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Danvers 01923
5 Rockland Road
$438,000
● House - Off Market

5 Rockland Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,878 Ft²
$862,576
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Well cared for split level home located in the Prep Area. 3 to 4 beds This home offers plenty of space on both the upper and lower levels. Full walk out lower level with separate entrance. Beautiful hardwood floors, cathedral ceilings, eat in kitchen, 2 fireplaces and sun drenched heated sunroom with skylights.  New heating system with three zones, storm windows, meticulous landscaping with large circular drive way and detached 2-car garage.
Unit Size
2,878 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$156
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1966

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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 #71512766)

Price History

Date / Event Date Event Price
Nov 23, 2020 Sold
Premium
Sold
Oct 4, 2020 Listed by Coldwell Banker Residential Brokerage - Beverly $650,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Jun 7, 2013 Sold
Premium
Sold
Apr 22, 2013 Listed by Coldwell Banker Residential Brokerage - Beverly $450,000
Listed by Coldwell Banker Residential Brokerage - Beverly

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 1,248
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,950
  • Total Building Area: 2,878
  • Gross Building Area: 3,406
  • Building Area: 2,878
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,878
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000458
  • 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:082 P:
  • Lot: 82
  • Municipality: DANVERS
  • Latitude: 42.5793
  • Longitude: -70.9489

    Address

  • Full Address: 5 Rockland Rd
  • Address - House Number: 5
  • Address - Street Name: Rockland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C021
  • 4-Digit Zip Code: 1130
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,600

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 822,700
  • High Value: 962,335
  • Low Value: 683,065

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $721,500
  • Assessed Land Value: $398,000
  • Assessed Improvements Value: $323,500

    Sales

  • Current Sale Contract Date: Nov 14, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201123003340
  • Previous Sale Recording Date: Jun 07, 2013
  • Previous Sale Amount: $438,000
  • 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:

$699,900

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2321 ft²

Average Home Age

90.5 years

Currently For Sale

41 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: 5 months ago
Data Source: MLS PIN, MLS# 71512766

Frequently Asked Questions

When was property at 5 Rockland Road built and last sold?
The property at 5 Rockland Road was built in 1966 and last sold on Nov 14, 2020 for $655,000.
How much is this home worth?
The estimated value of the home located at 5 Rockland Road is $678,085.
What are some comparable homes to 5 Rockland Road?
There are currently no comparable homes to 5 Rockland Road.
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