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Danvers 01923
23 Cabot Rd
$430,000
● House - Off Market

23 Cabot Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,236 Ft²
$601,301
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Beautiful  corner lot in desirable Woodvale neighborhood of Danvers.  This ranch home has been lovingly cared for by it's current owner for over 50 years.  The eat in  kitchen was enlarged and remodeled in the 80's and includes lots of cabinets, a small center island, and can accommodate seating for a large family.  It  has access from the attached garage as well as the 3 season sunroom.  The washer and dryer are  conveniently located here.  This home offers 3 bedrooms (master with 1/2 bath), dining room which could be used as a seating/den/office area, and a living room with fireplace and coat closet.  The grounds have beautiful plantings and garden beds and an attractive paver walkway on the side of the home.
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$361
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1959

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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 #72648706)

Price History

Date / Event Date Event Price
Jul 2, 2020 Sold
Premium
Sold
May 6, 2020 Listed by Del Realty, Inc. $445,900
Listed by Del Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,049
  • Total Building Area: 1,276
  • Gross Building Area: 1,888
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE SEC A
  • Land Acres: 0000000391
  • 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:035 L:237 P:
  • Lot: 237
  • Municipality: DANVERS
  • Latitude: 42.5752
  • Longitude: -70.9331

    Address

  • Full Address: 23 Cabot Rd
  • Address - House Number: 23
  • Address - Street Name: Cabot
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2459
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $629,500

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 588,691
  • High Value: 725,382
  • Low Value: 452,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,600
  • Assessed Land Value: $372,100
  • Assessed Improvements Value: $194,500

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200702005010
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:

$699,997

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2246 ft²

Average Home Age

92.4 years

Currently For Sale

39 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72648706

Frequently Asked Questions

When was property at 23 Cabot Road built and last sold?
The property at 23 Cabot Road was built in 1959 and last sold on Jun 18, 2020 for $430,000.
How much is this home worth?
The estimated value of the home located at 23 Cabot Road is $453,673.
What are some comparable homes to 23 Cabot Road?
There are currently no comparable homes to 23 Cabot Road.
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