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Essex
158 Larch Row
$625,000
● Land - Off Market

158 Larch Row

Wenham, MA 01984
bedrooms
Studio
bathrooms
0 Bath
$501,365
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Rare offering of a wonderful, private acre lot complete with an approved four bedroom septic design on arguably the most scenic country road in Wenham. This property has an easement to 170+/- acres of Conservation Land w/ access to acres of trails. Property is also conveniently located close to Parks, Schools, Highway, Commuter rail and Restaurants
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #73097111)

Price History

Date / Event Date Event Price
May 1, 2023 Sold
Premium
Sold
Apr 14, 2023 In contract -
In contract
Apr 11, 2023 Listed by J. Barrett & Company $499,000
Listed by J. Barrett & Company

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 40,162
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000922
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

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

Geography

  • Account Number: 1101
  • Parcel: WENH M:29 L:12B
  • Lot: 12B
  • Municipality: WENHAM
  • Latitude: 42.5978
  • Longitude: -70.8637

    Address

  • Full Address: 158 Larch Row
  • Address - House Number: 158
  • Address - Street Name: Larch
  • Address - Suffix Type: Row
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1604
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,040,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $599,400
  • Assessed Land Value: $599,400

    Sales

  • Current Sale Contract Date: Apr 25, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230501001470
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 4 months ago
Data Source: MLS PIN, MLS# 73097111

Frequently Asked Questions

When was property at 158 Larch Row built and last sold?
The property at 158 Larch Row was built in and last sold on Apr 25, 2023 for $625,000.
How much is this home worth?
The estimated value of the home located at 158 Larch Row is $503,990.
What are some comparable homes to 158 Larch Row?
There are currently no comparable homes to 158 Larch Row.
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