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Danvers 01923
24 Spring Street
$495,000
● House - Off Market

24 Spring Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,748 Ft²
$704,244
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Warm and Welcoming Cape in the sought after St.John's neighborhood. Move in ready 3 bedroom with updated kitchen and 2 full baths. The first floor features hardwood throughout, fire-placed living room, kitchen, dining area, full bath and large bedroom with the option for a first floor master. The dormered second floor offers two bedrooms and full bath including a beautifully finished over-sized master with walk-in closet. Additional feature include: 1 car garage attached with breezeway, central air, newly finished bonus space in the lower level and a paver patio overlooking a spacious back yard perfect for entertaining.
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$272
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1950

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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 #72283983)

Price History

Date / Event Date Event Price
May 1, 2018 Sold
Premium
Sold
Feb 21, 2018 Listed by J. Barrett & Company $474,900
Listed by J. Barrett & Company
Aug 24, 2012 Sold
Premium
Sold
Mar 7, 2012 Listed by J. Barrett & Company $379,000
Listed by J. Barrett & Company
Jun 30, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 880
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,149
  • Total Building Area: 1,746
  • Gross Building Area: 2,990
  • Building Area: 1,746
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,746
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DANVERS
  • Land Acres: 0000000440
  • 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: R3

Geography

  • Parcel: DANV M:025 L:071 P:
  • Lot: 71
  • Municipality: DANVERS
  • Latitude: 42.5806
  • Longitude: -70.9565

    Address

  • Full Address: 24 Spring St
  • Address - House Number: 24
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1545
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $718,500

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 748,713
  • High Value: 864,693
  • Low Value: 632,732

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $646,700
  • Assessed Land Value: $381,100
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Recording Date: May 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180501004870
  • Previous Sale Recording Date: Aug 24, 2012
  • Previous Sale Amount: $376,500
  • 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

2261 ft²

Average Home Age

82.2 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# 72283983

Frequently Asked Questions

When was property at 24 Spring Street built and last sold?
The property at 24 Spring Street was built in 1950 and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 24 Spring Street is $488,194.
What are some comparable homes to 24 Spring Street?
There are currently no comparable homes to 24 Spring Street.
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