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Danvers 01923
44 Nichols St
$400,000
● House - Off Market

44 Nichols St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,320 Ft²
$725,289
RealtyHop Estimate
81.37%
Since Apr 1, 2015
MA-Boston
Primary Model

About This Property

This Danvers gem is a must see. Complete with in law apt. large private lot in the St. Johns Prep Area of Danvers all updates have been done and is ready for occupancy .  Features 3 bedroom home with attached inlaw unit with 2 extra rooms down stairs basement is ready to be finished into a perfect man cave with pool access and wood stove already in place.Back yard is large private and great for entertaining. In a dead end neighborhood with no through traffic yet close to the highways and shopping along with some of the best schools in New England in the area.UPDATE current rent for inlaw is $1400 per month very nice unit tenant would like to stay
Unit Size
2,320 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$172
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1950

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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 #71734966)

Price History

Date / Event Date Event Price
Apr 1, 2015 Sold
Premium
Sold
Aug 28, 2014 Listed by The Russell Realty Group, LLC $399,900
Listed by The Russell Realty Group, LLC
Mar 2, 2001 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,408
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,320
  • Gross Building Area: 4,392
  • Building Area: 2,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,320
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: R3

Geography

  • Parcel: DANV M:025 L:031 P:
  • Lot: 31
  • Municipality: DANVERS
  • Latitude: 42.58
  • Longitude: -70.96

    Address

  • Full Address: 44 Nichols St
  • Address - House Number: 44
  • Address - Street Name: Nichols
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1556
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $699,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 708,278
  • High Value: 824,562
  • Low Value: 591,995

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,000
  • Assessed Land Value: $337,900
  • Assessed Improvements Value: $292,100

    Sales

  • Current Sale Recording Date: Apr 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40100167
  • Previous Sale Recording Date: Mar 02, 2001
  • Previous Sale Amount: $305,000
  • 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:

$712,500

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2037 ft²

Average Home Age

88.1 years

Currently For Sale

35 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: 5 months ago
Data Source: MLS PIN, MLS# 71734966

Frequently Asked Questions

When was property at 44 Nichols Street built and last sold?
The property at 44 Nichols Street was built in 1950 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 44 Nichols Street is $427,180.
What are some comparable homes to 44 Nichols Street?
There are currently no comparable homes to 44 Nichols Street.
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