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$200,000
● Condo - Off Market

21 Cherry #2B

Danvers, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
517 Ft²
$335,116
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Cozy in-town condo located less than 500 yards from downtown Danvers in the historic house rich in tradition and charm. This bright, newly updated, second floor unit has a large private deck, a one-car garage with additional parking for one car, a clean, well lit basement featuring a large personal storage area and separate laundry. Nothing to do but move in! Pet Friendly with approval from owner-trustees. Low Condo Fee.
Unit Size
517 Ft²
Days on Market
-
Land Size
-
Price per sqft
$384
Property Type
Condo
Property Taxes
$191
HOA Dues
$100
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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: 4 years ago (MLSPIN #72059007)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Aug 26, 2016 Listed by LAER Realty Partners $198,500
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Interior Details
Level: Second
Features: Flooring - Hardwood, Dining Area, Cabinets - Upgraded, Remodeled, Gas Stove
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
Features: Ceiling Fan(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Level: Second
Level: Second
Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Cable Hookup, Exterior Access, Remodeled
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Hardwood
Laundry Features: Electric Dryer Hookup, Walk-in Storage, Washer Hookup, In Basement, In Building
Rooms: 3
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Twenty-One Cherry Street Condominum
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck - Wood
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R1
Parcel Number: 3844447
Water Source: Public
Financial Details
Tax Assessed Value: $161,600
Tax Annual Amount: $2,295
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
HOA Fee: $100
Community Features: Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72059007
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