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Danvers 01923
16 Bayview Terrace
$404,000
● House - Off Market

16 Bayview Terrace

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,573 Ft²
$620,096
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

BOM due to  buyer financing 2 days before closing!  Conveniently located in the desirable Back Bay area near Plains Park this older style colonial has much to offer including wood floors throughout most of the home, newer bathrooms and kitchen.  The spacious kitchen  has wood countertops, stainless appliances, a tile floor, and opens to an over-sized mud room. The home maintains its old-world charm with a built-in china cabinet in the formal dining room and a bay window to match the one in the living room.  There are three generous bedrooms and the master BR has a walk-in closet which could double as a nursery or office.  There are two full updated baths, a second floor laundry and a walk-up attic.  A storage shed and large yard complete this special home!
Unit Size
1,573 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$254
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #72147960)

Price History

Date / Event Date Event Price
Aug 7, 2017 Sold
Premium
Sold
Apr 19, 2017 Listed by Keller Williams Realty Evolution $399,000
Listed by Keller Williams Realty Evolution
Sep 4, 2015 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 849
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,901
  • Total Building Area: 1,573
  • Gross Building Area: 2,961
  • Building Area: 1,573
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,573
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000227
  • 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:179 P:
  • Lot: 179
  • Municipality: DANVERS
  • Latitude: 42.563
  • Longitude: -70.9295

    Address

  • Full Address: 16 Bayview Ter
  • Address - House Number: 16
  • Address - Street Name: Bayview
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C022
  • 4-Digit Zip Code: 3217
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $615,900

    Appraisal Valuation

  • Standard Deviation: 0.1607
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 650,520
  • High Value: 764,535
  • Low Value: 536,505

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $554,400
  • Assessed Land Value: $335,600
  • Assessed Improvements Value: $218,800

    Sales

  • Current Sale Recording Date: Aug 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 289
  • Previous Sale Recording Date: Sep 04, 2015
  • Previous Sale Amount: $325,000
  • 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:

$699,000

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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72147960

Frequently Asked Questions

When was property at 16 Bayview Terrace built and last sold?
The property at 16 Bayview Terrace was built in 1930 and last sold on Jan 1, 1970 for $404,000.
How much is this home worth?
The estimated value of the home located at 16 Bayview Terrace is $0.
What are some comparable homes to 16 Bayview Terrace?
There are currently no comparable homes to 16 Bayview Terrace.
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