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Danvers 01923
1 Grace Rd
$655,500
● House - Off Market

1 Grace Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,070 Ft²
$1,021,182
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Welcome home to this well cared for Cape on a quiet corner lot, in a desirable Danvers Cul-de-sac. Soaring ceiling heights greet you in a welcoming foyer that leads into a beautiful living room with built in cabinets and fireplace.  The open concept leads right through to the dining room and the sun drenched kitchen. This updated kitchen boasts of granite counter tops, hardwood floors, beautiful white cabinets and a large island to enjoy with all the people you hold dear. Bonus room off the kitchen is a great place to enjoy the warm sunny days and quiet nights.  Master bedroom located in first floor with master bath. Second floor has two large bedrooms and a full bath. Exterior has a deck with a beautiful retractable awing and a professionally landscaped yard.
Unit Size
3,070 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$225
Property Type
House
Property Taxes
$624
HOA Dues
-
Year Built
1985

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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: 4 months ago (MLSPIN #72334609)

Price History

Date / Event Date Event Price
Sep 12, 2018 Sold
Premium
Sold
May 29, 2018 Listed by Coldwell Banker Residential Brokerage - Beverly $689,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Jun 26, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,990
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,329
  • Total Building Area: 3,070
  • Gross Building Area: 6,170
  • Building Area: 3,070
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,070
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTOVER FARMS
  • Land Acres: 0000000352
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Danvers School District
  • School Tax School District: DANVERS SD
  • Census Tract: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:023 L:079 P:
  • Lot: 79
  • Municipality: DANVERS
  • Latitude: 42.5781
  • Longitude: -70.9882

    Address

  • Full Address: 1 Grace Rd
  • Address - House Number: 1
  • Address - Street Name: Grace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1355
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $895,800

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 889,447
  • High Value: 1,026,430
  • Low Value: 752,464

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $806,300
  • Assessed Land Value: $376,900
  • Assessed Improvements Value: $429,400

    Sales

  • Current Sale Recording Date: Sep 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180912001870
  • Previous Sale Recording Date: Jun 26, 1998
  • Previous Sale Amount: $335,000
  • 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 Danvers

Stats & Trends

Median Asking:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72334609

Frequently Asked Questions

When was property at 1 Grace Road built and last sold?
The property at 1 Grace Road was built in 1985 and last sold on Jan 1, 1970 for $655,500.
How much is this home worth?
The estimated value of the home located at 1 Grace Road is $723,898.
What are some comparable homes to 1 Grace Road?
There are currently no comparable homes to 1 Grace Road.
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