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Danvers 01923
7 Laurine Road
$500,000
● House - Off Market

7 Laurine Road

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,330 Ft²
$736,110
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Wonderfully maintained 3 bedroom ranch in Danvers.  This home has been renovated over the years.  It offers a spacious cathedral ceiling family room with both a gas fireplace and gas stove.  2 generously sized bedrooms with full bath on first level and bedroom and bath on lower level with recreation room with bar.  Large living room and dining room with hardwood floors.  Newer roof, heating system, kitchen appliances, windows and central air. Third bedroom in lower level but could easily be added to first level to make a 4 bedroom home.  Fabulous, low maintenance in ground pool with beautiful mature plantings and shed for great summer time activities. Close to the highway for commuters.
Unit Size
2,330 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$219
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1955

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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 #72420524)

Price History

Date / Event Date Event Price
Apr 26, 2019 Sold
Premium
Sold
Nov 6, 2018 Listed by J. Barrett & Company $510,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,660
  • Total Building Area: 2,330
  • Gross Building Area: 2,544
  • Building Area: 2,330
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,330
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERRY HILL ACRES
  • Land Acres: 0000000199
  • 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:037 L:030 P:
  • Lot: 30
  • Municipality: DANVERS
  • Latitude: 42.5714
  • Longitude: -70.9097

    Address

  • Full Address: 7 Laurine Rd
  • Address - House Number: 7
  • Address - Street Name: Laurine
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C023
  • 4-Digit Zip Code: 2532
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $640,300

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 719,873
  • High Value: 842,578
  • Low Value: 597,169

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $576,300
  • Assessed Land Value: $302,600
  • Assessed Improvements Value: $273,700

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: Apr 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190426003110
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72420524

Frequently Asked Questions

When was property at 7 Laurine Road built and last sold?
The property at 7 Laurine Road was built in 1955 and last sold on Apr 25, 2019 for $500,000.
How much is this home worth?
The estimated value of the home located at 7 Laurine Road is $536,626.
What are some comparable homes to 7 Laurine Road?
There are currently no comparable homes to 7 Laurine Road.
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