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Danvers 01923
32 Reservoir Drive
Photo of 32 Reservoir Drive
Sold on Dec 14, 2010

1

Map

$600,000
● House - Off Market

32 Reservoir Drive

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,106 Ft²
$1,441,075
RealtyHop Estimate
110.38%
Since Jan 1, 2011
MA-Boston
Primary Model

About This Property

Unique waterfront home and fabulous location! At the end of a picturesque cul de sac, shared with an orchard of fruit trees and incredible year round water views in desirable Reservoir neighborhood! The bright, spacious, open design of the home with walls of windows, 3rd floor balcony & vaulted ceilings give you full advantage of the views and landscapes. With 3 levels plus full & partially finished basement, the many unique and quality features of this beautiful home are too numerous to list!
Unit Size
3,106 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$221
Property Type
House
Property Taxes
$585
HOA Dues
$40
Year Built
1983

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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: 12 months ago (MLSPIN #71128113)

Price History

Date / Event Date Event Price
Dec 15, 2010 Sold
Premium
Sold
Aug 25, 2010 Listed by Keller Williams Realty Evolution $685,000
Listed by Keller Williams Realty Evolution
Mar 6, 2009 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,474
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,691
  • Total Building Area: 3,219
  • Gross Building Area: 5,908
  • Building Area: 3,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,219
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROGERS FARM
  • Land Acres: 0000000475
  • 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: 211402

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:009 L:039 P:
  • Lot: 39
  • Municipality: DANVERS
  • Latitude: 42.5963
  • Longitude: -70.9518

    Address

  • Full Address: 32 Reservoir Dr
  • Address - House Number: 32
  • Address - Street Name: Reservoir
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C019
  • 4-Digit Zip Code: 1228
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,118,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,130,092
  • High Value: 1,303,157
  • Low Value: 957,027

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,006,400
  • Assessed Land Value: $438,000
  • Assessed Improvements Value: $568,400

    Sales

  • Current Sale Recording Date: Dec 15, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 06, 2009
  • Previous Sale Amount: $250,000
  • 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

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

Rentals Near You

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Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 71128113

Frequently Asked Questions

When was property at 32 Reservoir Drive built and last sold?
The property at 32 Reservoir Drive was built in 1983 and last sold on Jan 1, 1970 for $600,000.
How much is this home worth?
The estimated value of the home located at 32 Reservoir Drive is $708,426.
What are some comparable homes to 32 Reservoir Drive?
There are currently no comparable homes to 32 Reservoir Drive.
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