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

Fabulous 3 bedroom waterfront Condo, has just been finished and is in mint condition. The architectural designed Colonial is just 2 units. There are no common areas, plus each unit has its own exclusive use waterfront yards and sited in single family area on a private cul de sac close to Plains Park with tennis courts. The first floor has: a kitchen with its 10' high ceiling features new stainless steel appliances and granite counters; a living room with a gas fireplace and offers lovely view of the tidal Parker River; a spacious master suite with walk-in closet and bath; and a mudroom with laundry area leading to new deck. On the 2nd floor there are two large bedrooms, a bathroom and access to attic storage. Extras: oversized windows, hardwood floors, 25x11 garage plus 2 additional parking spaces, 96% efficiency gas boiler, water access for kayaks and views of various sea birds including Great Blue Herons + Egrets. Seller has confirmed that flood insurance is not needed. Come and see!

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
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

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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