NOT LISTED FOR SALE

5 Blaine Ave Beverly, MA 01915

North Beverly Neighborhood

Estimated Value: $710,000 - $869,000

3 Beds
2 Baths
1,706 Sq Ft
$464/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $605,000 $355 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,753/month

4 Days on Market

About This Home

As of December 2021

Great opportunity for both investors and owner occupants. Perfectly located between Beverly's lively downtown and Rte 128. Minutes to bustling Cummings Ctr and Beverly Golf & Tennis Club. 1 bdrm 1st floor currently occupied at $1600 and 4 rm 2nd flr apt vacated in Oct., 2021. Rent was was $1,775. Fenced yard overlooking Beverly Middle School's well maintained soccer fields. Plenty of parking, washer/dryer hookups in basement, Additional income possible from large outbuilding with heat & electricity. Both apartments enjoy stunning sunsets off their private back decks. Commute from nearby train stations or relax at a local park or beach! Comfortable & bright apartments. House is surrounded by mature plantings. This multi family is a must see! Listing office representative must accompany all showings.

Last Agent to Sell the Property

Kathleen Fortunato

Fortunato Agency Listed on: 10/19/2021

Last Buyer's Agent

William Mahoney

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 7,405

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Cabot St. to Blaine Ave.
  • Garage Yn: No
  • Green Power: Solar
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Disposal,Refrigerator), Gas Water Heater
  • Has Basement: Full, Interior Entry, Sump Pump, Concrete, Unfinished
  • MAIN LO: C64100
  • MAIN SO: AN2314
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Tile,Carpet, Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Storage, Sprinkler System, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Buyer To Assume Vivant Solar Lease. Underground Sprinkler System Has Never Been Used By Owner. Sellers Intend To Do Exchange Pursuant To Irc 1031.
  • Fencing: Fenced/Enclosed, Fenced
  • Home Warranty: No
  • Lot Features: Level
  • Patio And Porch Features: Porch, Deck, Covered
  • Waterfront Features: Beach Front, Ocean, River, 1 to 2 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 5

Utilities

  • Heating: Unit 1(Oil), Unit 2(Oil)
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 1024

Schools

  • Middle Or Junior School: Beverly

Lot Info

  • LOT SIZE: 7600
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7405.2
  • Zoning: R10

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 19200
  • Property Net Operating Income: 17976
  • Number Of Units Total: 2
  • Annual Operating Expense: 1224
  • Total Actual Rent: 1600

Tax Info

  • Tax Annual Amount: 5908
  • Tax Book Number: 36560
  • Tax Year: 2021

Range of Values:

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Value Increase
--
Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2021 12/13/21 Sold $605,000 +2.6% $355 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $589,900 +31.4% $346 / Sq Ft
02/28/2018 02/28/18 Sold $449,000 0.0% $304 / Sq Ft View Prior Sale
12/19/2017 12/19/17 Pending -- -- --
12/13/2017 12/13/17 For Sale $449,000 -- $304 / 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 $7,350 $668,800 $365,800 $303,000
2024 $7,089 $631,300 $328,300 $303,000
2023 $6,186 $549,400 $288,900 $260,500
2022 $6,298 $517,500 $253,300 $264,200
2021 $5,908 $465,200 $223,200 $242,000
2020 $5,729 $446,500 $208,200 $238,300
2019 $4,726 $406,600 $191,400 $215,200
2018 $4,669 $343,300 $172,900 $170,400
2017 $4,624 $323,800 $148,900 $174,900
2016 $4,113 $285,800 $130,400 $155,400
2015 $4,033 $285,800 $130,400 $155,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kathleen Fortunato

    Fortunato Agency

    (978) 578-6170

    1 in this area

    3 Total Sales

    Kathleen Fortunato
    Section Image

  • W

    Buyer's Agent in 2021

    William Mahoney

    Lamacchia Realty, Inc.

    1 in this area

    8 Total Sales

    William Mahoney
    Section Image
  • Melissa Dias Lopes

    Seller's Agent in 2018

    Melissa Dias Lopes

    J. Barrett & Company

    (617) 835-2394

    1 in this area

    131 Total Sales

    Melissa Dias Lopes
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72909962

MLS Property Information Network (MLS PIN)

APN: BEVE M:0042 B:0019 L:

Massachusetts Essex County Beverly 01915 North Beverly

5 Blaine Ave, Beverly, MA

Not Listed for Sale

MultiFamily

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