NOT LISTED FOR SALE

Estimated Value: $938,000 - $1,083,000

6 Beds
3 Baths
3,482 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $915,000 $263 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,884/month

12 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Park
  • Property is near public transit and schools
  • Jogging Path
  • 2-minute walk to Sam Carratu Park

About This Home

As of August 2024

This prime Downtown Beverly 3-story oversized three-family has been well maintained and numerous improvements have been made to the property. The property boasts a rentable square footage of 3,482± with a total gross of 4,998± SF. The property consists of two (2) three-bedroom units and one (1) two-bedroom unit all floor through with open floor plans. The property offers tenants coin-op laundry facilities, as well as one (1) surface parking spot and one (1) attached garage for additional income. Each unit is separately metered for gas heat /hot water with three newly installed hot water tanks in 2022 as well as separate electric meters. This property offers investors a value-add opportunity with under-market rents currently in place within a supply constrained prime location.

Last Agent to Sell the Property

Dan Pouladian

North Shore Realty Advisors Listed on: 07/26/2024

Co-Listed By

Sara Pouladian

North Shore Realty Advisors

Last Buyer's Agent

Sara Pouladian

North Shore Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,102

Year Built

  • Built in 1800

Lot Details

  • 2,161 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Leased Parking
  • Off-Street Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 3,482 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Property is near public transit and schools
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $6,350
  • Assessor Parcel Number M:0011 B:0149 L:,4182041

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $1,922
  • Insurance Expense $3,000
  • Water Sewer Expense $1,399
  • Operating Expense $6,621
  • Net Operating Income $65,491

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,102

Year Built

Built in 1800

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1800
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3482
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN7007
  • MAIN SO: AN7007

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Off Street, Leased
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Water Source: Public
  • HEAT UNITS: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1399

Lot Info

  • Parcel Number: M:0011 B:0149 L:,4182041
  • Zoning: CC
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2161
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8102

Multi Family

  • Electric Expense: 1922
  • Insurance Expense: 3000
  • Net Operating Income: 65491
  • Number Of Units Total: 3
  • Operating Expense: 6621
  • Total Actual Rent: 6350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 1995
Sold by
Vitale Richard A and Vitale Fhlmc
Bought by
245 National St Rt and Audettde
Current Estimated Value
$995,244
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
245 National St Rt $85,000 --
245 National St Rt $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 245 National St Rt $140,000
Closed 245 National St Rt $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $915,000 -8.0% $263 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $995,000 -- $286 / 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 $8,594 $782,000 $333,700 $448,300
2024 $8,102 $721,500 $273,200 $448,300
2023 $7,812 $693,800 $245,500 $448,300
2022 $7,680 $631,100 $193,600 $437,500
2021 $7,908 $622,700 $185,000 $437,700
2020 $7,187 $560,200 $152,800 $407,400
2019 $6,795 $514,400 $116,700 $397,700
2018 $5,936 $436,500 $95,100 $341,400
2017 $5,231 $366,300 $70,200 $296,100
2016 $4,897 $340,300 $70,200 $270,100
2015 $4,802 $340,300 $70,200 $270,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73269882

MLS Property Information Network (MLS PIN)

APN: BEVE M:0011 B:0149 L: