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Danvers 01923
8 Cole Rd
$380,000
● House - Off Market

8 Cole Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,406 Ft²
$738,240
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Newly Renovated 3BR/2BA Pottery Barn Cape with large level fenced yard and 400 sqft patio with fire pit.  New Granite/SS Kitchen and Bathroom.  New flooring and front door.  Freshly painted throughout.  Direct access to the new Danvers Rail Trail.  This is truly a turn key property with nothing to do but move in and enjoy!
Unit Size
1,406 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$270
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1949

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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 #71495316)

Price History

Date / Event Date Event Price
May 29, 2013 Sold
Premium
Sold
Mar 18, 2013 Listed by Century 21 Spindler & O'Neil Associates $379,900
Listed by Century 21 Spindler & O'Neil Associates
Apr 19, 2005 Sold
Premium
Sold
Dec 1, 2004 Listed by Century 21 Spindler & O'Neil Associates $379,900
Listed by Century 21 Spindler & O'Neil Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 19
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,779
  • Total Building Area: 1,404
  • Gross Building Area: 2,394
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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:315 P:
  • Lot: 315
  • Municipality: DANVERS
  • Latitude: 42.5741
  • Longitude: -70.9352

    Address

  • Full Address: 8 Cole Rd
  • Address - House Number: 8
  • Address - Street Name: Cole
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C017
  • 4-Digit Zip Code: 2211
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $648,000

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 666,789
  • High Value: 780,445
  • Low Value: 553,132

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,300
  • Assessed Land Value: $343,500
  • Assessed Improvements Value: $239,800

    Sales

  • Current Sale Recording Date: May 29, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 189
  • Previous Sale Recording Date: Apr 19, 2005
  • Previous Sale Amount: $379,000
  • 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:

$699,000

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71495316

Frequently Asked Questions

When was property at 8 Cole Road built and last sold?
The property at 8 Cole Road was built in 1949 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 8 Cole Road is $393,563.
What are some comparable homes to 8 Cole Road?
There are currently no comparable homes to 8 Cole Road.
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