H
Seller's Agent in 2024
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
199 Total Sales
42 Preston St Danvers, MA 01923
Danvers Area
7
Beds
7
Baths
4,874
Sq Ft
1.05
Acre Lot
Highlights
- Medical Services
- Property is near public transit and schools
- Jogging Path
- 1.05 Acre Lot
- Wooded Lot
- Porch
About This Home
As of July 2024Discover this meticulously maintained 7-unit apartment building in charming Danvers, MA. Each unit is a spacious 1-bedroom apartment featuring classic New England charm. The property boasts generous living areas with one full bathroom per unit and separate utilities. Ample off-street parking with 6 bay garage along with basement storage. Located near major highways, public transportation, downtown Danvers, parks, and healthcare facilities, this property offers easy access to essential amenities. With stable rental income and low operating expenses this property presents an excellent investment opportunity.
Last Agent to Sell the Property
Herrick Lutts Realty Partners Listed on: 06/05/2024
Last Buyer's Agent
Herrick Lutts Realty Partners Listed on: 06/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,295
Year Built
- Built in 1880
Lot Details
- 1.05 Acre Lot
- Wooded Lot
Parking
- 6 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,874 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Additional Features
- Porch
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $6,400
- Assessor Parcel Number M:012 L:017 P:,1873647
Community Details
Overview
- 7 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Net Operating Income $140,700
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2024
Closed on
Jul 15, 2024
Sold by
Bought by
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
List Price
$2,000,000
Sold Price
$1,745,000
Premium/Discount to List
-$255,000
-12.75%
Views
25
Purchase Details
Closed on
Jul 16, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0388%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,750,000 | None Available | ||
| $650,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $300,000 | ||
| Previous Owner | $225,000 | ||
| Previous Owner | $57,000 | ||
| Previous Owner | $45,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $1,745,000 | -12.8% | $358 / Sq Ft |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 06/05/2024 06/05/24 | For Sale | $2,000,000 | -- | $410 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,349 | $1,305,600 | $426,900 | $878,700 |
| 2024 | $12,295 | $1,106,700 | $404,400 | $702,300 |
| 2023 | $11,899 | $1,012,700 | $366,300 | $646,400 |
| 2022 | $10,867 | $858,400 | $306,300 | $552,100 |
| 2021 | $11,083 | $830,200 | $278,100 | $552,100 |
| 2020 | $10,519 | $805,400 | $301,800 | $503,600 |
| 2019 | $10,357 | $779,900 | $276,300 | $503,600 |
| 2018 | $9,831 | $726,100 | $265,800 | $460,300 |
| 2017 | $8,853 | $623,900 | $241,800 | $382,100 |
| 2016 | $8,557 | $602,600 | $231,300 | $371,300 |
| 2015 | $8,042 | $539,400 | $201,300 | $338,100 |
Source: Public Records
Agents Affiliated with this Home
-
Herrick Lutts Realty Partners
-
Nick Zolotas
Seller Co-Listing Agent in 2024
Nick Zolotas
Herrick Lutts Realty Partners
(978) 969-3427
36 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73247292
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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