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Danvers 01923
116 North St
$551,000
● House - Off Market

116 North St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,212 Ft²
$556,178
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Large Colonial in a great location!  This home is bright and sunny with a private backyard with inground pool. Inside you have an open floor plan with large living and dining room, a family room with back yard access, a first floor office or guest bedroom and a large master bedroom suite upstairs. This property is eligible under the First Look Initiative which expires after 20 full days on market. No investor offers until first look period expires.  No offers regardless of buyer type will be negotiated within the first 7 days of listing.      OFFERS ARE SUBMITTED ON PROPOFFERS COM BUYER AGENT FEE OF $175 AT CLOSING     Subject to seller addendum.    A viewing release must be signed and returned to our office before showing this property...SEE ATTACHED DOCUMENTS.
Unit Size
2,212 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$244
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1966

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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 #73072453)

Price History

Date / Event Date Event Price
Mar 10, 2023 Sold
Premium
Sold
Jan 28, 2023 In contract -
In contract
Jan 19, 2023 Listed by Lisboa Realty $539,900
Listed by Lisboa Realty
Sep 28, 2022 Withdrawn -
Withdrawn
May 24, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • 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: 18,099
  • Total Building Area: 2,212
  • Gross Building Area: 2,476
  • Building Area: 2,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000415
  • 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: R3

Geography

  • Parcel: DANV M:014 L:195 P:
  • Lot: 195
  • Municipality: DANVERS
  • Latitude: 42.5936
  • Longitude: -70.9543

    Address

  • Full Address: 116 North St
  • Address - House Number: 116
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C019
  • 4-Digit Zip Code: 1241
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $658,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 699,103
  • High Value: 755,233
  • Low Value: 642,974

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $592,600
  • Assessed Land Value: $370,000
  • Assessed Improvements Value: $222,600

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230310001100
  • Previous Sale Recording Date: May 24, 2022
  • Previous Sale Contract Date: Apr 21, 2022
  • Previous Sale Amount: $561,632
  • Previous Sale Document Type: 34
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

2275 ft²

Average Home Age

82.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73072453

Frequently Asked Questions

When was property at 116 North Street built and last sold?
The property at 116 North Street was built in 1966 and last sold on Mar 9, 2023 for $551,000.
How much is this home worth?
The estimated value of the home located at 116 North Street is $550,956.
What are some comparable homes to 116 North Street?
There are currently no comparable homes to 116 North Street.
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