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Danvers 01923
5 Mead
$200,000
● House - Off Market

5 Mead

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,480 Ft²
$740,717
RealtyHop Estimate
270.54%
Since Aug 1, 1998
MA-Boston
Primary Model

About This Property

WONDERFULLY MAINTAINED 3+BR RANCH  ENJOY THE SUMMER CLOSE TO THE WATER. WALK TO PARK AND SANDY BEACH.  LARGE ENCLOSED PORCH, AND ALSO OUTDOOR DECK OVERLOOKING LARGE LEVEL YARD.
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$135
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1963

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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 years ago (MLSPIN #30229016)

Price History

Date / Event Date Event Price
Dec 14, 2020 Sold
Premium
Sold
Sep 23, 2020 Listed $629,500
Listed
Jul 8, 1998 Sold
Premium
Sold
Jun 3, 1998 Listed $199,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 1,144
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,904
  • Gross Building Area: 3,813
  • Building Area: 2,904
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,904
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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

  • Parcel: DANV M:059 L:183 P:
  • Lot: 183
  • Municipality: DANVERS
  • Latitude: 42.5545
  • Longitude: -70.9203

    Address

  • Full Address: 5 Mead St
  • Address - House Number: 5
  • Address - Street Name: Mead
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C018
  • 4-Digit Zip Code: 3317
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $776,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 788,447
  • High Value: 910,409
  • Low Value: 666,484

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $698,900
  • Assessed Land Value: $318,000
  • Assessed Improvements Value: $380,900

    Sales

  • Current Sale Contract Date: Nov 24, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201214004260
  • Previous Sale Recording Date: Jul 08, 1998
  • Previous Sale Amount: $200,000
  • 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:

$699,900

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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30229016

Frequently Asked Questions

When was property at 5 Mead Street built and last sold?
The property at 5 Mead Street was built in 1963 and last sold on Nov 24, 2020 for $620,000.
How much is this home worth?
The estimated value of the home located at 5 Mead Street is $642,609.
What are some comparable homes to 5 Mead Street?
There are currently no comparable homes to 5 Mead Street.
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