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Danvers 01923
7 Burley Farm Rd
$399,900
● House - Off Market

7 Burley Farm Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$726,482
RealtyHop Estimate
81.67%
Since Jun 1, 2014
MA-Boston
Primary Model

About This Property

Charming extended 7 room Cape featuring 3 bedrooms and 2 baths, All rooms freshly painted. Kitchen updated in 2012 with granite counter tops, granite center island,  tile floor and stainless steel appliances.  Open dining area with built in cabinet . Formal living room with hardwood floors and fireplace with mantel. Finished family room/office in basement with tile floor.  Kitchen nook with French doors to maintenance free deck overlooking enclosed yard with plantings. Vinyl replacement windows Attached garage.  Easy access to schools, Thorpe, Holten/Richmond and Danvers High School and moments to Rt. 128 and Downtown Danvers.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$244
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1960

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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 #71633993)

Price History

Date / Event Date Event Price
May 2, 2014 Sold
Premium
Sold
Feb 16, 2014 Listed by Dan Bennett Real Estate $399,900
Listed by Dan Bennett Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 894
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,080
  • Total Building Area: 1,638
  • Gross Building Area: 3,213
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BURIEY FARM
  • Land Acres: 0000000231
  • 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:044 L:138 P:
  • Lot: 138
  • Municipality: DANVERS
  • Latitude: 42.5692
  • Longitude: -70.9266

    Address

  • Full Address: 7 Burley Farm Rd
  • Address - House Number: 7
  • Address - Street Name: Burley Farm
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C002
  • 4-Digit Zip Code: 2544
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $753,700

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 752,822
  • High Value: 869,439
  • Low Value: 636,205

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $678,400
  • Assessed Land Value: $342,300
  • Assessed Improvements Value: $336,100

    Sales

  • Current Sale Recording Date: May 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50200242
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

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71633993

Frequently Asked Questions

When was property at 7 Burley Farm Road built and last sold?
The property at 7 Burley Farm Road was built in 1960 and last sold on Jan 1, 1970 for $399,900.
How much is this home worth?
The estimated value of the home located at 7 Burley Farm Road is $417,233.
What are some comparable homes to 7 Burley Farm Road?
There are currently no comparable homes to 7 Burley Farm Road.
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