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Danvers 01923
5 Carolyn Dr
$370,000
● House - Off Market

5 Carolyn Dr

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,512 Ft²
$563,644
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Amazing Opportunity in Danvers!  This ranch style home is awaiting your updates - come in and make it your own!  With plenty of room for everyone, this home features three bedrooms, one bathroom, living room with fireplace, breezeway sitting room, and a spacious eat-in kitchen on the first level.  Basement level is partially finished with potential family room, half bathroom, laundry, and a workshop area.  Situated on a level lot with mature landscaping, tucked away on a quiet dead-end street but still close to downtown shops and restaurants.  Property to be sold as-is with a one-year AHS Home Warranty included.  First showings at open house on Sunday, April 3 from 11:00-12:30.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$222
Property Type
House
Property Taxes
$373
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: 4 months ago (MLSPIN #71981308)

Price History

Date / Event Date Event Price
May 25, 2016 Sold
Premium
Sold
Apr 1, 2016 Listed by Keller Williams Realty Evolution $335,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,689
  • Total Building Area: 1,512
  • Gross Building Area: 2,478
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000291
  • 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: 211202

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:042 L:088 P:
  • Lot: 88
  • Municipality: DANVERS
  • Latitude: 42.5661
  • Longitude: -70.9501

    Address

  • Full Address: 5 Carolyn Dr
  • Address - House Number: 5
  • Address - Street Name: Carolyn
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C016
  • 4-Digit Zip Code: 1908
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 657,175
  • High Value: 772,357
  • Low Value: 541,993

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $571,100
  • Assessed Land Value: $355,200
  • Assessed Improvements Value: $215,900

    Sales

  • Current Sale Recording Date: May 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 433
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# 71981308

Frequently Asked Questions

When was property at 5 Carolyn Drive built and last sold?
The property at 5 Carolyn Drive was built in 1960 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 5 Carolyn Drive is $355,438.
What are some comparable homes to 5 Carolyn Drive?
There are currently no comparable homes to 5 Carolyn Drive.
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