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Danvers 01923
8 Bow St
$420,000
● House - Off Market

8 Bow St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,550 Ft²
$585,134
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Looking to live in the town of Danvers? Here is your chance. Imagine enjoying the summer in the classic New England charm of this well maintained 4 bed/2 bath Ranch tucked away on a quiet side street, yet moments to the highway, parks and shopping malls. This spacious home has an outstanding and versatile floor plan with expansion possibilities in the partially finished lower level. Other features include a FIREPLACED living room and a large dining room leading to your back deck, perfect for grilling while overlooking your large fenced-in yard. CENTRAL AIR, hardwood floors and tons of natural light! This lovingly cared for home is just waiting for a new family to make it their own.
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$264
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1951

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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 #72531459)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Jul 10, 2019 Listed by Atlantic Coast Homes,Inc $409,000
Listed by Atlantic Coast Homes,Inc
Dec 17, 2004 Sold
Premium
Sold
Aug 5, 2004 Listed by Atlantic Coast Homes,Inc $429,900
Listed by Atlantic Coast Homes,Inc

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,540
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,038
  • Total Building Area: 922
  • Gross Building Area: 3,003
  • Building Area: 922
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 922
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000299
  • 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: R1

Geography

  • Parcel: DANV M:056 L:020 P:
  • Lot: 20
  • Municipality: DANVERS
  • Latitude: 42.5527
  • Longitude: -70.9555

    Address

  • Full Address: 8 Bow St
  • Address - House Number: 8
  • Address - Street Name: Bow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C009
  • 4-Digit Zip Code: 3520
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,200

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 616,298
  • High Value: 715,480
  • Low Value: 517,115

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $521,300
  • Assessed Land Value: $343,300
  • Assessed Improvements Value: $178,000

    Sales

  • Current Sale Contract Date: Aug 14, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190830004390
  • Previous Sale Recording Date: Dec 17, 2004
  • Previous Sale Amount: $415,000
  • 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

51

Average Home Size

2236 ft²

Average Home Age

93.9 years

Currently For Sale

38 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# 72531459

Frequently Asked Questions

When was property at 8 Bow Street built and last sold?
The property at 8 Bow Street was built in 1951 and last sold on Aug 14, 2019 for $420,000.
How much is this home worth?
The estimated value of the home located at 8 Bow Street is $420,973.
What are some comparable homes to 8 Bow Street?
There are currently no comparable homes to 8 Bow Street.
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