1 Burnham Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Price Decreased |
$1,175,000
↓ $25K
(2.1%) | |
| Price Decreased | |||
| Jun 30, 2025 | Listed by Keller Williams Realty Evolution | $1,200,000 | |
| Listed by Keller Williams Realty Evolution | |||
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This home is even better in person - Come see! Pride of ownership is evident throughout this 5BR Colonial in one of Danvers’ most desirable neighborhoods, just minutes to elementary, middle, and high schools. Enjoy a bright, spacious layout with sun-filled south-facing windows, fireplaced family room, & direct access to a large deck and private backyard—ideal for entertaining, gardening, or relaxing under mature trees. The flexible 2nd floor offers two en suite bedrooms, 3 additional bedrooms (one perfect for a home office), 2nd-floor laundry, & a third full bath. Perfect rainy day rec room plus unfinished basement adds bonus space for a creative shop, home gym, wine cellar, studio or hobby room—plus ample storage. This lovingly maintained home offers the lifestyle today’s buyers seek—space, flexibility, natural light, and a prime location close to schools, parks, shops, entertainment and commuter/vacation routes. Don’t miss seeing this incredible Danvers home!
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| May 16, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017