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Essex
2 Charles Davis Drive
$1,340,000
● House - Off Market

2 Charles Davis Drive

Wenham, MA 01984
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,665 Ft²
$2,133,505
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Success leaves clues. This quintessential family home, with it's four bedrooms and five full baths, was also designed for entertaining. As their children grew, they enjoyed hosting team celebrations, philanthropic gatherings and intimate dinners. Upon entering, guest's eyes drifted up the double winding staircases, leading to the fire-placed master suite and three ensuite bedrooms. Gleaming hardwood floors, a chef's kitchen and abundant pantry, four fireplaces, and walls of windows to drink in the outdoors complimented their sophisticated tastes. The heated, in-ground pool brought the wonder outdoors as the fire pit teased star gazing, conversation and laughter well into the night. So much of what they worked for was at their fingertips. They clinked their glasses together. "We did this right".
Unit Size
5,665 Ft²
Days on Market
-
Land Size
1.08 acres
Price per sqft
$273
Property Type
House
Property Taxes
$2,114
HOA Dues
-
Year Built
1989

Payment Calculator

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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 #72622283)

Price History

Date / Event Date Event Price
May 22, 2020 Sold
Premium
Sold
Feb 21, 2020 Listed by Gibson Sotheby's International Realty $1,545,000
Listed by Gibson Sotheby's International Realty
May 28, 2004 Sold
Premium
Sold
Aug 13, 2003 Listed by Gibson Sotheby's International Realty $1,383,000
Listed by Gibson Sotheby's International Realty
Aug 29, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 2,870
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,958
  • Total Building Area: 5,355
  • Gross Building Area: 11,241
  • Building Area: 5,355
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,355
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001078
  • 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: 1351
  • Parcel: WENH M:41 L:18
  • Lot: 18
  • Municipality: WENHAM
  • Latitude: 42.5944
  • Longitude: -70.8365

    Address

  • Full Address: 2 Charles Davis Dr
  • Address - House Number: 2
  • Address - Street Name: Charles Davis
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1718
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,218,700

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,655,368
  • High Value: 1,909,061
  • Low Value: 1,401,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,278,800
  • Assessed Land Value: $437,600
  • Assessed Improvements Value: $841,200

    Sales

  • Current Sale Contract Date: May 13, 2020
  • Current Sale Recording Date: May 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200522002870
  • Previous Sale Recording Date: May 28, 2004
  • Previous Sale Amount: $1,300,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72622283

Frequently Asked Questions

When was property at 2 Charles Davis Drive built and last sold?
The property at 2 Charles Davis Drive was built in 1989 and last sold on May 13, 2020 for $1,340,000.
How much is this home worth?
The estimated value of the home located at 2 Charles Davis Drive is $1,572,956.
What are some comparable homes to 2 Charles Davis Drive?
There are currently no comparable homes to 2 Charles Davis Drive.
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