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Danvers 01923
289 Locust St
$385,000
● House - Off Market

289 Locust St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,577 Ft²
$548,072
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Offers to be reviewed Tuesday 5/2 AM Gabled Colonial featuring 4 bedrooms, 1.25 baths. Enjoy the great outdoors on this more than half acre cleared, flat and level lot and over sized garage/ work space and a 4 car driveway!  Room for the family in this big sun drenched living room with large picture windows.  Cozy fireplaced family room with coffered ceiling,  freshly refinished hardwood maple floors throughout. 3 seasons room, side entry with mudroom and laundry. Freshly painted interior and exterior and professionally landscaped. Updated electrical including new lighting and circuit breaker panel, and 200 amp service. New water heater. Clean, move in condition.
Unit Size
1,577 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$222
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1860

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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: 5 months ago (MLSPIN #72152758)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Apr 25, 2017 Listed by Atlantic Coast Homes,Inc $349,900
Listed by Atlantic Coast Homes,Inc
Mar 16, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 504
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,060
  • Total Building Area: 1,409
  • Gross Building Area: 2,348
  • Building Area: 1,409
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,409
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000575
  • 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: 211300

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:015 L:044 P:
  • Lot: 44
  • Municipality: DANVERS
  • Latitude: 42.592
  • Longitude: -70.9387

    Address

  • Full Address: 289 Locust St
  • Address - House Number: 289
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1155
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $659,000

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 634,491
  • High Value: 773,271
  • Low Value: 495,711

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $593,200
  • Assessed Land Value: $379,300
  • Assessed Improvements Value: $213,900

    Sales

  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 545
  • Previous Sale Recording Date: Mar 16, 2017
  • Previous Sale Amount: $240,000
  • 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72152758

Frequently Asked Questions

When was property at 289 Locust Street built and last sold?
The property at 289 Locust Street was built in 1860 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 289 Locust Street is $367,035.
What are some comparable homes to 289 Locust Street?
There are currently no comparable homes to 289 Locust Street.
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