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Danvers 01923
149 Summer Street
$526,000
● House - Off Market

149 Summer Street

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,590 Ft²
$822,187
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

This wonderfully maintained multi-level home in the Prep area offers gracious living space. The sun drenched living room has a gas fireplace and the dining room and kitchen overflow into the heated sunroom addition. The three bedrooms are spaciously sized with great closet space. The extended living space could be used as a teen or office suite, having its owne  ¾ bath as well as two exits to the outside.The flat fenced yard has perennial gardens and raised beds that are waiting to be planted! All this is minutes from Rte. 95 & Rte. 1 and Smith School. Offers due Monday May 8th at 5 pm. Buyer is responsible for due diligence for use of bonus space.
Unit Size
2,590 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$203
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
1965

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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 #72156255)

Price History

Date / Event Date Event Price
Jun 26, 2017 Sold
Premium
Sold
May 1, 2017 Listed by LAER Realty Partners $524,900
Listed by LAER Realty Partners
Mar 26, 2014 Sold
Premium
Sold
Jan 21, 2014 Listed by LAER Realty Partners $499,000
Listed by LAER Realty Partners

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 4
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,444
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,013
  • Total Building Area: 2,590
  • Gross Building Area: 4,015
  • Building Area: 2,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,590
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAINT JOHN S PREPARATORY SCH
  • Land Acres: 0000000689
  • 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: R3

Geography

  • Parcel: DANV M:020 L:084 P:
  • Lot: 84
  • Municipality: DANVERS
  • Latitude: 42.5871
  • Longitude: -70.9512

    Address

  • Full Address: 149 Summer St
  • Address - House Number: 149
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1144
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $823,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 836,035
  • High Value: 968,090
  • Low Value: 703,980

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,900
  • Assessed Land Value: $442,600
  • Assessed Improvements Value: $298,300

    Sales

  • Current Sale Recording Date: Jun 26, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 295
  • Previous Sale Recording Date: Mar 26, 2014
  • Previous Sale Amount: $485,000
  • Previous Sale Document Type: O
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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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# 72156255

Frequently Asked Questions

When was property at 149 Summer Street built and last sold?
The property at 149 Summer Street was built in 1965 and last sold on Jan 1, 1970 for $526,000.
How much is this home worth?
The estimated value of the home located at 149 Summer Street is $551,188.
What are some comparable homes to 149 Summer Street?
There are currently no comparable homes to 149 Summer Street.
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