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Danvers 01923
15 Milton Road
$500,000
● House - Off Market

15 Milton Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,925 Ft²
$522,316
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Commuters DREAM! Here is your chance to own a spacious 3 bedroom, 2 bathroom colonial right off of 128 in Danvers! Enter through the enclosed 3 season porch to find an open concept living and dining area with large bay windows, fireplace, hardwood floors, and direct access to the 20X12 back deck. Spacious kitchen with granite counters, gas stove, large pantry closet and tile floor.  Second floor features 3 bedrooms, hardwood floors, and a full bath.  The finished basement offers excellent bonus space complete with a 3/4 bath, laundry area and additional storage.   Large detached 24X20 2 car garage with 100amp panel plus an additional 6 car parking in the driveway. Showings start Friday 06/24 at 12pm!
Unit Size
1,925 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$260
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1942

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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 #73003567)

Price History

Date / Event Date Event Price
Aug 5, 2022 Sold
Premium
Sold
Jun 23, 2022 Listed by Lamacchia Realty, Inc. $499,900
Listed by Lamacchia Realty, Inc.
May 5, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,259
  • Total Building Area: 1,925
  • Gross Building Area: 2,280
  • Building Area: 1,925
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,925
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 211201

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:052 L:080 P:
  • Lot: 80
  • Municipality: DANVERS
  • Latitude: 42.5594
  • Longitude: -70.9286

    Address

  • Full Address: 15 Milton Rd
  • Address - House Number: 15
  • Address - Street Name: Milton
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C022
  • 4-Digit Zip Code: 3118
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 624,281
  • High Value: 738,607
  • Low Value: 509,955

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,400
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $250,400

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220805002810
  • Previous Sale Recording Date: May 05, 1987
  • Previous Sale Amount: $148,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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: 4 months ago
Data Source: MLS PIN, MLS# 73003567

Frequently Asked Questions

When was property at 15 Milton Road built and last sold?
The property at 15 Milton Road was built in 1942 and last sold on Aug 5, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 15 Milton Road is $519,074.
What are some comparable homes to 15 Milton Road?
There are currently no comparable homes to 15 Milton Road.
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