38-2 High Street #2
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2023 | In contract | - | |
| In contract | |||
| Sep 13, 2023 | Listed by Foundation Brokerage Group | $219,000 | |
| Listed by Foundation Brokerage Group | |||
| | |||
|
OPEN HOUSE POSTPONED TO SUNDAY 9/17 11:30-1. You'll fall in love with this adorable condo located in the heart of downtown Danvers. 38 High Street is convenient, easy, single level living! Enter through the private enclosed patio, perfect for grilling or just to relax in your own outdoor space. Inside there is a mudroom, living room with dining area, galley kitchen with brand new fridge and newer stove and a full bathroom. The large bedroom has two closets, built in shelves, an electric fireplace and gorgeous pine flooring. In the basement there is extra storage and your newer Buderus boiler. Deeded parking just steps to your door, low condo fee and pet friendly. Close to the Danvers Rail Trail, YMCA, parks and seconds to downtown shops, restaurants, coffee shops and Route 128. This condo is pet friendly and an affordable alternative to renting. A quick closing possible.
| |||
| Aug 15, 2019 | Sold | ||
| Sold | |||
| Jun 26, 2019 | Listed by J. Barrett & Company | $150,000 | |
| Listed by J. Barrett & Company | |||
| | |||
|
Affordable condo in downtown Danvers! Walk to everything. Live small at home and large in the world with this easy to maintain space. Enter into a convenient mudroom and then into the living room and dining space. A functional kitchen and bathroom is to the left. To the right of the living area is a generous sized bedroom with rustic wood flooring. Easy investment to add to your portfolio as it is currently rented TAW. Accompanied showings, pets on premises, at least 24 hr notice to show.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/15/2025
|
3 Bed
|
1 Bath
|
1040 ft²
|
$450,000
3 Bed
1 Bath
1040 ft²
|
-
-
|
Lauren DellaCroce
Bentley's
| |
|
09/13/2023
|
1 Bed
|
1 Bath
|
410 ft²
|
$219,000
1 Bed
1 Bath
410 ft²
|
$230,000
+5.02%
10/20/2023
|
Carol Thibault
Foundation Brokerage Group
| |
|
03/15/2021
|
2 Bed
|
2 Bath
|
1190 ft²
|
$399,999
2 Bed
2 Bath
1190 ft²
|
$407,000
+1.75%
05/19/2021
|
Marianne Simeone
Coldwell Banker Realty - Beverly
| |
|
09/11/2020
|
3 Bed
|
1 Bath
|
1040 ft²
|
$300,000
3 Bed
1 Bath
1040 ft²
|
$315,000
+5.00%
11/03/2020
|
Jackelyn Enslow
J. Barrett & Company
| |
|
04/03/2020
|
1 Bed
|
1 Bath
|
572 ft²
|
$159,000
1 Bed
1 Bath
572 ft²
|
$162,000
+1.89%
06/15/2020
|
Merry Fox Team
MerryFox Realty
| |
|
06/26/2019
|
1 Bed
|
1 Bath
|
410 ft²
|
$150,000
1 Bed
1 Bath
410 ft²
|
$146,000
-2.67%
08/15/2019
|
Jackelyn Enslow
J. Barrett & Company
| |
|
04/10/2019
|
3 Bed
|
1 Bath
|
1040 ft²
|
$269,900
3 Bed
1 Bath
1040 ft²
|
$269,900
06/21/2019
|
Sarah MacBurnie
Granite State Oceans Edge
| |
|
08/06/2015
|
3 Bed
|
1 Bath
|
1040 ft²
|
$218,900
3 Bed
1 Bath
1040 ft²
|
$213,000
-2.70%
12/28/2015
|
Anne Casale-Skinner
Casale-Skinner Realty
| |
|
04/24/2014
|
2 Bed
|
2 Bath
|
1190 ft²
|
$254,900
2 Bed
2 Bath
1190 ft²
|
$254,900
10/15/2014
|
Gail Tyrrell
Churchill Properties
| |
|
11/01/2012
|
2 Bed
|
2 Bath
|
1568 ft²
|
$189,000
2 Bed
2 Bath
1568 ft²
|
$180,000
-4.76%
03/29/2013
|
Jennifer Kern
Success! Real Estate
| |
|
06/08/2010
|
1 Bed
|
1 Bath
|
410 ft²
|
$103,990
1 Bed
1 Bath
410 ft²
|
-
-
|
Amy LeBlanc
William Raveis R.E. & Home Services
| |
|
02/09/2010
|
2 Bed
|
1 Bath
|
1040 ft²
|
$189,900
2 Bed
1 Bath
1040 ft²
|
$185,000
-2.58%
08/12/2010
|
Anne Casale-Skinner
Casale-Skinner Realty
| |
|
03/28/2003
|
1 Bed
|
1 Bath
|
410 ft²
|
$129,900
1 Bed
1 Bath
410 ft²
|
$127,500
-1.85%
07/11/2003
|
Patricia White
Coldwell Banker Residential Brokerage - Arlington
| |
|
02/28/2000
|
1 Bed
|
1 Bath
|
410 ft²
|
$78,000
1 Bed
1 Bath
410 ft²
|
$77,000
-1.28%
05/19/2000
|
Andrea Heil
Carlson GMAC Real Estate
| |
|
02/21/2000
|
1 Bed
|
2 Bath
|
572 ft²
|
$79,000
1 Bed
2 Bath
572 ft²
|
$77,000
-2.53%
05/26/2000
|
Betty Champigny
Carlson GMAC Real Estate
| |
|
01/20/2000
|
2 Bed
|
2 Bath
|
1568 ft²
|
$120,000
2 Bed
2 Bath
1568 ft²
|
$115,000
-4.17%
03/30/2000
|
Lynn Torrey
Carlson GMAC Real Estate
| |
|
06/09/1998
|
1 Bed
|
1 Bath
|
410 ft²
|
$55,900
1 Bed
1 Bath
410 ft²
|
$50,900
-8.94%
01/14/1999
|
Marcia Good
Century 21 North East
| |
|
02/08/1993
| |
Loft
|
1 Bath
|
-
|
$48,900
Loft
1 Bath
|
$46,900
-4.09%
04/29/1993
|
Stephen Roberts
Century 21 Tradition
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017