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Danvers 01923
28 Central Ave.
$550,000
● House - Off Market

28 Central Ave.

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,676 Ft²
$536,068
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

This solid gambrel home has stood the test of time. 9 rooms, 4 bedrooms, 1.5  baths, hardwood floors and a sunroom are a few of the amenities. You'll appreciate the newer heating system, roof, and oversized 1 car garage with plenty of additional parking. This family home is waiting for your personal updates. Conveniently located close to Plains Park, and within walking distance to downtown restaurants and shops.
Unit Size
1,676 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$298
Property Type
House
Property Taxes
$480
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 #73049016)

Price History

Date / Event Date Event Price
Nov 18, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Oct 17, 2022 Listed by RE/MAX 360 $499,900
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,676
  • Gross Building Area: 2,609
  • Building Area: 1,676
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,676
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: R1

Geography

  • Parcel: DANV M:043 L:063 P:
  • Lot: 63
  • Municipality: DANVERS
  • Latitude: 42.5676
  • Longitude: -70.9335

    Address

  • Full Address: 28 Central Ave
  • Address - House Number: 28
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C036
  • 4-Digit Zip Code: 2908
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $613,500

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 650,335
  • High Value: 764,631
  • Low Value: 536,039

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $552,200
  • Assessed Land Value: $319,200
  • Assessed Improvements Value: $233,000

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221118001200
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# 73049016

Frequently Asked Questions

When was property at 28 Central Avenue built and last sold?
The property at 28 Central Avenue was built in 1920 and last sold on Nov 18, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 28 Central Avenue is $515,548.
What are some comparable homes to 28 Central Avenue?
There are currently no comparable homes to 28 Central Avenue.
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