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Danvers 01923
3 Arrowhead Road
$615,000
● House - Off Market

3 Arrowhead Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,483 Ft²
$743,218
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

APPOINTMENT REQUIRED LOCATION! LOCATION! Nice 3 bedroom split entry home in one of the most highly sought after neighborhoods in Danvers. Beautiful level fenced backyard just waiting for warm weather and summer barbecues!    The living room has a nice bay window allowing lots of natural light and is open to the dining room with slider leading to the deck. Three bedrooms on the main level with full bath.  The lower level family room is spacious also with slider leading to yard plus 3/4 bath, laundry area and access to garage. Vinyl siding, newer roof, central air, one car garage plus shed for storage.
Unit Size
1,483 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$425
Property Type
House
Property Taxes
$567
HOA Dues
-
Year Built
1980

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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 years ago (MLSPIN #72786239)

Price History

Date / Event Date Event Price
Apr 16, 2021 Sold
Premium
Sold
Feb 16, 2021 Listed by Coldwell Banker Realty - Back Bay $630,000
Listed by Coldwell Banker Realty - Back Bay

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 7
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,483
  • Gross Building Area: 2,232
  • Building Area: 1,483
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,483
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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:385 P:
  • Lot: 385
  • Municipality: DANVERS
  • Latitude: 42.5759
  • Longitude: -70.9404

    Address

  • Full Address: 3 Arrowhead Rd
  • Address - House Number: 3
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2263
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $719,800

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 741,558
  • High Value: 856,430
  • Low Value: 626,686

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $647,900
  • Assessed Land Value: $418,500
  • Assessed Improvements Value: $229,400

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210416005520
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

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72786239

Frequently Asked Questions

When was property at 3 Arrowhead Road built and last sold?
The property at 3 Arrowhead Road was built in 1980 and last sold on Apr 16, 2021 for $615,000.
How much is this home worth?
The estimated value of the home located at 3 Arrowhead Road is $0.
What are some comparable homes to 3 Arrowhead Road?
There are currently no comparable homes to 3 Arrowhead Road.
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