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Danvers 01923
28 Colby Rd
$667,500
● House - Off Market

28 Colby Rd

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
5 Baths
square feet
3,244 Ft²
$1,198,762
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

A RARE offering!  Two attached homes to accommodate multiple, customized living scenarios. Highly desirable Danvers location at the end of a cul-de-sac. The Split Entry, built in 1982, includes 3 bedrooms and 3 full baths and open concept kitchen, dining and living areas, while the Ranch, also open concept, and connected 2-car garage, built in 2013, includes 2 bedrooms and 2 baths. Both homes feature warm hardwood flooring and tile throughout. All on just over one half acre, level landscaped lot with appealing outside living spaces and ample, off-street parking. Permitted EFLA with the town of Danvers. Convenient highway access and to area amenities including shopping, public and private schools, walking/jogging trails.
Unit Size
3,244 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$215
Property Type
House
Property Taxes
$626
HOA Dues
-
Year Built
1982

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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 #71903917)

Price History

Date / Event Date Event Price
Apr 22, 2021 Sold
Premium
Sold
Feb 9, 2021 Listed by Coldwell Banker Residential Brokerage - Beverly $789,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Mar 30, 2016 Sold
Premium
Sold
Sep 13, 2015 Listed by Coldwell Banker Residential Brokerage - Beverly $699,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Mar 12, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 5
  • Partial Bathrooms: 7
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,352
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,417
  • Total Building Area: 3,281
  • Gross Building Area: 4,336
  • Building Area: 3,281
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,281
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR HILL
  • Land Acres: 0000000583
  • 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:016 L:075 P:
  • Lot: 75
  • Municipality: DANVERS
  • Latitude: 42.5906
  • Longitude: -70.9305

    Address

  • Full Address: 28 Colby Rd
  • Address - House Number: 28
  • Address - Street Name: Colby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 1749
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $881,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 920,109
  • High Value: 1,076,841
  • Low Value: 763,376

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $793,400
  • Assessed Land Value: $387,500
  • Assessed Improvements Value: $405,900

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210422003560
  • Previous Sale Recording Date: Mar 30, 2016
  • Previous Sale Amount: $667,500
  • Previous Sale Document Type: O
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71903917

Frequently Asked Questions

When was property at 28 Colby Road built and last sold?
The property at 28 Colby Road was built in 1982 and last sold on Apr 21, 2021 for $850,000.
How much is this home worth?
The estimated value of the home located at 28 Colby Road is $796,052.
What are some comparable homes to 28 Colby Road?
There are currently no comparable homes to 28 Colby Road.
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