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Danvers 01923
16 Cottage Ave
Photo of 16 Cottage Ave
Sold on Apr 7, 2008

1

Map

$355,000
● House - Off Market

16 Cottage Ave

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,775 Ft²
$708,827
RealtyHop Estimate
99.67%
Since May 1, 2008
MA-Boston
Primary Model

About This Property

Half a block to town from this gracious, inviting 3 bedroom, 1 & 1 1/2 bath colonial. Home boasts hwd floors, neutral decor throughout. Entertain in open kitchen/formal dining featuring stunning exposed beams, Brazilian walnut hardwood, terrazzo floors, & center island.  Master bedroom has walk in closet. Formal living room & large family room with tons of light. Bonus room in basement for private office. All move in decor ready for those looking to unpack & relax.Updated elec.New ext/int paint
Unit Size
1,775 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$200
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #70708825)

Price History

Date / Event Date Event Price
Apr 7, 2008 Sold
Premium
Sold
Feb 7, 2008 Listed $355,000
Listed
Dec 14, 2004 Sold
Premium
Sold
Oct 12, 2004 Listed $324,900
Listed

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 713
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,319
  • Total Building Area: 1,775
  • Gross Building Area: 2,539
  • Building Area: 1,775
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,775
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • 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: 211202

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:043 L:210 P:
  • Lot: 210
  • Municipality: DANVERS
  • Latitude: 42.5674
  • Longitude: -70.9351

    Address

  • Full Address: 16 Cottage Ave
  • Address - House Number: 16
  • Address - Street Name: Cottage
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C036
  • 4-Digit Zip Code: 2948
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $566,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 618,279
  • High Value: 715,939
  • Low Value: 520,619

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,500
  • Assessed Land Value: $307,900
  • Assessed Improvements Value: $201,600

    Sales

  • Current Sale Recording Date: Apr 07, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 14, 2004
  • Previous Sale Amount: $324,000
  • 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:

$715,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2037 ft²

Average Home Age

88.6 years

Currently For Sale

36 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70708825

Frequently Asked Questions

When was property at 16 Cottage Avenue built and last sold?
The property at 16 Cottage Avenue was built in 1900 and last sold on Jan 1, 1970 for $355,000.
How much is this home worth?
The estimated value of the home located at 16 Cottage Avenue is $383,528.
What are some comparable homes to 16 Cottage Avenue?
There are currently no comparable homes to 16 Cottage Avenue.
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