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Danvers 01923
9 Putnam Lane
$700,000
● House - Off Market

9 Putnam Lane

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,819 Ft²
$735,262
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss this opportunity to live nestled among some of Danvers' newest subdivisions! This oversized home on a 1.32 acre lot set back from the street will not disappoint! Gorgeous updated kitchen with stainless steel appliances and HUGE center island is perfect for family dinners and entertaining. Living room/dining room are complimented by bamboo floors and a stone fireplace perfect for cool fall evenings. Additional bedrooms and office plus a full bathroom finish off this level. Enjoy the cathedral ceilings, exposed beams and exposed wood throughout. Current master bedroom has a large walk in closet with double sliding doors. Bonus family room and additional updated full bathroom make for a perfect private oasis with additional fireplace. Just a few finishing touches and this house will SHINE!
Unit Size
2,819 Ft²
Days on Market
-
Land Size
1.32 acres
Price per sqft
$238
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1974

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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 #72913455)

Price History

Date / Event Date Event Price
Jan 5, 2022 Sold
Premium
Sold
Oct 27, 2021 Listed by Coldwell Banker Realty - Andover $669,900
Listed by Coldwell Banker Realty - Andover
Nov 1, 1999 Sold
Premium
Sold
Sep 9, 1999 Listed by Coldwell Banker Realty - Andover $309,900
Listed by Coldwell Banker Realty - Andover

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 0
  • 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: 1,404
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,687
  • Total Building Area: 2,801
  • Gross Building Area: 3,622
  • Building Area: 2,801
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,801
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 16 PARSONS ST
  • Land Acres: 0000001324
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:032 L:047A P:
  • Lot: 47A
  • Municipality: DANVERS
  • Latitude: 42.5758
  • Longitude: -70.977

    Address

  • Full Address: 9 Putnam Ln
  • Address - House Number: 9
  • Address - Street Name: Putnam
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1012
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $776,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 800,408
  • High Value: 924,542
  • Low Value: 676,273

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $699,300
  • Assessed Land Value: $439,600
  • Assessed Improvements Value: $259,700

    Sales

  • Current Sale Contract Date: Jan 05, 2022
  • Current Sale Recording Date: Jan 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220105003140
  • Previous Sale Recording Date: Nov 01, 1999
  • Previous Sale Amount: $299,000
  • 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:

$699,900

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72913455

Frequently Asked Questions

When was property at 9 Putnam Lane built and last sold?
The property at 9 Putnam Lane was built in 1974 and last sold on Jan 5, 2022 for $700,000.
How much is this home worth?
The estimated value of the home located at 9 Putnam Lane is $688,012.
What are some comparable homes to 9 Putnam Lane?
There are currently no comparable homes to 9 Putnam Lane.
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