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Danvers 01923
2 Highland Terrace
$468,000
● House - Off Market

2 Highland Terrace

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,920 Ft²
$707,629
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

LOCATION LOCATION LOCATION!  Say goodbye to that long, draining commute, and hello to your conveniently located home!  Close to major highways, shopping retailers, movie theater and restaurants, what more could you want?  Have the luxury of owning an open living concept home in a cul-d-sac neighborhood of Danvers, while enjoying the easy accessibility of route 1 and 95.  This lovely 4 bedroom home has gorgeous gorgeous hardwood floors, newer stainless steel kitchen appliances, natural gas, plus a 1 year old central air conditioning unit!  With a good sized living room on the main level and a bonus living room in the basement, this home has enough space for everyone's needs.  Just in time for the holidays...this welcoming home will be perfect for entertaining!  Come and see this wonderful home for yourself!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$245
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1970

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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 #72248566)

Price History

Date / Event Date Event Price
Mar 23, 2018 Sold
Premium
Sold
Oct 27, 2017 Listed by Coldwell Banker Residential Brokerage - Topsfield $469,999
Listed by Coldwell Banker Residential Brokerage - Topsfield
Apr 30, 2002 Sold
Premium
Sold
Feb 14, 2002 Listed by Coldwell Banker Residential Brokerage - Topsfield $389,900
Listed by Coldwell Banker Residential Brokerage - Topsfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,325
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,404
  • Total Building Area: 2,492
  • Gross Building Area: 3,076
  • Building Area: 2,492
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,492
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000468
  • 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: 211402

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:040 L:060 P:
  • Lot: 60
  • Municipality: DANVERS
  • Latitude: 42.5698
  • Longitude: -70.9688

    Address

  • Full Address: 2 Highland Ter
  • Address - House Number: 2
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C003
  • 4-Digit Zip Code: 1404
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $707,300

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 760,391
  • High Value: 878,013
  • Low Value: 642,768

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,600
  • Assessed Land Value: $385,000
  • Assessed Improvements Value: $251,600

    Sales

  • Current Sale Recording Date: Mar 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180323003430
  • Previous Sale Recording Date: Apr 30, 2002
  • Previous Sale Amount: $375,000
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2275 ft²

Average Home Age

82.8 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# 72248566

Frequently Asked Questions

When was property at 2 Highland Terrace built and last sold?
The property at 2 Highland Terrace was built in 1970 and last sold on Jan 1, 1970 for $468,000.
How much is this home worth?
The estimated value of the home located at 2 Highland Terrace is $483,604.
What are some comparable homes to 2 Highland Terrace?
There are currently no comparable homes to 2 Highland Terrace.
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