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Danvers 01923
61 Needham Road
$395,500
● House - Off Market

61 Needham Road

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,938 Ft²
$677,107
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Picture Perfect Cape! Pride of home ownership shows throughout every square feet of this newer cape built in 1994.  This home features a 20X15  three season-sun room for large family gatherings, updated kitchen with SS appliances, granite counters, remodeled baths, hardwood floors, new boiler and new hot water heater. This home is perfectly positioned on a beautifully landscape .23 acre parcel offering a very private back yard.   Convenient to shopping, restaurants and major highways for easy commuting. Everything has been done.  Move right in and enjoy!  Showings will start Sunday 5/17 at first open house from 11:30-1:00.  *****ALL OFFERS TO BE SUBMITTED BY MONDAY MAY 18th at 6:00 P.M.****
Unit Size
1,938 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$201
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71836146)

Price History

Date / Event Date Event Price
Aug 7, 2015 Sold
Premium
Sold
May 12, 2015 Listed by J. Barrett & Company $390,000
Listed by J. Barrett & Company
Nov 30, 2010 Sold
Premium
Sold
Sep 28, 2010 Listed by J. Barrett & Company $339,900
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,638
  • Gross Building Area: 3,400
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,638
  • 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:009C P:
  • Lot: 9C
  • Municipality: DANVERS
  • Latitude: 42.5502
  • Longitude: -70.9303

    Address

  • Full Address: 61 Needham Rd
  • Address - House Number: 61
  • 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: $694,400

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 696,587
  • High Value: 815,323
  • Low Value: 577,851

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $625,000
  • Assessed Land Value: $318,000
  • Assessed Improvements Value: $307,000

    Sales

  • Current Sale Recording Date: Aug 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 404
  • Previous Sale Recording Date: Nov 30, 2010
  • Previous Sale Amount: $330,000
  • 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

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2254 ft²

Average Home Age

88.6 years

Currently For Sale

37 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# 71836146

Frequently Asked Questions

When was property at 61 Needham Road built and last sold?
The property at 61 Needham Road was built in 1994 and last sold on Jan 1, 1970 for $395,500.
How much is this home worth?
The estimated value of the home located at 61 Needham Road is $411,084.
What are some comparable homes to 61 Needham Road?
There are currently no comparable homes to 61 Needham Road.
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