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Danvers 01923
9 Ray St
Photo of 9 Ray St
Sold on Aug 30, 2006

1

Map

$376,000
● House - Off Market

9 Ray St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,967 Ft²
$689,719
RealtyHop Estimate
81.55%
Since Sep 1, 2006
MA-Boston
Primary Model

About This Property

Meticulously maintained and tastefully decorated describe this 3 bedroom, 1.5 bath ranch on quiet street. Home includes fireplaced living room, gleaming hardwood floors, large eat-in kitchen perfect for family gatherings, and large family room in lower level.  A spacious Florida Room overlooks a level yard w/in ground pool. Newer roof, siding, windows, and more. Ideal for first time buyers, or empty nestors.  Motivated sellers, price reduced.
Unit Size
1,967 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$193
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1954

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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: 6 months ago (MLSPIN #70417829)

Price History

Date / Event Date Event Price
Aug 30, 2006 Sold
Premium
Sold
Jul 5, 2006 Listed $379,900
Listed
Sep 21, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 7
  • Basement Area: 1,408
  • 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: 1,981
  • Gross Building Area: 3,146
  • Building Area: 1,981
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,981
  • 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:071 P:
  • Lot: 71
  • Municipality: DANVERS
  • Latitude: 42.5516
  • Longitude: -70.9534

    Address

  • Full Address: 9 Ray St
  • Address - House Number: 9
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C020
  • 4-Digit Zip Code: 3531
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,500

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 718,463
  • High Value: 840,007
  • Low Value: 596,918

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,400
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $279,900

    Sales

  • Current Sale Recording Date: Aug 30, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 21, 1998
  • Previous Sale Amount: $230,000
  • 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:

$719,500

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1940 ft²

Average Home Age

89.8 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 70417829

Frequently Asked Questions

When was property at 9 Ray Street built and last sold?
The property at 9 Ray Street was built in 1954 and last sold on Jan 1, 1970 for $376,000.
How much is this home worth?
The estimated value of the home located at 9 Ray Street is $406,383.
What are some comparable homes to 9 Ray Street?
There are currently no comparable homes to 9 Ray Street.
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