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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Residential income homes
44 Summer St Danvers, MA 01923-1574
Entity Owned
1-yr Hold
Property ID
US38-1273384
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1965
Construction
STEEL FRAME
Total area
26,231 SF
Lot
2.23 ac (97,139 SF)
Zoning code
R2
APN
DANV M:026 L:003 P:
UPID
US38-1273384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Seasons of Danvers Nursing Home Retirement Community
-
Heather Flynn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Mc Mortgage LLC · 1 yrs held
Mc Mortgage LLC
since 2025
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
R2 · Danvers, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Danvers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danvers submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,100,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.20M (Jan 16 2025)
Last sale anchor
$1.20M
Jan 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$74,730
Tax year 2024
Assessed value
$6,726,400
Assessed 2024
Previous assessed
$6,726,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,025,000
Assessed improvement
$3,701,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
1
Stories
1
Units
55
Rooms
10
Bathrooms
62
Total area
26,231 SF
Lot
2.23 ac (97,139 SF)
Zoning code
R2
APN
DANV M:026 L:003 P:
UPID
US38-1273384
Jurisdiction
DANVERS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Danvers, MA
Zoning R2 · permitted uses
R2 · Danvers, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Danvers. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
1
Units
55
Rooms
10
Bathrooms
62
Lot
2.23 ac
Current owner
From public records · entity-resolved
Mc Mortgage LLC
Entity
Mailing address
44 SUMMER ST, DANVERS, MA 01923-1574
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Mc Mortgage LLC
Danvers Mc Owner LLC
Deed
related
—
Jan 3, 2017
—
Danvers Mc Owner LLC
—
Deed
related
$10,000,000 · Wellesley Bk
May 8, 2014
$1,200,000
Danvers Mc Owner LLC
44 Summer LLC
Quit Claim Arm's Length For Ne States
$5,000,000 · Bank Of New England NA
Mar 22, 2013
$320,000
44 Summer LLC
Harborside Ma LLC
Grant Deed
—
Aug 1, 1997
$2,872,000
Nationwide Health Prop
Matera Francis V Est
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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