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Danvers 01923
2 Garfield Ave
$300,000
● House - Off Market

2 Garfield Ave

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,237 Ft²
$332,526
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity to make a house your own!  This small single family is being sold in "as is condition"  New roof completed in 2020 and exterior painting in 2020.  First floor family room, bedroom with large walk in closet, that leads to full bathroom, eat in kitchen with newer appliances.  Second floor considered the 2nd bedroom on town record but does not have a formal closet. Mudroom, 1st floor & first floor laundry. Tankless Rinnai system completed in 2015.  Come bring your finishing touches!
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$259
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1919

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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: 6 months ago (MLSPIN #72901877)

Price History

Date / Event Date Event Price
Mar 15, 2022 Sold
Premium
Sold
Sep 29, 2021 Listed by Five Mark Realty Group LLC $320,000
Listed by Five Mark Realty Group LLC
Oct 30, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,349
  • Total Building Area: 1,237
  • Gross Building Area: 1,753
  • Building Area: 1,237
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,237
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANTDALE
  • Land Acres: 0000000283
  • 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: 211100

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:053 L:147 P:
  • Lot: 147
  • Municipality: DANVERS
  • Latitude: 42.5613
  • Longitude: -70.9137

    Address

  • Full Address: 2 Garfield Ave
  • Address - House Number: 2
  • Address - Street Name: Garfield
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C010
  • 4-Digit Zip Code: 3408
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 506,449
  • High Value: 600,895
  • Low Value: 412,003

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,300
  • Assessed Land Value: $334,400
  • Assessed Improvements Value: $140,900

    Sales

  • Current Sale Contract Date: Mar 14, 2022
  • Current Sale Recording Date: Mar 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220315002560
  • Previous Sale Recording Date: Oct 30, 1992
  • Previous Sale Amount: $115,000
  • 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:

$719,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1983 ft²

Average Home Age

89.7 years

Currently For Sale

38 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: 6 months ago
Data Source: MLS PIN, MLS# 72901877

Frequently Asked Questions

When was property at 2 Garfield Avenue built and last sold?
The property at 2 Garfield Avenue was built in 1919 and last sold on Mar 14, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 2 Garfield Avenue is $330,512.
What are some comparable homes to 2 Garfield Avenue?
There are currently no comparable homes to 2 Garfield Avenue.
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