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Essex
5 Meridian Rd
$368,000
● House - Off Market

5 Meridian Rd

Wenham, MA 01984
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,428 Ft²
$751,245
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

What an Opportunity! NEW PRICE!  4-5 bedroom 2 bath expanded Cape in a desirable Wenham location. This home has been Professionally painted, refreshed with newer baths, windows, and hardwood floors. Sunny Family room.Open kitchen with Stainless Appliances.Large lot with inground pool. IN-LAW Potential. Add a superior school system and over 2400 sq.ft.you have a real value.
Unit Size
2,428 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$157
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (MLSPIN #71451163)

Price History

Date / Event Date Event Price
Apr 5, 2013 Sold
Premium
Sold
Oct 25, 2012 Listed by Century 21 North Shore $379,999
Listed by Century 21 North Shore
Jun 23, 2004 Sold
Premium
Sold
Apr 27, 2004 Listed by Century 21 North Shore $455,000
Listed by Century 21 North Shore

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,878
  • Total Building Area: 2,208
  • Gross Building Area: 3,690
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000640
  • 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: 508
  • Parcel: WENH M:16 L:39
  • Lot: 39
  • Municipality: WENHAM
  • Latitude: 42.6031
  • Longitude: -70.9204

    Address

  • Full Address: 5 Meridian Rd
  • Address - House Number: 5
  • Address - Street Name: Meridian
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1218
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $970,700

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 808,745
  • High Value: 972,975
  • Low Value: 644,515

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $559,500
  • Assessed Land Value: $355,800
  • Assessed Improvements Value: $203,700

    Sales

  • Current Sale Recording Date: Apr 05, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 541263
  • Previous Sale Recording Date: Jun 23, 2004
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: 48

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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# 71451163

Frequently Asked Questions

When was property at 5 Meridian Road built and last sold?
The property at 5 Meridian Road was built in 1950 and last sold on Jan 1, 1970 for $368,000.
How much is this home worth?
The estimated value of the home located at 5 Meridian Road is $414,012.
What are some comparable homes to 5 Meridian Road?
There are currently no comparable homes to 5 Meridian Road.
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