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Danvers 01923
3 Andover Street
$458,000
● House - Off Market

3 Andover Street

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$476,005
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

NEW LISTING! Welcome to this quaint cape in Danvers that is hitting the market for the first time! Conveniently located on the Danvers/Peabody line that is close to all major shopping centers, restaurants and more! With 4 bedrooms, you'll have plenty of room to use one as a study, game room or play room. Bring your ideas! Original hardwood floors throughout the home that can be easily found underneath the carpeting. Need more living space? The basement can be easily finished. The detached garage/car port offers great storage space and a workshop area. Bring your vision and TLC so you can live in Danvers too! Scheduled showings to begin 8/28-8/29 from 11-3.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$322
Property Type
House
Property Taxes
$391
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 years ago (MLSPIN #72885927)

Price History

Date / Event Date Event Price
Oct 8, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed by Coldwell Banker Realty - Beverly $419,000
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,296
  • Gross Building Area: 2,891
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: R1

Geography

  • Parcel: DANV M:062 L:117 P:
  • Lot: 117
  • Municipality: DANVERS
  • Latitude: 42.5499
  • Longitude: -70.954

    Address

  • Full Address: 3 Andover St
  • Address - House Number: 3
  • Address - Street Name: Andover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C020
  • 4-Digit Zip Code: 1412
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $539,700

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 548,154
  • High Value: 647,300
  • Low Value: 449,008

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $485,800
  • Assessed Land Value: $252,700
  • Assessed Improvements Value: $233,100

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211008004850
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

2261 ft²

Average Home Age

82.2 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72885927

Frequently Asked Questions

When was property at 3 Andover Street built and last sold?
The property at 3 Andover Street was built in 1955 and last sold on Oct 8, 2021 for $458,000.
How much is this home worth?
The estimated value of the home located at 3 Andover Street is $0.
What are some comparable homes to 3 Andover Street?
There are currently no comparable homes to 3 Andover Street.
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