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Danvers 01923
2 Bayview Ter
$330,000
● House - Off Market

2 Bayview Ter

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,143 Ft²
$627,704
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

GREAT VALUE! Newly renovated kitchen with cherry cabinets, granite countertops and stainless steel appliances. Beautifully remodeled family room off of kit. with open floor plan, gorgeous hardwood floors and recessed lighting. Home also offers newer roof and vinyl siding 2007, upgraded electrical system 2007 and new furnace 2012. Enjoy your wrap around porch, which has been screened in. Close to downtown and easy access to highway.
Unit Size
1,143 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$289
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1924

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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 years ago (MLSPIN #71529110)

Price History

Date / Event Date Event Price
Aug 24, 2018 Sold
Premium
Sold
May 2, 2018 Listed by Compass $389,900
Listed by Compass
Jul 16, 2013 Sold
Premium
Sold
May 20, 2013 Listed by Compass $329,900
Listed by Compass

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 743
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,485
  • Total Building Area: 1,143
  • Gross Building Area: 2,475
  • Building Area: 1,143
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,143
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY VIEW TERRACE
  • Land Acres: 0000000195
  • 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: 211201

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:052 L:170 P:
  • Lot: 170
  • Municipality: DANVERS
  • Latitude: 42.5638
  • Longitude: -70.9306

    Address

  • Full Address: 2 Bayview Ter
  • Address - House Number: 2
  • Address - Street Name: Bayview
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C022
  • 4-Digit Zip Code: 3202
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $628,200

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 626,992
  • High Value: 736,884
  • Low Value: 517,101

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $565,400
  • Assessed Land Value: $329,600
  • Assessed Improvements Value: $235,800

    Sales

  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180824000990
  • Previous Sale Recording Date: Jul 16, 2013
  • Previous Sale Amount: $330,000
  • 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

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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 years ago
Data Source: MLS PIN, MLS# 71529110

Frequently Asked Questions

When was property at 2 Bayview Terrace built and last sold?
The property at 2 Bayview Terrace was built in 1924 and last sold on Jan 1, 1970 for $407,500.
How much is this home worth?
The estimated value of the home located at 2 Bayview Terrace is $0.
What are some comparable homes to 2 Bayview Terrace?
There are currently no comparable homes to 2 Bayview Terrace.
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