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Essex
118 Grapevine Road
$491,000
● House - Off Market

118 Grapevine Road

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,967 Ft²
$877,292
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

Gorgeously renovated and charming, this fantastic cape has it all!  Brand new kitchen has granite countertops, stainless steel appliances, desk area and ample space for dining or relaxing overlooking a private back yard.  Gleaming hardwood floors grace the ample living room a first floor bedroom which could also make a lovely office, serviced by a beautiful new tiled full bathroom.  There is easy access to the one car attached garage, a handy laundry/pantry set up and so much more.  The second floor has another perfectly appointed new bathroom accompanied by two bedrooms, including a very spacious master bedroom.  This wonderful home is set on just over an acre of land complete with shed and patio area in a sought after estate area with easy access to Route 128, trails, shopping and more.
Unit Size
1,967 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$254
Property Type
House
Property Taxes
$747
HOA Dues
-
Year Built
1947

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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 #71884507)

Price History

Date / Event Date Event Price
Dec 22, 2015 Sold
Premium
Sold
Aug 4, 2015 Listed by J. Barrett & Company $499,000
Listed by J. Barrett & Company
Jun 4, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,344
  • Total Building Area: 1,932
  • Gross Building Area: 2,390
  • Building Area: 1,932
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,932
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001018
  • 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: 1138
  • Parcel: WENH M:31 L:4
  • Lot: 4
  • Municipality: WENHAM
  • Latitude: 42.5959
  • Longitude: -70.8416

    Address

  • Full Address: 118 Grapevine Rd
  • Address - House Number: 118
  • Address - Street Name: Grapevine
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1703
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $996,400

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 778,399
  • High Value: 910,013
  • Low Value: 646,785

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $574,300
  • Assessed Land Value: $393,000
  • Assessed Improvements Value: $181,300

    Sales

  • Current Sale Recording Date: Dec 22, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 534
  • Previous Sale Recording Date: Jun 04, 2008
  • Previous Sale Amount: $817,705
  • 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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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: 4 months ago
Data Source: MLS PIN, MLS# 71884507

Frequently Asked Questions

When was property at 118 Grapevine Road built and last sold?
The property at 118 Grapevine Road was built in 1947 and last sold on Jan 1, 1970 for $491,000.
How much is this home worth?
The estimated value of the home located at 118 Grapevine Road is $519,203.
What are some comparable homes to 118 Grapevine Road?
There are currently no comparable homes to 118 Grapevine Road.
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