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Danvers 01923
16 Overlook Dr
Photo of 16 Overlook Dr
Sold on Sep 17, 2007

1

Map

$404,500
● House - Off Market

16 Overlook Dr

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,964 Ft²
$801,651
RealtyHop Estimate
89.07%
Since Oct 1, 2007
MA-Boston
Primary Model

About This Property

OPEN HOUSE THIS SUNDAY AUG 5TH 11AM - 1PM, YOUNG CLASSIC 10RM 4BDRM 3 1/2 BTH HILLSIDE COLONIAL WITH SWEEPING VIEWS OF TREE TOPS & SKYLINE, PRIVATE SETTING, LOW MAINTENCE YARD, WITH PLAYGROUND JUST A SHORT DISTANCE AWAY, HARDWOOD FLOORS THRU OUT, LARGE COUNTRY KITCHEN, FIREPLACED LIVINGROOM, MASTER SUITE WITH WALK-IN CLOSET AND FULL BATH, BEAUTIFUL FINISHED WALK-OUT LOWER LEVEL WITH, OVERSIZED WINDOWS, JACUZZI BATH & RECESSED LIGHTING.. WHAT A VALUE !! DON'T MISS OUT
Unit Size
2,964 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$143
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1995

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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 #70623939)

Price History

Date / Event Date Event Price
Sep 18, 2007 Sold
Premium
Sold
Aug 1, 2007 Listed $424,000
Listed
Jul 15, 1999 Sold
Premium
Sold
Mar 3, 1999 Listed $264,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,791
  • Total Building Area: 2,964
  • Gross Building Area: 3,170
  • Building Area: 2,964
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,964
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND DANVERS
  • Land Acres: 0000000523
  • 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: 211100

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:045 L:176 P:
  • Lot: 176
  • Municipality: DANVERS
  • Latitude: 42.5668
  • Longitude: -70.9111

    Address

  • Full Address: 16 Overlook Dr
  • Address - House Number: 16
  • Address - Street Name: Overlook
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C023
  • 4-Digit Zip Code: 3466
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $844,600

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 850,611
  • High Value: 994,510
  • Low Value: 706,711

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $760,200
  • Assessed Land Value: $347,500
  • Assessed Improvements Value: $412,700

    Sales

  • Current Sale Recording Date: Sep 18, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 15, 1999
  • Previous Sale Amount: $247,000
  • Previous Sale Document Type: 27
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:

$709,950

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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70623939

Frequently Asked Questions

When was property at 16 Overlook Drive built and last sold?
The property at 16 Overlook Drive was built in 1995 and last sold on Jan 1, 1970 for $404,500.
How much is this home worth?
The estimated value of the home located at 16 Overlook Drive is $459,075.
What are some comparable homes to 16 Overlook Drive?
There are currently no comparable homes to 16 Overlook Drive.
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