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Danvers 01923
15 Massachusetts Ave
$620,000
● House - Off Market

15 Massachusetts Ave

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,264 Ft²
$685,231
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

This is the one that you have been waiting for! Here is your chance to live in the highly desired woodvale neighborhood.  This home has been fully renovated which includes brand new vinyl siding, windows, propane converted heating system, central AC, kitchen, stainless appliances, QUARTZ countertops, engineered hardwood floors, new driveway and more!  Full car garage and additional storage area with new garage door and electric opener.  Outside you will enjoy your large yard with plenty of space. There's nothing to do but move in and enjoy all of what this beautiful home and neighborhood has to offer!
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$506
Property Type
House
Property Taxes
$488
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: 5 months ago (MLSPIN #73038104)

Price History

Date / Event Date Event Price
Nov 21, 2022 In contract -
In contract
Nov 18, 2022 Sold
Premium
Sold
Nov 1, 2022 Price Decreased $639,000
↓ $40K (5.9%)
Price Decreased
Oct 25, 2022 Relisted $679,000
Relisted
Oct 24, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 18,269
  • Total Building Area: 1,264
  • Gross Building Area: 1,880
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE DANVERS SEC A
  • Land Acres: 0000000419
  • 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:117 P:
  • Lot: 117
  • Municipality: DANVERS
  • Latitude: 42.5738
  • Longitude: -70.9283

    Address

  • Full Address: 15 Massachusetts Ave
  • Address - House Number: 15
  • Address - Street Name: Massachusetts
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2415
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 600,194
  • High Value: 694,997
  • Low Value: 505,391

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,600
  • Assessed Land Value: $377,300
  • Assessed Improvements Value: $236,300

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221118004150
  • Previous Sale Recording Date: Jun 17, 2022
  • Previous Sale Contract Date: Jun 17, 2022
  • Previous Sale Amount: $460,000
  • 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:

$699,900

Sale Price/ft²

$398

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2321 ft²

Average Home Age

90.5 years

Currently For Sale

41 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: 5 months ago
Data Source: MLS PIN, MLS# 73038104

Frequently Asked Questions

When was property at 15 Massachusetts Avenue built and last sold?
The property at 15 Massachusetts Avenue was built in 1959 and last sold on Nov 17, 2022 for $620,000.
How much is this home worth?
The estimated value of the home located at 15 Massachusetts Avenue is $627,468.
What are some comparable homes to 15 Massachusetts Avenue?
There are currently no comparable homes to 15 Massachusetts Avenue.
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