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Danvers 01923
51 Massachusetts Ave
$500,000
● House - Off Market

51 Massachusetts Ave

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,236 Ft²
$663,229
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION! Highly sought after Woodvale section of Danvers close to schools, shopping, restaurants and major highways. This well-maintained Ranch sits on a nearly half-acre, level lot with BRAND NEW in-ground pool (2019), patio and hot tub. Plus, the backyard is completely fenced in - a great space for entertaining this Summer! Walk in to a bright living room with Pergo floors and cozy wood burning fireplace. Sunny, updated kitchen with newer granite counter tops, backsplash and stainless steel appliances. New Navien (2018) heating system, tankless on-demand hot water. Use the extra room for a 4th bedroom, home office or kid's play area. Garage space and two sheds for storage and plenty of parking. Don't miss your chance to own this beautiful one-level home in a desirable neighborhood!
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$388
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1964

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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 #72622953)

Price History

Date / Event Date Event Price
Apr 23, 2020 Sold
Premium
Sold
Feb 26, 2020 Listed by Keller Williams Gateway Realty $479,000
Listed by Keller Williams Gateway Realty
Jun 26, 1998 Sold
Premium
Sold
May 23, 1998 Listed by Keller Williams Gateway Realty $179,900
Listed by Keller Williams Gateway Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,075
  • Total Building Area: 1,236
  • Gross Building Area: 1,714
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000438
  • 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:028 L:077 P:
  • Lot: 77
  • Municipality: DANVERS
  • Latitude: 42.5804
  • Longitude: -70.9303

    Address

  • Full Address: 51 Massachusetts Ave
  • Address - House Number: 51
  • Address - Street Name: Massachusetts
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C002
  • 4-Digit Zip Code: 2352
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,200

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 662,046
  • High Value: 778,082
  • Low Value: 546,011

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,600
  • Assessed Land Value: $380,800
  • Assessed Improvements Value: $209,800

    Sales

  • Current Sale Contract Date: Apr 16, 2020
  • Current Sale Recording Date: Apr 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200423001550
  • Previous Sale Recording Date: Jun 26, 1998
  • Previous Sale Amount: $179,900
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2259 ft²

Average Home Age

86.7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72622953

Frequently Asked Questions

When was property at 51 Massachusetts Avenue built and last sold?
The property at 51 Massachusetts Avenue was built in 1964 and last sold on Apr 16, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 51 Massachusetts Avenue is $473,269.
What are some comparable homes to 51 Massachusetts Avenue?
There are currently no comparable homes to 51 Massachusetts Avenue.
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