11 Spring St.
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Jan 14, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Nov 18, 2025 | Listed by J. Barrett & Company | $899,900 | |
| Listed by J. Barrett & Company | |||
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Located in the desirable St. John's Prep area of Danvers, this expanded split entry home is set back from the road on a serene 3/4 acre lot, offering exceptional space, privacy, and a true sense of retreat. The main level features an open layout with hardwood flooring, five spacious bedrooms, and two full baths, enchanced by beautiful backyard views. The adaptable walk out lower level includes a complete in law suite, ideal for multi generational living, or flexible bonus space. A large deck overlooks a peaceful pond, great for morning coffee, summer barbecues, or quiet evenings. Featuring a two-car garage and a prime location, close to everything Danvers has to offer. This home combines versatility, comfort, and spacious living. Truly a rare find.
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| Sep 6, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017