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Danvers 01923
40 Brookside Ave
$699,900
● House - Off Market

40 Brookside Ave

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,484 Ft²
$698,090
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Spacious updated Cape Cod in great condition. Situated on a Cul De Sac in a neighborhood of nicer homes. This traditional dormered cape has been expanded with three large additional rooms on the first floor, a living room, a master bedroom, and a family room. There is truly room for everyone and everything, good sized two car garage with a loft, lots of parking. All three bedrooms are very large, and there is a a huge family room addition on the back of the home that overlooks the  oversized deck and large private backyard. Good sized living room with vaulted ceiling and skylights, with great light  sunlight throughout all rooms. The basement has two finished rooms good for game or exercising areas. The front of the first floor has a dining room and a large room good for a home office.
Unit Size
2,484 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$282
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1958

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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 #73122035)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
Jun 15, 2023 In contract -
In contract
Jun 7, 2023 Listed by Keller Williams Realty Evolution $699,900
Listed by Keller Williams Realty Evolution
Aug 1, 2003 Sold
Premium
Sold
Nov 29, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 816
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,650
  • Total Building Area: 2,484
  • Gross Building Area: 4,191
  • Building Area: 2,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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:034 L:105 P:
  • Lot: 105
  • Municipality: DANVERS
  • Latitude: 42.5715
  • Longitude: -70.9459

    Address

  • Full Address: 40 Brookside Ave
  • Address - House Number: 40
  • Address - Street Name: Brookside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C027
  • 4-Digit Zip Code: 2072
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $701,800

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 710,956
  • High Value: 821,088
  • Low Value: 600,825

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,700
  • Assessed Land Value: $343,200
  • Assessed Improvements Value: $288,500

    Sales

  • Current Sale Contract Date: Jul 10, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230710002620
  • Previous Sale Recording Date: Aug 01, 2003
  • Previous Sale Amount: $265,000
  • 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2238 ft²

Average Home Age

84.8 years

Currently For Sale

36 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: 4 months ago
Data Source: MLS PIN, MLS# 73122035

Frequently Asked Questions

When was property at 40 Brookside Avenue built and last sold?
The property at 40 Brookside Avenue was built in 1958 and last sold on Jul 10, 2023 for $699,900.
How much is this home worth?
The estimated value of the home located at 40 Brookside Avenue is $723,696.
What are some comparable homes to 40 Brookside Avenue?
There are currently no comparable homes to 40 Brookside Avenue.
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