
7 John Wise Ave #2 Essex — Photo 1 of 42
$965,000
Investment Analysis — 7 John Wise Ave #2
Essex, MA 01929
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01929 carries an estimated $3,080/mo in gross rent — about a 1.26% cap rate and $12,188/yr in estimated NOI at the $965,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,141
Style
Condominium
Built
1900
Once part of the 300-acre Cogswell Estate and family-owned from the 1630s through the 1930s, this exceptional home embodies the timeless beauty and character of a bygone era. Originally built as a hunting lodge, the home retains an impressive collection of historic details, including original antique floorboards, an oversized brick fireplace, magnificent post-and-beam construction, and beautiful barn-wood doors. Surrounded by mature trees and framed by historic stone walls, the property offers a rare combination of elegance, privacy, and a profound sense of place. Two decks overlook the broad, open lawn, creating an exceptional setting for outdoor entertaining, gatherings, or simply enjoying the peaceful grounds. Thoughtful improvements enhance the home's comfort and functionality, including four (4) Bosch mini-split air-conditioning units, an upgraded primary suite, new kitchen appliances, and a new 200-amp electrical panel. The residence is thoughtfully arranged across two wings. The principal wing encompasses the main living spaces, including the dining room, living room, library, kitchen, and breakfast area. The second wing provides private sleeping quarters and a spacious family room, offering an ideal separation between living and entertaining spaces. Most recently configured as a two-bedroom residence, town records recognize the property as a three-bedroom home, with the additional bedroom readily achievable through minor alterations. For those seeking additional living space, the dry, open and clean walk-out basement has high ceilings with cement floors and walls, offering excellent potential for future finishing or an ideal workshop space. Rich in history, architectural integrity, and privacy, this is a truly special property—an authentic piece of Old Americana with the character and presence of a distinguished country estate.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl First8 x 10
Skylight, Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access
Kitchen
Lvl First13 x 8
Flooring - Wood, Window(s) - Picture
Family Room
Lvl First12 x 23
Skylight, Flooring - Wood, Deck - Exterior, Exterior Access, Open Floorplan, Slider, Closet - Double
Master Bedroom
Lvl First17 x 16
Bathroom - 3/4, Deck - Exterior, Exterior Access, Slider, Closet - Double
Bedroom 2
Lvl Second19 x 12
Bathroom 1
Lvl null5 x 10
Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl null8 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile
Property History
$965,000
Aug 24, 2026
MLS® 73567636
$4,200
Jul 30, 2025
MLS® 73388142
$4,200
Jun 9, 2025
MLS® 73388142
Listing Agent: Julia Virden
Listing Office: J. Barrett & Company
MLS® Number: 73567636
