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Danvers 01923
7 Lester Rd
$589,000
● House - Off Market

7 Lester Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,408 Ft²
$928,566
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Unique contemporary style Cape beautifully situated on a cul-de-sac in the Woodvale area.  This immaculately maintained home offers a flexible floor plan with an updated cherry/granite/stainless kitchen with center island, dining room, living/family room, 3 bedrooms, 2.5 baths, central air, central vac, security system, finished basement, hardwood throughout, attached 2 car garage, an abundance of closet space, and a large private master suite with granite tiled soaking tub.  Walk out the back door to your large private oasis with hot tub and separately fenced, heated in-ground pool.  Thorpe School District!  OPEN HOUSE WEDNESDAY 10/12/2016, 4-7 P.M.
Unit Size
2,408 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$235
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1989

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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 #72079237)

Price History

Date / Event Date Event Price
Dec 12, 2016 Sold
Premium
Sold
Oct 10, 2016 Listed by Del Realty, Inc. $565,000
Listed by Del Realty, Inc.
Nov 25, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,256
  • Total Building Area: 2,408
  • Gross Building Area: 3,312
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000580
  • 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:016 L:077 P:
  • Lot: 77
  • Municipality: DANVERS
  • Latitude: 42.5916
  • Longitude: -70.9268

    Address

  • Full Address: 7 Lester Rd
  • Address - House Number: 7
  • Address - Street Name: Lester
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C006
  • 4-Digit Zip Code: 1713
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $853,900

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 864,730
  • High Value: 1,011,498
  • Low Value: 717,961

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $768,600
  • Assessed Land Value: $421,500
  • Assessed Improvements Value: $347,100

    Sales

  • Current Sale Recording Date: Dec 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 381
  • Previous Sale Recording Date: Nov 25, 1998
  • Previous Sale Amount: $250,000
  • Previous 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:

$699,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2254 ft²

Average Home Age

88.6 years

Currently For Sale

37 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# 72079237

Frequently Asked Questions

When was property at 7 Lester Road built and last sold?
The property at 7 Lester Road was built in 1989 and last sold on Jan 1, 1970 for $589,000.
How much is this home worth?
The estimated value of the home located at 7 Lester Road is $595,641.
What are some comparable homes to 7 Lester Road?
There are currently no comparable homes to 7 Lester Road.
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