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Danvers 01923
162 Hobart St
$510,000
● House - Off Market

162 Hobart St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,940 Ft²
$525,757
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Built-in 1852, with a distinctive gable roof. This property combines the charm of an antique with modern convenience. A unique floor plan that is extended into the back of the home, a sunroom that leads into a one-car garage converted from original horse stalls. Above the garage are extra rooms for possible extended bedrooms and bathroom. The main house has an eat-in kitchen, living room with exposed pine floors, 4 bedrooms, and one and a half bathrooms. Beautiful fenced-in flat yard; perfect for entertaining! The location brings lots of value to the home. Short distance to Highland school, Senior center with soccer fields, Endicott Park, Rail trail, and Clark farm. Centrally located to Route 62, Route 1, and 128. Close to downtown, fine dining such as 9 Elm, Liberty Tree Mall, and North Shore Mall.
Unit Size
1,940 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$270
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1852

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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 #73107481)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 18, 2023 In contract -
In contract
May 4, 2023 Listed by Savage Realty Group $524,000
Listed by Savage Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1852
  • Effective Year Built: 1852
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,940
  • Gross Building Area: 3,740
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: 211402

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:041 L:113 P:
  • Lot: 113
  • Municipality: DANVERS
  • Latitude: 42.566
  • Longitude: -70.9559

    Address

  • Full Address: 162 Hobart St
  • Address - House Number: 162
  • Address - Street Name: Hobart
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C016
  • 4-Digit Zip Code: 1808
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $610,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 494,368
  • High Value: 534,060
  • Low Value: 454,676

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $549,700
  • Assessed Land Value: $321,500
  • Assessed Improvements Value: $228,200

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230630004130
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:

$699,900

Sale Price/ft²

$398

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2267 ft²

Average Home Age

93.4 years

Currently For Sale

39 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 months ago
Data Source: MLS PIN, MLS# 73107481

Frequently Asked Questions

When was property at 162 Hobart Street built and last sold?
The property at 162 Hobart Street was built in 1852 and last sold on Jun 30, 2023 for $510,000.
How much is this home worth?
The estimated value of the home located at 162 Hobart Street is $535,827.
What are some comparable homes to 162 Hobart Street?
There are currently no comparable homes to 162 Hobart Street.
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