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Danvers 01923
5 Patricia Road
$435,000
● House - Off Market

5 Patricia Road

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,688 Ft²
$864,207
RealtyHop Estimate
89.98%
Since Mar 1, 2007
MA-Boston
Primary Model

About This Property

Exterior of Home has been totally remodeled. 4Bedrooms 21/2Baths in the Desirable Highlands. 30,000 Plus Square Foot Lot With Lots of Privacy Make This a Location Any Family Will Love...Don't Miss Out! Very Few Homes Become Available Here.
Unit Size
2,688 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$169
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1965

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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: 5 months ago (MLSPIN #70377241)

Price History

Date / Event Date Event Price
Mar 31, 2021 Sold
Premium
Sold
Feb 4, 2021 Listed by Maurice Real Estate $689,900
Listed by Maurice Real Estate
Feb 13, 2007 Sold
Premium
Sold
Apr 30, 2006 Listed by Maurice Real Estate $454,900
Listed by Maurice Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • 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: 1,300
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,379
  • Total Building Area: 2,038
  • Gross Building Area: 2,844
  • Building Area: 2,038
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,038
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRITTONWOODS
  • Land Acres: 0000000697
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:039 L:048 P:
  • Lot: 48
  • Municipality: DANVERS
  • Latitude: 42.5691
  • Longitude: -70.9796

    Address

  • Full Address: 5 Patricia Rd
  • Address - House Number: 5
  • Address - Street Name: Patricia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1313
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $810,800

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 814,071
  • High Value: 939,446
  • Low Value: 688,697

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $729,800
  • Assessed Land Value: $421,300
  • Assessed Improvements Value: $308,500

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Mar 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210331004490
  • Previous Sale Recording Date: Feb 13, 2007
  • Previous Sale Amount: $435,000
  • 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:

$709,950

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2183 ft²

Average Home Age

98.2 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 70377241

Frequently Asked Questions

When was property at 5 Patricia Road built and last sold?
The property at 5 Patricia Road was built in 1965 and last sold on Mar 31, 2021 for $700,000.
How much is this home worth?
The estimated value of the home located at 5 Patricia Road is $704,871.
What are some comparable homes to 5 Patricia Road?
There are currently no comparable homes to 5 Patricia Road.
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