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Danvers 01923
286 Locust St
Photo of 286 Locust St
Sold on Apr 10, 2025

30

Map

Photo of 286 Locust St
Photo of 286 Locust St
$475,000
● House - Off Market

286 Locust St

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,132 Ft²
$2,485
Est. Monthly
6.23%
Cap Rate

About This Property

Welcome to this fantastic single-family ranch home, tucked away in a private setting. Offering a great opportunity to get into Danvers at an affordable price, this charming property features 5 rooms and 2+ bedrooms, perfect for those looking for a cozy and functional layout. The home has been freshly painted inside and boasts new carpets throughout, creating a clean and inviting space. While it will need some updates to truly make it shine, the potential here is endless. Set back off the road, you'll enjoy privacy and tranquility on a large lot, all while being conveniently located near St Johns Prep, Rt 1 and Rt 95. Don't miss your chance to transform this home into your ideal retreat!
Unit Size
1,132 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$367
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73341377)

Price History

Date / Event Date Event Price
Apr 10, 2025 Sold
Premium
Sold
Mar 11, 2025 In contract -
In contract
Mar 5, 2025 Listed $415,000
Listed
Sep 29, 2006 Sold
Premium
Sold
Mar 11, 2006 Listed $369,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,401
  • Total Building Area: 1,132
  • Gross Building Area: 1,242
  • Building Area: 1,132
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,132
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • 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:015 L:021 P:
  • Lot: 21
  • Municipality: DANVERS
  • Latitude: 42.5918
  • Longitude: -70.9394

    Address

  • Full Address: 286 Locust St
  • Address - House Number: 286
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1154
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $540,400

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 593,895
  • High Value: 684,953
  • Low Value: 502,837

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $486,400
  • Assessed Land Value: $336,800
  • Assessed Improvements Value: $149,600

    Sales

  • Current Sale Recording Date: Sep 29, 2006
  • Current Sale Price:
    Premium
  • Current 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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# 73341377

Frequently Asked Questions

When was property at 286 Locust Street built and last sold?
The property at 286 Locust Street was built in 1950 and last sold on Jan 1, 1970 for $355,000.
How much is this home worth?
The estimated value of the home located at 286 Locust Street is $425,524.
What are some comparable homes to 286 Locust Street?
There are currently no comparable homes to 286 Locust Street.
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