16 Bayview Ave
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 13, 2024 | Listed by Leading Edge Real Estate | $599,000 | |
| Listed by Leading Edge Real Estate | |||
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This is your opportunity to own a charming home in an ideal LOCATION! This 3 bedroom Colonial is steps away from downtown Danvers in the desirable Back Bay area of Plains Park. Close to the Rail Trail, multiple parks and playgrounds and on a quiet side street, yet super convenient to the highway and local amenities. Relax on your newly renovated covered front porch and then enjoy the hardwood floors upon entering through the brand new energy efficient doors (front and back). The first level includes your living room, kitchen with granite counters and stainless steel appliances, which opens to your dining room and also out to your backdoor mudroom where you can escape to your fully fenced yard with patio and hot tub right outside the backdoor! The first floor also has your half bath for added convenience. Upstairs you will find three bedrooms, full bath, brand new windows, and yes - hardwood floors throughout! Plenty of storage in the fully water proofed basement along with laundry.
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| Feb 28, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed by Armstrong Field Real Estate | $439,900 | |
| Listed by Armstrong Field Real Estate | |||
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Its all about the LOCATION!! This warm and welcoming Old Style Colonial in desirable Back Bay area of Plains Park has so much to offer! Lovely honey colored hardwood floors throughout the house! Spacious, open and updated kitchen features white cabinets, granite countertops, and stainless steel appliances. Large dining room with oversized windows and built in cabinet/hutch is perfect for all your dinnerware and spot to gather! Warm and cozy living room and back door mudroom with pantry off the kitchen complete the first floor. The second floor features 3 bedrooms and a full bath with large master bedroom with a walk in closet! Private fenced-in backyard, with a new hot tub and large beautiful patio is easy to maintain and perfect for entertaining! 200 Amp electrical panel. You will enjoy relaxing on your front porch as soon as warm weather arrives as you can walk to downtown Danvers with convenience to Routes 1 and 128. This home is just waiting to welcome its new owners!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017