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Essex
176 Topsfield Rd
$560,000
● House - Off Market

176 Topsfield Rd

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$3,627
Est. Monthly

About This Property

NEW PRICE IMPROVEMENT!  Never ever judge a book by its cover or a house at first glance! This Cape may "look" small but with 1,638 sf of living space, 3 bedrooms and 2 full bathrooms, this New England classic lives large and has so much to offer its next fortunate owner. In addition to tons of potential – you can create your own dream home – this well-loved Wenham home has many system (a.k.a. "expensive) updates including 2021 Presby septic system, new windows, upgraded electric, and a recently revamped heating system plus spacious rooms within a free-flowing floor plan, good-size kitchen with a breakfast nook and large sunroom/porch with skylights and pellet stove. Bring your imagination, your aspirations and make this gem sparkle – all at an incredible price in an exceptionally desirable community!
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$351
Property Type
House
Property Taxes
$803
HOA Dues
-
Year Built
1934

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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: 6 months ago (MLSPIN #73271831)

Price History

Date / Event Date Event Price
Nov 8, 2024 Sold
Premium
Sold
Sep 28, 2024 In contract -
In contract
Sep 18, 2024 Price Decreased $575,000
↓ $24K (4%)
Price Decreased
Sep 3, 2024 Relisted $599,000
Relisted
Aug 26, 2024 Delisted -
Delisted
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 7
  • Basement Area: 700
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 1,638
  • Gross Building Area: 2,963
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • 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: 519
  • Parcel: WENH M:16 L:50
  • Lot: 50
  • Municipality: WENHAM
  • Latitude: 42.6046
  • Longitude: -70.9198

    Address

  • Full Address: 176 Topsfield Rd
  • Address - House Number: 176
  • Address - Street Name: Topsfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1201
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $975,200

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 714,951
  • High Value: 804,625
  • Low Value: 625,277

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $562,100
  • Assessed Land Value: $392,700
  • Assessed Improvements Value: $169,400
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

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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: 6 months ago
Data Source: MLS PIN, MLS# 73271831

Frequently Asked Questions

When was property at 176 Tops Field Road built and last sold?
The property at 176 Tops Field Road was built in 1934 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 176 Tops Field Road is $585,500.
What are some comparable homes to 176 Tops Field Road?
There are currently no comparable homes to 176 Tops Field Road.
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