$167,000
●
Condo -
Off Market
21 Cherry St #2B
Danvers, MA 01923
1 Bed
1 Bath
517 Ft²
$316,738
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model
About This Property
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.
Unit Size
517 Ft²
Days on Market
-
Land Size
-
Price per sqft
$338
Property Type
Condo
Property Taxes
$174
HOA Dues
$80
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: 4 months ago (MLSPIN #71635009)
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 | |||
| | |||
|
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.
| |||
| 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.
| |||
Show More
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Range, Disposal, Refrigerator, Washer, Dryer
Flooring Type: Wood
Laundry Features: In Basement, In Building
Rooms: 3
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 517
Year Built Source: Public Records
Year Built: 1864
Building Area Total: 517
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $143,300
Tax Annual Amount: $2,084
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
HOA Fee: $80
HOA Fee Frequency: Monthly
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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