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Danvers 01923
51 Princeton St
$280,000
● House - Off Market

51 Princeton St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$416,540
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

*SHORT SALE*  Fantastic opportunity to live in a very, very desirable location/neighborhood in Danvers.  This home is need of a rehab and the list price reflects such. This Campanelli sits on a large, beautifully flat piece of land with an inground pool and shed.  If you're looking for a home with potential to improve and customize, this could be it.  Price not yet approved by lender; all offers subject to 3rd party approval.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$150
Property Type
House
Property Taxes
$385
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: 5 months ago (MLSPIN #71957637)

Price History

Date / Event Date Event Price
Jun 16, 2016 Sold
Premium
Sold
Feb 10, 2016 Listed by RE/MAX Renaissance Inc. $249,000
Listed by RE/MAX Renaissance Inc.
Sep 17, 2004 Sold
Premium
Sold
Jul 29, 2004 Listed by RE/MAX Renaissance Inc. $455,000
Listed by RE/MAX Renaissance Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 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: 21,192
  • Total Building Area: 1,664
  • Gross Building Area: 2,264
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000487
  • 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: R3

Geography

  • Parcel: DANV M:016 L:023 P:
  • Lot: 23
  • Municipality: DANVERS
  • Latitude: 42.5927
  • Longitude: -70.9301

    Address

  • Full Address: 51 Princeton St
  • Address - House Number: 51
  • Address - Street Name: Princeton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 1732
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $684,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 682,962
  • High Value: 790,838
  • Low Value: 575,085

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $616,300
  • Assessed Land Value: $389,800
  • Assessed Improvements Value: $226,500

    Sales

  • Current Sale Recording Date: Jun 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 233
  • Previous Sale Recording Date: Sep 17, 2004
  • Previous Sale Amount: $450,000
  • 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# 71957637

Frequently Asked Questions

When was property at 51 Princeton Street built and last sold?
The property at 51 Princeton Street was built in 1960 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 51 Princeton Street is $286,654.
What are some comparable homes to 51 Princeton Street?
There are currently no comparable homes to 51 Princeton Street.
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