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Danvers 01923
26 Preston Street
$400,000
● House - Off Market

26 Preston Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,216 Ft²
$651,179
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Move-in ready, freshly painted 3 bedroom Ranch style home.  The kitchen consists of custom maple cabinets, granite counter tops, recessed lighting, and the Whirlpool White Ice Appliance Collection.  Recently refinished Hardwood floors and new windows.  The bathroom was updated with tile flooring, tub surround and a granite top vanity.  Winter time enjoy the warm cozy feeling of the living room fireplace with a gas insert and in the summer relax or entertain on the composite deck overlooking the spacious, fenced in back yard.
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$345
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1955

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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 #72190450)

Price History

Date / Event Date Event Price
Aug 30, 2017 Sold
Premium
Sold
Jun 28, 2017 Listed by Keller Williams Realty Evolution $419,000
Listed by Keller Williams Realty Evolution
Feb 21, 1991 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,242
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,604
  • Total Building Area: 1,863
  • Gross Building Area: 2,968
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000266
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:012 L:012 P:
  • Lot: 12
  • Municipality: DANVERS
  • Latitude: 42.5897
  • Longitude: -70.9733

    Address

  • Full Address: 26 Preston St
  • Address - House Number: 26
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C029
  • 4-Digit Zip Code: 4040
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,400

    Appraisal Valuation

  • Standard Deviation: 0.1607
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 665,509
  • High Value: 782,152
  • Low Value: 548,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,700
  • Assessed Land Value: $324,400
  • Assessed Improvements Value: $258,300

    Sales

  • Current Sale Recording Date: Aug 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 406
  • Previous Sale Recording Date: Feb 21, 1991
  • Previous Sale Amount: $122,500
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72190450

Frequently Asked Questions

When was property at 26 Preston Street built and last sold?
The property at 26 Preston Street was built in 1955 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 26 Preston Street is $425,226.
What are some comparable homes to 26 Preston Street?
There are currently no comparable homes to 26 Preston Street.
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