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Danvers 01923
8 Elliott Street
$300,000
● House - Off Market

8 Elliott Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,049 Ft²
$629,888
RealtyHop Estimate
106.59%
Since Aug 1, 2003
MA-Boston
Primary Model

About This Property

GREAT UPDATED INTERIOR WITH SOME UNIQUE FEATURES; 3 BEDROOMS; HARDWOOD FLOORS; GREAT KITCHEN LEADING TO LARGE DECK;FENCED IN YARD,FULL WALK-UP ATTIC,GREAT EXP POTENTIAL
Unit Size
1,049 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$291
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1929

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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 years ago (MLSPIN #30709507)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jul 31, 2003 Sold
Premium
Sold
Apr 14, 2003 Listed by Del Realty, Inc. $304,900
Listed by Del Realty, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 1,041
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,057
  • Gross Building Area: 3,503
  • Building Area: 1,057
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,057
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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:044 L:037 P:
  • Lot: 37
  • Municipality: DANVERS
  • Latitude: 42.5676
  • Longitude: -70.9263

    Address

  • Full Address: 8 Elliott St
  • Address - House Number: 8
  • Address - Street Name: Elliott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C023
  • 4-Digit Zip Code: 2521
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $543,800

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 544,381
  • High Value: 639,794
  • Low Value: 448,969

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $489,500
  • Assessed Land Value: $304,100
  • Assessed Improvements Value: $185,400

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200831004450
  • Previous Sale Recording Date: Jul 31, 2003
  • Previous Sale Amount: $300,000
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30709507

Frequently Asked Questions

When was property at 8 Elliott Street built and last sold?
The property at 8 Elliott Street was built in 1929 and last sold on Aug 31, 2020 for $445,000.
How much is this home worth?
The estimated value of the home located at 8 Elliott Street is $0.
What are some comparable homes to 8 Elliott Street?
There are currently no comparable homes to 8 Elliott Street.
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