NOT LISTED FOR SALE

7 Riverbank Ave Danvers, MA 01923

Estimated Value: $1,053,000 - $1,113,000

3 Beds
2 Baths
1,437 Sq Ft
0.28 Acres

Last Sold May 22, 2015

Last sale price $375,000 $261 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $6,420/month

164 Days on Market

About This Home

As of May 2015

Exquisitely renovated in 2015, this three-level waterfront home offers the perfect balance of luxury, convenience, and peace of mind; no flood insurance required. Walls of windows capture sweeping water views on every floor. The main level boasts a stunning open layout with a designer chef’s kitchen featuring dual islands, a fireplace seamlessly flowing into the dining and living areas, a spacious bedroom, full bath, and direct access to an expansive deck overlooking the water. The top level is devoted to an over 700 sq ft primary suite with spa-inspired bath, double vanities, soaking tub, and separate shower, complemented by a junior ensuite, laundry, and generous storage. The lower level offers a large family room, fourth full bath, and flexible space ideal for a home theater, gym, or guest retreat. Additional highlights include LED lighting, plenty of storage throughout and an oversized garage. Outdoors, private yard with koi pond, jacuzzi, perennial gardens. Welcome home!

Last Agent to Sell the Property

Bob Stallard

RE/MAX Advantage Real Estate License #454000812 Listed on: 12/09/2014

RE/MAX Advantage Real Estate

Last Buyer's Agent

Tish Lentine

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,989

Year Built

2004

Lot Details

0

Listing Details

  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Has Basement: No
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 6
  • Amenities: Shopping, Tennis Court, Park
  • Electric: 220 Volts, Circuit Breakers, 100 Amps
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Tile, Hardwood
  • Insulation: Full, Fiberglass, Fiberglass - Batts
  • Interior Amenities: Cable Available
  • Bedroom 2: Second Floor, 13X13
  • Bedroom 3: Second Floor, 15X15
  • Bathroom #1: First Floor, 7X7
  • Bathroom #2: Second Floor, 7X7
  • Kitchen: First Floor, 11X12
  • Laundry Room: First Floor, 4X5
  • Living Room: 12X18
  • Master Bedroom: First Floor, 12X15
  • Master Bedroom Description: Ceiling Fan(s), Closet - Walk-in, Flooring - Hardwood, Recessed Lighting
  • Dining Room: First Floor, 8X12

Exterior Features

  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Shingles
  • Exterior Unit Features: Porch, Deck - Vinyl, Screens, Gutters

Garage/Parking

  • Garage Parking: Under, Garage Door Opener, Storage, Work Area, Deeded
  • Garage Spaces: 1
  • Parking: Off-Street, Deeded, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Heat Zones: 2
  • Hot Water: Propane Gas
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection

Condo/Co-op/Association

  • Condominium Name: Riverbank Danvers
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping
  • Association Pool: Unknown
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 2
  • Unit Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2023
Sold by
Monastiero Gary J
Bought by
Monastiero Ft and Livingston
Current Estimated Value
$1,081,317

Purchase Details

Closed on
Dec 18, 2019
Sold by
Gruber Ft
Bought by
Monastiero Gary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2017
Sold by
Gruber Sherry E and Gruber Stephen S
Bought by
Gruber Ft and Gruber
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Monastiero Ft -- None Available
Monastiero Gary J $665,000 None Available
Gruber Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monastiero Gary J $498,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Price Changed $1,095,000 -2.1% $294 / Sq Ft
09/24/2025 09/24/25 For Sale $1,119,000 +198.4% $301 / Sq Ft
05/22/2015 05/22/15 Sold $375,000 0.0% $261 / Sq Ft
04/03/2015 04/03/15 Off Market $375,000 -- --
12/09/2014 12/09/14 For Sale $389,000 -- $271 / 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 $8,989 $817,900 $0 $817,900
2024 $8,519 $766,800 $0 $766,800
2023 $8,184 $696,500 $0 $696,500
2022 $8,123 $641,600 $0 $641,600
2021 $7,971 $597,100 $0 $597,100
2020 $6,612 $506,300 $0 $506,300
2019 $4,321 $487,000 $0 $487,000
2018 $6,111 $451,300 $0 $451,300
2017 $6,174 $435,100 $0 $435,100
2016 $6,178 $435,100 $0 $435,100
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2025

    Vincent Rizzo

    Douglas Elliman Real Estate - The Sarkis Team

  • George Sarkis

    Seller Co-Listing Agent in 2025

    George Sarkis

    Douglas Elliman Real Estate - The Sarkis Team

    (781) 603-8702

    650 Total Sales

    George Sarkis
    Section Image

  • B

    Seller's Agent in 2015

    Bob Stallard

    RE/MAX

    Section Image
  • Tish Lentine

    Buyer's Agent in 2015

    Tish Lentine

    Keller Williams Realty Evolution

    (978) 882-4644

    8 in this area

    17 Total Sales

    Tish Lentine
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71775564

MLS Property Information Network (MLS PIN)

APN: DANV-000052-000000-000123-000001-000001

Massachusetts Essex County Danvers 01923

7 Riverbank Ave, Danvers, MA

Not Listed for Sale

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