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Danvers 01923
2 Washington Street Ext
$590,000
● House - Off Market

2 Washington Street Ext

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,545 Ft²
$545,927
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

So much potential in this charming cape style home located on a dead end street. Solid home with hardwood floors throughout. Come into the home to the large porch/entryway that could be a mud room or play room which leads to the living room, family room, dining room and eat in kitchen.  Second floor has three bedrooms, plenty of closet space and a full bath.  Off the kitchen is a large sunroom with sliders overlooking the spacious fenced yard. There is some space that is finished in basement with full bath (not heated). Newer electrical panel, roof. Beautiful mature plantings. This home is waiting for your updates!
Unit Size
1,545 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$356
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1920

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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 #73135073)

Price History

Date / Event Date Event Price
Aug 18, 2023 Sold
Premium
Sold
Jul 18, 2023 In contract -
In contract
Jul 12, 2023 Listed by Coldwell Banker Realty - Beverly $549,900
Listed by Coldwell Banker Realty - Beverly
Sep 15, 2000 Sold
Premium
Sold
Mar 28, 2000 Listed $164,900
Listed
NO BUILDER TIE-IN! GREAT OPPORTUNITY TO BUILD YOUR DREAM HOME. BEAUTIFUL HILLTOP WOODED SETTING-DRIVEWAY APPROXIMATELY 300FT. APPROVED SEPTIC DESIGN INCLUDED. READY FOR SPRING BUILDING. ACT QUICKLY!!!

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 930
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,545
  • Gross Building Area: 3,414
  • Building Area: 1,545
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,545
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: 211202

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:050 L:053 P:
  • Lot: 53
  • Municipality: DANVERS
  • Latitude: 42.5617
  • Longitude: -70.9522

    Address

  • Full Address: 2 Washington St
  • Address - House Number: 2
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $618,800

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 627,686
  • High Value: 741,216
  • Low Value: 514,155

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,000
  • Assessed Land Value: $328,500
  • Assessed Improvements Value: $228,500

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20230818003440
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 months ago
Data Source: MLS PIN, MLS# 73135073

Frequently Asked Questions

When was property at 2 Washington Street Extension built and last sold?
The property at 2 Washington Street Extension was built in 1920 and last sold on Aug 18, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 2 Washington Street Extension is $562,539.
What are some comparable homes to 2 Washington Street Extension?
There are currently no comparable homes to 2 Washington Street Extension.
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