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Essex
2 Meridian Road
$375,000
● House - Off Market

2 Meridian Road

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,788 Ft²
$648,840
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

Three bedroom Cape, hardwood floors, familyroom, three season porch, septic 2005-title v certified, newer roof and some new windows.  Great opportunity to move into Wenham neighborhood location. House needs some updating.
Unit Size
1,788 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$218
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1955

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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 #72016916)

Price History

Date / Event Date Event Price
May 24, 2019 Sold
Premium
Sold
Jul 25, 2016 Sold
Premium
Sold
Jun 3, 2016 Listed by Carney Real Estate $389,000
Listed by Carney Real Estate
Nov 30, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 4
  • Exterior Walls Type: 19
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,745
  • Gross Building Area: 3,490
  • Building Area: 1,745
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,745
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 517
  • Parcel: WENH M:16 L:48
  • Lot: 48
  • Municipality: WENHAM
  • Latitude: 42.6037
  • Longitude: -70.9206

    Address

  • Full Address: 2 Meridian Rd
  • Address - House Number: 2
  • Address - Street Name: Meridian
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1219
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $917,100

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 587,222
  • High Value: 693,911
  • Low Value: 480,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $528,600
  • Assessed Land Value: $354,000
  • Assessed Improvements Value: $174,600

    Sales

  • Current Sale Contract Date: May 08, 2019
  • Current Sale Recording Date: May 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 602157
  • Previous Sale Recording Date: Nov 30, 2005
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72016916

Frequently Asked Questions

When was property at 2 Meridian Road built and last sold?
The property at 2 Meridian Road was built in 1955 and last sold on May 8, 2019 for $30,000.
How much is this home worth?
The estimated value of the home located at 2 Meridian Road is $409,748.
What are some comparable homes to 2 Meridian Road?
There are currently no comparable homes to 2 Meridian Road.
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