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Danvers 01923
18 Richards St
$329,000
● House - Off Market

18 Richards St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,511 Ft²
$590,323
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Period Colonial  in need of a little TLC to bring to its full beauty and located  in desirable neighborhood of higher priced homes on dead end street  . Ideal opportunity for HOME OFFICE WITH SEPARATE ENTRANCE .The classic period details, sky lit master bedroom and 1 1/2 baths,  wood floors and elegant staircase, formal dining room with wainscoting and built in china cabinet showcase the potential.  Spacious kitchen with access to enclosed heated back porch/family room  overlooks level lot.  Roof and heating system are newer and many windows replaced. Potential for finished basement with private entrance.  Don't  miss this value opportunity in today's market.  Home is being sold "as is".
Unit Size
1,511 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$224
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1925

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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: 4 months ago (MLSPIN #71823167)

Price History

Date / Event Date Event Price
Jun 12, 2015 Sold
Premium
Sold
Apr 22, 2015 Listed by Keller Williams Realty Evolution $339,000
Listed by Keller Williams Realty Evolution
Aug 27, 2009 Sold
Premium
Sold
Apr 28, 2009 Listed by Keller Williams Realty Evolution $319,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 650
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,700
  • Total Building Area: 1,511
  • Gross Building Area: 2,806
  • Building Area: 1,511
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,511
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • 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:035 L:028 P:
  • Lot: 28
  • Municipality: DANVERS
  • Latitude: 42.5734
  • Longitude: -70.9426

    Address

  • Full Address: 18 Richards St
  • Address - House Number: 18
  • Address - Street Name: Richards
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C027
  • 4-Digit Zip Code: 2127
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $592,300

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 613,084
  • High Value: 723,974
  • Low Value: 502,194

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $533,100
  • Assessed Land Value: $319,300
  • Assessed Improvements Value: $213,800

    Sales

  • Current Sale Recording Date: Jun 12, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 636
  • Previous Sale Recording Date: Aug 27, 2009
  • Previous Sale Amount: $308,500
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2254 ft²

Average Home Age

88.6 years

Currently For Sale

37 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: 4 months ago
Data Source: MLS PIN, MLS# 71823167

Frequently Asked Questions

When was property at 18 Richards Street built and last sold?
The property at 18 Richards Street was built in 1925 and last sold on Jan 1, 1970 for $329,000.
How much is this home worth?
The estimated value of the home located at 18 Richards Street is $355,456.
What are some comparable homes to 18 Richards Street?
There are currently no comparable homes to 18 Richards Street.
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