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Danvers 01923
1 Lane Parkway
$600,000
● House - Off Market

1 Lane Parkway

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$703,316
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

This 4 bedroom Colonial sits right across from the Holten Richmond Middle school and offers spacious rooms with hardwood floors throughout. Dining and Living room combo with wood burning fireplace. Additional room off kitchen for a home office or another bedroom. Kitchen has plenty of cabinet space and a 3/4 bath with stand up shower. 4 good sized bedrooms upstairs with 1 full bath plus extra attic space that can be finished. Home needs cosmetic help and will be sold in "As Is" condition. Basement is a walk out and has new radiator steam furnace with wall hot water unit that is new as well. Roof is only 2 years old as well. 100 amp circuit breakers plus laundry hook up in the basement. Outside area features level lot plus storage shed and plenty of off-street parking for 6 cars.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$405
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1920

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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 #73071826)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Apr 11, 2023 In contract -
In contract
Jan 18, 2023 Listed by Century 21 North East $699,999
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,886
  • Total Building Area: 1,728
  • Gross Building Area: 3,420
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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: 211201

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:044 L:222 P:
  • Lot: 222
  • Municipality: DANVERS
  • Latitude: 42.5672
  • Longitude: -70.931

    Address

  • Full Address: 1 Lane Pkwy
  • Address - House Number: 1
  • Address - Street Name: Lane
  • Address - Suffix Type: Pkwy
  • State: MA
  • City Name: Danvers
  • Carrier Code: C022
  • 4-Digit Zip Code: 3207
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $631,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 650,473
  • High Value: 748,034
  • Low Value: 552,912

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $568,400
  • Assessed Land Value: $331,300
  • Assessed Improvements Value: $237,100

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230526002330
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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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# 73071826

Frequently Asked Questions

When was property at 1 Lane Parkway built and last sold?
The property at 1 Lane Parkway was built in 1920 and last sold on May 26, 2023 for $613,000.
How much is this home worth?
The estimated value of the home located at 1 Lane Parkway is $696,792.
What are some comparable homes to 1 Lane Parkway?
There are currently no comparable homes to 1 Lane Parkway.
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