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Danvers 01923
23 Cornell Road
$430,000
● House - Off Market

23 Cornell Road

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,940 Ft²
$796,836
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

CONGRATULATIONS!  If you are reading this, you have found a winner!  Nearly 2000 sq ft of elbow room, all on one level, situated near the end of a tranquil cul-de-sac. This beautiful home features 4 Bedrooms and 2.5 Baths, including a renovated master bath.  Free-flowing floor plan great for entertaining, with modern kitchen and pantry, deck overlooking backyard, fireplaced family room, and freshly painted interior.  A newer roof plus a 2 car attached garage completes the package. Steps to Thorpe Elementary School and sports fields.
Unit Size
1,940 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$226
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1968

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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: 4 months ago (MLSPIN #71672955)

Price History

Date / Event Date Event Price
Jun 27, 2014 Sold
Premium
Sold
May 1, 2014 Listed by RE/MAX Advantage Real Estate $439,000
Listed by RE/MAX Advantage Real Estate
Jul 16, 2001 Sold
Premium
Sold
May 10, 2001 Listed by RE/MAX Advantage Real Estate $359,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 18,125
  • Total Building Area: 1,940
  • Gross Building Area: 3,014
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • 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: R3

Geography

  • Parcel: DANV M:036 L:270 P:
  • Lot: 270
  • Municipality: DANVERS
  • Latitude: 42.5754
  • Longitude: -70.9209

    Address

  • Full Address: 23 Cornell Rd
  • Address - House Number: 23
  • Address - Street Name: Cornell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 2562
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $740,300

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 757,576
  • High Value: 874,930
  • Low Value: 640,223

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $666,300
  • Assessed Land Value: $390,000
  • Assessed Improvements Value: $276,300

    Sales

  • Current Sale Recording Date: Jun 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62700804
  • Previous Sale Recording Date: Jul 16, 2001
  • Previous Sale Amount: $357,800
  • Previous Sale Document Type: 27
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:

$699,000

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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: 4 months ago
Data Source: MLS PIN, MLS# 71672955

Frequently Asked Questions

When was property at 23 Cornell Road built and last sold?
The property at 23 Cornell Road was built in 1968 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 23 Cornell Road is $454,094.
What are some comparable homes to 23 Cornell Road?
There are currently no comparable homes to 23 Cornell Road.
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