For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Danvers 01923
56 Water Street
$280,000
● House - Off Market

56 Water Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,744 Ft²
$665,029
RealtyHop Estimate
129.40%
Since Jun 1, 2002
MA-Boston
Primary Model

About This Property

EASY LIVING CAN BE YOURS IN THIS NEWER HOME ON THE RIVERFRONT.  DO YOU HAVE A COTTAGE INDUSTRY OR NEED AN OFFICE?  BE CREATIVE AND ENJOY THIS THREE BEDROOM SPLIT RANCH WITH AN OPEN FLOOR PLAN.
Unit Size
1,744 Ft²
Days on Market
-
Land Size
1.15 acres
Price per sqft
$166
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1994

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #30583123)

Price History

Date / Event Date Event Price
May 30, 2002 Sold
Premium
Sold
Feb 27, 2002 Listed by Coldwell Banker Residential Brokerage - Beverly $289,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Mar 31, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,062
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,094
  • Total Building Area: 1,744
  • Gross Building Area: 2,319
  • Building Area: 1,744
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,744
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH PICARIELLO
  • Land Acres: 0000001150
  • 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: 211100

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:064 L:024 P:
  • Lot: 24
  • Municipality: DANVERS
  • Latitude: 42.5522
  • Longitude: -70.9243

    Address

  • Full Address: 56 Water St
  • Address - House Number: 56
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 4110
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $805,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 733,622
  • High Value: 862,412
  • Low Value: 604,831

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $725,200
  • Assessed Land Value: $479,600
  • Assessed Improvements Value: $245,600

    Sales

  • Current Sale Recording Date: May 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 31, 1995
  • Previous Sale Amount: $162,500
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30583123

Frequently Asked Questions

When was property at 56 Water Street built and last sold?
The property at 56 Water Street was built in 1994 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 56 Water Street is $312,940.
What are some comparable homes to 56 Water Street?
There are currently no comparable homes to 56 Water Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Danvers Homes for Sale
Danvers Houses for Sale
Danvers Condos for Sale
Danvers Townhouses for Sale
Danvers Multifamily for Sale
Danvers Land for Sale
Danvers Commercial for Sale
Danvers Homes with Basements
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Marblehead Homes for Sale
Swampscott Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Plymouth County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Peabody Town Center Real Estate
Salem Neck Real Estate
North Salem Real Estate
Melrose Highlands Real Estate
Lynnhurst Real Estate
Oakland Vale Real Estate
Downtown Saugus Real Estate
Downtown Salem Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
North Andover Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Marblehead Homes for Sale
Top Real Estate Agents
Top Agents in Danvers
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Peabody
Top Agents in Peabody