$395,000
●
Condo -
Off Market
21 Cherry Street #2B
Danvers, MA 01923
1 Bed
1 Bath
517 Ft²
$2,302
Est. Monthly
$250
HOA / Fees
5.02%
Cap Rate
About This Property
All the charm and comfort you desire in this well maintained one
bedroom, one bath condominium, a short walk from Danvers Center.
Convenient to restaurants, shopping, rail trails and major
highways, this unit boasts a private wood deck right outside your
entryway door, a garage space with extra storage, hardwood floors
and an updated galley kitchen. Your private deck is shaded by an
ancient Beech tree. Large private storage space in basement with
your own washer and dryer setup, which Owners will leave as gifts.
New aluminum garage door and opener, new water tank installed in
September 2022, and newer heating system. All three units in this
converted turn of the century Victorian are owner occupied and the
owners manage the complex. Pets welcomed, with restrictions. Owners
are flexible on a closing date.
Unit Size
517 Ft²
Days on Market
-
Land Size
-
Price per sqft
$735
Property Type
Condo
Property Taxes
$186
HOA Dues
$250
Year Built
-
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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: 2 years ago (MLSPIN #73322273)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | In contract | - | |
| In contract | |||
| Jan 1, 2025 | Listed by Anderson Realty Partners | $379,900 | |
| Listed by Anderson Realty Partners | |||
| Aug 30, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by Anderson Treacy Real Estate | $219,000 | |
| Listed by Anderson Treacy Real Estate | |||
| | |||
|
The loveliest home on Cherry Street houses your cozy in-town condo. Less than 500 yards from the many shopping & dining options of downtown Danvers, this historic house has been meticulously maintained in keeping with the beautiful neighborhood, rich in tradition and charm. Your large private deck, shaded by ancient beech trees, is just upstairs from the one-car garage. A clean well-lit basement features your own separate laundry connections and a large personal storage area. Pets are welcome too! This is a home to enjoy for many years to come, both inside and out.
| |||
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Property Highlights
Garage
Parking Available
Interior Details
Level: Second
Width: 8
Length: 16
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Area: 128
Area: 35
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 7
Level: Second
Width: 5
Length: 14
Level: Second
Area: 196
Features: Ceiling Fan(s), Flooring - Hardwood, Exterior Access
Width: 14
Features: Ceiling Fan(s), Closet, Flooring - Hardwood
Level: Second
Length: 13
Width: 11
Area: 143
Features: No
Full Bathrooms: 1
Interior Features: Storage
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Building
Rooms: 3
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Garage Door Opener, Storage, Deeded, Off Street, Paved
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Twenty-One Cherry Street
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame, Stone
Patio and Porch Features: Deck - Wood
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: MF
Parcel Number: 3844447
Water Source: Public
Financial Details
Tax Map Number: 43
Tax Assessed Value: $200,900
Tax Annual Amount: $2,232
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $250
Community Features: Public Transportation, Shopping, Park, Laundromat
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association
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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