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Danvers 01923
8 Burley Ave.
Photo of 8 Burley Ave.
Sold on Sep 16, 2005

1

Map

$465,000
● House - Off Market

8 Burley Ave.

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,570 Ft²
$835,235
RealtyHop Estimate
75.84%
Since Oct 1, 2005
MA-Boston
Primary Model

About This Property

Not a drive-by--wonderful, spacious, vintage colonial with all the charming features of another era-- 9" ceilings,French doors, wide pine floors, fireplaces in both living room (gas) and dining room- sunroom - 2 stairways- 3rd floor has 1 bdrm and another room w/skylight ready to be finished- first floor study or library could be a family room or first floor bdrm.-- brand new heating system--1 car detached garage- desirable Lindall Hill location -  A must see!!!
Unit Size
2,570 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$185
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1915

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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 #70096592)

Price History

Date / Event Date Event Price
Sep 19, 2005 Sold
Premium
Sold
Sep 27, 2004 Listed $475,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,630
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,299
  • Total Building Area: 2,682
  • Gross Building Area: 5,790
  • Building Area: 2,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,682
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000259
  • 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: 211300

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:035 L:060 P:
  • Lot: 60
  • Municipality: DANVERS
  • Latitude: 42.5717
  • Longitude: -70.9422

    Address

  • Full Address: 8 Burley Ave
  • Address - House Number: 8
  • Address - Street Name: Burley
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C027
  • 4-Digit Zip Code: 2103
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $763,700

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 783,423
  • High Value: 903,316
  • Low Value: 663,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,400
  • Assessed Land Value: $347,600
  • Assessed Improvements Value: $339,800

    Sales

  • Current Sale Recording Date: Sep 19, 2005
  • Current Sale Price:
    Premium
  • Current 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2261 ft²

Average Home Age

82.2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70096592

Frequently Asked Questions

When was property at 8 Burley Avenue built and last sold?
The property at 8 Burley Avenue was built in 1915 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 8 Burley Avenue is $502,064.
What are some comparable homes to 8 Burley Avenue?
There are currently no comparable homes to 8 Burley Avenue.
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