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Danvers 01923
42 Locust Street
$589,000
● House - Off Market

42 Locust Street

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,520 Ft²
$1,021,885
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

One of Danvers finest architecturally preserved homes designed by Lester Couch (Danvers Library)- home professionally deleaded in 2006. Beautiful period details and elegant foyer with notable arched ceilings, custom Crown Point cabinetry with Vermont Soapstone countertops in kitchen, high velocity central air conditioning, high ceilings and sun-drenched rooms. Convenient to downtown, shopping, bike path and commuter routes.
Unit Size
3,520 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$167
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1897

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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 #71845817)

Price History

Date / Event Date Event Price
Jul 17, 2015 Sold
Premium
Sold
May 27, 2015 Listed by Coldwell Banker Residential Brokerage - Beverly $589,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Oct 14, 2005 Sold
Premium
Sold
May 4, 2005 Listed by Coldwell Banker Residential Brokerage - Beverly $765,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Aug 1, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,850
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 3,520
  • Gross Building Area: 7,053
  • Building Area: 3,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,520
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • 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: 211300

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:035 L:093 P:
  • Lot: 93
  • Municipality: DANVERS
  • Latitude: 42.5708
  • Longitude: -70.9375

    Address

  • Full Address: 42 Locust St
  • Address - House Number: 42
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2215
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,146,000

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 974,351
  • High Value: 1,175,196
  • Low Value: 773,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,031,500
  • Assessed Land Value: $358,600
  • Assessed Improvements Value: $672,900

    Sales

  • Current Sale Recording Date: Jul 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 220
  • Previous Sale Recording Date: Oct 14, 2005
  • Previous Sale Amount: $725,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71845817

Frequently Asked Questions

When was property at 42 Locust Street built and last sold?
The property at 42 Locust Street was built in 1897 and last sold on Jan 1, 1970 for $589,000.
How much is this home worth?
The estimated value of the home located at 42 Locust Street is $601,414.
What are some comparable homes to 42 Locust Street?
There are currently no comparable homes to 42 Locust Street.
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