2 Danes Way
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 13, 2024 | Listed by LandVest, Inc., Manchester -by-the-Sea | $2,050,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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A truly special property situated in an idyllic setting on 7± acres on bucolic Danes Way, a private Lane in Wenham with only three other homes on the street. This Post & Beam style home was built in 1984 and has been renovated & expanded with the addition of professional landscaping. Many wonderful attributes include wide Pine floors, exposed beams, the addition of a fireplaced living room with access to a screen porch, second floor primary bedroom suite, new chef’s kitchen with radiant heat, and second floor laundry. The third level was renovated to include space for guests and an expansive playroom perfect for kids. Offering lots of wonderful charm & space, this home is the perfect retreat with direct access to the Gordon College trail network for hiking, biking, and ponds for skating in the winter. Conveniently located near the commuter rail, highway access, beaches, and highly rated schools.
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| May 10, 2005 | Sold | ||
| Sold | |||
| Jan 29, 2005 | Listed by LandVest, Inc., Manchester -by-the-Sea | $958,900 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017