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Danvers 01923
1 Norwich Road
$795,900
● House - Off Market

1 Norwich Road

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3,907 Ft²
$909,306
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to this wonderful large family home...Sits high on a corner lot with total privacy and picturesque views for amazing sunsets! The sunlight pours into every room... featuring a great open floor plan perfect for entertaining family and friends...especially when stepping out to the amazing patio for grilling! Newly painted with several new updates and improvements, 1st and 2nd floor have a family room/great room with enough space for in home theater/game room or home office/home schooling.Newer heating system, new fence, walking distance to Thorpe Elementary School and to Danvers Middle and High Schools...OPEN Houses on Sat/Sun 7/10 & 7/11 from 12:00- 1:30.
Unit Size
3,907 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$205
Property Type
House
Property Taxes
$677
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72860082)

Price History

Date / Event Date Event Price
Aug 24, 2021 Sold
Premium
Sold
Jul 5, 2021 Listed by J.Gagnon Real Estate Associates $799,900
Listed by J.Gagnon Real Estate Associates
Dec 15, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,748
  • Total Building Area: 3,907
  • Gross Building Area: 4,560
  • Building Area: 3,907
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,907
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Danvers School District
  • School Tax School District: DANVERS SD
  • Census Tract: 211300

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:028 L:135 P:
  • Lot: 135
  • Municipality: DANVERS
  • Latitude: 42.5772
  • Longitude: -70.9237

    Address

  • Full Address: 1 Norwich Rd
  • Address - House Number: 1
  • Address - Street Name: Norwich
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 2514
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,200

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 905,618
  • High Value: 1,045,705
  • Low Value: 765,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,400
  • Assessed Land Value: $412,700
  • Assessed Improvements Value: $405,700

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210824002580
  • Previous Sale Recording Date: Dec 15, 1992
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Danvers

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72860082

Frequently Asked Questions

When was property at 1 Norwich Road built and last sold?
The property at 1 Norwich Road was built in 1966 and last sold on Aug 24, 2021 for $795,900.
How much is this home worth?
The estimated value of the home located at 1 Norwich Road is $0.
What are some comparable homes to 1 Norwich Road?
There are currently no comparable homes to 1 Norwich Road.
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