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Danvers 01923
38 Lafayette Ave
$510,000
● House - Off Market

38 Lafayette Ave

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$703,285
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Nothing left to do. Completely remodeled from top to bottom. New items include: Heating and AC, Hot water heater, insulation throughout, vinyl siding, Harvey windows and sliding door, fiberglass front entry door unit, composite deck and rails, kitchen cabinets and granite counter tops, black stainless appliances, two full bathrooms with tiled surrounds and tiled floors, frameless shower enclosure in Master Bath, refinished hardwood floors, landscaping with flagstone walkway. Take a look, you will not be disappointed.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$339
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1960

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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 #72333313)

Price History

Date / Event Date Event Price
Jul 2, 2018 Sold
Premium
Sold
May 24, 2018 Listed by Lisa Berry Properties $475,000
Listed by Lisa Berry Properties
Jun 23, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,025
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,080
  • Total Building Area: 1,049
  • Gross Building Area: 2,240
  • Building Area: 1,049
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,049
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 211202

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:034 L:119 P:
  • Lot: 119
  • Municipality: DANVERS
  • Latitude: 42.5712
  • Longitude: -70.9445

    Address

  • Full Address: 38 Lafayette Ave
  • Address - House Number: 38
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C027
  • 4-Digit Zip Code: 2032
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $617,400

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 647,579
  • High Value: 757,961
  • Low Value: 537,197

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $555,700
  • Assessed Land Value: $342,100
  • Assessed Improvements Value: $213,600

    Sales

  • Current Sale Recording Date: Jul 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180702004240
  • Previous Sale Recording Date: Jun 23, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: O
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# 72333313

Frequently Asked Questions

When was property at 38 Lafayette Avenue built and last sold?
The property at 38 Lafayette Avenue was built in 1960 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 38 Lafayette Avenue is $487,387.
What are some comparable homes to 38 Lafayette Avenue?
There are currently no comparable homes to 38 Lafayette Avenue.
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