NOT LISTED FOR SALE

102 Lothrop St Beverly, MA 01915

Downtown Beverly Neighborhood

Estimated Value: $928,000 - $1,563,000

5 Beds
3 Baths
2,758 Sq Ft
$446/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $775,000 $281 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,728/month

79 Days on Market

About This Home

As of June 2015

Take advantage of this rare opportunity to own this North Shore seaside home in the heart of Beverly, MA. You can convert this magnificent home back to a single-family house, become an owner-occupier and take in the ocean views each day, or reap the rewards of this cash-positive and fully leased property. The house is currently a three-family residence that is fully leased through August 2015. This property is cash positive boasting a debt coverage ratio of 1.21 assuming a 4% interest rate with 25% down payment - that means net income is 21% more than the mortgage payment! This also equates to a capitalization rate (cap rate) of 5.8%. If you are not looking for a pure investment as much as you are looking for a seaside manor to call you home, but want someone else to pay the mortgage, look no further. Every floor of this house has full ocean views, and there are two more units that will provide substantial income to help pay your mortgage!

Last Agent to Sell the Property

Derek Greene

The Greene Realty Group Listed on: 03/12/2015

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,099

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Scenic View(s)
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 13
  • Amenities: Public Transportation, Park
  • Electric: 220 Volts, Circuit Breakers, 100 Amps, Individually Metered
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Hardwood
  • Basement: Full, Bulkhead, Concrete Floor

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Shingles
  • Exterior Features: Porch - Enclosed, Deck - Roof, Patio, Sprinkler System, Fenced Yard, Stone Wall
  • Foundation: Granite

Garage/Parking

  • Garage Spaces: 1
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer

Lot Info

  • Assessor Parcel Number: M:0012 B:0096 L:

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2024
Sold by
Janey Peter W
Bought by
Peter Wistar Janney Ret and Janney
Current Estimated Value
$1,231,203

Purchase Details

Closed on
Jul 30, 2007
Sold by
Indeck Sidney
Bought by
Balich Jason

Purchase Details

Closed on
Apr 3, 2003
Sold by
Indeck Jetta and Indeck Sidney
Bought by
Indeck Sidney
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peter Wistar Janney Ret -- None Available
Peter Wistar Janney Ret -- None Available
Balich Jason -- --
Indeck Sidney -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Indeck Sidney $760,962
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2015 06/29/15 Sold $775,000 -2.5% $281 / Sq Ft
05/30/2015 05/30/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $795,000 -- $288 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,099 $1,282,900 $777,400 $505,500
2024 $14,407 $1,282,900 $777,400 $505,500
Source: Public Records

Agents Affiliated with this Home

  • Derek Greene

    Seller's Agent in 2015

    Derek Greene

    The Greene Realty Group

    (860) 560-1006

    2,976 Total Sales

    Derek Greene
    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    Non Member Office

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71800418

MLS Property Information Network (MLS PIN)

APN: BEVE-000012-000096

Massachusetts Essex County Beverly 01915 Downtown Beverly

102 Lothrop St, Beverly, MA

This home is located at 102 Lothrop St, Beverly, MA 01915 since 12 March 2015 and is currently estimated at $1,231,203, approximately $446 per square foot. This property was built in 1900. 102 Lothrop St is a home located in Essex County with nearby schools including Beverly High School, Mrs Alexander's School, and Harborlight Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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