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Danvers 01923
5 Merrill Street
$720,000
● House - Off Market

5 Merrill Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,852 Ft²
$738,564
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

This 3 Bedroom Colonial was completely renovated in 2020 with an open and bright floor plan. Stunning Kitchen with stainless appliances, 8 foot Center Island, granite counters, pendant & recessed lighting is open to a spacious dining area.First floor also offers a bright living room, updated half bath and a very generous mud room with a pantry closet  and laundry. Three generous bedrooms on the second level with new full main bath. Master bath has a double vanity, tiled tub and shower plus a linen closet. There is a walk up attic &  hardwood floors through out. Enjoy the summer entertaining with an in ground pool, newer fence , shed, and patio area. Move- in condition.
Unit Size
1,852 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$378
Property Type
House
Property Taxes
$548
HOA Dues
-
Year Built
1800

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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 #73001503)

Price History

Date / Event Date Event Price
Sep 6, 2022 Sold
Premium
Sold
Jun 20, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $699,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jul 6, 2020 Sold
Premium
Sold
May 22, 2020 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $580,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jan 10, 2020 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 841
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,911
  • Total Building Area: 1,852
  • Gross Building Area: 3,752
  • Building Area: 1,852
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,852
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: W NEWBURY
  • Land Acres: 0000000136
  • 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:018 P:
  • Lot: 18
  • Municipality: DANVERS
  • Latitude: 42.5569
  • Longitude: -70.928

    Address

  • Full Address: 5 Merrill St
  • Address - House Number: 5
  • Address - Street Name: Merrill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C018
  • 4-Digit Zip Code: 3116
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $763,600

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 727,668
  • High Value: 851,572
  • Low Value: 603,763

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,300
  • Assessed Land Value: $301,800
  • Assessed Improvements Value: $385,500

    Sales

  • Current Sale Contract Date: Sep 06, 2022
  • Current Sale Recording Date: Sep 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79
  • Previous Sale Recording Date: Jul 06, 2020
  • Previous Sale Contract Date: Jul 02, 2020
  • Previous Sale Amount: $610,000
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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# 73001503

Frequently Asked Questions

When was property at 5 Merrill Street built and last sold?
The property at 5 Merrill Street was built in 1800 and last sold on Sep 6, 2022 for $720,000.
How much is this home worth?
The estimated value of the home located at 5 Merrill Street is $696,007.
What are some comparable homes to 5 Merrill Street?
There are currently no comparable homes to 5 Merrill Street.
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