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Danvers 01923
28 Wayside Drive
$515,000
● House - Off Market

28 Wayside Drive

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,547 Ft²
$452,032
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

GREAT starter home or empty nester opportunity in Danvers! This ranch features, huge kitchen/dining/family room combo - hardwood floors, fireplace, bow windows, deck off family room, and 2 bedrooms on first floor. The basement has plenty of storage and one finished room. Carport and large yard along with mature plantings and plenty of parking complete the outside. Home needs sweat equity and may not qualify for FHA financing. Offers are due Tuesday 04/18/23 at12pm - No offers will be accepted until then. OFFERS DUE TUESDAY 12PM AND WILL NOT BE REVIEWED UNTIL THEN
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$291
Property Type
House
Property Taxes
$502
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: 5 months ago (MLSPIN #73096592)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Apr 19, 2023 In contract -
In contract
Apr 10, 2023 Listed by Century 21 North East $449,900
Listed by Century 21 North East
Apr 24, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,220
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,010
  • Total Building Area: 1,547
  • Gross Building Area: 2,874
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 211100

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:045 L:144 P:
  • Lot: 144
  • Municipality: DANVERS
  • Latitude: 42.5691
  • Longitude: -70.9094

    Address

  • Full Address: 28 Wayside Dr
  • Address - House Number: 28
  • Address - Street Name: Wayside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C023
  • 4-Digit Zip Code: 3455
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 645,904
  • High Value: 747,927
  • Low Value: 543,881

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $529,700
  • Assessed Land Value: $342,000
  • Assessed Improvements Value: $187,700

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230504002250
  • Previous Sale Recording Date: Apr 24, 1995
  • Previous Sale Amount: $157,000
  • 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

$398

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2321 ft²

Average Home Age

90.5 years

Currently For Sale

41 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: 5 months ago
Data Source: MLS PIN, MLS# 73096592

Frequently Asked Questions

When was property at 28 Wayside Drive built and last sold?
The property at 28 Wayside Drive was built in 1955 and last sold on May 4, 2023 for $515,000.
How much is this home worth?
The estimated value of the home located at 28 Wayside Drive is $469,792.
What are some comparable homes to 28 Wayside Drive?
There are currently no comparable homes to 28 Wayside Drive.
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