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Essex
35 Cherry Street
$699,000
● House - Off Market

35 Cherry Street

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,309 Ft²
$747,062
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Classic and charming 3-bedroom Farmhouse with chic and sunny 2016 kitchen - white cabinets, SS appliances, gas stove and marble counter-tops. Kitchen opens to family room and then to front living room. Half bath and rear entry foyer complete the main level. A fully renovated tiled bathroom with radiant heat, 3 bedrooms, a hall linen closet and an office nook are located upstairs. Welcoming wrap-around front covered porch. Nice yard with pretty plantings. 2-car detached garage. Prime Wenham location convenient to library, parks, restaurants, shops, train, downtown H/W and top-rated schools.   A true gem!
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$546
Property Type
House
Property Taxes
$822
HOA Dues
-
Year Built
1900

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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 #72998015)

Price History

Date / Event Date Event Price
Aug 10, 2022 Sold
Premium
Sold
Jun 15, 2022 Listed by J. Barrett & Company $715,000
Listed by J. Barrett & Company
Jan 27, 2017 Sold
Premium
Sold
Oct 20, 2016 Listed by J. Barrett & Company $499,000
Listed by J. Barrett & Company
Aug 12, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 762
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,276
  • Gross Building Area: 2,461
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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: 676
  • Parcel: WENH M:18 L:26
  • Lot: 26
  • Municipality: WENHAM
  • Latitude: 42.6043
  • Longitude: -70.8936

    Address

  • Full Address: 35 Cherry St
  • Address - House Number: 35
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1334
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,099,600

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 351,241
  • High Value: 417,059
  • Low Value: 285,422

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $633,800
  • Assessed Land Value: $416,000
  • Assessed Improvements Value: $217,800

    Sales

  • Current Sale Contract Date: Aug 10, 2022
  • Current Sale Recording Date: Aug 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2.0220810003E+1
  • Previous Sale Recording Date: Jan 27, 2017
  • Previous Sale Amount: $485,000
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 72998015

Frequently Asked Questions

When was property at 35 Cherry Street built and last sold?
The property at 35 Cherry Street was built in 1900 and last sold on Aug 10, 2022 for $699,000.
How much is this home worth?
The estimated value of the home located at 35 Cherry Street is $694,864.
What are some comparable homes to 35 Cherry Street?
There are currently no comparable homes to 35 Cherry Street.
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