NOT LISTED FOR SALE

4 Chestnut St Danvers, MA 01923

Estimated Value: $818,000 - $928,000

4 Beds
2 Baths
2,801 Sq Ft
$307/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $381,500 $136 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $5,392/month

72 Days on Market

About This Home

As of February 2016

Owned by the same family for over 50 years, this charming two family, on a large, level, lot with plenty of parking, situated a lovely tree-lined street is a good investment property, perfect for the owner occupant, or a great opportunity for the first time buyer who recognizes the value of a two family home. The owner's 3+ bedroom townhouse style unit is spacious with formal LR and DR, generous family room, breakfast area off the large kitchen, gleaming hardwood floors, laundry room and good storage. The adorable one bedroom apartment on second floor, currently rented below market value, will help defray expenses. Or, with a little imagination and some construction, a larger second floor apartment and a one level first floor unit could work well. Utilities: separate heat, hot water and electric. Walk up attic. The location lends itself to a walk downtown and easy access to shopping, major routes and schools. Some cosmetics and a little updating will make this 2 family sparkle.

Last Agent to Sell the Property

Elizabeth Schultz

Century 21 North East Listed on: 09/21/2015

Century 21 North East

Last Buyer's Agent

Tamara Schofield

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,421

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Electric: Circuit Breakers, 100 Amps, Individually Metered, Varies per Unit
  • Energy: Insulated Windows, Storm Doors
  • Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet, Hardwood
  • Basement: Partial, Crawl, Interior Access, Dirt Floor, Unfinished Basement

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Frontage: 76.00
  • Construction: Frame
  • Exterior: Clapboard, Wood
  • Exterior Features: Deck - Wood, Handicap Access, Gutters, Storage Shed
  • Foundation: Fieldstone, Brick, Irregular

Garage/Parking

  • Parking: Off-Street, Common, Improved Driveway, Paved Driveway
  • Parking Spaces: 5

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Dryer, Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Middle School: Holten-Richmond
  • High School: Dhs

Lot Info

  • Assessor Parcel Number: M:035 L:300 P:
  • Zoning: R2

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 11
  • Total Rent_1: 550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2017
Sold by
Karvelas Ilias P and Karvelas Stavroula
Bought by
Karvelas Rt
Current Estimated Value
$860,762

Purchase Details

Listed on
Sep 21, 2015
Closed on
Feb 1, 2016
Sold by
Belleau Dorothy A
Bought by
Karvelas Ilias and Karvelas Stavroula
Seller's Agent
Elizabeth Schultz
Century 21 North East
Buyer's Agent
Tamara Schofield
Realty ONE Group Nest
List Price
$430,000
Sold Price
$381,500
Premium/Discount to List
-$48,500
-11.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$304,500
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 1995
Sold by
Anderson Blake E and Anderson Nina S
Bought by
Martin John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.32%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Karvelas Rt -- --
Karvelas Ilias $381,500 --
Martin John E $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karvelas Rt $328,000
Closed Karvelas Rt $45,000
Previous Owner Karvelas Ilias $304,500
Previous Owner Martin John E $45,000
Previous Owner Martin John E $158,743
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2016 02/01/16 Sold $381,500 -8.1% $136 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
11/09/2015 11/09/15 Price Changed $415,000 -3.5% $148 / Sq Ft
09/21/2015 09/21/15 For Sale $430,000 -- $154 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,421 $766,200 $374,100 $392,100
2024 $8,056 $725,100 $361,200 $363,900
2023 $7,863 $669,200 $326,400 $342,800
2022 $7,406 $585,000 $296,700 $288,300
2021 $7,256 $543,500 $282,500 $261,000
2020 $7,318 $560,300 $282,500 $277,800
2019 $5,930 $446,500 $245,100 $201,400
2018 $5,838 $431,200 $245,100 $186,100
2017 $5,470 $385,500 $223,200 $162,300
2016 $5,328 $375,200 $212,900 $162,300
2015 $5,210 $349,400 $187,100 $162,300
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Schultz

    Seller's Agent in 2016

    Elizabeth Schultz

    Century 21 North East

    (978) 815-0888

    1 in this area

    20 Total Sales

    Elizabeth Schultz
    Section Image
  • Tamara Schofield

    Buyer's Agent in 2016

    Tamara Schofield

    Realty ONE Group Nest

    (617) 816-4773

    1 in this area

    54 Total Sales

    Tamara Schofield
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71907524

MLS Property Information Network (MLS PIN)

APN: DANV-000035-000000-000300

Massachusetts Essex County Danvers 01923

4 Chestnut St, Danvers, MA

This home is located at 4 Chestnut St, Danvers, MA 01923 since 21 September 2015 and is currently estimated at $860,762, approximately $307 per square foot. This property was built in 1900. 4 Chestnut St is a home located in Essex County with nearby schools including Danvers High School, St. Mary of the Annunciation School, and St. John's Prep.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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