower prices than the 2-bedroom units. Bath counts vary by unit: some 2-bedroom units carry two baths, others have one. Buyers should confirm the specific bath count and layout before submitting an offer, as that distinction affects both livability and resale positioning within the building.

What Buyers Need to Know

HOA fees at Cedar Heights have risen over the building’s sales history. The earliest sales on record show monthly fees as low as $149 and $179. By 2022, fees were consistently $269/month. The two most recent 2025 closings show HOA fees of $275 and $300 per month. Buyers should request the current HOA budget, reserve fund balance, and the last two years of meeting minutes before going to contract. For a 21-unit building built in 1989, the reserve fund adequacy is a critical due diligence item. Buildings of this age and size sometimes carry deferred maintenance or face near-term assessments for roof, mechanical systems, or common-area updates. Ask specifically whether any special assessments are currently approved, pending, or under discussion.

Property taxes across recent sales range from $3,132 to $4,782 per year. The variation reflects both unit size differences and the timing of Norwalk’s assessment cycles, so buyers should verify the current assessed value and tax bill for the specific unit under consideration rather than relying on a neighboring unit’s tax history.

Rental and pet policies, owner-occupancy ratios, and resale package requirements are not publicly documented in the MLS data available for this building. Any buyer seeking conventional financing should confirm the building’s owner-occupancy ratio with their lender early in the process, as Fannie Mae and Freddie Mac guidelines apply strict thresholds to small condominium associations. Resale certificate and association disclosure requirements under Connecticut law must be satisfied before closing, and buyers should request those documents promptly once under contract. Resale value at Cedar Heights has shown consistent appreciation from the 2019–2021 low-water mark through 2025, but the Norwalk condominium market has shown some softening in median prices in the most recent six-month period, which is worth factoring into any offer strategy.

Buying or Selling at Cedar Heights

With only 21 units and roughly one or two sales per year in a strong market, pricing a Cedar Heights unit correctly requires tight analysis of the specific floorplan, bath count, condition, and floor position. The gap between a well-priced 2-bed, 2-bath in move-in condition and an outdated 2-bed, 1-bath is real at this building, as the sales record shows. Sellers who price against the top of the range without accounting for those distinctions will sit. Buyers who ignore them will overpay.

The Engel Team tracks Norwalk homes for sale across all price points and property types, including buildings like Cedar Heights where off-market awareness matters as much as active MLS inventory. If you are considering a purchase here, we can provide a unit-specific comp analysis using the full 11-sale dataset and current market context. If you own at Cedar Heights and are thinking about selling, we can tell you exactly where your unit sits in the current range and what preparation, if any, would move the needle on your final price. Reach out to The Engel Team for a direct conversation.

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