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Danvers 01923
291 Locust St
$590,000
● House - Off Market

291 Locust St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,456 Ft²
$636,589
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Builders-Lovers of land!!!  This 1.75 acre parcel of beautiful land has a charming Bungalow-built in 1879-being sold "as is" with 1456 sqft, enhanced by a row of Rhododendron bushes in the front.  Sun-filled rooms on the first floor-open floor plan with living room and dining rm, galley white kitchen, den and bedroom. On the second are 3 bedrooms plus full bath. Two separate out-buildings-one is heated by propane:  the other is for storage and garden equipment.  Two year old Buderus FHW heating system.  The real "gem" here is the sprawling land-potential to build your "dream" house -buyers to do own due diligence.  Direct access to Danvers Rail-Trail by steps.  Down the street from Connors Farmstand, Putnamville Reservoir, Ipswich River, and the Topsfield line.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
1.75 acres
Price per sqft
$398
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1879

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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 #72923762)

Price History

Date / Event Date Event Price
Jan 31, 2022 Sold
Premium
Sold
Nov 29, 2021 Listed by Coldwell Banker Realty - Topsfield $579,999
Listed by Coldwell Banker Realty - Topsfield
Sep 28, 2001 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1879
  • Effective Year Built: 1879
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 714
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 76,230
  • Total Building Area: 1,456
  • Gross Building Area: 2,641
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001750
  • 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:045 P:
  • Lot: 45
  • Municipality: DANVERS
  • Latitude: 42.5923
  • Longitude: -70.9386

    Address

  • Full Address: 291 Locust St
  • Address - House Number: 291
  • 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: $669,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2034
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 651,362
  • High Value: 784,165
  • Low Value: 518,559

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $602,600
  • Assessed Land Value: $409,100
  • Assessed Improvements Value: $193,500

    Sales

  • Current Sale Contract Date: Jan 31, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220131002280
  • Previous Sale Recording Date: Sep 28, 2001
  • Previous Sale Amount: $130,000
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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: 4 months ago
Data Source: MLS PIN, MLS# 72923762

Frequently Asked Questions

When was property at 291 Locust Street built and last sold?
The property at 291 Locust Street was built in 1879 and last sold on Jan 31, 2022 for $590,000.
How much is this home worth?
The estimated value of the home located at 291 Locust Street is $587,891.
What are some comparable homes to 291 Locust Street?
There are currently no comparable homes to 291 Locust Street.
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