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Danvers 01923
20 Ledgewood Drive
$680,000
● House - Off Market

20 Ledgewood Drive

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,227 Ft²
$783,314
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Absolutely Adorable! This 4 bedroom Colonial is situated on beautifully landscaped grounds located near St. John's Prep and the brand new Smith Elementary School in Danvers. Enjoy a sleekly designed kitchen with pendant lighting and gleaming granite countertops. Formal dining room, spacious front-to-back living room with fireplace, lovely hardwood floors and oversized windows throughout the home. The family room features a cozy pellet stove and a sliding door that opens to the airy screen porch with views of the quiet back yard and woods beyond. Ample closet space, 2 decks, main floor laundry, lovely perennials and a 2 car garage complete the package. Convenient to Routes 95, 128, and Rt. 1.  Call today to schedule your private showing.
Unit Size
2,227 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$314
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1964

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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 #72895261)

Price History

Date / Event Date Event Price
Dec 9, 2021 Sold
Premium
Sold
Sep 15, 2021 Listed by Refined Real Estate, LLC $699,000
Listed by Refined Real Estate, LLC
May 15, 1992 Sold
Premium
Sold
Jun 15, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,412
  • Total Building Area: 2,227
  • Gross Building Area: 3,636
  • Building Area: 2,227
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,227
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000354
  • 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: R2

Geography

  • Parcel: DANV M:020 L:056 P:
  • Lot: 56
  • Municipality: DANVERS
  • Latitude: 42.5829
  • Longitude: -70.9475

    Address

  • Full Address: 20 Ledgewood Dr
  • Address - House Number: 20
  • Address - Street Name: Ledgewood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C021
  • 4-Digit Zip Code: 1129
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $806,000

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 741,842
  • High Value: 894,759
  • Low Value: 588,925

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $725,500
  • Assessed Land Value: $378,000
  • Assessed Improvements Value: $347,500

    Sales

  • Current Sale Contract Date: Dec 09, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211209003160
  • Previous Sale Recording Date: May 15, 1992
  • Previous Sale Amount: $227,000
  • 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:

$699,450

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72895261

Frequently Asked Questions

When was property at 20 Ledgewood Drive built and last sold?
The property at 20 Ledgewood Drive was built in 1964 and last sold on Dec 9, 2021 for $680,000.
How much is this home worth?
The estimated value of the home located at 20 Ledgewood Drive is $0.
What are some comparable homes to 20 Ledgewood Drive?
There are currently no comparable homes to 20 Ledgewood Drive.
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