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Danvers 01923
59 Lawrence St
$650,000
● House - Off Market

59 Lawrence St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,376 Ft²
$556,351
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Pretty as the pictures, this Danvers colonial needs nothing but you! 3 bedrooms, 1.5 baths. Beautifully renovated kitchen and full bath. Hardwood throughout the first floor. Deck off of dining area. 1 car garage. Level, fenced-in backyard. **No showings until first open house. Open Houses - Saturday 3/19 and Sunday 3/20 from 11-1pm. Any offers will be reviewed starting Monday at 7pm.**
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$399
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1930

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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 #72953946)

Price History

Date / Event Date Event Price
May 2, 2022 Sold
Premium
Sold
Mar 16, 2022 Listed by RE/MAX 360 $549,000
Listed by RE/MAX 360
Dec 30, 2014 Sold
Premium
Sold
Nov 12, 2014 Listed by RE/MAX 360 $294,900
Listed by RE/MAX 360
Dec 24, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 673
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,376
  • Gross Building Area: 2,335
  • Building Area: 1,376
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:051 L:141 P:
  • Lot: 141
  • Municipality: DANVERS
  • Latitude: 42.5588
  • Longitude: -70.9341

    Address

  • Full Address: 59 Lawrence St
  • Address - House Number: 59
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C005
  • 4-Digit Zip Code: 3040
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $643,700

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 655,957
  • High Value: 767,768
  • Low Value: 544,147

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $579,400
  • Assessed Land Value: $315,000
  • Assessed Improvements Value: $264,400

    Sales

  • Current Sale Contract Date: May 02, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220502003520
  • Previous Sale Recording Date: Dec 30, 2014
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: O
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

$399

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2275 ft²

Average Home Age

82.8 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72953946

Frequently Asked Questions

When was property at 59 Lawrence Street built and last sold?
The property at 59 Lawrence Street was built in 1930 and last sold on May 2, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 59 Lawrence Street is $549,484.
What are some comparable homes to 59 Lawrence Street?
There are currently no comparable homes to 59 Lawrence Street.
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