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Danvers 01923
7 Cedar Hill Drive
$749,900
● House - Off Market

7 Cedar Hill Drive

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,352 Ft²
$4,349
Est. Monthly

About This Property

Nicely maintained Ranch in desirable location in Danvers with so much to offer!  The main level offers a fireplace living room, formal dining room, updated eat-in kitchen, family room/sunroom with cathedral ceiling and skylights, 3 bedrooms and 2 baths. The lower level is perfect for extended family living with family room that leads to yard and patio, kitchenette, bedroom and full bath. Large garage with work area, irrigation system, central air, pull down attic for storage.  All located on a cul-de-sac of lovely homes!
Unit Size
2,352 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$319
Property Type
House
Property Taxes
$666
HOA Dues
-
Year Built
1983

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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 #73194829)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold
Premium
Sold
Jan 26, 2024 In contract -
In contract
Jan 18, 2024 Listed by Coldwell Banker Realty - Beverly $749,900
Listed by Coldwell Banker Realty - Beverly
Oct 5, 2015 Sold
Premium
Sold
Jun 4, 2015 Listed by Coldwell Banker Realty - Beverly $515,000
Listed by Coldwell Banker Realty - Beverly
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,350
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,509
  • Total Building Area: 2,352
  • Gross Building Area: 3,591
  • Building Area: 2,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,352
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE PLAN CEDAR HILL
  • Land Acres: 0000000700
  • 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:157 P:
  • Lot: 157
  • Municipality: DANVERS
  • Latitude: 42.5877
  • Longitude: -70.9306

    Address

  • Full Address: 7 Cedar Hill Dr
  • Address - House Number: 7
  • Address - Street Name: Cedar Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1723
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $807,900

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 765,858
  • High Value: 826,964
  • Low Value: 704,752

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $727,200
  • Assessed Land Value: $442,700
  • Assessed Improvements Value: $284,500

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 06, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240306001030
  • Previous Sale Recording Date: Oct 05, 2015
  • Previous Sale Amount: $502,565
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73194829

Frequently Asked Questions

When was property at 7 Cedar Hill Drive built and last sold?
The property at 7 Cedar Hill Drive was built in 1983 and last sold on Mar 6, 2024 for $749,900.
How much is this home worth?
The estimated value of the home located at 7 Cedar Hill Drive is $755,115.
What are some comparable homes to 7 Cedar Hill Drive?
There are currently no comparable homes to 7 Cedar Hill Drive.
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