Active
19 Days on market
7 John Wise Ave #2 Essex — Photo 1 of 42

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.

View Standard Listing

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

Original Price$965,000
Annual Taxes$10,502
HOA Fee$450

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile, Flooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingNatural Gas, Electric, Wall Furnace, Ductless, Fireplace(s)
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningRS2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2
First
Dining RoomKitchenFamily RoomMaster Bedroom
Unknown
Bathroom 1Bathroom 2
Dining Room
Lvl First

8 x 10

Skylight, Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access

Kitchen
Lvl First

13 x 8

Flooring - Wood, Window(s) - Picture

Family Room
Lvl First

12 x 23

Skylight, Flooring - Wood, Deck - Exterior, Exterior Access, Open Floorplan, Slider, Closet - Double

Master Bedroom
Lvl First

17 x 16

Bathroom - 3/4, Deck - Exterior, Exterior Access, Slider, Closet - Double

Bedroom 2
Lvl Second

19 x 12

Bathroom 1
Lvl null

5 x 10

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl null

8 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile

Property History

Listed
$965,000

Aug 24, 2026

MLS® 73567636

Sold
$4,200

Jul 30, 2025

MLS® 73388142

Listed
$4,200

Jun 9, 2025

MLS® 73388142

Listing Provided By

Listing Agent: Julia Virden

Listing Office: J. Barrett & Company

MLS® Number: 73567636