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Essex
5 Eddel Ave
$475,000
● House - Off Market

5 Eddel Ave

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,059 Ft²
$497,710
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Estate Sale-Walk to down town Wenham! this 3 bedroom 1 bath sunny ranch has many original features with knotty pine walls and hardwood floors + 2 car detached garage is just waiting for that family or individual who wants to create their own decor and style of living. Fire place in living (don't know if it is functional). Three season porch overlooks private fenced backyard . Bring your imagination!
Unit Size
1,059 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$471
Property Type
House
Property Taxes
$784
HOA Dues
-
Year Built
1953

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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 #73035254)

Price History

Date / Event Date Event Price
Jul 26, 2023 Sold
Premium
Sold
Nov 10, 2022 In contract -
In contract
Nov 5, 2022 Price Decreased $499,000
↓ $26K (5%)
Price Decreased
Oct 31, 2022 Price Decreased $525,000
↓ $25K (4.5%)
Price Decreased
Oct 11, 2022 Price Increased $549,900
↑ $51K (10.2%)
Price Increased
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,059
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,581
  • Total Building Area: 1,059
  • Gross Building Area: 2,406
  • Building Area: 1,059
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,059
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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: 269
  • Parcel: WENH M:13 L:23
  • Lot: 23
  • Municipality: WENHAM
  • Latitude: 42.6067
  • Longitude: -70.8879

    Address

  • Full Address: 5 Eddel Ave
  • Address - House Number: 5
  • Address - Street Name: Eddel
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Wenham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1405
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,107,500

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 535,995
  • High Value: 578,826
  • Low Value: 493,165

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $638,300
  • Assessed Land Value: $430,000
  • Assessed Improvements Value: $208,300

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Jul 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230726001840
  • Previous Sale Recording Date: Aug 20, 2021
  • Previous Sale Contract Date: Aug 19, 2021
  • Previous Sale Amount: $274,543
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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# 73035254

Frequently Asked Questions

When was property at 5 Eddel Avenue built and last sold?
The property at 5 Eddel Avenue was built in 1953 and last sold on Jul 26, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 5 Eddel Avenue is $498,602.
What are some comparable homes to 5 Eddel Avenue?
There are currently no comparable homes to 5 Eddel Avenue.
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