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Danvers 01923
40 Chestnut Street
Photo of 40 Chestnut Street
Sold on Apr 8, 2010

1

Map

$252,800
● House - Off Market

40 Chestnut Street

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,066 Ft²
$524,311
RealtyHop Estimate
105.29%
Since May 1, 2010
MA-Boston
Primary Model

About This Property

NOT A SHORT SALE & NOT BANK OWNED! Still plenty of time to take advantage of 1st time buyers credit. This property will not qualify for an FHA loan. Handyman's special. Some recent updates inc. 10 new windows & double doors to VERY Lg back/side yard. Newer shed incl.; kitchen has new cabinets & countertops.  Appliances older & remain as gifts. New 1st fl. bath. Excellent commuting location to routes 128 & 1,or Beverly train. Roof & furnace age unknown, but in working condition.  Priced to sell!
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$240
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MLSPIN #71042822)

Price History

Date / Event Date Event Price
Apr 8, 2010 Sold
Premium
Sold
Mar 6, 2010 Listed $255,400
Listed
Sep 28, 2001 Sold
Premium
Sold
Aug 1, 2001 Listed $219,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 609
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,544
  • Total Building Area: 1,066
  • Gross Building Area: 1,974
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • 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:043 L:026 P:
  • Lot: 26
  • Municipality: DANVERS
  • Latitude: 42.5701
  • Longitude: -70.9344

    Address

  • Full Address: 40 Chestnut St
  • Address - House Number: 40
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2256
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,600

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 608,587
  • High Value: 712,686
  • Low Value: 504,489

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $534,300
  • Assessed Land Value: $345,300
  • Assessed Improvements Value: $189,000

    Sales

  • Current Sale Recording Date: Apr 08, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 28, 2001
  • Previous Sale Amount: $227,500
  • 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:

$699,997

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2240 ft²

Average Home Age

91.3 years

Currently For Sale

39 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: 2 years ago
Data Source: MLS PIN, MLS# 71042822

Frequently Asked Questions

When was property at 40 Chestnut Street built and last sold?
The property at 40 Chestnut Street was built in 1900 and last sold on Jan 1, 1970 for $252,800.
How much is this home worth?
The estimated value of the home located at 40 Chestnut Street is $0.
What are some comparable homes to 40 Chestnut Street?
There are currently no comparable homes to 40 Chestnut Street.
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