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Danvers 01923
5 Hood Terrace
$337,000
● House - Off Market

5 Hood Terrace

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$516,295
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

Great opportunity to live on a quiet, dead-end street in desirable Danvers, close to waterfront (Pope's Landing), Sandy Beach, George's Park, major routes, shopping, dining and more.  This three bedroom home features a large entry, open living - dining area with built-in china cabinets, gleaming wood floors, tiled bath and kitchen and stainless steel appliances.  An enclosed, front porch awaits your personal touches and longs for breezy, summer days.  The large.parcel of land with this property lets one's imagination continue to grow:  a pool, a garden, a dog play area - the ideas are endless! Tremendous potential awaits the buyer with vision, imagination - and a little elbow grease!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$280
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1910

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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 #72421259)

Price History

Date / Event Date Event Price
Feb 13, 2019 Sold
Premium
Sold
Nov 7, 2018 Listed by Coldwell Banker Residential Brokerage - Beverly $349,900
Listed by Coldwell Banker Residential Brokerage - Beverly

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,899
  • Total Building Area: 1,269
  • Gross Building Area: 2,068
  • Building Area: 1,269
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,269
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • 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: R1

Geography

  • District: 71
  • Parcel: DANV M:059 L:011A P:
  • Lot: 11A
  • Municipality: DANVERS
  • Latitude: 42.5568
  • Longitude: -70.9291

    Address

  • Full Address: 5 Hood Ter
  • Address - House Number: 5
  • Address - Street Name: Hood
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C018
  • 4-Digit Zip Code: 3115
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $526,700

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 552,227
  • High Value: 652,110
  • Low Value: 452,345

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $474,100
  • Assessed Land Value: $293,800
  • Assessed Improvements Value: $180,300

    Sales

  • Current Sale Contract Date: Feb 13, 2019
  • Current Sale Recording Date: Feb 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190213001160
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

2275 ft²

Average Home Age

82.8 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# 72421259

Frequently Asked Questions

When was property at 5 Hood Terrace built and last sold?
The property at 5 Hood Terrace was built in 1910 and last sold on Feb 13, 2019 for $337,000.
How much is this home worth?
The estimated value of the home located at 5 Hood Terrace is $360,548.
What are some comparable homes to 5 Hood Terrace?
There are currently no comparable homes to 5 Hood Terrace.
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