Owner
$806,516
49 LEDGEWOOD DR, DANVERS, MA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
2,093
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Underground/Basement
1 Story
Unfinished Basement
Electric
Frame
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1976
Building Size
2,093 sq ft
Lot Size
21,127 sq ft
Lot Size (Acres)
0.49 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
DANV M:026 L:131 P:
County
Essex County, MA
Metro Area
Boston-Cambridge-Newton, MA-NH
Zoning
R2
Neighborhood/Subdivision
PINEWOOD FOREST
Lot Number
131
School District
Danvers School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$0
Building Value
$0
Land Value
$0
Annual Property Tax
—
Tax Assessment Year
2024
Assessed Value
$651,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
6/21/2019
Recording Date
6/28/2019
Sales Document #
2019.40
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$31,208
Return on Investment
15.60%
After Repair Value
$887,168
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$725,864
Renovation Cost
$40,326
Closing Costs (buying)
$14,517
Holding Costs
$22,022
Selling Costs
$53,230
Total Investment
$200,016
After Repair Value (ARV)
$887,168
Total Costs
$855,960
Estimated Profit
$31,208
Cash Invested
$185,499
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area