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Danvers 01923
7 Appletree Road
$485,000
● House - Off Market

7 Appletree Road

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,616 Ft²
$743,521
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Fantastic Danvers Opportunity.  Wonderful long established neighborhood close to everything! Open living room, dining room, kitchen all with access via slider to a wonderful backyard - all perfect for family time or entertaining.  Beautiful hardwood floors, a fireplace (with insert), bay window and custom built in shelves/cabinets all accent the living room.  Kitchen includes updated stainless steel appliances and a window overlooking the in-ground pool.  Each bedroom is generously proportioned and has plenty of closet space.  The basement is perfectly set up for creating additional living area.  An oversize two car garage and multiple driveway spaces provide parking for all your cars, recreational vehicles or visitors. Come visit your new home today!
Unit Size
1,616 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$309
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1955

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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 #72393495)

Price History

Date / Event Date Event Price
Nov 13, 2018 Sold
Premium
Sold
Sep 11, 2018 Listed by Churchill Properties $499,900
Listed by Churchill Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 9,278
  • Total Building Area: 1,616
  • Gross Building Area: 2,071
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • 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:045 L:027 P:
  • Lot: 27
  • Municipality: DANVERS
  • Latitude: 42.566
  • Longitude: -70.917

    Address

  • Full Address: 7 Appletree Rd
  • Address - House Number: 7
  • Address - Street Name: Appletree
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C018
  • 4-Digit Zip Code: 3442
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $571,800

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 641,569
  • High Value: 750,926
  • Low Value: 532,211

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $514,700
  • Assessed Land Value: $338,900
  • Assessed Improvements Value: $175,800

    Sales

  • Current Sale Recording Date: Nov 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181113004210
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

2240 ft²

Average Home Age

84.6 years

Currently For Sale

28 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# 72393495

Frequently Asked Questions

When was property at 7 Apple Tree Road built and last sold?
The property at 7 Apple Tree Road was built in 1955 and last sold on Jan 1, 1970 for $485,000.
How much is this home worth?
The estimated value of the home located at 7 Apple Tree Road is $510,054.
What are some comparable homes to 7 Apple Tree Road?
There are currently no comparable homes to 7 Apple Tree Road.
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