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Danvers 01923
87 Burley St
$550,000
● House - Off Market

87 Burley St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,820 Ft²
$613,541
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

4 bedroom/2 bath ranch near Danvers High School.  Roof only 2 years young.  Wonderful bones and huge potential. Offered as is.  Offers please allow 24 hours for a response.  Seller will review and accept offers as submitted.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$307
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72921501)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by The Virtual Realty Group $559,000
Listed by The Virtual Realty Group
Jun 29, 2007 Sold
Premium
Sold
May 19, 2007 Listed by The Virtual Realty Group $369,000
Listed by The Virtual Realty Group

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,149
  • Total Building Area: 1,660
  • Gross Building Area: 2,049
  • Building Area: 1,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,660
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE DANVERS SEC B
  • Land Acres: 0000000440
  • 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: R3

Geography

  • Parcel: DANV M:028 L:023 P:
  • Lot: 23
  • Municipality: DANVERS
  • Latitude: 42.5799
  • Longitude: -70.9273

    Address

  • Full Address: 87 Burley St
  • Address - House Number: 87
  • Address - Street Name: Burley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 2330
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $639,000

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 660,361
  • High Value: 776,927
  • Low Value: 543,796

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $575,200
  • Assessed Land Value: $381,100
  • Assessed Improvements Value: $194,100

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220121003390
  • Previous Sale Recording Date: Aug 21, 2018
  • 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:

$699,900

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# 72921501

Frequently Asked Questions

When was property at 87 Burley Street built and last sold?
The property at 87 Burley Street was built in 1964 and last sold on Jan 12, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 87 Burley Street is $561,984.
What are some comparable homes to 87 Burley Street?
There are currently no comparable homes to 87 Burley Street.
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