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Danvers 01923
5 Larchmont St
$692,000
● House - Off Market

5 Larchmont St

Danvers, MA 01923
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,600 Ft²
$703,116
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Stunning modern farmhouse on a peaceful dead-end street! Enjoy a sun-filled living room, a top-of-the-line chef's kitchen, a half bath on the first floor, and two main suites on the second floor. Hardie exterior, 2 car attached garage, and an office on the first floor-the opportunity to finish the basement to provide extra space, while the spacious backyard is perfect for hosting.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$437
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1883

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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 #73097393)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 20, 2023 In contract -
In contract
Apr 12, 2023 Listed by William Raveis R.E. & Home Services $699,800
Listed by William Raveis R.E. & Home Services
Nov 8, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed by William Raveis R.E. & Home Services $310,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 651
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,529
  • Total Building Area: 1,589
  • Gross Building Area: 3,290
  • Building Area: 1,589
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,589
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • 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:050 L:263 P:
  • Lot: 263
  • Municipality: DANVERS
  • Latitude: 42.5609
  • Longitude: -70.9455

    Address

  • Full Address: 5 Larchmont St
  • Address - House Number: 5
  • Address - Street Name: Larchmont
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C025
  • 4-Digit Zip Code: 2705
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $748,000

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 660,492
  • High Value: 797,703
  • Low Value: 523,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,300
  • Assessed Land Value: $329,800
  • Assessed Improvements Value: $343,500

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230530002240
  • Previous Sale Recording Date: Nov 08, 2021
  • Previous Sale Contract Date: Nov 03, 2021
  • Previous Sale Amount: $352,000
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2238 ft²

Average Home Age

84.8 years

Currently For Sale

36 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# 73097393

Frequently Asked Questions

When was property at 5 Larchmont Street built and last sold?
The property at 5 Larchmont Street was built in 1883 and last sold on May 30, 2023 for $692,000.
How much is this home worth?
The estimated value of the home located at 5 Larchmont Street is $716,703.
What are some comparable homes to 5 Larchmont Street?
There are currently no comparable homes to 5 Larchmont Street.
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