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Danvers 01923
5 Hillcrest Rd
$549,000
● House - Off Market

5 Hillcrest Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,336 Ft²
$3,193
Est. Monthly

About This Property

Three bedroom, one bath Cape with loads of charm! First floor includes a kitchen which opens to den as well as a good-sized bedroom, full bath, dining area and living room with beamed ceiling and fireplace.  Two bedrooms upstairs with closets. Clean, utilitarian basement which could be converted to finished space.  Large backyard and small side deck off of the driveway.  Centrally located, within close proximity to shopping, restaurants, schools, parks, highway access and more. Terrific opportunity to build equity with improvements and/or additions over time while keeping your design choices in mind!
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$411
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1950

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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 #73195796)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Jan 31, 2024 In contract -
In contract
Jan 23, 2024 Listed by Coldwell Banker Realty - Marblehead $549,000
Listed by Coldwell Banker Realty - Marblehead

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,336
  • Gross Building Area: 2,764
  • Building Area: 1,336
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,336
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND DANVERS
  • Land Acres: 0000000172
  • 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: 211100

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:053 L:205 P:
  • Lot: 205
  • Municipality: DANVERS
  • Latitude: 42.5604
  • Longitude: -70.9098

    Address

  • Full Address: 5 Hillcrest Rd
  • Address - House Number: 5
  • Address - Street Name: Hillcrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C010
  • 4-Digit Zip Code: 3810
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $595,800

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 559,991
  • High Value: 604,618
  • Low Value: 515,364

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $536,300
  • Assessed Land Value: $331,300
  • Assessed Improvements Value: $205,000

    Sales

  • Current Sale Contract Date: Feb 26, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240301001130
  • Previous Sale Recording Date: Oct 05, 2018
  • 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

2261 ft²

Average Home Age

82.2 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73195796

Frequently Asked Questions

When was property at 5 Hillcrest Road built and last sold?
The property at 5 Hillcrest Road was built in 1950 and last sold on Feb 26, 2024 for $549,000.
How much is this home worth?
The estimated value of the home located at 5 Hillcrest Road is $554,518.
What are some comparable homes to 5 Hillcrest Road?
There are currently no comparable homes to 5 Hillcrest Road.
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