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Essex
11 Meridian Rd
$730,000
● House - Off Market

11 Meridian Rd

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$711,399
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

This expanded Cape located in a charming Wenham neighborhood boasts 3 bedrooms, 2 bathrooms in 1864 sq/ft of living space. The updated kitchen features quartz countertops and stainless steel appliances. The flexible sunroom could serve as a home office for remote workers or an out of sight playroom. The fenced yard, with its paver patio and playground, is an ideal entertaining space. Located near beautiful parks, and trails,. Easy access to Routes 1, 128, and 95. Offers if any due on Monday February 13 at 4pm.
Unit Size
1,864 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$375
Property Type
House
Property Taxes
$908
HOA Dues
-
Year Built
1955

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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: 5 months ago (MLSPIN #73077038)

Price History

Date / Event Date Event Price
Apr 5, 2023 Sold
Premium
Sold
Feb 20, 2023 In contract -
In contract
Feb 7, 2023 Listed by The Proper Nest Real Estate $699,000
Listed by The Proper Nest Real Estate
Jan 12, 2018 Sold
Premium
Sold
Nov 17, 2017 Listed by The Proper Nest Real Estate $489,900
Listed by The Proper Nest Real Estate
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,764
  • Gross Building Area: 3,748
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • 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: 505
  • Parcel: WENH M:16 L:36
  • Lot: 36
  • Municipality: WENHAM
  • Latitude: 42.603
  • Longitude: -70.9216

    Address

  • Full Address: 11 Meridian Rd
  • Address - House Number: 11
  • Address - Street Name: Meridian
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1218
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,089,100

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 779,240
  • High Value: 898,841
  • Low Value: 659,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $627,700
  • Assessed Land Value: $388,000
  • Assessed Improvements Value: $239,700

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: Apr 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 643417
  • Previous Sale Recording Date: Jan 12, 2018
  • Previous Sale Contract Date: Jan 09, 2018
  • Previous Sale Amount: $490,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2549 ft²

Average Home Age

72.4 years

Currently For Sale

1448 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: 5 months ago
Data Source: MLS PIN, MLS# 73077038

Frequently Asked Questions

When was property at 11 Meridian Road built and last sold?
The property at 11 Meridian Road was built in 1955 and last sold on Apr 5, 2023 for $730,000.
How much is this home worth?
The estimated value of the home located at 11 Meridian Road is $698,169.
What are some comparable homes to 11 Meridian Road?
There are currently no comparable homes to 11 Meridian Road.
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