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Danvers 01923
5 Colby Rd.
$840,000
● House - Off Market

5 Colby Rd.

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,118 Ft²
$4,332
Est. Monthly

About This Property

Beautiful, very well maintained by longtime owners and located in highly desired Danvers Woodvale neighborhood on a quiet dead-end cul-de-sac, this spacious & inviting ranch-style home w/attached two-car garage offers easy one-level living. Featuring a primary BR suite, 3 additional bedrooms plus a bonus room, kitchen with granite counters and newer SS appliances, laundry room, and a great room with cathedral ceilings with a slider leading out to the spectacular, fully fenced huge backyard with a large deck, fire pit, storage shed, and horseshoe pit. Extras include; central air, brand new heating system and hot water heater, 200 amp electrical service, irrigation system, and more! Open Houses Saturday 2:00-3:30 & Sunday 11:00-12:30.
Unit Size
2,118 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$358
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1961

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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 #73162562)

Price History

Date / Event Date Event Price
Dec 1, 2023 Sold
Premium
Sold
Oct 4, 2023 In contract -
In contract
Sep 27, 2023 Listed by Coldwell Banker Realty - Beverly $759,000
Listed by Coldwell Banker Realty - Beverly
Jul 2, 1998 Sold
Premium
Sold
May 14, 1998 Listed by Coldwell Banker Realty - Beverly $214,900
Listed by Coldwell Banker Realty - Beverly
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 25,949
  • Total Building Area: 2,118
  • Gross Building Area: 3,300
  • Building Area: 2,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 2,118
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE DANVERS SEC P
  • Land Acres: 0000000596
  • 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: R3

Geography

  • Parcel: DANV M:022 L:016 P:
  • Lot: 16
  • Municipality: DANVERS
  • Latitude: 42.5867
  • Longitude: -70.9294

    Address

  • Full Address: 5 Colby Rd
  • Address - House Number: 5
  • Address - Street Name: Colby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 1709
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $759,800

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 781,945
  • High Value: 915,092
  • Low Value: 648,798

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $683,900
  • Assessed Land Value: $410,200
  • Assessed Improvements Value: $273,700

    Sales

  • Current Sale Contract Date: Dec 01, 2023
  • Current Sale Recording Date: Dec 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231201001690
  • Previous Sale Recording Date: Jul 02, 1998
  • Previous Sale Amount: $208,000
  • 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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73162562

Frequently Asked Questions

When was property at 5 Colby Road built and last sold?
The property at 5 Colby Road was built in 1961 and last sold on Dec 1, 2023 for $840,000.
How much is this home worth?
The estimated value of the home located at 5 Colby Road is $768,635.
What are some comparable homes to 5 Colby Road?
There are currently no comparable homes to 5 Colby Road.
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