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Essex
2 Sias Lane
$1,752,000
● House - Off Market

2 Sias Lane

Wenham, MA 01984
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
7,311 Ft²
$4,150,093
RealtyHop Estimate
108.02%
Since Feb 1, 2013
MA-Boston
Primary Model

About This Property

Exceptional quality custom built home with 2 additional parcels of land totaling 16.75 acres of open fields and rolling hills.Gourmet kitchen with SS high end appliances,1600 sf master bedroom suite,state of the art fitness room with built in hot tub, home office, 4 fireplaces, brand new high efficiency HVAC system,bedrooms with loft spaces, 3 car garage with commercial epoxy floor and custom cabinets, 32x40 Barn potential for horses and or car collector. Title V certified.
Unit Size
7,311 Ft²
Days on Market
-
Land Size
16.75 acres
Price per sqft
$273
Property Type
House
Property Taxes
$1,897
HOA Dues
-
Year Built
1987

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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: 5 months ago (MLSPIN #71452029)

Price History

Date / Event Date Event Price
Jan 3, 2013 Sold
Premium
Sold
Oct 27, 2012 Listed by Carney Real Estate $1,995,000
Listed by Carney Real Estate
Nov 23, 1999 Sold
Premium
Sold
Jul 10, 1999 Listed by Carney Real Estate $1,100,000
Listed by Carney Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • 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: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 121,445
  • Total Building Area: 7,065
  • Gross Building Area: 11,114
  • Building Area: 7,065
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 7,065
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002788
  • 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: 866
  • Parcel: WENH M:21 L:1
  • Lot: 1
  • Municipality: WENHAM
  • Latitude: 42.604
  • Longitude: -70.8648

    Address

  • Full Address: 2 Sias Ln
  • Address - House Number: 2
  • Address - Street Name: Sias
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1600
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,711,200

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 2,239,649
  • High Value: 2,600,618
  • Low Value: 1,878,679

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,139,000
  • Assessed Land Value: $703,600
  • Assessed Improvements Value: $1,435,400

    Sales

  • Current Sale Recording Date: Jan 03, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 332
  • Previous Sale Recording Date: Nov 23, 1999
  • Previous Sale Amount: $1,000,000
  • 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

2541 ft²

Average Home Age

72.9 years

Currently For Sale

1497 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

Currently no nearby rentals
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71452029

Frequently Asked Questions

When was property at 2 Sias Lane built and last sold?
The property at 2 Sias Lane was built in 1987 and last sold on Jan 1, 1970 for $1,752,000.
How much is this home worth?
The estimated value of the home located at 2 Sias Lane is $1,991,310.
What are some comparable homes to 2 Sias Lane?
There are currently no comparable homes to 2 Sias Lane.
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