22 Overlook Dr Danvers — Photo 1 of 42
$995,000
Investment Analysis — 22 Overlook Dr
Danvers, MA 01923
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 2.25% cap rate and $22,344/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,456
Style
Single Family
Built
2011
Welcome to 22 Overlook Drive, a bright and beautifully maintained 2011-built home offering a spacious, flexible layout, attractive finishes, and exceptional bonus space throughout. With 8' ceilings on the lower, first, and second levels, abundant natural light, and a home that has been kept in excellent condition, this property is truly move-in ready.The main level features a beautiful kitchen with quality finishes, ample cabinetry and counter space, and an inviting layout that connects naturally with the spacious living area. A slider from the kitchen/living area leads directly to the rear deck, creating a great indoor-outdoor flow for everyday living and entertaining. A separate dining room provides a dedicated space for meals and gatherings. A convenient half bath and separate laundry room complete the first floor.The second floor is the bedroom level, featuring four bedrooms and two full baths. The spacious primary bedroom includes a private full bath and walk-in closet. One of the additional bedrooms also provides access to the finished third floor, creating a unique and versatile layout.The third floor features a large finished bonus room offering tremendous flexibility as an additional sleeping area, home office, playroom, media room, guest space, or private retreat. The remaining unfinished attic area provides excellent storage.The walk-out lower level offers even more possibilities, with approximately 443 sq. ft. already improved with finished walls and flooring. With 8' ceilings and a slider leading directly to the patio and backyard, the space has excellent potential for a family room, home gym, game room, workshop, or additional bonus area. A large two-car garage completes the lower level.Bright, spacious, and exceptionally well maintained, 22 Overlook Drive combines newer construction, beautiful finishes, flexible living space, abundant storage, a two-car garage, deck, patio, and walk-out lower level—all in a home that is ready for its next owner. Open Houses Thursday 5-6pm, Sat & Sun 11-1pm
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: 900 sq ft (the lesser of 900 sq ft or half the 2,456 sq ft principal dwelling). Lot size: 23,923 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
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First27 x 12.166666666
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First13.5 x 12.25
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl First15 x 13.25
Flooring - Hardwood, Kitchen Island, Recessed Lighting, Gas Stove, Lighting - Pendant
Master Bedroom
Lvl Second18 x 15.416666666
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second13.416666666 x 12.75
Bedroom 3
Lvl Second13.333333333 x 12.75
Bedroom 4
Lvl Second11.666666666 x 10
Bathroom 1
Lvl First6.166666666 x 5.833333333
Bathroom - Half
Bathroom 2
Lvl Second9.25 x 8.833333333
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second8.833333333 x 8.5
Bathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: David Picardy
Listing Office: Real Broker MA, LLC
MLS® Number: 73573814
