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Essex
40 Perkins Street
$514,000
● House - Off Market

40 Perkins Street

Wenham, MA 01984
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,489 Ft²
$934,062
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

There is no substitute for style.  This handsome home has a great location in the heart of Wenham.  Built in the 1920's when construction was quality.  Presently this home needs updating, but with the layout, spacious rooms, high ceilings, sun drenched rooms, gorgeous lot and perfect in-law set up, this home is a fabulous find for the expanding family.  Opportunity is knocking.  A home to be cherished for generations.
Unit Size
2,489 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$215
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1920

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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 #71877643)

Price History

Date / Event Date Event Price
Oct 2, 2015 Sold
Premium
Sold
Jul 22, 2015 Listed by Keller Williams Realty Evolution $534,500
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,153
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 2,529
  • Gross Building Area: 4,609
  • Building Area: 2,529
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,529
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • 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: 371
  • Parcel: WENH M:13 L:125
  • Lot: 125
  • Municipality: WENHAM
  • Latitude: 42.6103
  • Longitude: -70.884

    Address

  • Full Address: 40 Perkins St
  • Address - House Number: 40
  • Address - Street Name: Perkins
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C002
  • 4-Digit Zip Code: 1452
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,244,200

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 920,513
  • High Value: 1,061,481
  • Low Value: 779,545

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $717,100
  • Assessed Land Value: $504,800
  • Assessed Improvements Value: $212,300

    Sales

  • Current Sale Recording Date: Oct 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 431
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2523 ft²

Average Home Age

72.6 years

Currently For Sale

1457 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71877643

Frequently Asked Questions

When was property at 40 Perkins Street built and last sold?
The property at 40 Perkins Street was built in 1920 and last sold on Jan 1, 1970 for $514,000.
How much is this home worth?
The estimated value of the home located at 40 Perkins Street is $558,586.
What are some comparable homes to 40 Perkins Street?
There are currently no comparable homes to 40 Perkins Street.
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