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Danvers 01923
5 Brookvale
$405,000
● House - Off Market

5 Brookvale

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,388 Ft²
$556,367
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Three bedroom ranch on a flat corner lot in desirable Woodvale section of Danvers.  Spacious family room with large storage closet, formal living room or use as a dining room, eat-in kitchen, and double closets in bedrooms. Half garage for storage contains Weil-McLain boiler and work bench. Additional Pellet stove reduces oil consumption and roof is perfect for solar if you want to go green.  This family home is close proximity to elementary, middle, and high schools as well as down town Danvers.  Your updates will give you instant equity.
Unit Size
1,388 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$281
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1958

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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 months ago (MLSPIN #72501013)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
May 15, 2019 Listed by Century 21 North East $389,900
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 10,149
  • Total Building Area: 1,388
  • Gross Building Area: 1,600
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKVALE DANVERS
  • Land Acres: 0000000233
  • 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:036 L:144 P:
  • Lot: 144
  • Municipality: DANVERS
  • Latitude: 42.5714
  • Longitude: -70.9285

    Address

  • Full Address: 5 Brookvale Dr
  • Address - House Number: 5
  • Address - Street Name: Brookvale
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2436
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $561,800

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 588,717
  • High Value: 695,199
  • Low Value: 482,234

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,700
  • Assessed Land Value: $342,600
  • Assessed Improvements Value: $163,100

    Sales

  • Current Sale Contract Date: Jun 21, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190627003590
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:

$710,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2159 ft²

Average Home Age

95.9 years

Currently For Sale

37 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 months ago
Data Source: MLS PIN, MLS# 72501013

Frequently Asked Questions

When was property at 5 Brookvale Drive built and last sold?
The property at 5 Brookvale Drive was built in 1958 and last sold on Jun 21, 2019 for $405,000.
How much is this home worth?
The estimated value of the home located at 5 Brookvale Drive is $407,557.
What are some comparable homes to 5 Brookvale Drive?
There are currently no comparable homes to 5 Brookvale Drive.
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