Seller's Agent in 2024
Gary Blattberg
RE/MAX
(978) 882-4469
10 in this area
126 Total Sales
53 Hale St Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated Value: $803,000 - $872,000
17
Beds
9
Baths
7,051
Sq Ft
$119/Sq Ft
Est. Value
Highlights
- Marina
- Medical Services
- Deck
- Golf Course Community
- 0.4 Acre Lot
- Property is near public transit
About This Home
As of July 2024All offers due Monday (5/13) by 6 PM. Seller reply by Tuesday (5/14) by 6 PM. Final Group showing by appointment only. Monday (5.13), 10 AM – email Listing Broker if you plan to attend the Group showing. A Beverly Cove investment opportunity not to be missed! The perfect blend of superior location with a strong income stream. Only 2 blocks to Dane St Beach and thriving Downtown Beverly. Less than 3⁄4 mile to Beverly MBTA. Three well-maintained contiguous parcels (combined lot 17,228+- sq ft) with 9 units on desirable Hale Street with 20+- car parking to be sold as a package. Eight nicely appointed 2-bedroom apartments & one 1-bedroom apartment. See separate income & expense statement and breakdown of Leases/TAW's. . Can also be purchased with 12 Highland Ave, Beverly. Another outstanding downtown 4-unit property ($1.2M) and 21 Symonds St, Salem. A strong income producing 3-unit in North Salem ($950K).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,214
Year Built
- Built in 1880
Lot Details
- 0.4 Acre Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 7,051 Sq Ft Home
- Skylights
- Insulated Windows
- Living Room
Kitchen
- Range
- Microwave
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 17 Bedrooms
- 9 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
- Block Basement Construction
Parking
- 20 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Walking Distance to Water
- Balcony
- Deck
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- 9 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $23,025
- Rent includes unit 1(heat electric water hot water), unit 2(water none), unit 3(water none), unit 4(water none)
Community Details
Overview
- 9 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $5,342
- Insurance Expense $9,450
- Water Sewer Expense $3,552
- Operating Expense $51,449
- Net Operating Income $227,491
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 1, 2024
Sold by
Plan C Properties Llc
Bought by
Seastar Properties Llc and Murphy
Current Estimated Value
Purchase Details
Listed on
May 17, 2016
Closed on
Jan 9, 2017
Sold by
53 Hale Street T and 53 Argeros
Bought by
Plan C Properties Llc
Seller's Agent
Victor Paulino
Engel & Volkers By the Sea
Buyer's Agent
Gary Blattberg
RE/MAX Beacon
List Price
$1,749,000
Sold Price
$1,700,000
Premium/Discount to List
-$49,000
-2.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.63%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Seastar Properties Llc | -- | None Available | |
| Plan C Properties Llc | $570,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $3,120,000 | +4.9% | $442 / Sq Ft | |
| 05/14/2024 05/14/24 | Pending | -- | -- | -- | |
| 05/12/2024 05/12/24 | Price Changed | $2,975,100 | 0.0% | $422 / Sq Ft | |
| 05/09/2024 05/09/24 | For Sale | $2,975,000 | +75.0% | $422 / Sq Ft | |
| 01/09/2017 01/09/17 | Sold | $1,700,000 | -2.8% | $227 / Sq Ft | View Prior Sale |
| 10/06/2016 10/06/16 | Pending | -- | -- | -- | |
| 09/09/2016 09/09/16 | For Sale | $1,749,000 | 0.0% | $234 / Sq Ft | |
| 05/31/2016 05/31/16 | Pending | -- | -- | -- | |
| 05/17/2016 05/17/16 | For Sale | $1,749,000 | -- | $234 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,700 | $791,600 | $434,700 | $356,900 |
| 2024 | $8,264 | $735,900 | $379,000 | $356,900 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Blattberg
-
Mike Cotraro
Buyer's Agent in 2024
Mike Cotraro
Buckley Realty Group, Inc.
(978) 337-6355
4 in this area
92 Total Sales
-
V
Seller's Agent in 2017
Victor Paulino
Engel & Volkers By the Sea
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73235436
APN: BEVE-000012-000074
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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