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Danvers 01923
7 Highland Terrace
$820,000
● House - Off Market

7 Highland Terrace

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,000 Ft²
$858,148
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Beautiful setting for this well-built 1967 Custom Built Colonial that is situated on a large lot and dead-end street. This 4 bedroom 2 1/2 bath 3000 sq ft home has plenty of closets and storage space. The welcoming family room has a wood-burning fireplace and hardwood floors. The Guest bedroom has a fireplace and hardwood floors. In the added circular driveway you will find a 3rd garage offering plenty of parking and additional storage space. This property is waiting for the next loving family that will give it some TLC. Property is being Sold as Is.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$250
Property Type
House
Property Taxes
$642
HOA Dues
-
Year Built
1968

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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: 5 years ago (MLSPIN #72832915)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by RE/MAX 360 $749,000
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,302
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,487
  • Total Building Area: 3,779
  • Gross Building Area: 5,492
  • Building Area: 3,779
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,779
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000906
  • 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: 211402

Zoning

  • Zoning: R2

Geography

  • Parcel: DANV M:040 L:053 P:
  • Lot: 53
  • Municipality: DANVERS
  • Latitude: 42.5696
  • Longitude: -70.9676

    Address

  • Full Address: 7 Highland Ter
  • Address - House Number: 7
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C003
  • 4-Digit Zip Code: 1403
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,141,900

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 923,396
  • High Value: 1,066,307
  • Low Value: 780,484

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,027,800
  • Assessed Land Value: $393,300
  • Assessed Improvements Value: $634,500

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210723004450
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

2259 ft²

Average Home Age

86.7 years

Currently For Sale

38 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: 5 years ago
Data Source: MLS PIN, MLS# 72832915

Frequently Asked Questions

When was property at 7 Highland Terrace built and last sold?
The property at 7 Highland Terrace was built in 1968 and last sold on Jul 23, 2021 for $820,000.
How much is this home worth?
The estimated value of the home located at 7 Highland Terrace is $0.
What are some comparable homes to 7 Highland Terrace?
There are currently no comparable homes to 7 Highland Terrace.
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