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Danvers 01923
50-R Nichols St
$525,000
● House - Off Market

50-R Nichols St

Danvers, MA 01923
bedrooms
6 Beds
bathrooms
5 Baths
square feet
3,948 Ft²
$925,218
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Ideal for multi-generational living or in-laws.  New roof on main house. Spacious home with plenty of parking.  Bright and sunny lower level. 5 full bathrooms! Perfect home  for the buyer who needs abundant parking for boats, several large trucks and EZ highway access. Car enthusiasts will love the parking with 4 garage spaces. Home has a special zoning variance to run a small business out of one room - check with city! Two master suites! One incredibly spacious with walk-in closet and soaring vaulted ceiling - 7 years young. Along with the attached garage, this property has a newly sided separate heated "barn" w/ electricity for additional parking, carpentry shop, studio...you name it!
Unit Size
3,948 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$139
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #71964984)

Price History

Date / Event Date Event Price
May 31, 2016 Sold
Premium
Sold
Mar 1, 2016 Listed by Keller Williams Realty $549,900
Listed by Keller Williams Realty
Feb 10, 1989 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,330
  • Total Building Area: 2,352
  • Gross Building Area: 4,068
  • Building Area: 2,352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,352
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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: 211402

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:025 L:034 P:
  • Lot: 34
  • Municipality: DANVERS
  • Latitude: 42.5807
  • Longitude: -70.9602

    Address

  • Full Address: 50 Nichols St
  • Address - House Number: 50
  • Address - Street Name: Nichols
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1556
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 723,845
  • High Value: 838,179
  • Low Value: 609,510

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,700
  • Assessed Land Value: $323,300
  • Assessed Improvements Value: $280,400

    Sales

  • Current Sale Recording Date: Feb 10, 1989
  • Current Sale Price:
    Premium
  • Current 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

2159 ft²

Average Home Age

95.9 years

Currently For Sale

37 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 71964984

Frequently Asked Questions

When was property at 50 Nichols Street built and last sold?
The property at 50 Nichols Street was built in 1954 and last sold on Jan 1, 1970 for $130,000.
How much is this home worth?
The estimated value of the home located at 50 Nichols Street is $0.
What are some comparable homes to 50 Nichols Street?
There are currently no comparable homes to 50 Nichols Street.
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