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Danvers 01923
7 Chevalier Avenue
$765,000
● House - Off Market

7 Chevalier Avenue

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,710 Ft²
$1,531,919
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

*** WATERFRONT CHANCE OF A LIFETIME*** Contractor's own home allows for you to live directly on the Porter River in Danvers with a 60 foot long dock (3 floats) and small beach.  Take your boat to Cape Cod or Bermuda from your backyard!  This home has a large (29,278 sq ft) lot with privacy all around. Features include a large family room and expansive kitchen that overlook the river.  Entertain in your private living room or sit on the deck and watch the boats sail by.  There are 3 bedrooms, 2 baths, laundry room, custom oak doors and a 2 car garage!
Unit Size
2,710 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$295
Property Type
House
Property Taxes
$653
HOA Dues
-
Year Built
1985

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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 #71598688)

Price History

Date / Event Date Event Price
Nov 19, 2020 Sold
Premium
Sold
Sep 30, 2020 Listed by Coldwell Banker Residential Brokerage - Manchester $924,900
Listed by Coldwell Banker Residential Brokerage - Manchester
Jan 29, 2014 Sold
Premium
Sold
Oct 18, 2013 Listed by Coldwell Banker Residential Brokerage - Manchester $799,000
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 1,774
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,777
  • Total Building Area: 3,622
  • Gross Building Area: 6,578
  • Building Area: 3,622
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,622
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000729
  • 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:060 L:010 P:
  • Lot: 10
  • Municipality: DANVERS
  • Latitude: 42.5524
  • Longitude: -70.9152

    Address

  • Full Address: 7 Chevalier Ave
  • Address - House Number: 7
  • Address - Street Name: Chevalier
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Danvers
  • Carrier Code: C010
  • 4-Digit Zip Code: 3903
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,264,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,152,361
  • High Value: 1,348,656
  • Low Value: 956,067

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,137,900
  • Assessed Land Value: $582,900
  • Assessed Improvements Value: $555,000

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201119003310
  • Previous Sale Recording Date: Jan 29, 2014
  • Previous Sale Amount: $765,000
  • Previous Sale Document Type: O

    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:

$699,450

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2228 ft²

Average Home Age

83.3 years

Currently For Sale

33 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# 71598688

Frequently Asked Questions

When was property at 7 Chevalier Avenue built and last sold?
The property at 7 Chevalier Avenue was built in 1985 and last sold on Nov 12, 2020 for $1,025,000.
How much is this home worth?
The estimated value of the home located at 7 Chevalier Avenue is $943,825.
What are some comparable homes to 7 Chevalier Avenue?
There are currently no comparable homes to 7 Chevalier Avenue.
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