16 Water St
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 |
|---|---|---|---|
| Feb 14, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Listed by Lyv Realty | $499,900 | |
| Listed by Lyv Realty | |||
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Welcome to 16 Water St - an adorable 3bd, 1.5 bath gem in the fantastic community of Danvers - finally, a place to call your own is within reach! Perfectly sized for cozy living, this home offers a functional layout to maximize space. Main level features an eat-in kitchen, half bath, bright living room and main level laundry! Upstairs you will find 3 bedrooms, including the primary with double door closet space!, and a full bathroom. The huge yard is a standout feature. 7840 square feet of fenced-in land make possibilities endless - host, play, garden, build an epic she-shed or man cave!, etc!. Home has been well-maintained and is immaculate. Updates have been made throughout - furnace is less than 5 yrs old. Basement is full, clean and dry - great for storage! Close to parks, schools and shopping - a great place to settle down, grow some roots and stop paying rent! A truly superb value for a home in such good condition in a wonderful community!
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| Oct 10, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Aug 1, 2022 | Listed by Century 21 North East | $489,900 | |
| Listed by Century 21 North East | |||
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Move-in condition 3-bedroom, 1.5 bath Colonial with 6+ car off-street parking. Property is completely fenced in with huge private back yard ready for barbecues, basketball games and lots of parties. Close to Route 128, shopping malls and restaurants. House has been completely remodeled. The first floor consists of an updated eat-in-kitchen with top-of-the line appliances, large living room, and half bath. Second floor consists of three bedrooms, linen closet and a full bath. There is a pull-down attic that is fully insulated.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017