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Danvers 01923
48 Chase
$330,000
● House - Off Market

48 Chase

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$471,940
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

COZY 2 BEDROOM HOME.  SAME OWNER FOR OVER 35 YEARS AND TIME NOW FOR NEW OWNER TO DO SOME UPDATES& PUT IN SWEAT EQUITY TO MAKE THIS A WISE INVESTMENT.HARDWOOD FLOORING,FIREPLACE,VINYL SIDING, ENCLOSED FRONT PORCH, 3 SEASON ROOM OFF KITCHEN, FULL BASEMENT AND ALL THIS ON 10,000 SQ.FT. LEVEL LOT. CLOSE TO MIDDLE SCHOOL, PLAINS PARK, & EASY ACCESS TO MAJOR HIGHWAYS.  GREAT POTENTIAL!  FIRST GROUP SHOWINGS SAT.12/8/18 12:00-1:30.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$286
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1920

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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 #72429309)

Price History

Date / Event Date Event Price
Jan 7, 2019 Sold
Premium
Sold
Dec 3, 2018 Listed by Danvers Real Estate $314,651
Listed by Danvers Real Estate
Oct 28, 1993 Sold
Premium
Sold

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,080
  • Gross Building Area: 2,308
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 211201

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:052 L:143 P:
  • Lot: 143
  • Municipality: DANVERS
  • Latitude: 42.5636
  • Longitude: -70.9287

    Address

  • Full Address: 48 Chase St
  • Address - House Number: 48
  • Address - Street Name: Chase
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C036
  • 4-Digit Zip Code: 3228
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,400

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 497,130
  • High Value: 612,560
  • Low Value: 381,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,700
  • Assessed Land Value: $336,000
  • Assessed Improvements Value: $147,700

    Sales

  • Current Sale Contract Date: Dec 14, 2018
  • Current Sale Recording Date: Jan 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190107000020
  • Previous Sale Recording Date: Oct 28, 1993
  • Previous Sale Amount: $225,000
  • 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

2275 ft²

Average Home Age

82.8 years

Currently For Sale

30 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: 4 months ago
Data Source: MLS PIN, MLS# 72429309

Frequently Asked Questions

When was property at 48 Chase Street built and last sold?
The property at 48 Chase Street was built in 1920 and last sold on Dec 14, 2018 for $330,000.
How much is this home worth?
The estimated value of the home located at 48 Chase Street is $331,922.
What are some comparable homes to 48 Chase Street?
There are currently no comparable homes to 48 Chase Street.
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