Active Under Contract
16 Days on market
201 Old Burley St Danvers — Photo 1 of 17

201 Old Burley St Danvers — Photo 1 of 17

$699,000

Investment Analysis — 201 Old Burley St

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01923 carries an estimated $3,230/mo in gross rent — about a 3.24% cap rate and $22,637/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,317

Style

Single Family

Built

1958

More space, more updates, and more possibilities - welcome to 201 Old Burley Street! Set on 1.5 acres, this extensively renovated three-bedroom ranch combines the ease of single-level living with a surprisingly flexible floor plan. Inside, hardwood floors carry throughout the bright, open-concept living spaces and all three bedrooms. The updated kitchen features stainless steel appliances, ample workspace, and a seamless connection to the dining and living areas, making everyday living and entertaining feel effortless. A beautifully renovated full bathroom completes the main level. Need room to spread out? The partially finished, walk-out lower level is ready to adapt to your lifestyle, whether you envision a home office, fitness studio, media room, creative space, or a combination of them all. There is also additional unfinished space offering excellent storage and future potential. Outside, the expansive yard provides plenty of room for gardening, recreation, outdoor gatherings, and more. A rear patio, refreshed landscaping, updated siding, newer roof, and oversized paved driveway add to the home’s functionality and curb appeal. With public sewer, private water, 200-amp electrical service, and convenient access to shopping, parks, trails, local farms, and Routes 128 and 95, this property delivers the space you have been searching for without sacrificing everyday convenience. Updated, versatile, and sitting on an exceptional piece of land. 201 Old Burley Street is ready for its next chapter.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 659 sq ft (the lesser of 900 sq ft or half the 1,317 sq ft principal dwelling). Lot size: 65,340 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$699,000
Annual Taxes$6,821

Parking

Garage0
Off-Street15

Interior Specifications

Total Rooms5
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPrivate
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR-3

Property & Lot

Acres1.5
SqFt Lot65,340
Lot FeaturesCleared

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • Private School

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomMaster BedroomBedroom 2Bedroom 3
Basement
Family Room
Main,First
KitchenBathroom 1
Living Room
Lvl First

14 x 13

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Lighting - Overhead

Dining Room
Lvl First

12 x 10

Flooring - Hardwood, Open Floorplan, Lighting - Overhead

Kitchen
Lvl Main,First

12 x 11

Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances

Family Room
Lvl Basement

23 x 15

Flooring - Wall to Wall Carpet, Open Floorplan, Lighting - Overhead

Master Bedroom
Lvl First

12 x 12

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

11 x 8

Bedroom 3
Lvl First

11 x 8

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl Main,First

7 x 7

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled

Listing Provided By

Listing Agent: Team Lillian Montalto

Listing Office: Lillian Montalto Signature Properties

MLS® Number: 73569054