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Danvers 01923
8 Cornell Rd
$470,000
● House - Off Market

8 Cornell Rd

Danvers, MA 01923
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,738 Ft²
$719,944
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

NEW PRICE: Motivated seller has a house under contract.  Great Woodvale location.  Walking distance to schools and located on a cul de sac.  Immaculate split level home featuring 3 bedrooms and 2 full baths. Open concept kitchen including moveable island, living room with oversized bow window abutting dining room.  Hardwood floors throughout bedrooms and living room area. Lower level with family room, full bathroom, laundry and office.  1 car garage.  2 brand new mini-splits for central air/heat.  Large deck overlooking level backyard.  Close to highways and shopping. Roof is 2 years old, windows are newer, Oil tank is new and water tank is new.  Nothing to do but move-in to this well kept home.
Unit Size
1,738 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$276
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1967

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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 #72408753)

Price History

Date / Event Date Event Price
Jan 3, 2019 Sold
Premium
Sold
Oct 10, 2018 Listed by Consoli Realty Group $480,000
Listed by Consoli Realty Group
Aug 21, 2015 Sold
Premium
Sold
Jun 23, 2015 Listed by Consoli Realty Group $399,900
Listed by Consoli Realty Group
Jul 24, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 42
  • Exterior Walls Type: 19
  • 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: 968
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,125
  • Total Building Area: 1,738
  • Gross Building Area: 2,158
  • Building Area: 1,738
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,738
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • 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:028 L:116 P:
  • Lot: 116
  • Municipality: DANVERS
  • Latitude: 42.5775
  • Longitude: -70.9244

    Address

  • Full Address: 8 Cornell Rd
  • Address - House Number: 8
  • Address - Street Name: Cornell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C015
  • 4-Digit Zip Code: 2511
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $711,200

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 680,783
  • High Value: 822,210
  • Low Value: 539,356

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $640,100
  • Assessed Land Value: $390,000
  • Assessed Improvements Value: $250,100

    Sales

  • Current Sale Contract Date: Jan 03, 2019
  • Current Sale Recording Date: Jan 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190103001700
  • Previous Sale Recording Date: Aug 21, 2015
  • Previous Sale Amount: $403,000
  • 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:

$699,000

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2264 ft²

Average Home Age

82.3 years

Currently For Sale

31 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# 72408753

Frequently Asked Questions

When was property at 8 Cornell Road built and last sold?
The property at 8 Cornell Road was built in 1967 and last sold on Jan 3, 2019 for $470,000.
How much is this home worth?
The estimated value of the home located at 8 Cornell Road is $493,044.
What are some comparable homes to 8 Cornell Road?
There are currently no comparable homes to 8 Cornell Road.
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