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Essex
1 Miles River Lane
$410,000
● Land - Off Market

1 Miles River Lane

Wenham, MA 01984
bedrooms
Studio
bathrooms
0 Bath
$654,388
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Beautiful land in exclusive Wenham location!  This is an  Estate setting  on 7.86 Acres with extreme privacy.  The parcel is set back on a newly constructed road. Underground electric.  This is one of only 2 lots on Miles River Lane in Wenham. Surrounded by nature and conservation land this presents a rare and wonderful opportunity to build your dream home. Potential builder tie in available. Call today to schedule your showing - this is a wonderful opportunity for you!
Unit Size
-
Days on Market
-
Land Size
7.86 acres
Price per sqft
-
Property Type
Land
Property Taxes
$340
HOA Dues
-
Year Built
2018

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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 #72116544)

Price History

Date / Event Date Event Price
Sep 18, 2017 Sold
Premium
Sold
Feb 6, 2017 Listed by Keller Williams Realty Evolution $419,900
Listed by Keller Williams Realty Evolution
Mar 11, 2015 Sold
Premium
Sold
Jan 12, 2015 Listed by Keller Williams Realty Evolution $200,000
Listed by Keller Williams Realty Evolution

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,606
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 349,613
  • Total Building Area: 4,792
  • Gross Building Area: 8,134
  • Building Area: 4,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,792
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000008026
  • 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: 1337
  • Parcel: WENH M:41 L:4
  • Lot: 4
  • Municipality: WENHAM
  • Latitude: 42.5918
  • Longitude: -70.8413

    Address

  • Full Address: 1 Miles River Ln
  • Address - House Number: 1
  • Address - Street Name: Miles River
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 0010
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,226,000

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 67
  • Final Value: 468,210
  • High Value: 543,273
  • Low Value: 393,146

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,283,000
  • Assessed Land Value: $591,900
  • Assessed Improvements Value: $691,100

    Sales

  • Current Sale Recording Date: Sep 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 326
  • Previous Sale Recording Date: Mar 11, 2015
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: O
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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72116544

Frequently Asked Questions

When was property at 1 Miles River Lane built and last sold?
The property at 1 Miles River Lane was built in 2018 and last sold on Jan 1, 1970 for $410,000.
How much is this home worth?
The estimated value of the home located at 1 Miles River Lane is $424,099.
What are some comparable homes to 1 Miles River Lane?
There are currently no comparable homes to 1 Miles River Lane.
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