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Danvers 01923
7 Broad St
$455,000
● House - Off Market

7 Broad St

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,783 Ft²
$686,459
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Delightful Expanded Cape!  This home has it all!  You will love the oak cabinetry kitchen ... no shortage of cabinets or counter space here!  The spacious fireplaced family room with hardwood floors takes center stage for entertaining and relaxing and has sliders to a wonderful deck and an expansive fenced yard.  This home has four bedrooms and a flexible floor plan.  Master bedroom features a wonderful custom closet with built-in drawers.  Newly updated 2nd floor bath with wood-look tile looks amazing.  Great location with shopping malls, highway access and town amenities nearby.  Enjoy breezes from nearby Crane River this summer!  Showings begin at open houses Friday, May 19, 5-6:30pm and Saturday, May 20, 12-1:30pm.  Offers due by Monday at 6pm.
Unit Size
1,783 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$247
Property Type
House
Property Taxes
$441
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 #72166209)

Price History

Date / Event Date Event Price
Jul 14, 2017 Sold
Premium
Sold
May 17, 2017 Listed by Coldwell Banker Residential Brokerage - Beverly $439,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Mar 27, 2014 Sold
Premium
Sold
Jan 18, 2014 Listed by Coldwell Banker Residential Brokerage - Beverly $399,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Jun 29, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,601
  • Total Building Area: 2,232
  • Gross Building Area: 3,141
  • Building Area: 2,232
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: R1

Geography

  • Parcel: DANV M:064 L:089 P:
  • Lot: 89
  • Municipality: DANVERS
  • Latitude: 42.5493
  • Longitude: -70.9228

    Address

  • Full Address: 7 Broad St
  • Address - House Number: 7
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3709
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $682,700

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 714,921
  • High Value: 836,781
  • Low Value: 593,060

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $614,500
  • Assessed Land Value: $340,300
  • Assessed Improvements Value: $274,200

    Sales

  • Current Sale Recording Date: Jul 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 201
  • Previous Sale Recording Date: Mar 27, 2014
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: O
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

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: 4 months ago
Data Source: MLS PIN, MLS# 72166209

Frequently Asked Questions

When was property at 7 Broad Street built and last sold?
The property at 7 Broad Street was built in 1955 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 7 Broad Street is $454,990.
What are some comparable homes to 7 Broad Street?
There are currently no comparable homes to 7 Broad Street.
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