NOT LISTED FOR SALE

Estimated Value: $906,000 - $1,011,778

5 Beds
4 Baths
3,250 Sq Ft
$292/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $790,000 $243 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,053/month

36 Days on Market

About This Home

As of December 2021

Great opportunity to own this renovated 2 Unit Home. Conveniently located near downtown Beverly, this spacious multi-family home includes 2-units, each featuring 2BR/2BA, living room, kitchen w/granite countertops, hardwood floors, and recessed lighting. The second floor has been completely renovated including a new bath and a new kitchen. Entertaining in the fenced-in backyard is easy with green space and a redone patio! For those needing flex space, the partially finished basement may be used as a gym or an office area. Features: 2-car garage, 12-car parking, new gas furnaces, installed in 2021, new hot water tanks installed 2020, asphalt shingle roof installed (2014), spray foam insulation in the attic, separate utilities, walking distance to Beverly Train Station, Pleasant View Beach, and Gillis Park, and more! Whether a savvy homebuyer or an investor, this home has an ideal location & great income potential.

Last Listed By

Arian Simaku

Simaku Realty, LLC Listed on: 09/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,971

Year Built

  • 1928

Lot Details

  • 5,227

Parking

  • 2

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,971

Year Built

1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Summit Ave to Goat Hill Ln to Cox Ct
  • Garage Yn: Yes
  • Efficiency: Attic Vent Elec., Other (See Remarks)
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1928

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Microwave,Countertop Range,Washer,Dryer), Unit 2(Range,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Has Basement: Full, Partially Finished, Sump Pump
  • Total Bathrooms: 3.5
  • MAIN LO: AN1958
  • LIST PRICE PER Sq Ft: 245.85
  • PRICE PER Sq Ft: 243.08
  • MAIN SO: AN6181
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Wood,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Other (See Remarks), Unit 1(Studio,Bathroom With Tub), Unit 2(Bathroom With Tub), Unit 1 Rooms(Living Room,Kitchen,Office/Den,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Office/Den)
  • Stories: 3
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Foundation Details: Concrete Perimeter
  • View: Scenic View(s)
  • Construction Type: Stone
  • Disclosures: Both Units Are Vacant. All The Measures, Rents And Operating Expenses Are Approximate. Buyer And Buyer's Agent To Verify And Do Their Due Diligence On The Square Footage.
  • Fencing: Fenced
  • Lot Features: Level
  • Patio And Porch Features: Porch
  • Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem, Driveway, Paved
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 11

Utilities

  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Hot Water Baseboard,Gas,Unit Control), Unit 2(Hot Water Baseboard,Gas,Unit Control)
  • HEAT UNITS: 2
  • Cooling Y N: Yes
  • Electric: 110 Volts, 220 Volts
  • Heating Yn: Yes
  • Laundry Features: Laundry Room, Unit 1 Laundry Room
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina, Private School, Public School
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Annual Water Sewer Expense: 1200

Lot Info

  • LOT SIZE: 5089
  • PAGE: 95
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 5227.2
  • Zoning: RMD

Multi Family

  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Electric Expense: 500
  • Annual Gross Income: 52800
  • Insurance Expense: 1600
  • Property Net Operating Income: 49700
  • Number Of Units Total: 2
  • Annual Operating Expense: 15000
  • Total Actual Rent: 4500

Tax Info

  • Tax Annual Amount: 6084.57
  • Tax Book Number: 33339
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $790,000 0.0% $243 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
11/04/2021 11/04/21 For Sale -- -- --
11/03/2021 11/03/21 Off Market $790,000 -- --
09/29/2021 09/29/21 For Sale $849,000 +173.9% $261 / Sq Ft
06/13/2014 06/13/14 Sold $310,000 0.0% $117 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $309,900 -- $117 / 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 $8,971 $816,300 $357,200 $459,100
2024 $8,439 $751,500 $292,400 $459,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72901484

MLS Property Information Network (MLS PIN)

APN: BEVE-000004-000176