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Essex
2 Orchard Ln
$710,000
● House - Off Market

2 Orchard Ln

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,207 Ft²
$727,297
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Don't Miss this Unique 8 Rm Contemporary. This Home Features an open Floor Plan. The First Floor has a Large Kitchen with Cathedral Ceiling open to Dining room and tiled Sun Rm., First floor bedroom and a Salon/office with private entrance and 1/2 bath.  The Living room has Vaulted Ceiling and  a Warm Finnish Fireplace overlooking private 1.46 acre  back yard. The 2nd floor has Master Suite with private bath a 3rd bedroom and a study and a 2nd full bath.  The Basement is full and unfinished great for workshop or future expansion.  NOTE:  1st  showing are by appointment. Sunday between 10 and 1 pm January 30, 2022 Call or text to schedule a showingPlease email any offers to Listing Broker on or before 5 p.m. Tuesday February 1, 2022
Unit Size
2,207 Ft²
Days on Market
-
Land Size
1.46 acres
Price per sqft
$317
Property Type
House
Property Taxes
$838
HOA Dues
-
Year Built
1989

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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 #72937314)

Price History

Date / Event Date Event Price
Mar 18, 2022 Sold
Premium
Sold
Jan 26, 2022 Listed by The Thomson Companies $699,900
Listed by The Thomson Companies

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 63,510
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,207
  • Gross Building Area: 3,429
  • Building Area: 2,207
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,207
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001458
  • 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: 1176
  • Parcel: WENH M:33 L:23A
  • Lot: 23A
  • Municipality: WENHAM
  • Latitude: 42.5954
  • Longitude: -70.924

    Address

  • Full Address: 2 Orchard Ln
  • Address - House Number: 2
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1949
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,344,800

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 888,718
  • High Value: 1,025,285
  • Low Value: 752,151

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,100
  • Assessed Land Value: $446,200
  • Assessed Improvements Value: $328,900

    Sales

  • Current Sale Contract Date: Mar 18, 2022
  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220318002470
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72937314

Frequently Asked Questions

When was property at 2 Orchard Lane built and last sold?
The property at 2 Orchard Lane was built in 1989 and last sold on Mar 18, 2022 for $710,000.
How much is this home worth?
The estimated value of the home located at 2 Orchard Lane is $718,293.
What are some comparable homes to 2 Orchard Lane?
There are currently no comparable homes to 2 Orchard Lane.
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