NOT LISTED FOR SALE

8 Walnut St Danvers, MA 01923

Estimated Value: $768,000 - $1,022,000

4 Beds
3 Baths
2,493 Sq Ft
$356/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $720,000 $289 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,369/month

6 Days on Market

Highlights

  • Marina
  • Medical Services
  • Jogging Path
  • Golf Course Community
  • Wood Flooring
  • Cooling Available

About This Home

As of August 2021

Owner occupants and investors! Don't miss this incredible opportunity to own a well maintained 3 family home with solid rental history! The spacious first floor offers 2 bedrooms, 1 full bath, updated eat-in kitchen, and 1,049 SF of living space. The second unit features 1 bedroom and 1 full bath, open living/dining area, kitchen with wonderful cabinet/counter space and 825 SF. On the third floor you will find 1 bedroom and 1 full bath, open concept floor plan, pull down attic storage, and 775 SF. All units are bright and airy and feature beautiful hardwood floors. Separate gas heat and electricity completed in 2013. Fantastic fenced in yard, stone patio, ample off street parking, basement storage, shared coin-op laundry, and 2 car garage. Units 1 and 2 are occupied and Unit 3 will be delivered vacant. Showings limited to the open houses Saturday, June 26th and Sunday, June 27th from 12-2PM. Masks and sanitizer required for entry. Offers due Monday, June 28th at Noon.

Last Agent to Sell the Property

Crowell & Frost Realty Group

J. Barrett & Company Listed on: 06/23/2021

Last Buyer's Agent

Jeffrey Terlik

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,814

Year Built

  • Built in 1880

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,493 Sq Ft Home
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Patio
  • Rain Gutters

Location

  • Property is near schools

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,150
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:049 L:022 P:,1878789

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $2,524
  • Water Sewer Expense $3,025
  • Operating Expense $20,300
  • Net Operating Income $20,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,814

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1880
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Refrigerator,Vent Hood), Unit 2(Range,Dishwasher,Refrigerator,Vent Hood), Unit 3(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room
  • Basement: Full, Walk-Out Access, Interior Entry, Unfinished
  • Living Area: 2493
  • Stories Total: 6
  • MAIN LO: C95243
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Wall AC), Unit 3(Wall AC)
  • Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3025

Lot Info

  • Parcel Number: M:049 L:022 P:,1878789
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Lot Size Units: Acres
  • LOT SIZE: 10890

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7814

Multi Family

  • Insurance Expense: 2524
  • Net Operating Income: 20885
  • Number Of Units Total: 3
  • Operating Expense: 20300
  • Total Actual Rent: 4150
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 18, 2021
Sold by
Sweetman Boschen C and Sweetman Elizabeth
Bought by
Odonnell Meaghan and Odonnell Ryan
Seller's Agent
Crowell & Frost Realty Group
J. Barrett & Company
Buyer's Agent
Jeffrey Terlik
Keller Williams Realty Evolution
List Price
$649,000
Sold Price
$720,000
Premium/Discount to List
$71,000
10.94%
Current Estimated Value
$887,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,177
Avg. Annual Appreciation
5.11%
Original Mortgage
$576,000
Outstanding Balance
$523,762
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$363,415

Purchase Details

Listed on
May 17, 2013
Closed on
Jun 13, 2013
Sold by
Demarco Deborah G
Bought by
Sweetman Elizabeth F
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
John Swain
Coldwell Banker Realty - Beverly
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%

Purchase Details

Listed on
May 17, 2013
Closed on
May 23, 2013
Sold by
Giles Eldred C Est
Bought by
Demarco Deborah G
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
John Swain
Coldwell Banker Realty - Beverly
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%
Source: Public Records

Range of Values:

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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
Odonnell Meaghan $720,000 None Available
Sweetman Elizabeth F $430,000 --
Demarco Deborah G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odonnell Meaghan $576,000
Previous Owner Demarco Deborah G $258,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $720,000 +10.9% $289 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $649,000 +50.9% $260 / Sq Ft
06/13/2013 06/13/13 Sold $430,000 -2.1% $172 / Sq Ft View Prior Sale
05/17/2013 05/17/13 For Sale $439,000 -- $176 / 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 $8,695 $791,200 $345,800 $445,400
2024 $8,405 $756,500 $345,800 $410,700
2023 $8,203 $698,100 $314,300 $383,800
2022 $7,612 $601,300 $285,100 $316,200
2021 $7,814 $585,300 $270,100 $315,200
2020 $6,722 $514,700 $266,900 $247,800
2019 $6,770 $509,800 $242,700 $267,100
2018 $6,417 $473,900 $240,200 $233,700
2017 $6,295 $443,600 $209,900 $233,700
2016 $5,860 $412,700 $200,200 $212,500
2015 $5,816 $390,100 $182,000 $208,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72854747

MLS Property Information Network (MLS PIN)

APN: DANV-000049-000000-000022