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Danvers 01923
8 Spring St
$720,000
● House - Off Market

8 Spring St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,556 Ft²
$1,092,187
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Turn key oversized Cape Cod style home in the heart of the desirable "Prep Area" of Danvers. This bright and airy home has updated kitchens with new appliances and updated baths. New energy efficient windows and beautiful tile and hardwood floors. The bedrooms are all spacious with loads of closet space.  Attached is a lovely 840 square foot EFLA or in law built in 2003 with and open floor plan and separate entrance.  In addition, get ready to relax in an amazing sun porch which connects the main house to the in-law apartment. Beautiful grounds with patio and fenced in ground pool.   NO SHOWINGS UNTIL THE OPEN HOUSE SATURDAY JUNE 3RD FROM 11:30-1, and SUNDAY JUNE 4TH FROM 12:30-2. ALL OFFERS IF ANY DUE TUESDAY JUNE 6TH AT NOON.
Unit Size
3,556 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$197
Property Type
House
Property Taxes
$604
HOA Dues
-
Year Built
1960

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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 #72174099)

Price History

Date / Event Date Event Price
Jul 26, 2017 Sold
Premium
Sold
Jun 1, 2017 Listed by J. Barrett & Company $699,900
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,906
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,047
  • Total Building Area: 3,827
  • Gross Building Area: 5,538
  • Building Area: 3,827
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,827
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000414
  • 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: R3

Geography

  • Parcel: DANV M:025 L:068 P:
  • Lot: 68
  • Municipality: DANVERS
  • Latitude: 42.5801
  • Longitude: -70.9574

    Address

  • Full Address: 8 Spring St
  • Address - House Number: 8
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C001
  • 4-Digit Zip Code: 1545
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $923,400

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 991,493
  • High Value: 1,144,943
  • Low Value: 838,042

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $831,100
  • Assessed Land Value: $376,400
  • Assessed Improvements Value: $454,700

    Sales

  • Current Sale Recording Date: Feb 13, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180213000570
  • Previous Sale Recording Date: Jul 26, 2017
  • Previous Sale Amount: $720,000
  • Previous Sale Document Type: O
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

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2238 ft²

Average Home Age

84.8 years

Currently For Sale

36 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: 4 months ago
Data Source: MLS PIN, MLS# 72174099

Frequently Asked Questions

When was property at 8 Spring Street built and last sold?
The property at 8 Spring Street was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 Spring Street is $739,102.
What are some comparable homes to 8 Spring Street?
There are currently no comparable homes to 8 Spring Street.
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