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Danvers 01923
6 Sylvan Street
$581,000
● House - Off Market

6 Sylvan Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,996 Ft²
$549,707
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

This is why you move to Danvers!  Historic Colonial located downtown within minutes of everything Danvers has to offer, yet with easy highway access.  Listed as a 3 bedroom, however 4th room on second floor (an older kitchen) can easily be converted into a master suite.  Ample sized yard with mature plantings and perfectly situated for South East exposure.  First floor features large living room, eat in kitchen, dining room, and an "extra room" (office, bedroom...you choose).  New roof and 2 ductless Mitsubishi mini-split air conditioners in last year.  Pull down "doll house" finished attic offers extra storage, or a great "hideaway" for kids.  You really won't believe how much space exists in this house until you come see for yourself.
Unit Size
1,996 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$265
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1855

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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: 5 months ago (MLSPIN #72931830)

Price History

Date / Event Date Event Price
Mar 14, 2022 Sold
Premium
Sold
Jan 6, 2022 Listed by MerryFox Realty $529,000
Listed by MerryFox Realty
Oct 29, 2001 Sold
Premium
Sold
Jul 13, 2001 Listed by MerryFox Realty $299,900
Listed by MerryFox Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1855
  • Effective Year Built: 1855
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 868
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,144
  • Total Building Area: 1,996
  • Gross Building Area: 3,616
  • Building Area: 1,996
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,996
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • 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:055 P:
  • Lot: 55
  • Municipality: DANVERS
  • Latitude: 42.5624
  • Longitude: -70.9388

    Address

  • Full Address: 6 Sylvan St
  • Address - House Number: 6
  • Address - Street Name: Sylvan
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C005
  • 4-Digit Zip Code: 2736
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,800

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 600,543
  • High Value: 648,759
  • Low Value: 552,326

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,800
  • Assessed Land Value: $298,700
  • Assessed Improvements Value: $305,100

    Sales

  • Current Sale Contract Date: Mar 14, 2022
  • Current Sale Recording Date: Mar 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220314003850
  • Previous Sale Recording Date: Oct 29, 2001
  • Previous Sale Amount: $295,000
  • 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:

$699,900

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2423 ft²

Average Home Age

88.5 years

Currently For Sale

42 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: 5 months ago
Data Source: MLS PIN, MLS# 72931830

Frequently Asked Questions

When was property at 6 Sylvan Street built and last sold?
The property at 6 Sylvan Street was built in 1855 and last sold on Mar 14, 2022 for $581,000.
How much is this home worth?
The estimated value of the home located at 6 Sylvan Street is $550,128.
What are some comparable homes to 6 Sylvan Street?
There are currently no comparable homes to 6 Sylvan Street.
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