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Danvers 01923
27 Lakeview Ave
$825,000
● House - Off Market

27 Lakeview Ave

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,869 Ft²
$921,262
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Located in Danvers, North Shore's prime development on Putnam Reservoir (fishing and non-motorized boats allowed). This well maintained two-story 1994 custom-built colonial (2x6 Construction) with 4 bedrooms, 2 full baths + 2 half Baths, features an open floor plan with recently renovated large kitchen with breakfast nook area, large master bedroom suite with cathedral ceilings, balcony and walk-in closet. The first floor deck overlooking valley provides breath-taking foliage view. The large rolling backyard on side of hill surrounded by tall trees providing privacy. Easy access to major highways and commuter train station to Boston within 4 miles. Driveway with plenty of street parking. Finished walkout basement with half bath and plenty of storage space.
Unit Size
2,869 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$279
Property Type
House
Property Taxes
$796
HOA Dues
-
Year Built
1994

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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: 5 years ago (MLSPIN #72825402)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Boardwalk Realty Group $800,000
Listed by Boardwalk Realty Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,364
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,700
  • Total Building Area: 3,386
  • Gross Building Area: 4,264
  • Building Area: 3,386
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,386
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 17222-E & 17222-F
  • Land Acres: 0000000751
  • 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:001 L:011 P:
  • Lot: 11
  • Municipality: DANVERS
  • Latitude: 42.6087
  • Longitude: -70.9445

    Address

  • Full Address: 27 Lakeview Ave
  • Address - House Number: 27
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1260
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,091,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,069,457
  • High Value: 1,238,382
  • Low Value: 900,531

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $982,800
  • Assessed Land Value: $443,000
  • Assessed Improvements Value: $539,800

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210625006300
  • Previous Sale Recording Date: Jun 25, 2014
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2254 ft²

Average Home Age

88.6 years

Currently For Sale

37 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: 5 years ago
Data Source: MLS PIN, MLS# 72825402

Frequently Asked Questions

When was property at 27 Lakeview Avenue built and last sold?
The property at 27 Lakeview Avenue was built in 1994 and last sold on Jun 22, 2021 for $825,000.
How much is this home worth?
The estimated value of the home located at 27 Lakeview Avenue is $0.
What are some comparable homes to 27 Lakeview Avenue?
There are currently no comparable homes to 27 Lakeview Avenue.
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