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Danvers 01923
5 Coolidge Road
$400,000
● House - Off Market

5 Coolidge Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,420 Ft²
$569,976
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Charming old style home on a nice side street with spacious back yard and large composite deck for summertime fun. The first floor offers living room, dining room and perfect space for home office with lots of windows allowing natural light. Eat in kitchen with large pantry and rear access to deck and yard. Enjoy the summer breeze in the front enclosed porch. Second floor has three good size bedrooms and full bath. The basement has laundry, half bath and plenty of room for storage. One car garage. Newer roof.Easy access to all major highways, shopping and entertainment!
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$282
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1930

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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: 5 months ago (MLSPIN #72511780)

Price History

Date / Event Date Event Price
Jul 25, 2019 Sold
Premium
Sold
Jun 4, 2019 Listed by Coldwell Banker Residential Brokerage - Beverly $399,900
Listed by Coldwell Banker Residential Brokerage - Beverly

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 776
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,295
  • Total Building Area: 1,420
  • Gross Building Area: 2,499
  • Building Area: 1,420
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,420
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DANVERS PLAINS REALTY TRUST
  • Land Acres: 0000000099
  • 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:035 L:344 P:
  • Lot: 344
  • Municipality: DANVERS
  • Latitude: 42.5753
  • Longitude: -70.9362

    Address

  • Full Address: 5 Coolidge Rd
  • Address - House Number: 5
  • Address - Street Name: Coolidge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2362
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $575,200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 603,203
  • High Value: 712,306
  • Low Value: 494,101

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,700
  • Assessed Land Value: $317,600
  • Assessed Improvements Value: $200,100

    Sales

  • Current Sale Contract Date: Jul 10, 2019
  • Current Sale Recording Date: Jul 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190725003690

    Financing

  • First Mortgage Financing Type: ADJ
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:

$709,950

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2159 ft²

Average Home Age

95.9 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72511780

Frequently Asked Questions

When was property at 5 Coolidge Road built and last sold?
The property at 5 Coolidge Road was built in 1930 and last sold on Jul 10, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 5 Coolidge Road is $416,590.
What are some comparable homes to 5 Coolidge Road?
There are currently no comparable homes to 5 Coolidge Road.
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