Virginia Todd
Leading Edge Real Estate
(857) 323-6892
50 Total Sales
1 in Downtown Beverly
$700,000 Price
102 Lothrop St Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated Value: $1,116,000 - $1,435,934
5
Beds
3
Baths
2,758
Sq Ft
$452/Sq Ft
Est. Value
About This Home
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 Buyer's Agent
Non Member
Non Member Office
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Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
5,227 Sq Ft Lot
Listing Details
- Lot Description: Scenic View(s)
- Other Agent: 2.50
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 3
- 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:
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Beverly, MA
-
Virginia Todd
-
Deborah Evans
Deborah Evans
J. Barrett & Company
(351) 215-0813
110 Total Sales
2 in Downtown Beverly
$420K - $964K Price Range
-
David Brown
David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
60 Total Sales
3 in Downtown Beverly
$455K - $560K Price Range
-
Kelly Blagden
Kelly Blagden
Churchill Properties
(351) 207-3384
16 Total Sales
3 in Downtown Beverly
$560K - $820K Price Range
-
Tracey Cleversey
Tracey Cleversey
Hive Property Group
(339) 444-2143
54 Total Sales
1 in Downtown Beverly
$450,000 Price
-
Karol Flannery
Karol Flannery
RE/MAX Bentley's
(978) 518-3106
37 Total Sales
1 in Downtown Beverly
$805,000 Price
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2021 | $11,558 | $910,100 | $416,500 | $493,600 |
| 2020 | $10,680 | $840,500 | $379,500 | $461,000 |
| 2019 | $10,502 | $788,100 | $337,800 | $450,300 |
| 2018 | $10,067 | $740,200 | $351,700 | $388,500 |
| 2017 | $9,395 | $657,900 | $319,300 | $338,600 |
| 2016 | $9,057 | $629,400 | $319,300 | $310,100 |
| 2015 | -- | $629,400 | $319,300 | $310,100 |
Source: Public Records
Agents Affiliated with this Home
-
Derek Greene
Seller's Agent in 2015
Derek Greene
The Greene Realty Group
(888) 278-5840
3,287 Total Sales
-
NM
Buyer's Agent in 2015
Non Member
Non Member Office
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71800418
APN: BEVE-000012-000096
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.
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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