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Essex
4 Walnut Lane
$800,000
● House - Off Market

4 Walnut Lane

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,585 Ft²
$751,512
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Located in the heart of downtown on a quiet cul-de-sac, this charming, well maintained cape is just steps to schools, parks, the commuter rail, shopping and restaurants.  The open & bright floor plan, updated design details & recently replaced big ticket items (roof, deck, walkway, driveway, high efficiency hot water heater, newer sump pump & more!) make it easy to move right in. All 3 bedrooms are located on the main level and the additional 2nd floor bonus space is perfect as an office, playroom or a future primary suite! Whether you're looking for a starter or forever home, the beautiful turnkey aesthetic,  potential expansion possibilities and green upgrades (solar & tesla power-walls) offer endless possibilities. First showings at open house.
Unit Size
1,585 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$473
Property Type
House
Property Taxes
$904
HOA Dues
-
Year Built
1950

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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 #73120869)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Jun 12, 2023 In contract -
In contract
Jun 6, 2023 Listed by Engel & Volkers By the Sea $749,000
Listed by Engel & Volkers By the Sea
Feb 26, 2019 Sold
Premium
Sold
Jan 16, 2019 Listed by Engel & Volkers By the Sea $550,000
Listed by Engel & Volkers By the Sea
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Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,517
  • Gross Building Area: 3,022
  • Building Area: 1,517
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,517
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: 421
  • Parcel: WENH M:14 L:24
  • Lot: 24
  • Municipality: WENHAM
  • Latitude: 42.6086
  • Longitude: -70.8721

    Address

  • Full Address: 4 Walnut Ln
  • Address - House Number: 4
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1630
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,157,600

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 613,279
  • High Value: 727,683
  • Low Value: 498,874

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $667,200
  • Assessed Land Value: $466,400
  • Assessed Improvements Value: $200,800

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230630005710
  • Previous Sale Recording Date: Feb 26, 2019
  • Previous Sale Contract Date: Feb 26, 2019
  • Previous Sale Amount: $560,800
  • 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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73120869

Frequently Asked Questions

When was property at 4 Walnut Lane built and last sold?
The property at 4 Walnut Lane was built in 1950 and last sold on Jun 30, 2023 for $800,000.
How much is this home worth?
The estimated value of the home located at 4 Walnut Lane is $740,921.
What are some comparable homes to 4 Walnut Lane?
There are currently no comparable homes to 4 Walnut Lane.
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