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Danvers 01923
1 Riverside Street
$380,000
● House - Off Market

1 Riverside Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,092 Ft²
$550,783
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Cape style home with three bedrooms and 1.5 baths.This home was totally renovated ten years ago with new roof, vinyl siding, insulation, windows, electrical, gas heating system, water heater and central air. The partially fenced yard has lovely perennial gardens, a cozy front porch and seasonal views of the river. This is a wonderful condo alternative or perfect for the first time home buyer.  First showings at commuter open house on Thursday 4:30-6:00 and on Sunday from 11:30-1:00.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$341
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1950

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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 #72334894)

Price History

Date / Event Date Event Price
Jul 27, 2018 Sold
Premium
Sold
May 29, 2018 Listed by Century 21 North East $372,000
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 676
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,251
  • Total Building Area: 1,092
  • Gross Building Area: 2,340
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • 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: 211100

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:064 L:049 P:
  • Lot: 49
  • Municipality: DANVERS
  • Latitude: 42.5485
  • Longitude: -70.9206

    Address

  • Full Address: 1 Riverside St
  • Address - House Number: 1
  • Address - Street Name: Riverside
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3721
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $518,100

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 547,192
  • High Value: 646,164
  • Low Value: 448,220

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $466,300
  • Assessed Land Value: $295,100
  • Assessed Improvements Value: $171,200

    Sales

  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180727004790
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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72334894

Frequently Asked Questions

When was property at 1 Riverside Street built and last sold?
The property at 1 Riverside Street was built in 1950 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 1 Riverside Street is $379,871.
What are some comparable homes to 1 Riverside Street?
There are currently no comparable homes to 1 Riverside Street.
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