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Danvers 01923
220 Locust Street
$740,000
● House - Off Market

220 Locust Street

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,152 Ft²
$798,366
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

$50K price improvement.  Beautiful offering.  An original "Putnam" home, rich in history, with a storybook yard.  Built by Samuel Putnam, circa 1800, this Colonial home is situated on 1.1+ acres.  The grounds feature a stone patio off the kitchen, a large open yard space and a variety of mature trees creating a wonderful sense of privacy. Original details give the home rich character.  4+ bedrooms, 3 updated baths, two staircases, hardwood floors. Updated kitchen with granite countertops, stainless steel appliances, double-ovens, and a sunny breakfast room.  A unique opportunity to own a piece of Danvers history.  Private showings, by appointment.
Unit Size
3,152 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$246
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1812

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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 #73032393)

Price History

Date / Event Date Event Price
Mar 20, 2023 Sold
Premium
Sold
Jan 6, 2023 In contract -
In contract
Sep 6, 2022 Listed by J. Barrett & Company $775,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1812
  • Effective Year Built: 1812
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,674
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,401
  • Total Building Area: 3,232
  • Gross Building Area: 4,906
  • Building Area: 3,232
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001180
  • 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:038 P:
  • Lot: 38
  • Municipality: DANVERS
  • Latitude: 42.5859
  • Longitude: -70.9375

    Address

  • Full Address: 220 Locust St
  • Address - House Number: 220
  • 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: $879,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 838,035
  • High Value: 1,011,800
  • Low Value: 664,270

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $791,400
  • Assessed Land Value: $391,700
  • Assessed Improvements Value: $399,700

    Sales

  • Current Sale Contract Date: Mar 20, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230320002370
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73032393

Frequently Asked Questions

When was property at 220 Locust Street built and last sold?
The property at 220 Locust Street was built in 1812 and last sold on Mar 20, 2023 for $740,000.
How much is this home worth?
The estimated value of the home located at 220 Locust Street is $780,825.
What are some comparable homes to 220 Locust Street?
There are currently no comparable homes to 220 Locust Street.
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