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Danvers 01923
122 Collins St
$525,000
● House - Off Market

122 Collins St

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,253 Ft²
$466,058
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Move in ready ranch close to shopping, restaurants and major commuter routes. This freshly painted, two bedroom ranch has been lovingly maintained during the current ownership and has central AC. The large living room has a wood burning fireplace. Two generous sized bedrooms, one with a cedar storage in the window seat. The one car garage is attached and has easy access to the kitchen through the sunny sitting room. Partially finished basement has one room that can be used as a workshop or craft room and another room that can be a home office/den/workout space. The entire yard is fenced in and is a large level lot.
Unit Size
1,253 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$367
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1950

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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 #72968608)

Price History

Date / Event Date Event Price
May 26, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by Keller Williams Realty Evolution $459,900
Listed by Keller Williams Realty Evolution
Jun 20, 1997 Sold
Premium
Sold
May 19, 1997 Listed by Keller Williams Realty Evolution $159,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Basement Area: 964
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,253
  • Gross Building Area: 2,519
  • Building Area: 1,253
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,253
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: R1

Geography

  • Parcel: DANV M:062 L:043 P:
  • Lot: 43
  • Municipality: DANVERS
  • Latitude: 42.5522
  • Longitude: -70.9483

    Address

  • Full Address: 122 Collins St
  • Address - House Number: 122
  • Address - Street Name: Collins
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C009
  • 4-Digit Zip Code: 3502
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $552,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1612
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 583,851
  • High Value: 683,718
  • Low Value: 483,984

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $497,700
  • Assessed Land Value: $310,100
  • Assessed Improvements Value: $187,600

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: May 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20220526001070
  • Previous Sale Recording Date: Jun 20, 1997
  • Previous Sale Amount: $155,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72968608

Frequently Asked Questions

When was property at 122 Collins Street built and last sold?
The property at 122 Collins Street was built in 1950 and last sold on May 26, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 122 Collins Street is $468,365.
What are some comparable homes to 122 Collins Street?
There are currently no comparable homes to 122 Collins Street.
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