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Danvers 01923
35 Cherry Street
$471,000
● House - Off Market

35 Cherry Street

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,652 Ft²
$733,274
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Located near Danvers' downtown area, this Antique Colonial has been well maintained with a fresh coat of paint and ready for you to move in! Set on a corner lot, this home features wood floors throughout, four bedrooms and one and half baths. You'll love the white, bright kitchen with stainless appliances, farmer's sink and pantry area and it leads into the open dining room. The first floor also offers a family room and living room, giving for plenty of room for the whole family. The second floor has fabulous built-in bookshelves, spacious bedrooms and a lovely window sitting area. Spend the summer out on your farmer's porch overlooking your spacious yard with stone wall and mature plantings. Newer roof, heating system and windows. Close to the rail trail, parks, library and commuter routes. Come home to Danvers!
Unit Size
2,652 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$177
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1858

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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 #72173056)

Price History

Date / Event Date Event Price
Jul 19, 2017 Sold
Premium
Sold
May 31, 2017 Listed by Coldwell Banker Residential Brokerage - Beverly $469,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Nov 24, 2015 Sold
Premium
Sold
Jul 22, 2015 Listed by Coldwell Banker Residential Brokerage - Beverly $399,999
Listed by Coldwell Banker Residential Brokerage - Beverly
Dec 8, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1858
  • Effective Year Built: 1858
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,187
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,349
  • Total Building Area: 2,652
  • Gross Building Area: 3,831
  • Building Area: 2,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,652
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: 211202

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:043 L:433 P:
  • Lot: 433
  • Municipality: DANVERS
  • Latitude: 42.5644
  • Longitude: -70.9408

    Address

  • Full Address: 35 Cherry St
  • Address - House Number: 35
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C004
  • 4-Digit Zip Code: 2847
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $660,800

    Appraisal Valuation

  • Standard Deviation: 0.2074
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 810,359
  • High Value: 978,704
  • Low Value: 642,013

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,800
  • Assessed Land Value: $324,900
  • Assessed Improvements Value: $269,900

    Sales

  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 363
  • Previous Sale Recording Date: Nov 24, 2015
  • Previous Sale Amount: $392,000
  • 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

50

Average Home Size

2254 ft²

Average Home Age

88.6 years

Currently For Sale

37 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# 72173056

Frequently Asked Questions

When was property at 35 Cherry Street built and last sold?
The property at 35 Cherry Street was built in 1858 and last sold on Jan 1, 1970 for $471,000.
How much is this home worth?
The estimated value of the home located at 35 Cherry Street is $499,603.
What are some comparable homes to 35 Cherry Street?
There are currently no comparable homes to 35 Cherry Street.
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