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Danvers 01923
4 Mello Pkwy
$319,900
● House - Off Market

4 Mello Pkwy

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
996 Ft²
$538,238
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Introducing this charming Ranch style house, situated on a dead end street and in an established Danvers neighborhood.  Single level living at its best and with a newly painted interior and hardwood flooring throughout, waiting for your finishing touches to make it your own. This home features an open, updated kitchen and living room with fireplace with sliding doors leading directly to an exterior deck and entertaining space and overlooks a manageable, level back yard.  Unfinished basement with potential for additional living space and off-street parking for up to 6 vehicles completes the package. Convenient access to area restaurants, shopping and commuter routes.
Unit Size
996 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$321
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1952

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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 months ago (MLSPIN #71978450)

Price History

Date / Event Date Event Price
Jul 16, 2020 Sold
Premium
Sold
May 27, 2016 Sold
Premium
Sold
Mar 28, 2016 Listed by Coldwell Banker Residential Brokerage - Beverly $319,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Dec 7, 1995 Sold
Premium
Sold
Aug 23, 1995 Listed by Dewolfe Codair Real Estate $159,900
Listed by Dewolfe Codair Real Estate
IMMACULATE FULL BASEMENT RANCH! NEW KITCHEN, NEW WINDOWS, NEW CEDAR EXTERIOR, DECK OFF SLIDER WITH PRIVATE YARD.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 996
  • 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: 996
  • Gross Building Area: 2,255
  • Building Area: 996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 996
  • 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: 211402

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:057 L:201 P:
  • Lot: 201
  • Municipality: DANVERS
  • Latitude: 42.5565
  • Longitude: -70.9529

    Address

  • Full Address: 4 Mello Pkwy
  • Address - House Number: 4
  • Address - Street Name: Mello
  • Address - Suffix Type: Pkwy
  • State: MA
  • City Name: Danvers
  • Carrier Code: C009
  • 4-Digit Zip Code: 2628
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,900

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 574,339
  • High Value: 678,221
  • Low Value: 470,457

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,100
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $196,600

    Sales

  • Current Sale Contract Date: Jun 08, 2020
  • Current Sale Recording Date: Jul 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200716000440
  • Previous Sale Recording Date: May 27, 2016
  • Previous Sale Amount: $319,900
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2303 ft²

Average Home Age

86.2 years

Currently For Sale

38 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 months ago
Data Source: MLS PIN, MLS# 71978450

Frequently Asked Questions

When was property at 4 Mello Parkway built and last sold?
The property at 4 Mello Parkway was built in 1952 and last sold on Jun 8, 2020 for $420,000.
How much is this home worth?
The estimated value of the home located at 4 Mello Parkway is $327,049.
What are some comparable homes to 4 Mello Parkway?
There are currently no comparable homes to 4 Mello Parkway.
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