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Essex
23 Cherry Street
$855,000
● House - Off Market

23 Cherry Street

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,548 Ft²
$764,437
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

This sunny, three bedroom, one and a half bath colonial in the heart of Wenham will delight you. Updated kitchen with abutting pantry. Convenient washer/dryer off kitchen. A comfortable at home office on the second floor. Easy flowing floorplan from kitchen to family room to dining room featuring big windows and hardwood floors throughout. Sweet front porch. A fenced in yard, just the perfect size, with lovely plantings and trees and an entertaining space with flagstone patio. Newly painted and air conditioning added. Two car garage with newer doors. Come see it for yourself! Showings begin at the Broker Open House on Thursday, June 8th, 1130-1. OPEN HOUSE on both Saturday and Sunday 1130-1. Any offers will be reviewed at 12 noon on Tuesday, June 13th.
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$497
Property Type
House
Property Taxes
$969
HOA Dues
-
Year Built
1880

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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 #73120288)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Jun 14, 2023 In contract -
In contract
Jun 5, 2023 Listed by J. Barrett & Company $770,000
Listed by J. Barrett & Company
Aug 15, 2019 Sold
Premium
Sold
Apr 23, 2019 Listed by J. Barrett & Company $525,000
Listed by J. Barrett & Company
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 756
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Total Building Area: 1,548
  • Gross Building Area: 2,436
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 658
  • Parcel: WENH M:18 L:12
  • Lot: 12
  • Municipality: WENHAM
  • Latitude: 42.6034
  • Longitude: -70.892

    Address

  • Full Address: 23 Cherry St
  • Address - House Number: 23
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1322
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,163,000

    Appraisal Valuation

  • Standard Deviation: 0.1869
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 585,402
  • High Value: 694,831
  • Low Value: 475,972

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $670,300
  • Assessed Land Value: $402,000
  • Assessed Improvements Value: $268,300

    Sales

  • Current Sale Contract Date: Aug 17, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230830001860
  • Previous Sale Recording Date: Aug 15, 2019
  • Previous Sale Contract Date: Jul 11, 2019
  • Previous Sale Amount: $561,000
  • Previous Sale Document Type: O
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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# 73120288

Frequently Asked Questions

When was property at 23 Cherry Street built and last sold?
The property at 23 Cherry Street was built in 1880 and last sold on Aug 17, 2023 for $855,000.
How much is this home worth?
The estimated value of the home located at 23 Cherry Street is $763,353.
What are some comparable homes to 23 Cherry Street?
There are currently no comparable homes to 23 Cherry Street.
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