Wenham, MA Real Estate
Within this quiet community, residents can escape from the hustle and bustle of the big city. While this town is only 8 miles north of Boston, it has retained its rural New England charm. Residents will find stone walls, antique homes and miles of scenic, country roads. While it might be a tranquil oasis, the community still has modern perks like shopping options and a convenient location.
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Homes within this area are popular among buyers because of the location and the local atmosphere. While this might be a small community, it is surrounded by larger towns like Topsfield, Danvers and Beverly. Home buyers can also find a number of exceptional homes near the city's green spaces. In total, the city has nearly 300 acres of parks and recreational lands. Residents can buy homes next to these parklands if they want to enjoy gorgeous, tree-lined views.
Placed within Essex County, this small town boasts of rural scenery and a historic character. While it may be a modern town, it still has many cares of farm lands, woodlands and tree-lined roads. Named as one of the Best Places to Live by Boston magazine in 2010, this community is bordered on the south by Beverly. Hamilton is found on the north, and Danvers is located on the west. While Topsfield forms the northwestern border, Machester-by-the-Sea is found on the east.
This city is only 6 miles away from Salem. Residents can enjoy having a location that is just 21 miles away from Boston. Route 22, Route 1A and Route 128 all run near or through the town. In addition to buying homes near the town's many green spaces, residents can also buy lakefront properties. Wenham Lake and several smaller ponds are found within the town. In addition, some homes overlook the Salem Beverly Waterway Canal that crosses the town.
The average listing price for a condo in this area is $559,000. While the average listing price for a lot is $657,250, the highest listing price is $925,000. The typical single-family home has an average listing price of $1,396,817. Currently, the highest priced listing on the marketplace is $5,995,000.
Because of the desirability of this area, single-family homes tend to sell for a higher price than in surrounding areas. Most of the time, there are only 10 to 30 single-family homes on the marketplace. To get an amazing property, home buyers have to do their research first and prepare to bid quickly when their dream home appears.
Single-Family Houses for Sale
Within this area, residents will find charming Colonial, Cape Cod and shingle-style homes. Over the course of its long history, this town has been the site of many different architectural styles and buildings. While the oldest homes are more than 100 years old, there are also contemporary dwellings that were just created in the last few years.
Because of its small-town environment, many of the homes in this area are placed on large lots. While the homes might be close to the city, they feel like they are a world away. Residents can generally find spacious homes with large front and backyards. These homes may include features like grand staircases, European-style cabinetry or top-of-the-line appliances. Some of the more unique homes were built more than 200 hundred years ago in Dutch Gambrel architecture. Depending on who has owned the home over the years, these antique properties may be beautifully maintained or in need of a little work.
At the lower end of the marketplace, residents can occasionally find homes available for under $400,000. Within this portion of the marketplace, residents will typically find homes that need some renovations. On the middle and high end of the marketplace, home buyers will regularly see listing prices that top $1 million. These luxury properties include equestrian spaces, wraparound porches and large estates. Often, the more luxurious homes sit on 10 or more acres of land and offer scenic vistas.
During the last year, the median listing price rose to $829,000 for this area. At the same time last year, these homes had for a median listing price of $722,000. This marks a 14.8 percent increase in listing prices during a single year. While the listing price increased, the actual closing price fell during the same time period. The actual closing price for the median home is at $490,000. On average, homes fetch $301 per square foot. Only 3.7 percent of homes in the town had negative equity.
In the coming year, home values are expected to rise by 3 percent. This is a fairly typical increase for the area since many of Boston's suburbs are growing in value. As residents are priced out of Boston neighborhoods, they move to towns like this one. The influx in new buyers pushes home prices and values up, which is good news for homeowners and investors in the area.
Condos and Townhouses for Sale
While most of the community consists of single-family homes and larger estates, there are some condominiums and townhomes available. These properties are excellent opportunities for home buyers who want luxury homes at a fraction of the cost of a larger residence. As an added benefit, exterior maintenance and building repairs are taken care of by a professional management team. Many of these condos offer ample green spaces and exclusive amenities like swimming pools.
At Old Country Road, residents will find the Maple Condos. This 55+ community features 55 units. Built in 1991, this luxury property is in a prime location near the Wenham Country Club. Located just off of Main Street, this property boasts of a club room and a sparkling swimming pool. Residents can find one-level and two-level units. All of the master bedrooms are equipped with spacious walk-in closets. Residents can enjoy amenities like extra storage space in the basement. Each unit includes 745 to 1,897 square feet of space. Residents can select between one-bedroom and two-bedroom layouts. Protected through a security system, the complex offers on-site laundry rooms and visitor parking.
At the Residences at Middlewood, residents will find one of the area's newest condominium properties. Just constructed in 2015, this complex is placed on a quiet cul de sac. Encompassing a total of 20 units in size, the complex is located on Middlewood Drive. Each unit is designed as an attached townhouse with a private driveway. Residents will find a front entrance and attached, two-car garage in every unit. Within the townhouses, residents will discover recessing lighting and gorgeous hardwood floors. Every townhouse is equipped with crown moldings, wainscoting and open floor plans. On chilly nights, the gas fireplace is perfect for warming up.
The Residences at Middlewood are equipped with modern kitchens. Within this space, residents will find a breakfast bar, granite counters and stainless steel appliance. The bay window lets in gorgeous views of the surrounding area. These lovely units are offered in two-bedroom and three-bedroom layouts. Each home includes 1,622 to 3,161 square feet. Master bathrooms at the property include double-vanity sinks and heated floors. In the master suite, residents will find a dressing area, custom built-ins, walk-in closets and window seating. On the second floor, the townhouses include second bedrooms and an office space. All of the units are outfitted with central air conditioning, vaulted ceilings and in-unit laundry. Plus, residents can enjoy having extra storage space within their full basements.
Wenham Pines is located at 60 Main Street. Designed as a 55+ community, this complex was just built in 2018. It includes 22 units with two-car garages. Outfitted with a private driveway, these units include front porches, a back deck and a landscaped pathways. Placed next to the country club, these townhouses boast of vaulted ceilings, gas fireplaces and hardwood floors. Residents will find walk-in closets, spa-like bathrooms and recessed lighting within their homes. Plus, each home is designed with a wet bar, mudroom, stainless steel appliances and built-in speakers.
Another one of the best 55+ communities can be found at the Boulders. Placed on Wallis Drive, this complex was built in 2007. It includes 24 units designed as attached townhomes. Within the units, residents can enjoy having open floor plans, gas fireplaces and walls of windows. Equipped with shaker siding, the modern units boast of recessed lighting dark cabinetry. Every unit includes 2,639 to 3,523 square feet of living area. From granite counters to full basements, these homes have everything that tenants need to relax and enjoy life.
Apartments in the Area
While this area has an impressive variety of single-family homes, it has very few apartment complexes. In this town, residents will generally find individual townhomes, condos and houses available for rent instead of actual apartment complexes. Luckily, this quirk has made it so that the town retains its historic, New England-style charm.
The rental options in the area can vary greatly depending on what the tenant is renting and where they rent at. When tenants rent a single-family home, they may get amenities like in-unit laundry, spacious closets and gorgeous cabinetry. In condo rentals, residents will typically find luxury finishes. Condo and townhome rentals are a popular option because of the community amenities. At many of the condominium properties, residents will find features like in-ground pools, clubhouses, grilling stations and business centers.
For a more traditional apartment, residents can always check out some of the surrounding communities. While this town may have a rural ambiance, it is just a few miles away from bigger cities. Residents can find a traditional apartment complex in outlying areas or check out some of the condo rentals within this community.
Recent Housing and Rental Market News
One of the upcoming projects in the area is Maple Woods. This project will be placed on the North Shore. It has been in the works for years, but may finally be taking off the ground in the next year or two. The goal of the project is to create an affordable housing complex for senior citizens. Maple Woods will be built on 3.5 acres at 62 Maple Street. Once it is completed, the project will include 60 affordable residences.
Another development is already in the works on Main Street. Placed at the Lakeview Golf Club, the development calls for 25 condominiums. Placed on 32.4 acres, this property will be a 55+ community. Known as the Wenham Pines, this complex was just constructed in 2017. All of the units are built within 11 New England-style townhouses. Designed with two different floor plans, the units boast of 3,000 square feet of living area. Residents will find dens, dining areas, lofts and 2.5 to 3.5 bedrooms in every home. As an added benefit, residents can enjoy having a full basement and a two-car garage. In keeping with the development bylaws, the project includes two affordable units. All of the homes are set back at least 500 feet from Main Street to maintain the gorgeous views.
Wenham Condo Developments
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