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Danvers 01923
5 Neal Road
$350,000
● House - Off Market

5 Neal Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
978 Ft²
$597,105
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Neat as a pin!! 3br, 1 bath full basement well-built 1960 ranch on professionally landscaped, 26,528sq ft level lot in highly desirable neighborhood; hardwood flrs thruout most of house; original kitchen and bath; raised fireplace in spacious livingroom; 1 car attached garage.  One of the bedrooms is used as an office. Maintained with loving care and pride of ownership.  Beautiful gardens.  Needs updating but worth the effort! Smith School district.
Unit Size
978 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$336
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1960

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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 #71710103)

Price History

Date / Event Date Event Price
Aug 29, 2014 Sold
Premium
Sold
Jul 7, 2014 Listed by Del Realty, Inc. $329,000
Listed by Del Realty, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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: 978
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,532
  • Total Building Area: 2,486
  • Gross Building Area: 6,406
  • Building Area: 2,486
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,486
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000609
  • 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:021 L:033 P:
  • Lot: 33
  • Municipality: DANVERS
  • Latitude: 42.5837
  • Longitude: -70.9378

    Address

  • Full Address: 5 Neal Rd
  • Address - House Number: 5
  • Address - Street Name: Neal
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 1612
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $922,600

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 856,535
  • High Value: 1,006,659
  • Low Value: 706,412

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $830,400
  • Assessed Land Value: $401,200
  • Assessed Improvements Value: $429,200

    Sales

  • Current Sale Recording Date: Aug 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82900473
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71710103

Frequently Asked Questions

When was property at 5 Neal Road built and last sold?
The property at 5 Neal Road was built in 1960 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 5 Neal Road is $337,415.
What are some comparable homes to 5 Neal Road?
There are currently no comparable homes to 5 Neal Road.
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