NOT LISTED FOR SALE

127 Sylvan St Danvers, MA 01923

6 Beds
6 Baths
3,845 Sq Ft
0.36 Acres

Last Sold March 21, 2022

Last sale price $1,500,000 $390 Per Sq Ft

1 Day on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Tennis Courts
  • Park

About This Home

As of March 2022

Group Showings 4-6pm TODAY (Thurs. 2/17) 10am-12 and Fri. 2/18. No appointment needed. Please submit offers by 5pm Tuesday 2/22. Sellers reserve the right to accept prior. Nothing to do but purchase and enjoy the benefits of passive income with great long term tenants, 5 are at will and 1 has a lease until April 30, 2022 (Unit #3). Plans for expansion and potential condo conversion are available at Danvers town hall. Each unit has separate utilities. Improvements include: New electric service, 4 new Navien combo heat and hot water units, the other 2 are approximately 9 years young, Roof replaced in 2015 with Azek trim, new granite steps at entry, and windows have all been replaced, third floor most recently. Other benefits include a laundry room with coin op washer and dryer, Large yard with plenty of parking. Proximity to all that Danvers has to offer is fantastic.

Last Listed By

Susan Schale

Keller Williams Realty Evolution Listed on: 02/17/2022

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,309

Year Built

  • Built in 1865 | Remodeled

Lot Details

  • 0.36 Acre Lot
  • Near Conservation Area
  • Level Lot
  • Garden

Home Design

  • 3,845 Sq Ft Home
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 12 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Danvers High School

Utilities

  • 6 Heating Zones
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $7,425
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:062 L:025 P:,1881629

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $730
  • Insurance Expense $3,900
  • Water Sewer Expense $3,900
  • Operating Expense $23,305
  • Net Operating Income $65,795

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,309

Year Built

Built in 1865 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Property Condition: Unit 3 Remodeled
  • Year Built: 1865
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood,Tile,Carpet,Laminate, Wall to Wall Carpet, Unit 1(undefined), Unit 2(Tile Floor,Wood Flooring), Unit 3(Tile Floor,Wood Flooring), Unit 4(Tile Floor,Wood Flooring)
  • Interior Amenities: Other (See Remarks), Unit 1(Studio,Upgraded Cabinets,Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Stone/Granite/Solid Counters,Upgraded Cabinets,Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Microwave,Refrigerator), Unit 2(Range,Microwave,Refrigerator), Unit 3(Range,Dishwasher,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections Varies per Unit
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 3845
  • Stories Total: 9
  • MAIN LO: AN4851
  • LIST PRICE PER Sq Ft: 416.12
  • PRICE PER Sq Ft: 390.12
  • MAIN SO: C67600

Exterior Features

  • Exterior Features: Rain Gutters, Storage, Garden
  • Construction Materials: Brick
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, Varies per Unit
  • Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Fee Information

  • Water Sewer Expenses: 3900

Lot Info

  • Parcel Number: M:062 L:025 P:,1881629
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.36
  • Lot Size Area: 0.36
  • Lot Size Sq Ft: 15681.599999
  • Lot Size Units: Acres
  • LOT SIZE: 15738
  • PAGE: 211

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10309
  • Tax Book Number: 34178

Multi Family

  • Electric Expense: 730
  • Gross Income: 89100
  • Insurance Expense: 3900
  • Net Operating Income: 65795
  • Number Of Units Total: 6
  • Operating Expense: 23305
  • Total Actual Rent: 7425
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Danvers

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $1,500,000 -6.3% $390 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $1,600,000 +133.2% $416 / Sq Ft
06/30/2015 06/30/15 Sold $686,000 -1.9% $178 / Sq Ft
05/31/2015 05/31/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $699,000 -- $182 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72943804

MLS Property Information Network (MLS PIN)