NOT LISTED FOR SALE

18 Wellman St Beverly, MA 01915

Downtown Beverly Neighborhood

Estimated Value: $759,060 - $1,024,000

6 Beds
3 Baths
3,198 Sq Ft
$278/Sq Ft Est. Value

Last Sold January 05, 2016

Last sale price $409,000 $128 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $5,264/month

80 Days on Market

About This Home

As of January 2016

Motivated Sellers looking for offers!! Goat Hill neighborhood! Great opportunity for owner-occupant, investor, or extended family. Live in one unit and collect rent to help with the mortgage or rent out the whole house. Spacious units, with beautiful hardwood floors, nice architectural details and great natural light. Limited views of the harbor. Washer/dryer connections in units. Level corner lot offers yard space and plenty of parking. Three huge garages offer additional potential for rental income - 2 doubles and 1 single garage! Enjoy Gillis Park and escape to Pleasant View Beach. Close proximity to Beverly Harbor, commuter rail, restaurants, and all that Beverly has to offer.

Last Agent to Sell the Property

Kathleen Fortunato

Fortunato Agency Listed on: 08/16/2015

Last Buyer's Agent

Krista Julian

Coldwell Banker Realty - Manchester

Coldwell Banker Realty - Manchester

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Lot Description: Corner, Paved Drive
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Tile, Laminate, Hardwood
  • Basement: Interior Access

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles, Rubber
  • Frontage: 101.00
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Deck, Gutters, Hot Tub/Spa, Storage Shed
  • Foundation: Fieldstone, Brick
  • Beach: River
  • Beach Ownership: Public

Garage/Parking

  • Garage Spaces: 3
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Gas Dryer
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:0004 B:120A L:
  • Zoning: R6

Multi Family

  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 12
  • Total Rent_1: 1250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2015
Closed on
Jan 5, 2016
Sold by
Gallagher Talmadege A and Gallagher Susan L
Bought by
Shehu Etleva and Germenji Eralba
Seller's Agent
Kathleen Fortunato
Fortunato Agency
Buyer's Agent
Krista Julian
Coldwell Banker Realty - Manchester
List Price
$485,000
Sold Price
$409,000
Premium/Discount to List
-$76,000
-15.67%
Current Estimated Value
$888,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,765
Avg. Annual Appreciation
7.97%
Original Mortgage
$401,591
Outstanding Balance
$313,690
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$575,075

Purchase Details

Closed on
Dec 30, 1991
Sold by
Est Chun Hwa Choate
Bought by
Gallagher Talamadge A and Susan Gallagher
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shehu Etleva $409,000 --
Gallagher Talamadge A $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shehu Etleva $401,591
Previous Owner Gallagher Talamadge A $326,150
Previous Owner Gallagher Talamadge A $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2016 01/05/16 Sold $409,000 -3.8% $128 / Sq Ft
11/04/2015 11/04/15 Pending -- -- --
10/27/2015 10/27/15 Price Changed $425,000 -12.4% $133 / Sq Ft
08/16/2015 08/16/15 For Sale $485,000 -- $152 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $8,235 $749,300 $330,900 $418,400
2024 $7,997 $712,100 $293,700 $418,400
2023 $7,852 $697,300 $278,900 $418,400
2021 $8,353 $657,700 $249,100 $408,600
2020 $8,337 $611,400 $230,500 $380,900
2019 $7,738 $585,800 $213,800 $372,000
2018 $6,706 $493,100 $213,800 $279,300
2017 $6,180 $432,800 $167,300 $265,500
2016 $5,932 $412,200 $167,300 $244,900
2015 $5,816 $412,200 $167,300 $244,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kathleen Fortunato

    Fortunato Agency

    (978) 578-6170

    2 in this area

    3 Total Sales

    Kathleen Fortunato
    Section Image
  • Krista Julian

    Buyer's Agent in 2016

    Krista Julian

    Coldwell Banker Realty - Manchester

    (617) 312-5413

    1 in this area

    39 Total Sales

    Krista Julian
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71890177

MLS Property Information Network (MLS PIN)

APN: BEVE-000004-000120A

Massachusetts Essex County Beverly 01915 Downtown Beverly

18 Wellman St, Beverly, MA

Not Listed for Sale

MultiFamily

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