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Danvers 01923
115 Forest St
$590,000
● House - Off Market

115 Forest St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,029 Ft²
$599,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Expanded Cape located in the desirable Endicott Park, family neighborhood of Danvers.  Bring your finishing touches to this large family home with open floor plan, hardwood floors, plenty of closets and storage.  Lot of living area on the first floor including 3 bedrooms and a full bath.   Family room is located off the kitchen, leading to a beautiful yard.  The second floor has 3 large additional rooms and a bathroom.  Great starter home for a family. in a nice neighborhood and community.  This home has great bones and unlimited potential.  Don't miss this opportunity!
Unit Size
2,029 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$296
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1951

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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 #73172559)

Price History

Date / Event Date Event Price
Nov 29, 2023 Sold
Premium
Sold
Nov 6, 2023 In contract -
In contract
Oct 19, 2023 Listed by NE Property Consultants $599,900
Listed by NE Property Consultants

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,791
  • Total Building Area: 2,029
  • Gross Building Area: 3,854
  • Building Area: 2,029
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,029
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000317
  • 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: 211402

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:041 L:131 P:
  • Lot: 131
  • Municipality: DANVERS
  • Latitude: 42.5665
  • Longitude: -70.9596

    Address

  • Full Address: 115 Forest St
  • Address - House Number: 115
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C037
  • 4-Digit Zip Code: 1834
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $673,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 716,261
  • High Value: 829,398
  • Low Value: 603,125

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $606,000
  • Assessed Land Value: $358,200
  • Assessed Improvements Value: $247,800

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Nov 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231129001710
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

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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# 73172559

Frequently Asked Questions

When was property at 115 Forest Street built and last sold?
The property at 115 Forest Street was built in 1951 and last sold on Nov 29, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 115 Forest Street is $617,444.
What are some comparable homes to 115 Forest Street?
There are currently no comparable homes to 115 Forest Street.
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