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Danvers 01923
40 North Shore Avenue
Photo of 40 North Shore Avenue
Sold on Oct 27, 2011

1

Map

$597,500
● House - Off Market

40 North Shore Avenue

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,615 Ft²
$1,320,382
RealtyHop Estimate
112.96%
Since Nov 1, 2011
MA-Boston
Primary Model

About This Property

Remarkable Contemporary home sited on a level 13,272 SF lot with unsurpassed views of the Danvers River...this is the location you have been waiting for! The current owners have completed a stunning transformation of this 1959 multi level home into a showcase that is breath taking; there is a sumptuous Master Suite, 3-4 spacious bedrooms, a Family Room with a vaulted ceiling, gourmet kitchen, finished lower level, and easy access to major routes.
Unit Size
3,615 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$172
Property Type
House
Property Taxes
$484
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: 2 days ago (MLSPIN #71268738)

Price History

Date / Event Date Event Price
Mar 14, 2023 Sold
Premium
Sold
Jan 22, 2023 In contract -
In contract
Dec 14, 2022 Listed by Coldwell Banker Residential Brokerage - Beverly $1,250,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Oct 27, 2011 Sold
Premium
Sold
Jul 25, 2011 Listed by Coldwell Banker Residential Brokerage - Beverly $620,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 7
  • Basement Area: 1,802
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,273
  • Total Building Area: 3,367
  • Gross Building Area: 4,177
  • Building Area: 3,367
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,367
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARBOR VIEW
  • Land Acres: 0000000305
  • 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: 211100

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:067 L:036 P:
  • Lot: 36
  • Municipality: DANVERS
  • Latitude: 42.5435
  • Longitude: -70.9129

    Address

  • Full Address: 40 N Shore Ave
  • Address - House Number: 40
  • Street Direction: N
  • Address - Street Name: Shore
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3743
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,183,400

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,225,653
  • High Value: 1,421,348
  • Low Value: 1,029,957

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,065,200
  • Assessed Land Value: $460,600
  • Assessed Improvements Value: $604,600

    Sales

  • Current Sale Contract Date: Mar 14, 2023
  • Current Sale Recording Date: Mar 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230314001920
  • Previous Sale Recording Date: Oct 27, 2011
  • Previous Sale Amount: $597,500
  • 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:

$715,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2037 ft²

Average Home Age

88.6 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 days ago
Data Source: MLS PIN, MLS# 71268738

Frequently Asked Questions

When was property at 40 North Shore Avenue built and last sold?
The property at 40 North Shore Avenue was built in 1959 and last sold on Mar 14, 2023 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 40 North Shore Avenue is $1,255,745.
What are some comparable homes to 40 North Shore Avenue?
There are currently no comparable homes to 40 North Shore Avenue.
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