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Danvers 01923
12 Grove Street
$378,000
● House - Off Market

12 Grove Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,032 Ft²
$584,837
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Fantastic location for this single level home in a large neighborhood of similar style homes. Six room, three bedrooms, one full bath, featuring wood flooring. The eat-in kitchen is spacious and open to the living room with a large picture window that looks out to the .23 acre yard. Just in time to sit out on your front patio and enjoy the summer. There is an additional room off the kitchen that is used as a family room with access to both the garage and back yard. This room would also make great office space. Most of the land is in front of the house setting the home away from the street. Attached one car garage. Updates include a Buderus® heating system, roof and newer windows. Decorate this home to make it your own. Easy access to downtown Danvers, Beverly and Route 128.
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$383
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1959

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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 #72320752)

Price History

Date / Event Date Event Price
Jul 20, 2018 Sold
Premium
Sold
May 3, 2018 Listed by Coldwell Banker Residential Brokerage - Beverly $395,000
Listed by Coldwell Banker Residential Brokerage - Beverly

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 10,010
  • Total Building Area: 1,032
  • Gross Building Area: 1,392
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:036 L:187 P:
  • Lot: 187
  • Municipality: DANVERS
  • Latitude: 42.5704
  • Longitude: -70.9296

    Address

  • Full Address: 12 Grove St
  • Address - House Number: 12
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2412
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $546,200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 579,426
  • High Value: 676,832
  • Low Value: 482,021

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $491,600
  • Assessed Land Value: $342,000
  • Assessed Improvements Value: $149,600

    Sales

  • Current Sale Recording Date: Jul 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180720001310
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# 72320752

Frequently Asked Questions

When was property at 12 Grove Street built and last sold?
The property at 12 Grove Street was built in 1959 and last sold on Jan 1, 1970 for $378,000.
How much is this home worth?
The estimated value of the home located at 12 Grove Street is $398,702.
What are some comparable homes to 12 Grove Street?
There are currently no comparable homes to 12 Grove Street.
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