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Danvers 01923
8 Rowell Rd
$742,000
● House - Off Market

8 Rowell Rd

Danvers, MA 01923
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,812 Ft²
$711,787
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

First Showings at this Saturday and Sunday's Open houses from 11am-1pm.  This is the home you've been waiting to upgrade to!  Expansive Ranch with 12 rooms located on a beautiful tree lined street & neighborhood. Great condition top to bottom with new furnace, water heater, redone hardwood floors, new lighting, hardware and freshly painted throughout. Nothing to do, but move right in! The downstairs gives the home plenty of extra space with a kitchen, bath and 3-4 rooms, great for multi generational living. The back yard is large and private, with perennial gardens, pool and fruit trees. Large TREX low maintenance patio for entertaining and pool parties! Oversized two car garage attached so no more scrapping the snow off your car this winter. Close to highways and shopping.  Offers due Monday 6pm.
Unit Size
2,812 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$238
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
1957

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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 #73033372)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $423,000
Relisted
Sep 16, 2022 In contract -
In contract
Sep 7, 2022 Listed by Keller Williams Realty Evolution $669,900
Listed by Keller Williams Realty Evolution
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,298
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,999
  • Total Building Area: 2,482
  • Gross Building Area: 4,143
  • Building Area: 2,482
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,482
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MDW ESTATES SEC 01
  • Land Acres: 0000000413
  • 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: 211401

Zoning

  • Zoning: R3

Geography

  • Parcel: DANV M:039 L:058 P:
  • Lot: 58
  • Municipality: DANVERS
  • Latitude: 42.5669
  • Longitude: -70.9808

    Address

  • Full Address: 8 Rowell Rd
  • Address - House Number: 8
  • Address - Street Name: Rowell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Danvers
  • Carrier Code: C013
  • 4-Digit Zip Code: 1328
  • Zip Code: 01923

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $794,400

    Appraisal Valuation

  • Standard Deviation: 0.1741
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 784,602
  • High Value: 909,243
  • Low Value: 659,960

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $715,000
  • Assessed Land Value: $376,200
  • Assessed Improvements Value: $338,800

    Sales

  • Current Sale Contract Date: Oct 06, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20221013000560
  • Previous Sale Recording Date: Jul 01, 2011
  • Previous Sale Amount: $423,000
  • 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

2261 ft²

Average Home Age

82.2 years

Currently For Sale

30 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73033372

Frequently Asked Questions

When was property at 8 Rowell Road built and last sold?
The property at 8 Rowell Road was built in 1957 and last sold on Oct 6, 2022 for $742,000.
How much is this home worth?
The estimated value of the home located at 8 Rowell Road is $703,024.
What are some comparable homes to 8 Rowell Road?
There are currently no comparable homes to 8 Rowell Road.
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