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Essex
56 Cherry St
$569,000
● House - Off Market

56 Cherry St

Wenham, MA 01984
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,992 Ft²
$1,303,688
RealtyHop Estimate
122.85%
Since Aug 1, 2002
MA-Boston
Primary Model

About This Property

DRAMATIC INTERIOR/OPEN FLOOR PLAN. C. 1750 ANTIQUE COMPLETE RE-DONE IN '94. 2 STORY KIT&FAN RM W/FLOOR TO CEILING FIREPL INVITING OPEN LIV/DIN RMS. LOFT. GREAT 2 STORY BA. PLUS 3RM FINISHED W/O LL W/3RD BATH. NOT A DRIVE BY. WALK TO VILLAGE
Unit Size
2,992 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$196
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1754

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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 #30613751)

Price History

Date / Event Date Event Price
Jul 26, 2002 Sold
Premium
Sold
Jun 4, 2002 Listed by Coldwell Banker Realty - Marblehead $585,000
Listed by Coldwell Banker Realty - Marblehead
DRAMATIC INTERIOR/OPEN FLOOR PLAN. C. 1750 ANTIQUE COMPLETE RE-DONE IN '94. 2 STORY KIT&FAN RM W/FLOOR TO CEILING FIREPL INVITING OPEN LIV/DIN RMS. LOFT. GREAT 2 STORY BA. PLUS 3RM FINISHED W/O LL W/3RD BATH. NOT A DRIVE BY. WALK TO VILLAGE
Dec 29, 1999 Sold
Premium
Sold
Jun 3, 1999 Listed by RE/MAX Village Properties $419,000
Listed by RE/MAX Village Properties
Oct 5, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1754
  • Effective Year Built: 1754
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,350
  • Total Building Area: 2,992
  • Gross Building Area: 5,589
  • Building Area: 2,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000559
  • 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: 712
  • Parcel: WENH M:18 L:62
  • Lot: 62
  • Municipality: WENHAM
  • Latitude: 42.6057
  • Longitude: -70.8958

    Address

  • Full Address: 56 Cherry St
  • Address - House Number: 56
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Wenham
  • Carrier Code: C001
  • 4-Digit Zip Code: 1306
  • Zip Code: 01984

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,308,400

    Appraisal Valuation

  • Standard Deviation: 0.1458
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 992,778
  • High Value: 1,137,570
  • Low Value: 847,986

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $754,100
  • Assessed Land Value: $506,900
  • Assessed Improvements Value: $247,200

    Sales

  • Current Sale Recording Date: Dec 29, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 05, 1994
  • Previous Sale Amount: $157,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2532 ft²

Average Home Age

73 years

Currently For Sale

1479 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

Currently no nearby rentals
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30613751

Frequently Asked Questions

When was property at 56 Cherry Street built and last sold?
The property at 56 Cherry Street was built in 1754 and last sold on Jan 1, 1970 for $410,000.
How much is this home worth?
The estimated value of the home located at 56 Cherry Street is $610,046.
What are some comparable homes to 56 Cherry Street?
There are currently no comparable homes to 56 Cherry Street.
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