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$270,000
● Condo - Off Market

74 Elm #5

Danvers, MA
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,370 Ft²
$495,448
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

Enjoy a carefree lifestyle in this two bedroom, two bathroom condominium; it is conveniently located in downtown Danvers. Many upgrades in unit, including granite kitchen tops, in-unit laundry and central air conditioning. A master bathroom accompanies the master bedroom, with a walk-in closet. Two off-street parking spaces also included. Recently restored. Beautiful turn key unit
Unit Size
1,370 Ft²
Days on Market
-
Land Size
-
Price per sqft
$190
Property Type
Condo
Property Taxes
$275
HOA Dues
$323
Year Built
-

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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 years ago (MLSPIN #71629639)

Price History

Date / Event Date Event Price
Mar 27, 2014 Sold
Premium
Sold
Feb 4, 2014 Listed by Benoit Real Estate Group ,LLC $259,900
Listed by Benoit Real Estate Group ,LLC

Property Highlights

Air Conditioning
Interior Details
Level: Second
Width: 11
Length: 10
Features: Flooring - Laminate, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting
Area: 110
Level: Second
Area: 40
Width: 5
Features: Bathroom - Full, Flooring - Laminate, Countertops - Stone/Granite/Solid
Length: 8
Area: 40
Features: Bathroom - Full, Flooring - Laminate, Countertops - Stone/Granite/Solid
Length: 8
Level: Second
Width: 5
Level: Second
Features: Closet, Flooring - Wall to Wall Carpet
Width: 12
Length: 18
Area: 216
Width: 16
Features: Flooring - Laminate, Open Floorplan, Recessed Lighting
Length: 10
Level: Second
Area: 160
Length: 12
Level: Second
Area: 288
Features: Flooring - Wall to Wall Carpet
Width: 24
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 14
Width: 14
Area: 196
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Refrigerator, Utility Connections for Gas Range
Flooring Type: Wood, Carpet
Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor
Rooms: 5
Basement: Y
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: c1
Parcel Number: 1879613
Water Source: Public
Financial Details
Tax Annual Amount: $3,300
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $323
Management: Professional - Off Site

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71629639
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