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Essex
1 Ramona Way
Photo of 1 Ramona Way
Sold on Jun 28, 2006

1

Map

$962,500
● House - Off Market

1 Ramona Way

Wenham, MA 01984
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,634 Ft²
$1,791,716
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

Inviting custom-built expanded cape with contemporary flair sits on manicured private grounds. Antique brick walls in kitchen, family room and master bedroom capture sun's warmth through Velox thermal pane cedar skylights in winter months. Lovely inground pool, irrigation system fed by private well. Wetbar in family room, alcove in master bedroom. New (1 yr) septic approved for 6 bedrooms. Viessmann boiler, hot water heater installed in 2000. A special property!!!
Unit Size
3,634 Ft²
Days on Market
-
Land Size
1.91 acres
Price per sqft
$274
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
1982

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #70272391)

Price History

Date / Event Date Event Price
Jan 8, 2021 Sold
Premium
Sold
Jul 29, 2020 Listed $1,290,000
Listed
Jun 28, 2006 Sold
Premium
Sold
Sep 19, 2005 Listed $995,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 1,433
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 83,112
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,048
  • Gross Building Area: 5,067
  • Building Area: 4,048
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001908
  • 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: 648
  • Parcel: WENH M:18 L:3E
  • Lot: 3E
  • Municipality: WENHAM
  • Latitude: 42.6034
  • Longitude: -70.8951

    Address

  • Full Address: 1 Ramona Way
  • Address - House Number: 1
  • Address - Street Name: Ramona
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Wenham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1500
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,099,000

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,537,114
  • High Value: 1,782,754
  • Low Value: 1,291,475

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,209,800
  • Assessed Land Value: $431,200
  • Assessed Improvements Value: $778,600

    Sales

  • Current Sale Contract Date: Jan 06, 2021
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210108008560
  • Previous Sale Recording Date: Jun 28, 2006
  • Previous Sale Amount: $962,500
  • Previous Sale Document Type: 27
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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70272391

Frequently Asked Questions

When was property at 1 Ramona Way built and last sold?
The property at 1 Ramona Way was built in 1982 and last sold on Jan 6, 2021 for $1,290,000.
How much is this home worth?
The estimated value of the home located at 1 Ramona Way is $1,300,295.
What are some comparable homes to 1 Ramona Way?
There are currently no comparable homes to 1 Ramona Way.
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