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Danvers 01923
4 Ray Street
$615,000
● House - Off Market

4 Ray Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,834 Ft²
$550,562
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

***OPEN HOUSE SUNDAY MARCH 13TH 12PM-2PM**** Do not miss this  beautiful  house on a 1/4 Acre Lot! This ranch has been cared for throughout the years and is now ready for its lucky next owner! 3 Bedrooms, Den, Large Living Room, Dining Room, Kitchen all on the main living area. There is a large deck and also a paver patio with  2 sheds in the large backyard. There is also a finished basement equipped with a bar! Will not last! Book your showing today! Sold as-is. Easy to Show!
Unit Size
1,834 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$294
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1955

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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 #72952055)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Mar 11, 2022 Listed by Liberty Residential Realty, LLC $539,900
Listed by Liberty Residential Realty, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 1,834
  • Gross Building Area: 2,510
  • Building Area: 1,834
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,834
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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:062 L:067 P:
  • Lot: 67
  • Municipality: DANVERS
  • Latitude: 42.5522
  • Longitude: -70.955

    Address

  • Full Address: 4 Ray St
  • Address - House Number: 4
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C020
  • 4-Digit Zip Code: 3532
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,600

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 684,174
  • High Value: 790,157
  • Low Value: 578,191

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,500
  • Assessed Land Value: $342,900
  • Assessed Improvements Value: $270,600

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220415004540

    Financing

  • First Mortgage Financing Type: ADJ
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72952055

Frequently Asked Questions

When was property at 4 Ray Street built and last sold?
The property at 4 Ray Street was built in 1955 and last sold on Apr 15, 2022 for $615,000.
How much is this home worth?
The estimated value of the home located at 4 Ray Street is $562,179.
What are some comparable homes to 4 Ray Street?
There are currently no comparable homes to 4 Ray Street.
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