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Danvers 01923
4 Gorman Road
$280,000
● House - Off Market

4 Gorman Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,186 Ft²
$533,184
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

Attention 1st Time Buyers!  Situated on a 10,000 square foot lot you will find this charming 3 or 4 bedroom ranch style home with off street parking.  Enjoy using the 3 season enclosed porch as a sitting area or extra dining space for entertaining.  Large master bedroom is equipped with a wood burning fire place, cathedral ceiling and a wall unit air conditioner.  Partially finished basement with laundry hook up and  half bathroom could be finished for additional living space or in-law setup.  The choice is yours!  Ample storage space in pull down attic and basement.  Make your commute a little easier, this home is conveniently located within a few minutes of Route 1 and Route 95.
Unit Size
1,186 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$244
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1949

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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 #71616334)

Price History

Date / Event Date Event Price
Mar 27, 2014 Sold
Premium
Sold
Oct 17, 2013 Listed by RE/MAX Advantage Real Estate $289,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 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: 1,186
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,186
  • Gross Building Area: 2,620
  • Building Area: 1,186
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,186
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:034 L:030 P:
  • Lot: 30
  • Municipality: DANVERS
  • Latitude: 42.5732
  • Longitude: -70.9544

    Address

  • Full Address: 4 Gorman Rd
  • Address - House Number: 4
  • Address - Street Name: Gorman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C016
  • 4-Digit Zip Code: 1516
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $611,500

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 597,869
  • High Value: 706,007
  • Low Value: 489,731

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,400
  • Assessed Land Value: $342,000
  • Assessed Improvements Value: $208,400

    Sales

  • Current Sale Recording Date: Oct 20, 2014
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 102000113
  • Previous Sale Recording Date: Mar 27, 2014
  • Previous Sale Amount: $280,000
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71616334

Frequently Asked Questions

When was property at 4 Gorman Road built and last sold?
The property at 4 Gorman Road was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Gorman Road is $301,912.
What are some comparable homes to 4 Gorman Road?
There are currently no comparable homes to 4 Gorman Road.
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