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Essex
175 Cherry Street
$460,000
● House - Off Market

175 Cherry Street

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,064 Ft²
$550,090
RealtyHop Estimate
19.61%
Since Apr 1, 2021
MA-Boston
Primary Model

About This Property

Unique double corner lot and home with expansion / renovation opportunity.  Specified as 2 lots in the original subdivision, this 3 bedroom ranch is in great Wenham location and has good bones, solid systems including central air and wood floors.  3 bedrooms, 1 bath, fireplaced living room plus expansive lower level with finished living space with additional full bathroom.  Large yard with mature landscaping and sidewalks to town. Excellent commuter access to highways and trains and located in the highly rated Hamilton Wenham school system. This home has been in the same family since it was built and is looking for its next owner.  Exciting opportunity!
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$432
Property Type
House
Property Taxes
$776
HOA Dues
-
Year Built
1953

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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 years ago (MLSPIN #72679872)

Price History

Date / Event Date Event Price
Mar 23, 2021 Sold
Premium
Sold
Jun 24, 2020 Listed by Brad Hutchinson Real Estate $459,900
Listed by Brad Hutchinson Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,149
  • Total Building Area: 1,064
  • Gross Building Area: 2,914
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • 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: 538
  • Parcel: WENH M:16 L:68
  • Lot: 68
  • Municipality: WENHAM
  • Latitude: 42.6033
  • Longitude: -70.9128

    Address

  • Full Address: 175 Cherry St
  • Address - House Number: 175
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1125
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,128,300

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 730,797
  • High Value: 848,841
  • Low Value: 612,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $650,300
  • Assessed Land Value: $442,900
  • Assessed Improvements Value: $207,400

    Sales

  • Current Sale Contract Date: Mar 22, 2021
  • Current Sale Recording Date: Mar 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210323003100
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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 years ago
Data Source: MLS PIN, MLS# 72679872

Frequently Asked Questions

When was property at 175 Cherry Street built and last sold?
The property at 175 Cherry Street was built in 1953 and last sold on Mar 22, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 175 Cherry Street is $463,687.
What are some comparable homes to 175 Cherry Street?
There are currently no comparable homes to 175 Cherry Street.
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