NOT LISTED FOR SALE

7 Madison Ave Danvers, MA 01923

Estimated Value: $1,260,000 - $1,565,000

4 Beds
3.5 Baths
3,677 Sq Ft
$384/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $1,200,000 $326 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,357/month

5 Days on Market

Highlights

  • Marina
  • Colonial Architecture
  • Deck
  • Open Floorplan
  • Landscaped Professionally
  • Vaulted Ceiling

About This Home

As of November 2021

Located in one of the most coveted neighborhoods in Danvers, this beautiful 4-bedroom home has access to the best parts of town while offering the desirable privacy of a cul-de-sac neighborhood. A newly improved wrap-around porch brings you from the peak of the neighborhood where the house sits to a stunning backyard entertainment area with sprawling gardens. The heart of the home is the exquisite kitchen with granite countertops, stainless-steel appliances & 6-burner professional gas range. The spacious foyer entryway opens to the family room, dining area, living room with a fireplace, & mudroom with extra washer & dryer hookups. The 2nd floor features the Master Suite with a walk-in closet & bathroom with a separate glass shower & large soaking tub, additional 3 bedrooms, & full bath. The finished basement includes a full bath & substantial areas for exercise equipment, arts & crafts, a library, laundry and excess storage. Please see attachment for recent improvements.

Last Agent to Sell the Property

Kendall Sullivan

Engel & Volkers By the Sea License #454008701 Listed on: 08/26/2021

Last Buyer's Agent

Daniel Clucas

Reference Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,382

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 0.53 Acre Lot
  • Cul-De-Sac
  • Landscaped Professionally
  • Sprinkler System
  • Garden
  • Property is zoned R2

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,677 Sq Ft Home
  • Open Floorplan
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Insulated Windows
  • Picture Window
  • Window Screens
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Mud Room
  • Entrance Foyer
  • Living Room with Fireplace
  • Attic Ventilator

Kitchen

  • Breakfast Bar
  • Stove
  • Range
  • Microwave
  • Freezer
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Linen Closet
  • Walk-In Closet
  • Double Vanity
  • Pedestal Sink
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Exterior Basement Entry
  • Laundry in Basement

Home Security

  • Home Security System
  • Storm Doors

Outdoor Features

  • Bulkhead
  • Deck
  • Patio
  • Outdoor Storage
  • Rain Gutters
  • Porch

Schools

  • Smith Elementary School
  • Holten Richmond Middle School
  • Danvers High School

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • 3 Cooling Zones
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Energy-Efficient Thermostat
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number M:027 L:202 P:,1875501

Community Details

Overview

  • No Home Owners Association
  • Near Conservation Area

Amenities

  • Shops

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,382

Year Built

Built in 1997 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1997
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Flooring: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
  • Interior Amenities: Bathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Recessed Lighting, Lighting - Sconce, Closet, Lighting - Pendant, Closet - Double, Bathroom, Mud Room, Foyer, Central Vacuum, Internet Available - Broadband, High Speed Internet
  • Door Features: Insulated Doors, Storm Door(s), French Doors
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer, Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Ceiling Fan(s), Vaulted Ceiling(s), Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
  • Room Bedroom3 Features: Closet, Flooring - Wall to Wall Carpet, Recessed Lighting
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Level: Second
  • Room Bedroom4 Features: Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Main Level Bathrooms: 1
  • Room Master Bedroom Features: Bathroom - Full, Closet - Linen, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Half, Lighting - Sconce, Pedestal Sink
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Second
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Lighting - Sconce
  • Bathroom 3 Features: Bathroom - Full, Bathroom - With Tub & Shower, Skylight, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Sconce
  • Bathroom 3 Level: Second
  • Room Dining Room Features: Flooring - Hardwood, French Doors, Open Floorplan, Lighting - Pendant
  • Room Dining Room Level: Main
  • Room Family Room Level: Main
  • Room Family Room Features: Flooring - Hardwood, French Doors, Open Floorplan, Recessed Lighting
  • Room Kitchen Level: Main
  • Room Kitchen Features: Flooring - Hardwood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
  • Laundry Features: Dryer Hookup - Electric, Washer Hookup, Laundry Closet, Flooring - Wall to Wall Carpet, Recessed Lighting, In Basement
  • Room Living Room Level: Main
  • Room Living Room Features: Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Lighting - Sconce
  • Basement: Finished, Bulkhead
  • Living Area: 3677
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN4733
  • MAIN SO: NB4108

Exterior Features

  • Exterior Features: Rain Gutters, Storage, Professional Landscaping, Sprinkler System, Garden
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck - Exterior, Porch, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Attached, Garage Door Opener, Workshop in Garage, Paved Drive, Off Street, Driveway, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Cooling: Central Air, Dual
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Security Features: Security System
  • Water Source: Public
  • HEAT ZONES: 3
  • COOLING ZONES: 3

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Marina, Private School, Public School

Lot Info

  • Parcel Number: M:027 L:202 P:,1875501
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.53
  • Lot Size Sq Ft: 23086.8
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 22956

Green Features

  • Green Energy Efficient: Attic Vent Elec., Thermostat

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10382

Multi Family

  • Basement Included Sq Ft: Yes

MLS Schools

  • High School: Danvers High
  • Elementary School: Smith
  • Middle Or Junior School: Holten Richmond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 1999
Sold by
Verfaillie Erika and Verfaillie Greg
Bought by
Sullivan Mark V and Sullivan Patrice L
Current Estimated Value
$1,412,324

Purchase Details

Closed on
Nov 21, 1996
Sold by
Tcc Real Est Dev Corp
Bought by
Verfaillie Erika and Verfaillie Greg
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sullivan Mark V $432,000 --
Verfaillie Erika $395,986 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verfaillie Erika $200,000
Closed Verfaillie Erika $150,000
Closed Verfaillie Erika $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Sold $1,200,000 +9.1% $326 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $1,100,000 -- $299 / 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 $12,535 $1,140,600 $419,800 $720,800
2024 $12,357 $1,112,200 $419,800 $692,400
2023 $11,875 $1,010,600 $390,000 $620,600
2022 $10,979 $867,200 $338,700 $528,500
2021 $10,382 $777,700 $311,700 $466,000
2020 $10,266 $786,100 $291,500 $494,600
2019 $10,256 $772,300 $291,500 $480,800
2018 $9,957 $735,400 $288,800 $446,600
2017 $9,592 $676,000 $257,700 $418,300
2016 $9,449 $665,400 $257,700 $407,700
2015 $9,317 $624,900 $237,400 $387,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72887084

MLS Property Information Network (MLS PIN)

APN: DANV-000027-000000-000202