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Danvers 01923
6 Highland Terrace
$193,500
● House - Off Market

6 Highland Terrace

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$865,032
RealtyHop Estimate
332.52%
Since Jan 1, 1997
MA-Boston
Primary Model

About This Property

BEAUTIFULLY KEPT RANCH SITUATED ON MANICURED 22,000 S.F. LOT WITH FLEXIBLE FLOOR PLAN.  LOWER LEVEL W/IN-LAW POTENTIAL SEPARATE ENTRANCE.  2-3 BEDROOMS, FIREPLACE, 1 1/2 BATHS, STEPS IN FOYER CLOSET TO "BUMP UP" TO SECOND FLOOR.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$100
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1968

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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 years ago (MLSPIN #30123957)

Price History

Date / Event Date Event Price
Dec 31, 1996 Sold
Premium
Sold
Aug 25, 1996 Listed by Carlson GMAC Real Estate $199,999
Listed by Carlson GMAC Real Estate
Oct 29, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • 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: 18
  • 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: 1,740
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,059
  • Total Building Area: 2,555
  • Gross Building Area: 3,714
  • Building Area: 2,555
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 2,555
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000506
  • 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: 211402

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:040 L:058 P:
  • Lot: 58
  • Municipality: DANVERS
  • Latitude: 42.5701
  • Longitude: -70.968

    Address

  • Full Address: 6 Highland Ter
  • Address - House Number: 6
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C003
  • 4-Digit Zip Code: 1404
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $755,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 780,834
  • High Value: 912,929
  • Low Value: 648,738

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $679,800
  • Assessed Land Value: $385,700
  • Assessed Improvements Value: $294,100

    Sales

  • Current Sale Recording Date: Dec 31, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 29, 1993
  • Previous Sale Amount: $179,000
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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 years ago
Data Source: MLS PIN, MLS# 30123957

Frequently Asked Questions

When was property at 6 Highland Terrace built and last sold?
The property at 6 Highland Terrace was built in 1968 and last sold on Jan 1, 1970 for $193,500.
How much is this home worth?
The estimated value of the home located at 6 Highland Terrace is $0.
What are some comparable homes to 6 Highland Terrace?
There are currently no comparable homes to 6 Highland Terrace.
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