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Essex
50 Monument St
$360,000
● House - Off Market

50 Monument St

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,733 Ft²
$745,649
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

One level living at its best! This 3 bedroom ranch offers a spacious open concept with a large fireplaced living room, kitchen and dining area...an Entertainer's delight!  The lower level, also, has a fabulous layout with a bonus room, full bath and separate entrance.  This home has been lovingly maintained and has a new Lifetime roof, new shingle siding on front, and new HVAC system. Beautiful woodwork, great flow, lots of storage space, close to town, and low utility usage!  What a Value!
Unit Size
1,733 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$224
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1940

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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: 6 months ago (MLSPIN #71482890)

Price History

Date / Event Date Event Price
Jun 6, 2013 Sold
Premium
Sold
Feb 15, 2013 Listed by J. Barrett & Company $389,000
Listed by J. Barrett & Company
Jun 16, 2008 Sold
Premium
Sold
Feb 29, 2008 Sold
Premium
Sold
Sep 8, 2007 Listed by J. Barrett & Company $424,900
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 509
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,848
  • Total Building Area: 1,733
  • Gross Building Area: 3,066
  • Building Area: 1,733
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,733
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000800
  • 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: 710
  • Parcel: WENH M:18 L:60
  • Lot: 60
  • Municipality: WENHAM
  • Latitude: 42.6059
  • Longitude: -70.8947

    Address

  • Full Address: 50 Monument St
  • Address - House Number: 50
  • Address - Street Name: Monument
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C003
  • 4-Digit Zip Code: 1309
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,069,100

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 734,770
  • High Value: 885,539
  • Low Value: 584,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $616,200
  • Assessed Land Value: $327,600
  • Assessed Improvements Value: $288,600

    Sales

  • Current Sale Recording Date: Jun 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 307
  • Previous Sale Recording Date: Jun 16, 2008
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: 27
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

2467 ft²

Average Home Age

72.8 years

Currently For Sale

1401 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71482890

Frequently Asked Questions

When was property at 50 Monument Street built and last sold?
The property at 50 Monument Street was built in 1940 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 50 Monument Street is $405,159.
What are some comparable homes to 50 Monument Street?
There are currently no comparable homes to 50 Monument Street.
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