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Danvers 01923
1 Oberlin Road
$640,000
● House - Off Market

1 Oberlin Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,595 Ft²
$766,038
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

Rare 3-4 bedroom, 2.5 bath Sprawling Ranch style home located on a large corner lot in the Desirable Woodvale section of Danvers. Expansive Great Room overlooks the shimmering built-in pool. A beautifully updated bath compliments the owners suite. This home is a must see to appreciate the over 2,500 sq ft floor plan with In-Law potential. Located near elementary, middle and high schools. Close to downtown Danvers and easy highway access.  No Showings until the Open House on Saturday and Sunday, 11:30 - 1:00, October 3rd and 4th  Please submit any and all offers by 4pm October 5  COVID Protocols in place- all parties must wear a mask during showings.
Unit Size
2,595 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$231
Property Type
House
Property Taxes
$544
HOA Dues
-
Year Built
1962

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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 #72734271)

Price History

Date / Event Date Event Price
Nov 10, 2020 Sold
Premium
Sold
Sep 29, 2020 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $599,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 18,199
  • Total Building Area: 2,595
  • Gross Building Area: 2,995
  • Building Area: 2,595
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,595
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000418
  • 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:140 P:
  • Lot: 140
  • Municipality: DANVERS
  • Latitude: 42.5768
  • Longitude: -70.925

    Address

  • Full Address: 1 Oberlin Rd
  • Address - House Number: 1
  • Address - Street Name: Oberlin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 2516
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $759,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 779,200
  • High Value: 897,758
  • Low Value: 660,641

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,600
  • Assessed Land Value: $390,300
  • Assessed Improvements Value: $293,300

    Sales

  • Current Sale Contract Date: Nov 04, 2020
  • Current Sale Recording Date: Nov 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20201110002410
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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72734271

Frequently Asked Questions

When was property at 1 Oberlin Road built and last sold?
The property at 1 Oberlin Road was built in 1962 and last sold on Nov 4, 2020 for $640,000.
How much is this home worth?
The estimated value of the home located at 1 Oberlin Road is $0.
What are some comparable homes to 1 Oberlin Road?
There are currently no comparable homes to 1 Oberlin Road.
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