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Danvers 01923
1 Lester Rd
$599,900
● House - Off Market

1 Lester Rd

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,184 Ft²
$892,255
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Do not hesitate to come take a look at this wonderful 5-bedroom home situated on corner lot in fantastic neighborhood! Walking through this well cared for home you will realize that there is nothing to do but move in. An open kitchen with granite counters, custom cherry cabinets and stainless steel appliances leads into a large living room featuring a gas fireplace, cathedral ceiling, an great natural light. Updated bathrooms on both levels and plenty of space for storage. Exterior features a fenced in back yard with oversized shed as well as a detached heated 2 car 34 x 24 garage perfect for a work space. Make this one a must see, you will not be disappointed.
Unit Size
2,184 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$275
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #72402210)

Price History

Date / Event Date Event Price
Nov 16, 2018 Sold
Premium
Sold
Sep 27, 2018 Listed by RE/MAX On The River, Inc. $599,900
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,100
  • Total Building Area: 2,184
  • Gross Building Area: 2,972
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE DANVERS SEC G
  • Land Acres: 0000000530
  • 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: 211300

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:016 L:029 P:
  • Lot: 29
  • Municipality: DANVERS
  • Latitude: 42.5911
  • Longitude: -70.9282

    Address

  • Full Address: 1 Lester Rd
  • Address - House Number: 1
  • Address - Street Name: Lester
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1713
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $822,400

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 826,678
  • High Value: 953,994
  • Low Value: 699,362

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,200
  • Assessed Land Value: $412,000
  • Assessed Improvements Value: $328,200

    Sales

  • Current Sale Recording Date: Nov 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181116001850
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:

$715,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2068 ft²

Average Home Age

92.6 years

Currently For Sale

36 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72402210

Frequently Asked Questions

When was property at 1 Lester Road built and last sold?
The property at 1 Lester Road was built in 1962 and last sold on Jan 1, 1970 for $599,900.
How much is this home worth?
The estimated value of the home located at 1 Lester Road is $607,249.
What are some comparable homes to 1 Lester Road?
There are currently no comparable homes to 1 Lester Road.
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