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38 Reservoir Dr, Danvers MA 01923

Danvers, MA 01923 • Putnamville
$1,200,000
Est. $7,249/month
5
Beds
3.5
Baths
4,101
Sq Ft
$293
Price/Sq Ft
0.41
Acres
1986
Year Built
47
Days on Market
Closed Listed May 3, 2025 • MLS# 73369113 Copied!

About this home

Welcome to this charming home, on Putnamville Reservoir. As you approach, you'll be greeted by a beautifully maintained exterior and a welcoming front entrance. Step inside to a spacious and inviting living area, perfect for relaxing with family and friends. Large windows throughout the home allow natural light with views of the reservoir to create a warm and inviting atmosphere. The well-appointed kitchen is a chef's delight, more than ample counter & storage space. The home boasts 4 generous bedrooms. The master suite includes 3/4 bath with plenty of closet space, The bathrooms are tastefully designed for functionality and style. Step outside to enjoy the elegant backyard with 2 tier deck, hot tub, screened porch, running pond, landscape lighting. The property also includes a 2 car garage, mud room, play room, finished basement with kitchen bath, laundry with exterior access. Within easy reach of local amenities, shopping, dining. Don't miss this remarkable gem!

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1986
Bedrooms
5
Full Bathrooms
3
Half Bathrooms
1
Living Area
4,101 sq ft
Total Rooms
12

Sale Statistics

Sale Overview
Original List Price: $1,450,000
Final Sale Price: $1,200,000
Difference: $250,000 (-17.2%)
Performance Metrics
82.8%
List to Sale Ratio
Sold below asking price
47
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $354
Sale $/sq ft: $293
This property sold for $293 per square foot
Sale Summary

This property sold for 17.2% below the original asking price.

The property spent 47 days on market before selling.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$293/sq ft
Area Average
$411/sq ft
Difference
28.8%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1986
Living Area 4,101 sq ft
Lot Size 0.41 acres
Bedrooms 5
Full Baths 3
Half Baths 1
Total Rooms 12

Interior

Heating Baseboard, Oil
Cooling Central Air
Flooring Wood, Tile, Carpet, Hardwood
Appliances Electric Water Heater, Water Heater, Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 2
Basement None
Laundry None
Features Sauna/steam/hot Tub, Walk-up Attic, Finish - Sheetrock, Wired For Sound, Internet Available - Broadband, Internet Available - Dsl, Internet Available - Satellite

Exterior

Construction Frame, Post & Beam
Architecture Colonial
Roof Shingle
Features Porch - Screened, Deck, Deck - Wood, Patio
Pool None
Spa None
Fencing None
Patio/Porch Screened, Deck, Deck - Wood, Patio

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Garage Door Opener, Garage Faces Side, Oversized, Paved Drive, Off Street, Paved
Total Spaces 6

Utilities

Electric 220 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $11,770
Assessed Value $1,071,000

Interior Features

Flooring: Wood, Tile, Carpet, Hardwood
Appliances: Electric Water Heater, Water Heater, Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Sauna/Steam/Hot Tub, Walk-up Attic, Finish - Sheetrock, Wired for Sound, Internet Available - Broadband, Internet Available - DSL, Internet Available - Satellite
Windows:
Basement:
Laundry:
Security: Security System

Construction & Materials

Style: Colonial
Year Built: 1986
Structure Type:
Exterior Materials: Frame, Post & Beam
Roof: Shingle
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Porch - Screened, Deck, Deck - Wood, Patio
Patio & Porch: Screened, Deck, Deck - Wood, Patio
Fencing:
Other Structures:
Lot Features: Level
Road Surface: Paved

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 6
Parking Features: Attached, Garage Door Opener, Garage Faces Side, Oversized, Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type:
Waterfront: Yes
Waterfront Type: Waterfront, Lake, Frontage
Community Amenities: Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School

Location

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Neighborhood

Putnamville

38 Reservoir Dr, Danvers MA 01923

Danvers, MA 01923

Walkability

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Nearby Schools

School District
Danvers School District local
A-
School Safety 2024-25
2.3% Average
1.9% Suspensions 2.3% In-School 0.4% Emergency
3.2% below state avg
E

Elementary Schools

7 schools
St. Mary of the Annunciation School
1.9 mi
Grades PK-08
Great Rock Christian Academy
2.7 mi
Grades PK-12
B+
Ivan G Smith School
0.6 mi | #333 of 824 | Score: 49.7
Improved 40 spots from last year
-8.5 below state avg
389 students Moderate
Rising School Strong Attendance
Grades K-05
C+
Great Oak School
1.8 mi | #554 of 824 | Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students Moderate
Grades K-05
B-
Willis E Thorpe School
2.2 mi | #435 of 824 | Score: 46.6
Dropped 167 spots from last year
-11.6 below state avg
294 students Less Diverse
Grades K-05
B-
Highlands School
2.3 mi | #486 of 824 | Score: 45.2
Improved 156 spots from last year
-13 below state avg
385 students Moderate
Rising School
Grades K-05
B+
Riverside School
2.8 mi | #304 of 824 | Score: 50.8
Improved 132 spots from last year
-7.4 below state avg
350 students Moderate
Rising School
Grades PK-05
M

Middle Schools

1 school
B-
Holten Richmond Middle School
2.2 mi | #183 of 352 | Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students Moderate
Grades 06-08
H

High Schools

5 schools
St. John's Prep School
1.0 mi
Grades 06-12
Northeast ARC
2.4 mi
Grades 06-12
B
Danvers High School
1.3 mi | #158 of 346 | Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 students Moderate
17 sports • 1,436 athletes
Early College Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
A-
Essex North Shore Agricultural and Technical School
1.5 mi | #76 of 346 | Score: 63.1
Improved 23 spots from last year
+4.9 above state avg
1,830 students Moderate
Strong AP Program Early College Program High Graduation Rate Rising School
Grades 09-12
Northeast Behavioral Health
1.5 mi
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $981
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

14.2%
Price Range
49
Total Days on Market

Property Timeline

Sold
Jul 8, 2025
$1,200,000
Property sold
Days on Market: 49
🏠
Listed for Sale
May 3, 2025
$1,399,000
Original listing
Agent: Michael Lyons Office: Compass

Price & Status History

Date Event Price Change
May 3, 2025 New Listing Added $1,399,000

Market Statistics

Days on Market
47 days
Price per Sq Ft
$293

Tax History

Year Taxes Assessment
2025 $11,770 $1,071,000

Financial Details

Annual Property Tax
$11,770
Tax Year 2025
Assessed Value
$1,071,000

Listing Information

Listing Agent Michael Lyons
Listing Office Compass
Agent MLS ID BB900605
Office MLS ID AN2383
Listing Data Updated Jul 10, 2025 11:10 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Danvers, MA

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BMN Boston Real Estate

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