71 Abington Road #71
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2021 | Sold | ||
| Sold | |||
| Jul 26, 2021 | Listed by Coldwell Banker Realty - Beverly | $399,900 | |
| Listed by Coldwell Banker Realty - Beverly | |||
| | |||
|
This desirable "Chatham" unit is ideally tucked into building 7 of the River Run complex, away from busy roads yet close (but not too close) to the clubhouse & pool! The complex is well maintained w/cement dividing walls helping w/sound reduction & has been recently roofed (2020) & painted (2019). Unit 71 is very well maintained w/newer heat pump (2016), w/hard wood floors on main level, & new carpeting on 1st & 3rd fl levels. Enjoy ample outdoor space w/upper deck & lower covered deck. What's to love about Danvers? The parks program, after school program at the elementary level, Endicott Park, ice skating at The Meadows, Memorial Day Parade, Library, Danvers Recreation is super robust & the annual Danvers Family Festival is loaded w/events June into July. The HS band is renowned for its music program & the YMCA is very community based. River Run is convenient to major commuter routes, shopping, restaurants & a short distance to the Rail Trail for miles of hiking, biking & dog walking!
| |||
| Jun 14, 2016 | Sold | ||
| Sold | |||
| Mar 24, 2016 | Listed by Windhill Realty, LLC | $348,800 | |
| Listed by Windhill Realty, LLC | |||
| Sep 13, 1996 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/26/2021
|
3 Bed
|
3 Bath
|
2132 ft²
|
$399,900
3 Bed
3 Bath
2132 ft²
|
$438,000
+9.53%
09/10/2021
|
Kerri Joly
Coldwell Banker Realty - Beverly
| |
|
03/24/2016
|
2 Bed
|
3 Bath
|
2132 ft²
|
$348,800
2 Bed
3 Bath
2132 ft²
|
$348,500
-0.09%
06/14/2016
|
Sarah Winderlin
Windhill Realty, LLC
| |
|
12/23/2003
|
2 Bed
|
3 Bath
|
2080 ft²
|
$349,900
2 Bed
3 Bath
2080 ft²
|
$348,000
-0.54%
03/12/2004
|
Karen Lee
Keller Williams Realty Success
| |
|
03/27/1996
|
2 Bed
|
3 Bath
|
2020 ft²
|
$186,500
2 Bed
3 Bath
2020 ft²
|
$179,000
-4.02%
09/13/1996
|
Donald Lavender
Carlson GMAC Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017