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Essex
1 Burley Street
$575,000
● House - Off Market

1 Burley Street

Wenham, MA 01984
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,882 Ft²
$856,957
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

A rare combination of casual elegance, versatile design and high quality craftsmanship, this beautiful home has been well cared for by the same owners for the last 60 years. Sited on over an acre of land and surrounded by mature trees and perennial plantings, this property offers an abundance of private backyard space, as well as a two car garage and ample off street parking. The home features a spacious and open concept family room with wood burning stove, a lovely and sun-filled dining room and a separate and sprawling living room with wood-burning fireplace. Four bedrooms, one full bath, and one half bath completes this offering. An ideal opportunity to own a property that offers rest and recreation, all while being conveniently located just 25 miles north of Boston.
Unit Size
1,882 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$318
Property Type
House
Property Taxes
$643
HOA Dues
-
Year Built
1956

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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 #72489294)

Price History

Date / Event Date Event Price
Aug 16, 2019 Sold
Premium
Sold
Apr 26, 2019 Listed by Engel & Volkers By the Sea $599,000
Listed by Engel & Volkers By the Sea

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,541
  • Total Building Area: 1,882
  • Gross Building Area: 2,938
  • Building Area: 1,882
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,882
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001298
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hamilton-Wenham School District
  • School Tax School District: HAMILTN-WENHAM
  • Census Tract: 216100

Geography

  • Account Number: 932
  • Parcel: WENH M:23 L:24
  • Lot: 24
  • Municipality: WENHAM
  • Latitude: 42.598
  • Longitude: -70.9252

    Address

  • Full Address: 1 Burley St
  • Address - House Number: 1
  • Address - Street Name: Burley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1904
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,202,200

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 947,608
  • High Value: 1,127,388
  • Low Value: 767,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $692,900
  • Assessed Land Value: $443,800
  • Assessed Improvements Value: $249,100

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190816001350
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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2488 ft²

Average Home Age

73.5 years

Currently For Sale

1420 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# 72489294

Frequently Asked Questions

When was property at 1 Burley Street built and last sold?
The property at 1 Burley Street was built in 1956 and last sold on Aug 6, 2019 for $575,000.
How much is this home worth?
The estimated value of the home located at 1 Burley Street is $608,883.
What are some comparable homes to 1 Burley Street?
There are currently no comparable homes to 1 Burley Street.
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