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Danvers 01923
40 Coolidge Rd
$429,000
● House - Off Market

40 Coolidge Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,702 Ft²
$735,887
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Open House Sunday April 24, 2016.  Come and see this highly sought after ranch in popular Woodvale of Danvers. This 1700 sq ft  7 room, 3 bed, 2 bath,  ranch has many updates and sits on a 22,960 sq ft level lot. Sliders open to a concrete patio where you can entertain, barbecue and enjoy this half acre fenced in lot. There also is a large shed on site for storage.
Unit Size
1,702 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$258
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1959

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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 #71994169)

Price History

Date / Event Date Event Price
Jun 30, 2016 Sold
Premium
Sold
Apr 26, 2016 Listed by Don Corbett Real Estate $439,900
Listed by Don Corbett Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,960
  • Total Building Area: 1,702
  • Gross Building Area: 1,801
  • Building Area: 1,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,702
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000527
  • 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:036 L:162 P:
  • Lot: 162
  • Municipality: DANVERS
  • Latitude: 42.5748
  • Longitude: -70.9306

    Address

  • Full Address: 40 Coolidge Rd
  • Address - House Number: 40
  • Address - Street Name: Coolidge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C002
  • 4-Digit Zip Code: 2358
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,700

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 703,238
  • High Value: 823,107
  • Low Value: 583,368

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $617,200
  • Assessed Land Value: $386,100
  • Assessed Improvements Value: $231,100

    Sales

  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1068
  • Previous Sale Recording Date: Jul 09, 2015
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71994169

Frequently Asked Questions

When was property at 40 Coolidge Road built and last sold?
The property at 40 Coolidge Road was built in 1959 and last sold on Jan 1, 1970 for $429,000.
How much is this home worth?
The estimated value of the home located at 40 Coolidge Road is $455,966.
What are some comparable homes to 40 Coolidge Road?
There are currently no comparable homes to 40 Coolidge Road.
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