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Danvers 01923
36 Putnam Lane
$555,000
● House - Off Market

36 Putnam Lane

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,513 Ft²
$560,974
RealtyHop Estimate
19.61%
Since Apr 1, 2021
MA-Boston
Primary Model

About This Property

Solid 3 bdrm ranch located on 3/4 acre beautiful lot in sought after location, adjacent to Saratoga Lane and Taryn Drive as well as a horse farm.  Bring your finishing touches and renovation ideas and have instant value.  This home features a large kitchen, 3 good size bedrooms (master with half bath), 1 full bath, all hardwood floors, storm windows and door, nice deck off the kitchen, large 3 stall barn (former horse paddock), partially finshed (walk-out) basement, 1 car garage.
Unit Size
1,513 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$310
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1968

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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 years ago (MLSPIN #72783496)

Price History

Date / Event Date Event Price
Mar 19, 2021 Sold
Premium
Sold
Feb 7, 2021 Listed by NE Property Consultants $469,000
Listed by NE Property Consultants

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,164
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,083
  • Total Building Area: 1,873
  • Gross Building Area: 2,958
  • Building Area: 1,873
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,873
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000691
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:023 L:038 P:
  • Lot: 38
  • Municipality: DANVERS
  • Latitude: 42.5797
  • Longitude: -70.98

    Address

  • Full Address: 36 Putnam Ln
  • Address - House Number: 36
  • Address - Street Name: Putnam
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1013
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,400

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 672,615
  • High Value: 812,345
  • Low Value: 532,885

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $632,200
  • Assessed Land Value: $406,200
  • Assessed Improvements Value: $226,000

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Mar 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210319004830
  • Previous Sale Recording Date: Jul 31, 2013
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72783496

Frequently Asked Questions

When was property at 36 Putnam Lane built and last sold?
The property at 36 Putnam Lane was built in 1968 and last sold on Mar 19, 2021 for $555,000.
How much is this home worth?
The estimated value of the home located at 36 Putnam Lane is $0.
What are some comparable homes to 36 Putnam Lane?
There are currently no comparable homes to 36 Putnam Lane.
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