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Danvers 01923
29 Cornell Rd
$497,000
● House - Off Market

29 Cornell Rd

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,940 Ft²
$809,697
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION!!! Large single level ranch is ready for new owners. Featuring open floor plan with 4 bedrooms, 1 full bath, 3/4 master bath, dining room, large living room, updated kitchen, extra large family room with brick fireplace and sliding doors leading to exterior screened room, laundry room, 2 car attached garage, cul-de-sac street,....Sale is subject to seller finding housing
Unit Size
1,940 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$268
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1966

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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 #72244802)

Price History

Date / Event Date Event Price
Dec 11, 2017 Sold
Premium
Sold
Oct 18, 2017 Listed by AdoEma Realty, LLC $519,000
Listed by AdoEma Realty, LLC
Jan 27, 2016 Sold
Premium
Sold
Jul 16, 2015 Listed by AdoEma Realty, LLC $399,900
Listed by AdoEma Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 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: 3,078
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • 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:273 P:
  • Lot: 273
  • Municipality: DANVERS
  • Latitude: 42.5746
  • Longitude: -70.92

    Address

  • Full Address: 29 Cornell Rd
  • Address - House Number: 29
  • 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: $672,200

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 707,239
  • High Value: 818,950
  • Low Value: 595,527

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,000
  • Assessed Land Value: $390,000
  • Assessed Improvements Value: $215,000

    Sales

  • Current Sale Recording Date: Dec 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171211004620
  • Previous Sale Recording Date: Jan 27, 2016
  • Previous Sale Amount: $399,000
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2303 ft²

Average Home Age

86.2 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 72244802

Frequently Asked Questions

When was property at 29 Cornell Road built and last sold?
The property at 29 Cornell Road was built in 1966 and last sold on Jan 1, 1970 for $497,000.
How much is this home worth?
The estimated value of the home located at 29 Cornell Road is $530,550.
What are some comparable homes to 29 Cornell Road?
There are currently no comparable homes to 29 Cornell Road.
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