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Danvers 01923
8 Riverview Avenue
$304,000
● House - Off Market

8 Riverview Avenue

Danvers, MA 01923
bedrooms
23 Beds
bathrooms
2 Baths
square feet
1,165 Ft²
$658,300
RealtyHop Estimate
119.51%
Since Sep 1, 2002
MA-Boston
Primary Model

About This Property

COZY COLONIAL FARMHOUSE ON LARGE LOT PRIMARILY USED FOR VEGETABLE GARDENING.    NEWER REPLACEMENT WINDOWS AND FIRST FLOOR BATH AND LAUNDRY ARE AMONG THE MOST RECENT IMPROVEMENTS.  RIVER ACCESS AT END OF STREET.
Unit Size
1,165 Ft²
Days on Market
-
Land Size
-
Price per sqft
$257
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1897

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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 #30611017)

Price History

Date / Event Date Event Price
Apr 19, 2016 Sold
Premium
Sold
Aug 29, 2002 Sold
Premium
Sold
May 24, 2002 Listed by J. Barrett & Company $299,900
Listed by J. Barrett & Company
COZY COLONIAL FARMHOUSE ON LARGE LOT PRIMARILY USED FOR VEGETABLE GARDENING. NEWER REPLACEMENT WINDOWS AND FIRST FLOOR BATH AND LAUNDRY ARE AMONG THE MOST RECENT IMPROVEMENTS. RIVER ACCESS AT END OF STREET.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 540
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,888
  • Total Building Area: 1,060
  • Gross Building Area: 2,220
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDGAR F TRASK
  • Land Acres: 0000000388
  • 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: R2

Geography

  • Parcel: DANV M:060 L:088 P:
  • Lot: 88
  • Municipality: DANVERS
  • Latitude: 42.5574
  • Longitude: -70.9105

    Address

  • Full Address: 8 Riverview Ave
  • Address - House Number: 8
  • Address - Street Name: Riverview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C010
  • 4-Digit Zip Code: 3819
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $638,600

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 524,301
  • High Value: 646,041
  • Low Value: 402,562

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $574,800
  • Assessed Land Value: $371,500
  • Assessed Improvements Value: $203,300

    Sales

  • Current Sale Recording Date: Apr 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 195
  • Previous Sale Recording Date: Feb 13, 2013
  • 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:

$704,950

Sale Price/ft²

$398

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

94.7 years

Currently For Sale

37 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# 30611017

Frequently Asked Questions

When was property at 8 Riverview Avenue built and last sold?
The property at 8 Riverview Avenue was built in 1897 and last sold on Jan 1, 1970 for $308,000.
How much is this home worth?
The estimated value of the home located at 8 Riverview Avenue is $302,899.
What are some comparable homes to 8 Riverview Avenue?
There are currently no comparable homes to 8 Riverview Avenue.
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