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Danvers 01923
7 Rainbow Ter
$465,500
● House - Off Market

7 Rainbow Ter

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,524 Ft²
$621,704
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Charming 3 bedroom Cape!  Great neighborhood with easy access to the highway, shopping, restaurants and more.  Living room features a beautiful Fireplace and Bay window open to kitchen with breakfast bar.  Heated breezeway mud room and Dining area with skylight and slider out to the large level backyard which was just freshly hydroseeded!   Just down the hall are 2 bedrooms and full bath.  Upstairs features a gorgeous Master bedroom with Beamed Cathedral Ceilings and full Master Bath!  One car garage a plus!  Perfect opportunity to own in Danvers!
Unit Size
1,524 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$276
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1954

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Last updated: 4 months ago (MLSPIN #72349472)

Price History

Date / Event Date Event Price
Nov 25, 2025 Sold
Sold
Oct 14, 2025 In contract -
In contract
Oct 6, 2025 Listed by Lamacchia Realty, Inc. $649,900
Listed by Lamacchia Realty, Inc.
3 bed, 2 bath move-in ready Danversport Cape! First floor layout offers fireplaced living room, open concept renovated kitchen/dining area with breakfast bar, granite counters, ss appliances, hardwood floors and sliders leading to the backyard. Additional den area, 2 bedrooms with HW floors, renovated full bath and a generous mudroom with direct entry from the garage and the driveway door. Upstairs houses the primary suite with cathedral/beam ceilings, large closet area and the 2nd full bathroom. 1 car attached garage, composite deck overlooking the completely fenced in backyard and the basement offers plenty of additional storage. Sellers have invested in the "big" items during ownership including roof - upgraded electric 200 amps - kitchen (2018), heating system & oil tank - composite deck (2020), 1st floor bath (2024) and more! Located on a side street but easy access to commuter routes & area amenities. Seller will review offers after 5pm on Monday 10/13
Jul 31, 2018 Sold
Sold
Jun 20, 2018 Listed by Assurance Real Estate, LLC $419,900
Listed by Assurance Real Estate, LLC
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Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,524
  • Gross Building Area: 3,012
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 211100

Zoning

  • Zoning: R1

Geography

  • Parcel: DANV M:064 L:078 P:
  • Lot: 78
  • Municipality: DANVERS
  • Latitude: 42.5487
  • Longitude: -70.9224

    Address

  • Full Address: 7 Rainbow Ter
  • Address - House Number: 7
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Danvers
  • Carrier Code: C008
  • 4-Digit Zip Code: 3719
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $577,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 642,449
  • High Value: 751,957
  • Low Value: 532,942

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $520,200
  • Assessed Land Value: $333,500
  • Assessed Improvements Value: $186,700

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180731006150
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 35
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Danvers


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera


Frequently Asked Questions

When was property at 7 Rainbow Terrace built and last sold?
The property at 7 Rainbow Terrace was built in 1954 and last sold on Jan 1, 1970 for $465,500.
How much is this home worth?
The estimated value of the home located at 7 Rainbow Terrace is $639,670.
What are some comparable homes to 7 Rainbow Terrace?
There are currently no comparable homes to 7 Rainbow Terrace.