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Danvers 01923
16 Princeton St
$517,000
● House - Off Market

16 Princeton St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,706 Ft²
$500,860
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Opportunity Alert! This 3 bed, 1.5 bath has endless potential. If you have been looking for a single-level home that would allow for open concept Living/Dining/Kitchen, this is the place to put your creative designs to work. This home has full sun exposure letting in lots of natural light to each room. The screened porch off the office/mudroom would be a great place to enjoy summer evenings. With just over .5 an acre, this large lot and ample driveway would be great for any buyer. This home is nestled in the desirable Woodvale neighborhood and is in close proximity to Downtown, Proctor Farm, Cherry Hill, Rte 128, Danvers HS, Rail Trail, beaches and more.  Property is being sold in "AS IS" condition. Buyer to conduct their own due diligence. All offers due March 30th by 2pm.
Unit Size
1,706 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$252
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1960

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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 years ago (MLSPIN #72801458)

Price History

Date / Event Date Event Price
May 28, 2021 Sold
Premium
Sold
Mar 20, 2021 Listed by eXp Realty $429,990
Listed by eXp Realty

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,015
  • Total Building Area: 1,706
  • Gross Building Area: 2,156
  • Building Area: 1,706
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 1,706
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000505
  • 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: 211300

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:022 L:032 P:
  • Lot: 32
  • Municipality: DANVERS
  • Latitude: 42.5858
  • Longitude: -70.9285

    Address

  • Full Address: 16 Princeton St
  • Address - House Number: 16
  • Address - Street Name: Princeton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 1718
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $653,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 683,106
  • High Value: 791,006
  • Low Value: 575,207

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $588,600
  • Assessed Land Value: $393,400
  • Assessed Improvements Value: $195,200

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20210528004440
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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2259 ft²

Average Home Age

86.7 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72801458

Frequently Asked Questions

When was property at 16 Princeton Street built and last sold?
The property at 16 Princeton Street was built in 1960 and last sold on May 27, 2021 for $517,000.
How much is this home worth?
The estimated value of the home located at 16 Princeton Street is $0.
What are some comparable homes to 16 Princeton Street?
There are currently no comparable homes to 16 Princeton Street.
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