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Danvers 01923
7 Oakland Road
$826,500
● House - Off Market

7 Oakland Road

Danvers, MA 01923
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,459 Ft²
$1,140,131
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

So... Much... WOW!  This home lacks nothing.  Tucked away on a dead-end street, in the Thorpe School district.  This 5-bedroom, 3-bath Colonial welcomes you with the quintessential farmer's porch, open concept living, newer kitchen appliances, hardwood flooring completely throughout, over-sized and heated garage with bonus playroom above, master bedroom with en-suite bath and jacuzzi tub, great sized kids' bedrooms, amazing 3-season sunroom (deemed the sellers favorite room in the house), dream patio and backyard space with built-in grill / cook space, firepit with custom stone seating, sprinkler system irrigation by private well, water drip lines for hanging plants/garden beds, so much storage... the list goes on!  A truly remarkable home.
Unit Size
3,459 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$231
Property Type
House
Property Taxes
$713
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: 5 months ago (MLSPIN #72490929)

Price History

Date / Event Date Event Price
Jun 17, 2019 Sold
Premium
Sold
Apr 30, 2019 Listed by J. Barrett & Company $799,000
Listed by J. Barrett & Company
Jun 21, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,506
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Total Building Area: 3,713
  • Gross Building Area: 6,327
  • Building Area: 3,713
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,713
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROOKVALE DANVERS
  • Land Acres: 0000000420
  • 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:035 L:208 P:
  • Lot: 208
  • Municipality: DANVERS
  • Latitude: 42.5727
  • Longitude: -70.932

    Address

  • Full Address: 7 Oakland Rd
  • Address - House Number: 7
  • Address - Street Name: Oakland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C014
  • 4-Digit Zip Code: 2423
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,234,500

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,159,432
  • High Value: 1,356,931
  • Low Value: 961,934

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,111,200
  • Assessed Land Value: $358,600
  • Assessed Improvements Value: $752,600

    Sales

  • Current Sale Contract Date: Jun 04, 2019
  • Current Sale Recording Date: Jun 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190617003170
  • Previous Sale Recording Date: Jun 21, 2013
  • Previous Sale Amount: $592,000
  • Previous Sale Document Type: O
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:

$715,000

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2037 ft²

Average Home Age

88.6 years

Currently For Sale

36 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 months ago
Data Source: MLS PIN, MLS# 72490929

Frequently Asked Questions

When was property at 7 Oakland Road built and last sold?
The property at 7 Oakland Road was built in 1989 and last sold on Jun 4, 2019 for $826,500.
How much is this home worth?
The estimated value of the home located at 7 Oakland Road is $809,882.
What are some comparable homes to 7 Oakland Road?
There are currently no comparable homes to 7 Oakland Road.
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