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Essex
162 Cherry Street
$850,000
● House - Off Market

162 Cherry Street

Wenham, MA 01984
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,000 Ft²
$5,849
Est. Monthly

About This Property

The Newman-Fiske-Dodge House, standing since 1658, is a historic landmark in Wenham.  This home is well-maintained and unique with features like a spacious barn suitable for cars, storage, and gatherings.  The property has three driveways ensuring ample parking.  Inside, oak wooden beams accent the living, dining, and library rooms.  The home includes five fireplaces surrounded by paneled walls in key rooms.  A bright third-floor room offers flexibility as an office, playrooom or additional bedroom, complete with built-in cabinets.  Central Air and 20kw Generator also included.  Discover the enduring appeal of this antique home.  An added bonus of a 3 room in-law on the first floor with separate entrance and separate driveway.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
2.09 acres
Price per sqft
$231
Property Type
House
Property Taxes
$1,307
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 #73167489)

Price History

Date / Event Date Event Price
Apr 30, 2024 Sold
Premium
Sold
Mar 3, 2024 In contract -
In contract
Feb 7, 2024 Relisted $925,000
Relisted
Jan 31, 2024 In contract -
In contract
Oct 6, 2023 Listed by J. Barrett & Company $925,000
Listed by J. Barrett & Company
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Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 566
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 90,953
  • Total Building Area: 3,388
  • Gross Building Area: 4,034
  • Building Area: 3,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,388
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HELEN W ERHARD TRUST
  • Land Acres: 0000002088
  • 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: 631
  • Parcel: WENH M:17 L:25
  • Lot: 25
  • Municipality: WENHAM
  • Latitude: 42.604
  • Longitude: -70.9115

    Address

  • Full Address: 162 Cherry St
  • Address - House Number: 162
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1102
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,198,200

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 897,873
  • High Value: 969,426
  • Low Value: 826,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $690,600
  • Assessed Land Value: $434,200
  • Assessed Improvements Value: $256,400

    Sales

  • Current Sale Recording Date: Jun 23, 1989
  • Current Sale Price:
    Premium
  • Current 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 73167489

Frequently Asked Questions

When was property at 162 Cherry Street built and last sold?
The property at 162 Cherry Street was built in and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 162 Cherry Street is $934,250.
What are some comparable homes to 162 Cherry Street?
There are currently no comparable homes to 162 Cherry Street.
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