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Danvers 01923
108 Locust St
$436,000
● House - Off Market

108 Locust St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,172 Ft²
$663,756
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

This spacious 10 room ranch offers many possibilities. You enter into a spacious fireplaced living room that opens to a formal dining room both boasting gleaming hardwood floors.The kitchen is spacious with a charming breakfast nook. A year round sun room heated by a gas stove is the perfect place to curl up and read.  Three bedrooms two baths and private office off the master complete the first floor. The partially finished lower level has a family room, a possible 4th bedroom and still more space for a game room or hobby space.   This home is waiting for someone to personalize it to their lifestyle.
Unit Size
2,172 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$198
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1960

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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 #72248538)

Price History

Date / Event Date Event Price
Jan 3, 2018 Sold
Premium
Sold
Oct 27, 2017 Listed by RE/MAX Advantage Real Estate $429,000
Listed by RE/MAX Advantage Real Estate
Jan 8, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,010
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,528
  • Total Building Area: 3,015
  • Gross Building Area: 4,230
  • Building Area: 3,015
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,015
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000609
  • 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: R2

Geography

  • Parcel: DANV M:027 L:060 P:
  • Lot: 60
  • Municipality: DANVERS
  • Latitude: 42.5766
  • Longitude: -70.9377

    Address

  • Full Address: 108 Locust St
  • Address - House Number: 108
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2204
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $773,000

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 807,233
  • High Value: 944,686
  • Low Value: 669,780

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $695,800
  • Assessed Land Value: $380,800
  • Assessed Improvements Value: $315,000

    Sales

  • Current Sale Recording Date: Jan 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180103002150
  • Previous Sale Recording Date: Jan 08, 1999
  • Previous Sale Amount: $235,000
  • 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:

$699,000

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72248538

Frequently Asked Questions

When was property at 108 Locust Street built and last sold?
The property at 108 Locust Street was built in 1960 and last sold on Jan 1, 1970 for $436,000.
How much is this home worth?
The estimated value of the home located at 108 Locust Street is $456,932.
What are some comparable homes to 108 Locust Street?
There are currently no comparable homes to 108 Locust Street.
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