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5 Main Drive
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 27, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2025 | Price Decreased |
$2,650,000
↓ $240K
(8.3%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by LandVest, Inc., Manchester -by-the-Sea | $2,890,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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"Overloch,” a distinguished 1905 stucco estate on Wenham’s Lords Hill, blends early 20th-century craftsmanship with thoughtful modern updates. Featured in American Homes and Gardens (1908), it offers 6,000+/- sq. ft. of living space on 4+ acres with original woodwork, hardwood floors, six fireplaces, five bedrooms, and 4.5 renovated baths. The kitchen, electrical, and heating have been modernized, including two high-efficiency furnaces with advanced humidifiers. Highlights include a grand two-story porch with Doric columns, formal gardens with fountain, putting green, two-car garage, and a first-floor in-law suite. Minutes to Route 128, private airport, commuter rail, top schools, and North Shore beaches, this property offers elegance, history, and exceptional lifestyle.
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| Mar 2, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017