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Danvers 01923
99 Locust St
$725,000
● House - Off Market

99 Locust St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,655 Ft²
$968,231
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home! This house has been well maintained and updated. With 3 large bedrooms, 2 updated baths and a fantastic Extended Family Living Area. The EFLA has a full kitchen, large bedroom, bath and its own w/d.  This home has all you could need, inside and out!  Kitchen has been completely updated with stainless steel appliances, granite countertop, with peninsula, and new backsplash. Den with pellet stove and large windows, living room overlooking beautiful perennial gardens, and light filled great room with gas stove. Dining room can accomodate a large table or extra seating. With a composite deck, an above ground pool, perennial gardens, swing set, and stone patio, there is no lack of outdoor space to enjoy.  Don't miss the opportunity to make this your home.
Unit Size
2,655 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$270
Property Type
House
Property Taxes
$696
HOA Dues
-
Year Built
1935

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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 #72654027)

Price History

Date / Event Date Event Price
Jul 10, 2020 Sold
Premium
Sold
May 9, 2020 Listed by Brick & Barn Real Estate Group $718,000
Listed by Brick & Barn Real Estate Group
Jan 5, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 15,703
  • Total Building Area: 2,171
  • Building Area: 2,171
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 22
  • Heated Square Feet: 2,171
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DANVERS PLAINS REALTY TRUST
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Danvers School District
  • School Tax School District: DANVERS SD
  • Census Tract: 211300

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:035 L:360 P:
  • Lot: 360
  • Municipality: DANVERS
  • Latitude: 42.576
  • Longitude: -70.9368

    Address

  • Full Address: 99 Locust St
  • Address - House Number: 99
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2205
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $839,900

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 851,815
  • High Value: 996,392
  • Low Value: 707,238

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $756,000
  • Assessed Land Value: $340,700
  • Assessed Improvements Value: $415,300

    Sales

  • Current Sale Contract Date: Jul 09, 2020
  • Current Sale Recording Date: Jul 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200710004060
  • Previous Sale Recording Date: Jan 05, 2007
  • Previous Sale Amount: $440,000
  • 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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2275 ft²

Average Home Age

82.8 years

Currently For Sale

30 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72654027

Frequently Asked Questions

When was property at 99 Locust Street built and last sold?
The property at 99 Locust Street was built in 1935 and last sold on Jul 9, 2020 for $725,000.
How much is this home worth?
The estimated value of the home located at 99 Locust Street is $740,626.
What are some comparable homes to 99 Locust Street?
There are currently no comparable homes to 99 Locust Street.
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