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Danvers 01923
45 Massachusetts Ave
$705,000
● House - Off Market

45 Massachusetts Ave

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$681,419
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Spectacular 3-4 bedroom ranch in desirable Woodvale neighborhood. Lovely renovated kitchen with cherry wood cabinets, Corian countertops and beautiful Brazilian cherry hardwood floors which flow nicely into open concept dining room and living room. Spacious and luxurious master suite includes dramatic vaulted ceiling, super walk in closet, and custom bath with jetted tub and separate and attractive glass block shower. Large family room with sliders to deck lead to large deck and flat backyard and beautiful in ground pool with new liner. Offers are due Monday, July 12 at 5:00PM.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$286
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1960

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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: 5 years ago (MLSPIN #72858469)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by Cameron Real Estate Group $599,900
Listed by Cameron Real Estate Group
Jan 19, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1976
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,596
  • Total Building Area: 2,060
  • Gross Building Area: 2,452
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000427
  • 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:028 L:080 P:
  • Lot: 80
  • Municipality: DANVERS
  • Latitude: 42.5794
  • Longitude: -70.9298

    Address

  • Full Address: 45 Massachusetts Ave
  • Address - House Number: 45
  • Address - Street Name: Massachusetts
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C002
  • 4-Digit Zip Code: 2352
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,900

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 752,667
  • High Value: 880,416
  • Low Value: 624,918

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $644,400
  • Assessed Land Value: $378,700
  • Assessed Improvements Value: $265,700

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210914003410
  • Previous Sale Recording Date: Jan 19, 1993
  • Previous Sale Amount: $150,000
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2259 ft²

Average Home Age

86.7 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72858469

Frequently Asked Questions

When was property at 45 Massachusetts Avenue built and last sold?
The property at 45 Massachusetts Avenue was built in 1960 and last sold on Sep 14, 2021 for $705,000.
How much is this home worth?
The estimated value of the home located at 45 Massachusetts Avenue is $623,911.
What are some comparable homes to 45 Massachusetts Avenue?
There are currently no comparable homes to 45 Massachusetts Avenue.
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