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Danvers 01923
55 Park Street
$559,000
● House - Off Market

55 Park Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,721 Ft²
$779,041
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

JUST MOVE IN! Desirable Plains Park location! Beautifully renovated for today's style of living with open concept floor plan. Spacious and kitchen dining combo with fireplace. Kitchen features large island with bright white cabinets, silestone counter top, SS appliances, gas stove, recessed lighting and stunning glass tile backsplash. Hardwood floors complete the kitchen, dining and living room. The second floor offers three spacious bedrooms all with HW floors, two full baths and multiple closets.  Finished lower level for media or game room plus additional space in basement for storage. Relax on the covered front porch or on the deck in the fenced back yard. Paved drive way for plenty of off street parking and 1 car detached garage. Close to Plains Park, town and all the Danvers offers for shopping and dining.
Unit Size
1,721 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$317
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1925

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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 #72489820)

Price History

Date / Event Date Event Price
May 31, 2019 Sold
Premium
Sold
Apr 29, 2019 Listed by Coldwell Banker Residential Brokerage - Beverly $545,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Jul 9, 2018 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,028
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,959
  • Total Building Area: 2,338
  • Gross Building Area: 3,238
  • Building Area: 2,338
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,338
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • 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: 211201

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:043 L:297 P:
  • Lot: 297
  • Municipality: DANVERS
  • Latitude: 42.566
  • Longitude: -70.9319

    Address

  • Full Address: 55 Park St
  • Address - House Number: 55
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C022
  • 4-Digit Zip Code: 3239
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $642,600

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 787,347
  • High Value: 950,602
  • Low Value: 624,093

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $578,400
  • Assessed Land Value: $319,000
  • Assessed Improvements Value: $259,400

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190531003650
  • Previous Sale Recording Date: Jul 09, 2018
  • Previous Sale Amount: $351,000
  • Previous Sale Document Type: 34
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

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2254 ft²

Average Home Age

88.6 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

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72489820

Frequently Asked Questions

When was property at 55 Park Street built and last sold?
The property at 55 Park Street was built in 1925 and last sold on May 31, 2019 for $559,000.
How much is this home worth?
The estimated value of the home located at 55 Park Street is $560,607.
What are some comparable homes to 55 Park Street?
There are currently no comparable homes to 55 Park Street.
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