Active
16 Days on market
7 Puritan Rd Danvers — Photo 1 of 32

7 Puritan Rd Danvers — Photo 1 of 32

$680,000

Investment Analysis — 7 Puritan Rd

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01923 carries an estimated $3,230/mo in gross rent — about a 3.50% cap rate and $23,786/yr in estimated NOI at the $680,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,108

Style

Single Family

Built

1957

Welcome to 7 Puritan Rd, a well-maintained 3-bedroom ranch offering comfortable single-level living in a convenient Danvers location. The home features bright living spaces, a functional floor plan, a full bath, and an attached one-car garage. A fully fenced backyard offers space for entertaining, gardening, play, or relaxing outdoors. Recent updates include a new roof in 2025 and mini-splits installed in 2022. The full unfinished basement provides additional storage and future expansion potential. Conveniently located near schools, shopping, dining, parks, the rail trail, and major commuter routes. A move-in-ready Danvers home with valuable updates already completed.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 554 sq ft (the lesser of 900 sq ft or half the 1,108 sq ft principal dwelling). Lot size: 4,495 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Property Details

Financials

Original Price$680,000
Annual Taxes$5,672

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringFlooring - Vinyl
BasementUnfinished

Climate & Utilities

HeatingForced Air, Oil
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.1
SqFt Lot4,495
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Other

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenOfficeMaster BedroomBedroom 2
Living Room
Lvl First

Flooring - Wood, Exterior Access, Recessed Lighting

Dining Room
Lvl First

Flooring - Wood, Recessed Lighting

Kitchen
Lvl First

Flooring - Wood, Recessed Lighting, Stainless Steel Appliances, Peninsula

Office
Lvl First

Closet, Flooring - Vinyl, Recessed Lighting, Slider

Master Bedroom
Lvl First

Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead

Bedroom 2
Lvl First
Listing Provided By

Listing Agent: Margi Shah

Listing Office: Redfin Corp.

MLS® Number: 73569255