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Danvers 01923
5 Grace Road
$749,000
● House - Off Market

5 Grace Road

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,705 Ft²
$1,110,715
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Exceptional Colonial on a Cul-de-Sac. Wide open floor plan with hardwood floors except for the living room  updated kitchen, SS refrigerator and granite island    Bright sunroom with skylights and slider to deck and heated in ground pool.Large family room with fireplace and additional living space in the basement. Private jacuzzi room with cedar walls and skylights. 2 car under. This is a must see. Open House saturday March 31st for 12-1:30.
Unit Size
3,705 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$202
Property Type
House
Property Taxes
$776
HOA Dues
-
Year Built
1985

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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 #72298930)

Price History

Date / Event Date Event Price
May 30, 2018 Sold
Premium
Sold
Mar 27, 2018 Listed by Tache Real Estate, Inc. $749,000
Listed by Tache Real Estate, Inc.
Jul 15, 2013 Sold
Premium
Sold
Apr 10, 2013 Listed by Tache Real Estate, Inc. $659,000
Listed by Tache Real Estate, Inc.
Sep 17, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,604
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,174
  • Total Building Area: 3,705
  • Gross Building Area: 5,036
  • Building Area: 3,705
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,705
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000899
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:023 L:077 P:
  • Lot: 77
  • Municipality: DANVERS
  • Latitude: 42.5775
  • Longitude: -70.989

    Address

  • Full Address: 5 Grace Rd
  • Address - House Number: 5
  • Address - Street Name: Grace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1355
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,132,800

    Appraisal Valuation

  • Standard Deviation: 0.1546
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,097,956
  • High Value: 1,267,884
  • Low Value: 928,029

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,019,600
  • Assessed Land Value: $469,000
  • Assessed Improvements Value: $550,600

    Sales

  • Current Sale Recording Date: May 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180530003060
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Amount: $655,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72298930

Frequently Asked Questions

When was property at 5 Grace Road built and last sold?
The property at 5 Grace Road was built in 1985 and last sold on Jan 1, 1970 for $749,000.
How much is this home worth?
The estimated value of the home located at 5 Grace Road is $785,414.
What are some comparable homes to 5 Grace Road?
There are currently no comparable homes to 5 Grace Road.
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