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Danvers 01923
5 Locksley Road
$925,000
● House - Off Market

5 Locksley Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,426 Ft²
$816,381
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

One level living offering plenty of space on large, level lot. This brick front home features 3 bedrooms, 2 full baths, handicap accessible. Large eat in kitchen with dining area, fireplace, SS appliances, convenient garage access. Formal living room, kitchen, bedrooms and dining room with hardwood floors, bay window, perfect for holiday gatherings.  The large family room across the back is perfect for movie night (equipped with surround sound) with access to garage and back yard.  Central A/C, oversized 4-car garage (tandem). Plenty of storage in the unfinished basement with exterior access plus pull down attic. Great opportunity for single level living, ready to move in. Located on a corner lot in desirable St John's Prep neighborhood.
Unit Size
2,426 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$340
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
1976

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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 #73146113)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 15, 2023 In contract -
In contract
Aug 8, 2023 Listed by Coldwell Banker Realty - Beverly $825,000
Listed by Coldwell Banker Realty - Beverly
Sep 30, 2016 Sold
Premium
Sold
Aug 25, 2016 Listed by Coldwell Banker Realty - Beverly $495,000
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,388
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,125
  • Total Building Area: 1,696
  • Gross Building Area: 4,996
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000462
  • 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:026 L:135 P:
  • Lot: 135
  • Municipality: DANVERS
  • Latitude: 42.5785
  • Longitude: -70.9449

    Address

  • Full Address: 5 Locksley Rd
  • Address - House Number: 5
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C021
  • 4-Digit Zip Code: 1634
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,400

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 784,638
  • High Value: 912,930
  • Low Value: 656,346

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $681,700
  • Assessed Land Value: $398,400
  • Assessed Improvements Value: $283,300

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230929002710
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Amount: $501,500
  • 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:

$699,000

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# 73146113

Frequently Asked Questions

When was property at 5 Locksley Road built and last sold?
The property at 5 Locksley Road was built in 1976 and last sold on Sep 29, 2023 for $925,000.
How much is this home worth?
The estimated value of the home located at 5 Locksley Road is $842,464.
What are some comparable homes to 5 Locksley Road?
There are currently no comparable homes to 5 Locksley Road.
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