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Danvers 01923
59 Needham Rd
$405,000
● House - Off Market

59 Needham Rd

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,106 Ft²
$713,960
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

This wonderful Cape style home offers an abundance of sunshine and is conveniently located close to Route 128, shopping, restaurants and entertainment, yet is on a quiet "no thru way" street.  You will love the layout of this home - three great sized bedrooms and a full bathroom on the second floor.  The main level boasts an open kitchen and dining room area with granite counters and stainless steel appliances, a half bathroom, a front to back living room with fireplace and sliders leading to the perfect sized, flat backyard and patio.  The finished basement provides that extra living area that larger or extended families are looking for - a family room and bedroom with a full bathroom.  Hardwood throughout, plenty of closet space and built-in storage.
Unit Size
2,106 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$195
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1993

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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 #71801347)

Price History

Date / Event Date Event Price
Jun 29, 2015 Sold
Premium
Sold
Mar 12, 2015 Listed by Del Realty, Inc. $410,000
Listed by Del Realty, Inc.
Aug 9, 2004 Sold
Premium
Sold
Jun 9, 2004 Listed by Del Realty, Inc. $429,900
Listed by Del Realty, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,106
  • Gross Building Area: 3,456
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVID W SAMPSON
  • Land Acres: 0000000230
  • 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:009B P:
  • Lot: 9B
  • Municipality: DANVERS
  • Latitude: 42.5503
  • Longitude: -70.93

    Address

  • Full Address: 59 Needham Rd
  • Address - House Number: 59
  • Address - Street Name: Needham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C011
  • 4-Digit Zip Code: 3762
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $664,500

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 702,669
  • High Value: 822,441
  • Low Value: 582,896

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $598,100
  • Assessed Land Value: $318,000
  • Assessed Improvements Value: $280,100

    Sales

  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 456
  • Previous Sale Recording Date: Aug 09, 2004
  • Previous Sale Amount: $425,000
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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# 71801347

Frequently Asked Questions

When was property at 59 Needham Road built and last sold?
The property at 59 Needham Road was built in 1993 and last sold on Jan 1, 1970 for $405,000.
How much is this home worth?
The estimated value of the home located at 59 Needham Road is $434,919.
What are some comparable homes to 59 Needham Road?
There are currently no comparable homes to 59 Needham Road.
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