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Danvers 01923
3 Highland Terrace
$412,000
● House - Off Market

3 Highland Terrace

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,315 Ft²
$855,268
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Lovely,spacious, 9rm split includes separate wing ideal for in-law possibilities. 4 Bedrooms, with possibility of 5Th Bedroom, where current office is located. Newly updated kitchen and baths. Located on cul-de-sac close to schools, shopping and highway access. Don't miss previewing all this wonderful home has to offer.
Unit Size
2,315 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$181
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1968

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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 #71353797)

Price History

Date / Event Date Event Price
Jun 11, 2012 Sold
Premium
Sold
Mar 18, 2012 Listed by RE/MAX Prestige $419,900
Listed by RE/MAX Prestige
May 29, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,325
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,169
  • Total Building Area: 2,315
  • Gross Building Area: 3,420
  • Building Area: 2,315
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,315
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWBROOK ACRES
  • Land Acres: 0000000578
  • 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: R2

Geography

  • Parcel: DANV M:040 L:051 P:
  • Lot: 51
  • Municipality: DANVERS
  • Latitude: 42.5694
  • Longitude: -70.9684

    Address

  • Full Address: 3 Highland Ter
  • Address - House Number: 3
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C003
  • 4-Digit Zip Code: 1403
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $743,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 770,917
  • High Value: 892,687
  • Low Value: 649,147

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $669,000
  • Assessed Land Value: $387,100
  • Assessed Improvements Value: $281,900

    Sales

  • Current Sale Recording Date: Jun 11, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: May 29, 2003
  • Previous Sale Amount: $320,000
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71353797

Frequently Asked Questions

When was property at 3 Highland Terrace built and last sold?
The property at 3 Highland Terrace was built in 1968 and last sold on Jan 1, 1970 for $412,000.
How much is this home worth?
The estimated value of the home located at 3 Highland Terrace is $444,941.
What are some comparable homes to 3 Highland Terrace?
There are currently no comparable homes to 3 Highland Terrace.
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