NOT LISTED FOR SALE

51 Locust St Danvers, MA 01923

Estimated Value: $950,000 - $1,050,000

5 Beds
3 Baths
3,209 Sq Ft
$307/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $940,000 $293 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,877/month

10 Days on Market

Highlights

  • Marina
  • Community Stables
  • Property is near public transit
  • Golf Course Community
  • Medical Services
  • Community Pool

About This Home

As of May 2024

Well maintained 3 Family with detached barn and garage for sale!! Location Location Location! Close to St. Johns Prep , downtown danvers and all major highways and rtes. Own a fantastic investment property that includes 3 apartments! Unit 1, 2 bedrooms and 1 bathroom on the first floor. Unit 2 has 2 bedrooms 1 bathroom on 2 living levels. Unit 3 is 1 bed 1 bath townhouse style. 2 of the 3 units have been updated within the last 5 years including stainless steel appliances and in unit washer and dryers in all units. There is also a large detached 2 car garage with additional space.

Last Agent to Sell the Property

Chris Blasczak

Liberty Residential Realty, LLC Listed on: 03/12/2024

Last Buyer's Agent

Nathan Seavey

Leading Edge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,218

Year Built

  • Built in 1845

Lot Details

  • 0.37 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,209 Sq Ft Home
  • Insulated Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Highlands Elementary School
  • Holten Richmond Middle School
  • Danvers High School

Additional Features

  • Bulkhead
  • 3 Heating Zones

Listing and Financial Details

  • Total Actual Rent $5,275
  • Assessor Parcel Number 1876361

Community Details

Overview

  • 3 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,218

Year Built

Built in 1845

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1845
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Living Area: 3209
  • Spa YN: No
  • Stories Total: 5
  • Window Features: Insulated Windows
  • MAIN LO: AN0224
  • MAIN SO: AN4643

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, River, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 16

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1876361
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16329
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8218

Multi Family

  • Net Operating Income: 43200
  • Number Of Units Total: 3
  • Total Actual Rent: 5275
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Danvers High
  • Elementary School: Highlands
  • Middle Or Junior School: Holten Richmond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2017
Sold by
51 Locust Street Rt and Cail
Bought by
Ganey Alexander P
Current Estimated Value
$983,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,000
Outstanding Balance
$298,053
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$685,857

Purchase Details

Closed on
May 7, 2013
Sold by
Cail Robert G and Cail Jean D
Bought by
51 Locust Street Rt and Cail
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ganey Alexander P $491,000 --
51 Locust Street Rt -- --
51 Locust Street Rt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ganey Alexander P $361,000
Closed 51 Locust Street Rt $361,000
Previous Owner 51 Locust Street Rt $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2024 05/07/24 Sold $940,000 -1.0% $293 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $949,900 -- $296 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $8,659 $787,900 $343,100 $444,800
2024 $8,309 $747,900 $343,100 $404,800
2023 $8,218 $699,400 $304,300 $395,100
2022 $7,488 $591,500 $265,400 $326,100
2021 $7,568 $566,900 $240,800 $326,100
2020 $7,690 $588,800 $233,100 $355,700
2019 $6,538 $492,300 $225,300 $267,000
2018 $6,304 $465,600 $218,800 $246,800
2017 $5,826 $410,600 $203,300 $207,300
2016 $5,701 $401,500 $194,200 $207,300
2015 $5,533 $371,100 $168,300 $202,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73211044

MLS Property Information Network (MLS PIN)

APN: DANV-000035-000000-000135