11 Cherry St #3
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2026 | Sold | ||
| Sold | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed by Leading Edge Real Estate | $539,000 | |
| Listed by Leading Edge Real Estate | |||
| Sep 13, 2021 | Sold | ||
| Sold | |||
| Jul 7, 2021 | Listed by Compass | $404,900 | |
| Listed by Compass | |||
| | |||
|
Welcome to Cherry Place Condominium! This spectacular two-level townhouse features a large fireplace living room, stainless/granite kitchen, 2 bedrooms, custom tile bathroom, and hardwood floors throughout. The 2nd floor features a half bath as well as 2 additional rooms that can be used as an extra bedroom & office space. Recent updates include a brand new water heater, heating furnace, central AC which was installed in 2021. This condo is located a short distance from Danvers Center which includes restaurants & town shops. Come on by!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/07/2021
|
2 Bed
|
2 Bath
|
1680 ft²
|
$404,900
2 Bed
2 Bath
1680 ft²
|
$415,000
+2.49%
09/13/2021
|
Live in Luxury Real Estate Team
Compass
| |
|
04/19/2013
|
2 Bed
|
1 Bath
|
1680 ft²
|
$279,900
2 Bed
1 Bath
1680 ft²
|
$276,500
-1.21%
08/15/2013
|
Mary Rossi
Coldwell Banker Residential Brokerage - Topsfield
| |
|
06/03/2006
|
3 Bed
|
1 Bath
|
1705 ft²
|
$359,900
3 Bed
1 Bath
1705 ft²
|
$325,000
-9.70%
12/22/2006
|
John Thomson
| |
|
05/27/2006
|
2 Bed
|
1 Bath
|
1033 ft²
|
$319,900
2 Bed
1 Bath
1033 ft²
|
$300,000
-6.22%
09/20/2006
|
John Thomson
The Thomson Companies
| |
|
05/19/2006
|
2 Bed
|
1 Bath
|
719 ft²
|
$269,900
2 Bed
1 Bath
719 ft²
|
$262,000
-2.93%
07/03/2006
|
John Thomson
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017