Pete Castrichini
Barry Realty Group
(978) 416-5699
25 Total Sales
1 in Downtown Beverly
$840,000 Price
47 Railroad Ave Beverly, MA 01915
Downtown Beverly Neighborhood
8
Beds
5
Baths
3,666
Sq Ft
8,793
Sq Ft Lot
Highlights
- Medical Services
- 5-minute walk to Beverly Depot
- 2 Fireplaces
- Property is near public transit and schools
- Wood Flooring
- 1-minute walk to Odell Park
About This Home
As of February 2024Excellent investment oppurtunity knocks for this well maintained 5 unit building in the heart of Beverly. Perfectly located on a quiet side street between Rantoul and Cabot, 1 block from the Beverly Commuter rail stop, and steps to all of Beverly's great restaurants, shops, and bars. This building features five lovely units of varying sizes with wonderful tenants. Plenty of off street parking, a covered back porch, side yard, full basement with separate storage areas for tenants, and coin op washer and dryer that will remain. Blown in isulation installed throughout the building in 2022, Many cosmetic updates have already been done incuding some new kitchens and baths, refinishing of hardwood floors, new bedroom added in 3rd floor unit, and new basement stairs. Group showings will be scheduled for pre-approved buyers. Video tours availabe also!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,972
Year Built
- Built in 1905 | Remodeled
Lot Details
- 8,793 Sq Ft Lot
- Gentle Sloping Lot
Home Design
- Stone Foundation
Interior Spaces
- 3,666 Sq Ft Home
- 2 Fireplaces
- Insulated Windows
- Basement Fills Entire Space Under The House
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 7 Car Parking Spaces
- Off-Street Parking
Utilities
- Heating Available
- Natural Gas Connected
Additional Features
- Porch
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $9,425
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:0005 B:0142 L:,4180428
Community Details
Overview
- 5 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Net Operating Income $113,100
Ownership 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.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2023
Closed on
Feb 16, 2024
Sold by
Bought by
Seller's Agent
Jeanna Alimonti
Clements Realty Group
Buyer's Agent
Ted Richard
J. Barrett & Company
List Price
$1,299,000
Sold Price
$1,300,000
Premium/Discount to List
$1,000
0.08%
Views
240
Purchase Details
Listed on
Oct 20, 2020
Closed on
Jan 19, 2021
Sold by
Bought by
Seller's Agent
James Finn
James A. Finn & Sons
Buyer's Agent
Jeanna Alimonti
Clements Realty Group
List Price
$1,090,000
Sold Price
$990,000
Premium/Discount to List
-$100,000
-9.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$700,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Beverly, MA
-
Pete Castrichini
-
Nick Cuevas
Nick Cuevas
Compass
(781) 776-5198
71 Total Sales
3 in Downtown Beverly
$750K - $1.2M Price Range
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
53 Total Sales
2 in Downtown Beverly
$560K - $790K Price Range
-
Wendy Willis
Wendy Willis
Keller Williams Realty Evolution
(978) 997-7748
112 Total Sales
2 in Downtown Beverly
$510K - $973K Price Range
-
Michael Cannuscio
Michael Cannuscio
Responds QuicklyThe Agency Marblehead
(781) 722-7167
21 Total Sales
1 in Downtown Beverly
$1,300,000 Price
-
Marie Presti
Marie Presti
Barrett Sotheby's International Realty
(857) 336-1481
105 Total Sales
1 in Downtown Beverly
$630,000 Price
Purchase 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.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,300,000 | None Available | ||
| $990,000 | None Available |
Source: Public Records
Mortgage 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.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $700,000 | ||
| Previous Owner | $190,000 |
Source: Public Records
Property 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.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/21/2024 02/21/24 | Sold | $1,300,000 | +0.1% | $355 / Sq Ft | |
| 01/20/2024 01/20/24 | Pending | -- | -- | -- | |
| 01/10/2024 01/10/24 | For Sale | $1,299,000 | 0.0% | $354 / Sq Ft | |
| 01/08/2024 01/08/24 | Pending | -- | -- | -- | |
| 08/22/2023 08/22/23 | For Sale | $1,299,000 | +31.2% | $354 / Sq Ft | |
| 01/22/2021 01/22/21 | Sold | $990,000 | 0.0% | $291 / Sq Ft | View Prior Sale |
| 12/22/2020 12/22/20 | Pending | -- | -- | -- | |
| 12/18/2020 12/18/20 | Off Market | $990,000 | -- | -- | |
| 11/16/2020 11/16/20 | For Sale | $1,090,000 | 0.0% | $320 / Sq Ft | |
| 10/25/2020 10/25/20 | Pending | -- | -- | -- | |
| 10/20/2020 10/20/20 | For Sale | $1,090,000 | -- | $320 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $11,086 | $1,008,700 | $364,400 | $644,300 |
| 2024 | $10,284 | $915,800 | $298,300 | $617,500 |
| 2021 | $9,074 | $714,500 | $202,000 | $512,500 |
| 2020 | $9,218 | $703,200 | $190,700 | $512,500 |
| 2019 | $8,830 | $661,600 | $169,900 | $491,700 |
| 2018 | $7,960 | $585,300 | $166,100 | $419,200 |
| 2017 | $6,407 | $448,700 | $122,700 | $326,000 |
| 2016 | $6,159 | $428,000 | $122,700 | $305,300 |
| 2015 | $6,039 | $428,000 | $122,700 | $305,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jeanna Alimonti
Seller's Agent in 2024
Jeanna Alimonti
Clements Realty Group
(603) 858-6769
1 in this area
20 Total Sales
-
Ted Richard
Buyer's Agent in 2024
Ted Richard
J. Barrett & Company
(978) 921-1117
6 in this area
67 Total Sales
-
James Finn
J
Seller's Agent in 2021
James Finn
James A. Finn & Sons
(978) 922-0379
17 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73150875
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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