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Danvers 01923
5 Elerton Lane
$730,000
● House - Off Market

5 Elerton Lane

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,590 Ft²
$1,110,450
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Beautiful, spacious, traditional colonial home that sits at the end of very private cul-de-sac. Enjoy entertaining family and friends in the over sized family room with fire place & surround sound. Master bedroom & bath recently renovated with today's style in mind. Exterior freshly painted last year. New roof 2016. New stainless steel kitchen appliance. This gorgeous 5 bedroom home has all the space you'll need. Professionally landscaped yard with irrigation system.  Not much to do, but move in. Come see for your self. Open house Saturday 5/12/18 11:30am - 1:30 pm
Unit Size
2,590 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$290
Property Type
House
Property Taxes
$660
HOA Dues
-
Year Built
1994

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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 #72325266)

Price History

Date / Event Date Event Price
Jul 13, 2018 Sold
Premium
Sold
May 11, 2018 Listed by Keller Williams Realty Evolution $750,000
Listed by Keller Williams Realty Evolution
Sep 20, 2012 Sold
Premium
Sold
Jul 11, 2012 Listed by Keller Williams Realty Evolution $615,000
Listed by Keller Williams Realty Evolution
Mar 28, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,384
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,264
  • Total Building Area: 2,590
  • Gross Building Area: 4,874
  • Building Area: 2,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,590
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CF & EJ BREHAUT
  • Land Acres: 0000000511
  • 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:027 L:190 P:
  • Lot: 190
  • Municipality: DANVERS
  • Latitude: 42.5773
  • Longitude: -70.9359

    Address

  • Full Address: 5 Elerton Ln
  • Address - House Number: 5
  • Address - Street Name: Elerton
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2372
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $955,100

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 942,789
  • High Value: 1,103,384
  • Low Value: 782,193

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $859,700
  • Assessed Land Value: $419,500
  • Assessed Improvements Value: $440,200

    Sales

  • Current Sale Recording Date: Jul 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180713002370
  • Previous Sale Recording Date: Sep 20, 2012
  • Previous Sale Amount: $595,000
  • Previous Sale Document Type: O
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

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72325266

Frequently Asked Questions

When was property at 5 Elerton Lane built and last sold?
The property at 5 Elerton Lane was built in 1994 and last sold on Jan 1, 1970 for $730,000.
How much is this home worth?
The estimated value of the home located at 5 Elerton Lane is $748,008.
What are some comparable homes to 5 Elerton Lane?
There are currently no comparable homes to 5 Elerton Lane.
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