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Danvers 01923
40 Roosevelt Avenue
$640,000
● House - Off Market

40 Roosevelt Avenue

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,564 Ft²
$591,878
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Good things come to those who wait, well wait no longer! Get into Danvers for under $600,000. Adorable 3/4 Bed 2 Full Bath with hardwood floors throughout! Freshly painted and floors glossed up for you to move right in. Perfect timing to use the back deck for summertime fun. Gets a little too hot, roll out the Canopy to chill for the rest of the day. Later on, sit out on the Patio and have a fire to cook some hotdogs, hamburgers or smores!  Easy access to the Rail Trail for those who like to enjoy a brisk walk or a bike ride. Close to downtown to enjoy the many restaurants' Danvers has to offer, and no traffic to get home with ease. Beaver Park area on a dead-end street. Who could ask for more! Don't miss it, you'll be sorry.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$377
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1957

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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 #73118493)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
Jun 8, 2023 In contract -
In contract
May 31, 2023 Listed by Century 21 North East $589,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 909
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,428
  • Total Building Area: 1,573
  • Gross Building Area: 2,815
  • Building Area: 1,573
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,573
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000239
  • 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:094 P:
  • Lot: 94
  • Municipality: DANVERS
  • Latitude: 42.5709
  • Longitude: -70.9465

    Address

  • Full Address: 40 Roosevelt Ave
  • Address - House Number: 40
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C027
  • 4-Digit Zip Code: 2034
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $624,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 655,788
  • High Value: 758,192
  • Low Value: 553,385

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,000
  • Assessed Land Value: $342,200
  • Assessed Improvements Value: $219,800

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230623000390
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73118493

Frequently Asked Questions

When was property at 40 Roosevelt Avenue built and last sold?
The property at 40 Roosevelt Avenue was built in 1957 and last sold on Jun 15, 2023 for $640,000.
How much is this home worth?
The estimated value of the home located at 40 Roosevelt Avenue is $603,248.
What are some comparable homes to 40 Roosevelt Avenue?
There are currently no comparable homes to 40 Roosevelt Avenue.
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