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7 Bridle Spur Ln Danvers — Photo 1 of 42

7 Bridle Spur Ln Danvers — Photo 1 of 42

$1,995,000

Investment Analysis — 7 Bridle Spur Ln

Danvers, MA 01923

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 0.86% cap rate and $17,200/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

4,202

Style

Single Family

Built

2017

Welcome to 7 Bridle Spur Lane, an entertainer's paradise perched high in a coveted, rarely available location in this Danvers estate neighborhood. Offering water views and breathtaking sunsets over Putnamville Reservoir, this custom 2017 home features high-end finishes throughout, highlighted by the designer kitchen with custom, oversized cabinetry and a butler's pantry. A dramatic two-story foyer welcomes you with a cascading glass light fixture, curved oak staircase, and open landing framing the peaceful water views. The first level presents an open floor plan flowing seamlessly between kitchen, dining, and living areas, with high ceilings, a gas fireplace, built-in Sonos sound extending to the pool, and a mudroom entry from the garage. The luxurious primary suite boasts reservoir views, a porcelain-tiled bathroom with a walk-in shower, a jacuzzi tub, heated flooring, a rear balcony, and a custom walk-in California closet. Three additional bedrooms, two full baths (one en-suite), and a laundry room complete the second level. A finished third level adapts easily as a fifth bedroom, media room, teen suite, or home gym. The resort-style backyard oasis is designed for privacy, relaxation, and entertaining. Centered around the heated saltwater pool, it features an expansive stone paver patio with a gas fireplace, built-in Lynx grill and cooktop, outdoor shower, and a heated pool house with bar, kitchenette, and half bath. The professionally landscaped grounds showcase elegant stonework and retaining walls, along with built-in irrigation and lighting. Additional features include a three-car garage, white oak hardwood flooring, Hardie Plank siding, Andersen windows, smart thermostats, and hydro-air central HVAC. The unfinished basement with high ceilings provides ample storage or room to finish, plus a potential wine cellar build-out. Set on a private cul-de-sac road near walking trails, highways, St. John's Prep, Beverly Airport, and just 35 minutes to Boston.

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 4,202 sq ft principal dwelling). Lot size: 33,032 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$1,995,000
Annual Taxes$15,267

Parking

Garage3
Off-Street9

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Vinyl
BasementFull, Concrete, Unfinished

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR3

Property & Lot

Acres0.76
SqFt Lot33,032
Lot FeaturesCul-De-Sac

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Shopping • Park • Walk/Jog Trails • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 5
Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

24 x 14

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

21 x 13

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

15 x 14

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove, Lighting - Pendant

Family Room
Lvl First

21 x 14

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Primary Bedroom
Lvl Second

20 x 23

Bathroom - Full, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

12 x 13

Bedroom 3
Lvl Second

12 x 13

Flooring - Hardwood, Recessed Lighting, Closet - Double

Bedroom 4
Lvl Second

15 x 9

Bathroom - Full, Flooring - Hardwood, Recessed Lighting

Bedroom 5
Lvl Third

Flooring - Hardwood, Recessed Lighting

Bathroom 1
Lvl First

6 x 4

Flooring - Hardwood, Recessed Lighting, Lighting - Sconce

Bathroom 2
Lvl Second

15 x 9

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Balcony / Deck, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Enclosed Shower - Fiberglass, Double Vanity, Recessed Lighting, Lighting - Sconce

Bathroom 3
Lvl Second

6 x 11

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Enclosed Shower - Fiberglass, Recessed Lighting, Lighting - Sconce

Listing Provided By

Listing Agent: Robert Heil

Listing Office: Coldwell Banker Realty - Beverly

MLS® Number: 73554481