$175,000
●
Condo -
Off Market
21 Cherry Street #1B
Danvers, MA 01923
1 Bed
1 Bath
500 Ft²
$339,573
RealtyHop Estimate
88.76%
Since Apr 1, 2007
MA-Boston
Primary Model
About This Property
Spacious 1st floor unit, with private deck, 1 car garage. 9
foot ceilings make this unit feel much larger than 500 sq. ft.
Private storage room/washer and dryer. Condo fees are only
$75.00. Close to town, major commuter routes. A must see!
Unit Size
500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$360
Property Type
Condo
Property Taxes
$148
HOA Dues
$75
Year Built
-
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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 months ago (MLSPIN #70508057)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | Listed by Keller Williams Realty Evolution | $230,000 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
One bedroom condo with hardwood floors, galley kitchen with granite counter tops, and newer windows. Located close to downtown Danvers. Convenient to restaurants, rail trail and highways, Own laundry and additional storage located in the basement. Unit also comes with a Garage large enough for a compact car. (please note this sale is subject to probate approval) All offers need to be received by 1/16 at 2:00. APPOINTMENT ONLY
| |||
| Aug 28, 2015 | Sold | ||
| Sold | |||
| Jul 29, 2015 | Listed by Windhill Realty, LLC | $184,000 | |
| Listed by Windhill Realty, LLC | |||
| | |||
|
Beautiful one bedroom condo on a lovely tree lined street in Danvers. This unit has an updated kitchen complete with granite counters, it's own private deck, garage parking plus an additional space. There is even space to plant a garden if you so choose. It's conveniently located near downtown, highways, and the Rail Trail. A large private storage room in the basement comes complete with a washer & dryer! Gas heat for efficiency! Condo fee is only $80!! Don't miss out on a great opportunity!
| |||
| Mar 15, 2007 | Sold | ||
| Sold | |||
Show More
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Parking Features: Detached, Garage Door Opener, Deeded
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Vinyl
Laundry Features: In Basement
Rooms: 3
Basement: Y
Exterior Details
Square Footage: 500
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1910
Building Area Total: 500
Building Area Units: Square Feet
Patio and Porch Features: Porch, Deck
Lot Size Units: Acres
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $179,000
Tax Annual Amount: $1,772
Utilities Details
Cooling Type: None
Heating Type: Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal
HOA Fee: $75
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/01/2025
|
1 Bed
|
1 Bath
|
517 ft²
|
$379,900
1 Bed
1 Bath
517 ft²
|
$395,000
+3.97%
01/31/2025
|
Frank A. Vallarelli
Anderson Treacy Real Estate
| |
|
01/11/2022
|
1 Bed
|
1 Bath
|
500 ft²
|
$230,000
1 Bed
1 Bath
500 ft²
|
$240,000
+4.35%
02/28/2022
|
Nancy Yorgy
Keller Williams Realty Evolution
| |
|
07/17/2019
|
1 Bed
|
1 Bath
|
517 ft²
|
$219,000
1 Bed
1 Bath
517 ft²
|
$220,000
+0.46%
08/30/2019
|
Frank A. Vallarelli
Anderson Treacy Real Estate
| |
|
08/26/2016
|
1 Bed
|
1 Bath
|
517 ft²
|
$198,500
1 Bed
1 Bath
517 ft²
|
$200,000
+0.76%
09/30/2016
|
Catherine Moschella
LAER Realty Partners
| |
|
07/29/2015
|
1 Bed
|
1 Bath
|
500 ft²
|
$184,000
1 Bed
1 Bath
500 ft²
|
$186,000
+1.09%
08/28/2015
|
Kathleen Brown
Lighthouse Realty Group, Inc.
| |
|
03/25/2015
|
3 Bed
|
2 Bath
|
1414 ft²
|
$299,000
3 Bed
2 Bath
1414 ft²
|
$320,000
+7.02%
05/08/2015
|
Felicia Giuliano
Classified Realty Group
| |
|
02/19/2014
|
1 Bed
|
1 Bath
|
517 ft²
|
$174,500
1 Bed
1 Bath
517 ft²
|
$167,000
-4.30%
06/25/2014
|
Catherine Moschella
LAER Realty Partners
| |
|
01/09/2007
|
1 Bed
|
1 Bath
|
500 ft²
|
$179,900
1 Bed
1 Bath
500 ft²
|
$175,000
-2.72%
03/15/2007
|
Carol Leonard
Conway - Mansfield
| |
|
01/06/2003
|
3 Bed
|
2 Bath
|
1414 ft²
|
$299,000
3 Bed
2 Bath
1414 ft²
|
$295,000
-1.34%
02/21/2003
|
Patricia White
Coldwell Banker Residential Brokerage - Arlington
| |
|
01/10/2001
|
3 Bed
|
2 Bath
|
1414 ft²
|
$235,900
3 Bed
2 Bath
1414 ft²
|
$230,000
-2.50%
08/17/2001
|
Lynn Torrey
Carlson GMAC Real Estate
|
Building Info
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