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Danvers 01923
196 Locust St
$765,000
● House - Off Market

196 Locust St

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,124 Ft²
$789,430
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Charming antique style home with 5 beds 2.5 baths! This beautiful home has all the amenities you desire including an open kitchen layout with stainless steel appliances, gas cooking, wine fridge, and recessed lighting. Gorgeous sun filled primary suite with en suite bathroom, walk in closet, and office! Mix of hardwood and wide pine floors throughout. Six fireplaces! Some upgrades include a new refrigerator, new replacement parts on the furnace, a lifetime maintenance free gutter system,12 new windows, and an outdoor fire pit. Huge fenced in yard, pergola, hot tub, ample parking, greenhouse, and shed. Home is set back and on almost 1/2 acre!
Unit Size
3,124 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$249
Property Type
House
Property Taxes
$646
HOA Dues
-
Year Built
1700

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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 #72954201)

Price History

Date / Event Date Event Price
May 6, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by Redfin Corp. $779,000
Listed by Redfin Corp.
Dec 18, 2020 Sold
Premium
Sold
Nov 10, 2020 Listed by Redfin Corp. $659,000
Listed by Redfin Corp.
Jun 30, 2017 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1700
  • Effective Year Built: 1700
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 1
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 962
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,708
  • Total Building Area: 3,124
  • Gross Building Area: 5,536
  • Building Area: 3,124
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,124
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE STADIUM
  • Land Acres: 0000000475
  • 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:021 L:034 P:
  • Lot: 34
  • Municipality: DANVERS
  • Latitude: 42.5839
  • Longitude: -70.9372

    Address

  • Full Address: 196 Locust St
  • Address - House Number: 196
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1611
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $812,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 826,420
  • High Value: 967,409
  • Low Value: 685,432

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $730,900
  • Assessed Land Value: $378,300
  • Assessed Improvements Value: $352,600

    Sales

  • Current Sale Contract Date: May 03, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220506001930
  • Previous Sale Recording Date: Dec 18, 2020
  • Previous Sale Contract Date: Dec 16, 2020
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: O
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72954201

Frequently Asked Questions

When was property at 196 Locust Street built and last sold?
The property at 196 Locust Street was built in 1700 and last sold on May 3, 2022 for $765,000.
How much is this home worth?
The estimated value of the home located at 196 Locust Street is $780,609.
What are some comparable homes to 196 Locust Street?
There are currently no comparable homes to 196 Locust Street.
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