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Essex
3 Bruce Ln
$459,000
● House - Off Market

3 Bruce Ln

Wenham, MA 01984
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,664 Ft²
$772,277
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Convenient Wenham location close to town, train, library, schools and parks. This well maintained Cape style home offers 4 bedrooms,  2 full bathrooms, fireplace living room, lower level playroom, breezeway, new windows, interior as well as exterior paint (2014), hardwood floors and attached one car garage. The back yard has a patio and garden area.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$276
Property Type
House
Property Taxes
$602
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (MLSPIN #71948197)

Price History

Date / Event Date Event Price
May 2, 2016 Sold
Premium
Sold
Jan 13, 2016 Listed by J. Barrett & Company $459,000
Listed by J. Barrett & Company
Jan 30, 2001 Sold
Premium
Sold
Oct 22, 2000 Listed by J. Barrett & Company $329,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,498
  • Total Building Area: 1,560
  • Gross Building Area: 3,669
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 313
  • Parcel: WENH M:13 L:66
  • Lot: 66
  • Municipality: WENHAM
  • Latitude: 42.6097
  • Longitude: -70.8868

    Address

  • Full Address: 3 Bruce Ln
  • Address - House Number: 3
  • Address - Street Name: Bruce
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wenham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1403
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,122,900

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 778,287
  • High Value: 910,053
  • Low Value: 646,522

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,200
  • Assessed Land Value: $450,200
  • Assessed Improvements Value: $197,000

    Sales

  • Current Sale Recording Date: May 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 327
  • Previous Sale Recording Date: Jan 30, 2001
  • Previous Sale Amount: $315,000
  • 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# 71948197

Frequently Asked Questions

When was property at 3 Bruce Lane built and last sold?
The property at 3 Bruce Lane was built in 1950 and last sold on Jan 1, 1970 for $459,000.
How much is this home worth?
The estimated value of the home located at 3 Bruce Lane is $464,471.
What are some comparable homes to 3 Bruce Lane?
There are currently no comparable homes to 3 Bruce Lane.
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