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Danvers 01923
156 Hobart St
$522,000
● House - Off Market

156 Hobart St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,704 Ft²
$557,515
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Attention contractors, developers, builders and Historic enthusiasts !!! Rare offering of this Old Style 7 room 3 bed 1.5 bath has had same owner since 1977. Situated in the Salem Village Historic District this Circa1898 gable roofed home is waiting for your ideas to restore to its original beauty. An enclosed porch and deck offer outside enjoyment.  A newer 3 car, 2 story garage completes this property. All sitting on a lush 2.25 acre lot offering endless possibilities.!!!!!! All close to Endicott Park, Glen Magna Farm, and all Danvers has to offer.... Ask listing agent about possibilities........more photos coming soon....
Unit Size
1,704 Ft²
Days on Market
-
Land Size
2.25 acres
Price per sqft
$305
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73029957)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $519,900
Relisted
Sep 22, 2022 In contract -
In contract
Aug 12, 2022 Listed by Century 21 North East $519,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 98,010
  • Total Building Area: 1,704
  • Gross Building Area: 3,056
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002250
  • 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: R2

Geography

  • Parcel: DANV M:041 L:109 P:
  • Lot: 109
  • Municipality: DANVERS
  • Latitude: 42.5661
  • Longitude: -70.9553

    Address

  • Full Address: 156 Hobart St
  • Address - House Number: 156
  • Address - Street Name: Hobart
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C016
  • 4-Digit Zip Code: 1808
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $680,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1652
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 668,706
  • High Value: 781,120
  • Low Value: 556,292

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $612,900
  • Assessed Land Value: $391,800
  • Assessed Improvements Value: $221,100

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221122002890
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:

$709,900

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2218 ft²

Average Home Age

96.2 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 73029957

Frequently Asked Questions

When was property at 156 Hobart Street built and last sold?
The property at 156 Hobart Street was built in 1915 and last sold on Nov 22, 2022 for $522,000.
How much is this home worth?
The estimated value of the home located at 156 Hobart Street is $539,258.
What are some comparable homes to 156 Hobart Street?
There are currently no comparable homes to 156 Hobart Street.
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