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Danvers 01923
176 Locust St.
$570,000
● House - Off Market

176 Locust St.

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,734 Ft²
$3,071
Est. Monthly

About This Property

This beautiful .39 acre corner lot located in Smith School district, near St. Johns Prep & St. Mary's can be your next location to design your new home. Current home does have newer kitchen, roof and updated electrical but needs significant rehab inside. Steam boiler and heat, some water seepage under front door. Dirt basement gets water only in heavy rains. Buyer responsible for due diligence, possible second lot. SELLERS TO FIND SUITABLE HOUSING-ACTIVELY LOOKING.
Unit Size
1,734 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$309
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1860

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (MLSPIN #73180606)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Nov 21, 2023 In contract -
In contract
Nov 15, 2023 Listed by J. Barrett & Company $535,000
Listed by J. Barrett & Company
Jul 17, 2008 Sold
Premium
Sold
Oct 22, 2007 Listed by J. Barrett & Company $259,900
Listed by J. Barrett & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1973
  • 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: 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: 500
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,123
  • Total Building Area: 1,734
  • Gross Building Area: 2,278
  • Building Area: 1,734
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,734
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000393
  • 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: R2

Geography

  • Parcel: DANV M:027 L:032 P:
  • Lot: 32
  • Municipality: DANVERS
  • Latitude: 42.5823
  • Longitude: -70.9374

    Address

  • Full Address: 176 Locust St
  • Address - House Number: 176
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 1645
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $563,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 633,235
  • High Value: 780,061
  • Low Value: 486,410

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $507,400
  • Assessed Land Value: $329,300
  • Assessed Improvements Value: $178,100

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231220001610
  • Previous Sale Recording Date: Jul 17, 2008
  • Previous Sale Amount: $271,300
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73180606

Frequently Asked Questions

When was property at 176 Locust Street built and last sold?
The property at 176 Locust Street was built in 1860 and last sold on Dec 20, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 176 Locust Street is $542,862.
What are some comparable homes to 176 Locust Street?
There are currently no comparable homes to 176 Locust Street.
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