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Danvers 01923
8 Bates St
$630,000
● House - Off Market

8 Bates St

Danvers, MA 01923
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,455 Ft²
$796,289
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Hard to find colonial with a two-car garage, offering a flexible lay-out:  6 generously sized bedrooms  – 2 in the main level and 4 in the second level.   Front to back living room to kitchen open concept living makes this home perfect for entertaining.  Living room features a gas fireplace.  The kitchen features an island and easy access to the garage for unloading groceries. This home is set up to meet multi-generational household needs, as well as, meeting all the requirements for a growing family. Storage will not be a problem come in and take look – first showings during the open house Sat. 7/18 and Sun. 7/19 (Noon – 2 PM)
Unit Size
2,455 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$248
Property Type
House
Property Taxes
$555
HOA Dues
-
Year Built
2007

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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 #72691069)

Price History

Date / Event Date Event Price
Sep 10, 2020 Sold
Premium
Sold
Jul 14, 2020 Listed by Reliance Realty $609,000
Listed by Reliance Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,295
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 3,297
  • Gross Building Area: 4,350
  • Building Area: 3,297
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,297
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DANVERS
  • Land Acres: 0000000161
  • 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:052 P:
  • Lot: 52
  • Municipality: DANVERS
  • Latitude: 42.5484
  • Longitude: -70.9198

    Address

  • Full Address: 8 Bates St
  • Address - House Number: 8
  • Address - Street Name: Bates
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3706
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $819,100

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 823,760
  • High Value: 950,626
  • Low Value: 696,893

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $737,300
  • Assessed Land Value: $323,400
  • Assessed Improvements Value: $413,900

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200910004260
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

2275 ft²

Average Home Age

82.8 years

Currently For Sale

30 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# 72691069

Frequently Asked Questions

When was property at 8 Bates Street built and last sold?
The property at 8 Bates Street was built in 2007 and last sold on Aug 5, 2020 for $630,000.
How much is this home worth?
The estimated value of the home located at 8 Bates Street is $616,787.
What are some comparable homes to 8 Bates Street?
There are currently no comparable homes to 8 Bates Street.
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