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Danvers 01923
7 Colby Rd
$515,000
● House - Off Market

7 Colby Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$518,533
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Bring your updating ideas to this 3 bedroom ranch in the very desirable Woodvale neighborhood of Danvers.  The home has a newer roof, windows, siding and boiler.  It sits on over half an acre and has a large and level backyard for the family to enjoy.  Colby is a cul de sac on this end so no thru traffic and very quiet,  This home is perfect for first time buyers or those who want to expand up and out.  Or those who want to downsize and can renovate a single level home in a beautiful neighborhood.  Drive around the neighborhood to what others have done.  Open house cancelled.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$495
Property Type
House
Property Taxes
$515
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 #72938823)

Price History

Date / Event Date Event Price
Mar 4, 2022 Sold
Premium
Sold
Feb 2, 2022 Listed by Coldwell Banker Realty - Gloucester $499,000
Listed by Coldwell Banker Realty - Gloucester

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 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: 26,040
  • Total Building Area: 1,078
  • Gross Building Area: 1,404
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000598
  • 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:017 P:
  • Lot: 17
  • Municipality: DANVERS
  • Latitude: 42.5871
  • Longitude: -70.9293

    Address

  • Full Address: 7 Colby Rd
  • Address - House Number: 7
  • Address - Street Name: Colby
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 1709
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $655,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 573,170
  • High Value: 706,256
  • Low Value: 440,083

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,600
  • Assessed Land Value: $410,600
  • Assessed Improvements Value: $179,000

    Sales

  • Current Sale Contract Date: Mar 04, 2022
  • Current Sale Recording Date: Mar 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220304001390
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72938823

Frequently Asked Questions

When was property at 7 Colby Road built and last sold?
The property at 7 Colby Road was built in 1960 and last sold on Mar 4, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 7 Colby Road is $501,145.
What are some comparable homes to 7 Colby Road?
There are currently no comparable homes to 7 Colby Road.
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