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Danvers 01923
7 Colgate St
Photo of 7 Colgate St
Sold on May 26, 2011

1

Map

$260,000
● House - Off Market

7 Colgate St

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,863 Ft²
$619,739
RealtyHop Estimate
107.27%
Since Jun 1, 2011
MA-Boston
Primary Model

About This Property

This house needs a LOT of updating & repairs but offers much in return!  Sweat = Equity!  Bring Offers! Nearly 2,000 sq ft of living space! Fabulous great room w/woodstove, cathedral ceiling & slider to deck. Master w/full bath, 2 closets & slider to deck. Bright kitchen w/skylight & dining nook, living room w/floor-to-ceiling window for natural light, dining room w/hardwood floor. 2 additional bedrooms, full bath & laundry room. Garage & flat yard. WILL NOT pass FHA or VA financing. As is sale.
Unit Size
1,863 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$160
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #71133241)

Price History

Date / Event Date Event Price
May 25, 2011 Sold
Premium
Sold
Sep 8, 2010 Listed by Coldwell Banker Residential Brokerage - Andover $299,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 18,748
  • Total Building Area: 1,863
  • Gross Building Area: 2,393
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODVALE DANVERS
  • Land Acres: 0000000430
  • 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:027 L:080 P:
  • Lot: 80
  • Municipality: DANVERS
  • Latitude: 42.5777
  • Longitude: -70.9313

    Address

  • Full Address: 7 Colgate St
  • Address - House Number: 7
  • Address - Street Name: Colgate
  • Address - Suffix Type: St
  • State: MA
  • City Name: Danvers
  • Carrier Code: C002
  • 4-Digit Zip Code: 2305
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $698,400

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 731,242
  • High Value: 854,948
  • Low Value: 607,536

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $628,600
  • Assessed Land Value: $379,400
  • Assessed Improvements Value: $249,200

    Sales

  • Current Sale Recording Date: May 25, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71133241

Frequently Asked Questions

When was property at 7 Colgate Street built and last sold?
The property at 7 Colgate Street was built in 1960 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 7 Colgate Street is $0.
What are some comparable homes to 7 Colgate Street?
There are currently no comparable homes to 7 Colgate Street.
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