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Danvers 01923
4 Broad Street
$550,000
● House - Off Market

4 Broad Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$519,468
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Wonderful 3 bedroom well maintained ranch with finished lower level family room. Cedar closet in family room. Washer and dryer hook up is located on the first level. Spacious eat in kitchen. Large deck located off of the kitchen with sliders.Fireplaced living room.  Lots of storage. Large flat yard. Exterior was painted last year.  This home is located in a very convenient location.  It is close to shopping (2 malls), restaurants, movie theatre and highways.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$333
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1965

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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 #72935268)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Jan 19, 2022 Listed by Keller Williams Realty Evolution $499,900
Listed by Keller Williams Realty Evolution
Feb 1, 2005 Sold
Premium
Sold
Dec 6, 2004 Listed by Keller Williams Realty Evolution $374,900
Listed by Keller Williams Realty Evolution
Jun 20, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1,000
  • 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: 1,500
  • Gross Building Area: 2,784
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,500
  • 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: 211100

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:064 L:082 P:
  • Lot: 82
  • Municipality: DANVERS
  • Latitude: 42.5491
  • Longitude: -70.922

    Address

  • Full Address: 4 Broad St
  • Address - House Number: 4
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3710
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,500

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 609,034
  • High Value: 707,268
  • Low Value: 510,799

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $525,200
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $191,700

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20220311002260
  • Previous Sale Recording Date: Feb 01, 2005
  • Previous Sale Amount: $374,900
  • 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72935268

Frequently Asked Questions

When was property at 4 Broad Street built and last sold?
The property at 4 Broad Street was built in 1965 and last sold on Mar 11, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 4 Broad Street is $515,569.
What are some comparable homes to 4 Broad Street?
There are currently no comparable homes to 4 Broad Street.
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