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Danvers 01923
285 Andover St
$450,000
● House - Off Market

285 Andover St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,256 Ft²
$2,425
Est. Monthly

About This Property

Introducing a Diamond in the Rough: A Charming 1955 ranch style Home Ready for Your Vision! Convenience is key, with easy access to major routes, close proximity to shopping centers, a diverse array of restaurants, and a host of recreational facilities promise a lifestyle of comfort and entertainment. Nestled on an expansive 22,000+ square feet of land, this ranch style home offers a canvas of endless possibilities. Boasting three bedrooms and one bath, this home is an opportunity to craft your dream living space. Don't miss this rare opportunity.  Embrace the potential and make this cherished residence your own.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$318
Property Type
House
Property Taxes
$461
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 #73174257)

Price History

Date / Event Date Event Price
Jan 4, 2024 Sold
Premium
Sold
Nov 3, 2023 In contract -
In contract
Oct 24, 2023 Listed by Kody & Company, Inc. $400,000
Listed by Kody & Company, Inc.
Aug 22, 2014 Sold
Premium
Sold
Apr 18, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,004
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,882
  • Total Building Area: 1,256
  • Gross Building Area: 2,700
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000525
  • 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:039 L:077 P:
  • Lot: 77
  • Municipality: DANVERS
  • Latitude: 42.5679
  • Longitude: -70.9851

    Address

  • Full Address: 285 Andover St
  • Address - House Number: 285
  • Address - Street Name: Andover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C037
  • 4-Digit Zip Code: 1345
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $561,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 600,037
  • High Value: 707,444
  • Low Value: 492,630

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,600
  • Assessed Land Value: $334,400
  • Assessed Improvements Value: $171,200

    Sales

  • Current Sale Contract Date: Nov 16, 2023
  • Current Sale Recording Date: Jan 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20240104001260
  • Previous Sale Recording Date: Aug 22, 2014
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 34
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

2275 ft²

Average Home Age

82.8 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# 73174257

Frequently Asked Questions

When was property at 285 Andover Street built and last sold?
The property at 285 Andover Street was built in 1955 and last sold on Nov 16, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 285 Andover Street is $401,550.
What are some comparable homes to 285 Andover Street?
There are currently no comparable homes to 285 Andover Street.
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