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Danvers 01923
8 Palmer Ave
$385,000
● House - Off Market

8 Palmer Ave

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,674 Ft²
$614,130
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

**Opportunity is knocking!!** Here is your opportunity to build some equity in your home! This home features 5 bedrooms, 2 full baths, garage and large level backyard.   Conviently located close to all major highways, shopping malls and restaurants, this is a home that cannot be missed.  Newer hot water tank.  Come bring your ideas and your visions to this wonderful colonial style home.  First showings at open house Sunday 8/19 from 11am-1230.
Unit Size
1,674 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$248
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1950

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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 #72380151)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Aug 16, 2018 Listed by Keller Williams Realty Evolution $414,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,674
  • Gross Building Area: 3,032
  • Building Area: 1,674
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,674
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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:062 L:103 P:
  • Lot: 103
  • Municipality: DANVERS
  • Latitude: 42.5508
  • Longitude: -70.9547

    Address

  • Full Address: 8 Palmer Ave
  • Address - House Number: 8
  • Address - Street Name: Palmer
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C020
  • 4-Digit Zip Code: 3528
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $636,300

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 650,794
  • High Value: 768,504
  • Low Value: 533,083

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $572,700
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $239,200

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180928007780
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72380151

Frequently Asked Questions

When was property at 8 Palmer Avenue built and last sold?
The property at 8 Palmer Avenue was built in 1950 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 8 Palmer Avenue is $416,633.
What are some comparable homes to 8 Palmer Avenue?
There are currently no comparable homes to 8 Palmer Avenue.
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