$555,000
●
Multifamily -
Off Market
125 Pine St
Danvers, MA 01923
7 Beds
4 Baths
4,280 Ft²
$979,637
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model
About This Property
125 Pine Street is an Incredibly spacious, 4280 +- square foot
Victorian 3 Family home in the Tapleyville section of Danvers.
Sprawling, "House Sized" 3 level owners unit with 9 rooms, 4
bedrooms, 2 full bathrooms and a 20 x 16 deck. Versatile
layout that could easily be used for an extended family
member or a possible in-law unit. Lots of natural woodwork and
owners unit is attached to the 850 sq ft, 3-car, heated garage.
What an opportunity to live in a 4 bedroom unit that is the size of
a single family dwelling and still have 2 additional rents form the
apartments to help pay the expenses! Large lot (approx.
11,370 sq feet), shed and a sunny side yard and plenty of parking
in the driveway. Unique opportunities do not come often.
Unit Size
4,280 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$135
Property Type
Multifamily
Property Taxes
$479
HOA Dues
-
Year Built
1900
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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: 5 years ago (MLSPIN #71910170)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Driveway, Paved
Garage Spaces: 3
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1(Upgraded Cabinets, Bathroom with Shower Stall, Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Family Room, Office/Den), Unit 2 Rooms(Living Room, Kitchen, Sunroom), Unit 3 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Oil Water Heater, Gas Water Heater, Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
Flooring Type: Tile, Carpet, Varies Per Unit, Hardwood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Stone/Ceramic Tile Floor)
Laundry Features: Washer Hookup, Unit 1 Laundry Room
Rooms: 16
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family
Stories (Total): 6
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s), Screens
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Deck - Wood
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Zoning: R1
Parcel Number: M:050 L:119 P:, 1879104
Water Source: Public
Financial Details
Tax Assessed Value: $385,300
Tax Annual Amount: $5,745
Utilities Details
Utilities: for Gas Range, for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
Cooling Type: Unit 1(None)
Heating Type: Unit 1(Forced Air, Hot Water Baseboard, Oil, Individual, Unit Control), Unit 2(Forced Air, Gas, Individual, Unit Control), Unit 3(Gas, Unit Control, Space Heater)
Sewer : Public Sewer
Location Details
Community Features: Highway Access, Public School, University
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/25/2015
| |
7 Bed
|
4 Bath
|
4280 ft²
|
$579,000
7 Bed
4 Bath
4280 ft²
|
$555,000
-4.15%
04/29/2016
|
Gary Blattberg
RE/MAX Advantage Real Estate
|
Building Info
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