Tyson Lynch
Responds Quickly
The Proper Nest Real Estate
(351) 666-4531
50 Total Sales
2 in Downtown Beverly
$560K - $790K Price Range
53 Hale St Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated Value: $870,333
17
Beds
9
Baths
7,051
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- Marina
- 0.4 Acre Lot
- Property is near golf course, public transit, and schools
- Medical Services
- Deck
- 2-minute walk to Beverly Common
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).
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,214
Year Built
- Built in 1880
Lot Details
- 0.4
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
Parking
- 20 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Walking Distance to Water
- Balcony
- Deck
- Rain Gutters
Utilities
- No Cooling
- Forced Air Heating System
- 9 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Separate Meters
- 100 Amp Service
Additional Features
- 17,228 Sq Ft Lot
- Property is near golf course, public transit, and schools
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
- 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
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
May 9, 2024
Closed on
Jul 31, 2024
Sold by
Seastar Properties Llc
Bought by
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Mike Cotraro
Buckley Realty Group, Inc.
List Price
$2,975,000
Sold Price
$3,120,000
Premium/Discount to List
$145,000
4.87%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,249,667
Avg. Annual Appreciation
-44.63%
Original Mortgage
$1,890,000
Outstanding Balance
$1,851,047
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$980,714
Purchase Details
Closed on
May 1, 2024
Sold by
Plan C Properties Llc
Bought by
Seastar Properties Llc and Murphy
Purchase Details
Listed on
May 17, 2016
Closed on
Jan 9, 2017
Sold by
53 Hale Street 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
-6.65%
Purchase Details
Closed on
Sep 20, 2004
Sold by
Player David and Player Donna
Bought by
Argeros Nicholas
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Beverly, MA
-
Tyson Lynch
-
Wendy Willis
Wendy Willis
Keller Williams Realty Evolution
(978) 997-7748
114 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
-
VIP Group
VIP Group
Moor Realty Group
(781) 737-7873
57 Total Sales
1 in Downtown Beverly
$685,000 Price
-
Marie Presti
Marie Presti
Barrett Sotheby's International Realty
(857) 336-1481
99 Total Sales
1 in Downtown Beverly
$630,000 Price
-
George Needham
George Needham
GLN & Company, LLC
(978) 736-2304
24 Total Sales
1 in Downtown Beverly
$619,000 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 |
|---|---|---|---|
| $3,120,000 | None Available | ||
| Seastar Properties Llc | -- | None Available | |
| Plan C Properties Llc | $570,000 | -- | |
| Argeros Nicholas | $470,000 | -- |
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 |
|---|---|---|---|
| Open | -- | $1,890,000 | |
| Previous Owner | Player Donna | $181,500 |
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 |
|---|---|---|---|---|---|
| 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
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 | $8,700 | $791,600 | $434,700 | $356,900 |
| 2024 | $8,264 | $735,900 | $379,000 | $356,900 |
| 2023 | $7,972 | $708,000 | $351,100 | $356,900 |
| 2022 | $7,609 | $625,200 | $276,800 | $348,400 |
| 2021 | $7,775 | $612,200 | $263,800 | $348,400 |
| 2020 | $7,383 | $564,200 | $239,700 | $324,500 |
| 2019 | $6,969 | $536,100 | $219,200 | $316,900 |
| 2018 | $6,611 | $486,100 | $213,600 | $272,500 |
| 2017 | $6,020 | $421,600 | $185,800 | $235,800 |
| 2016 | $5,320 | $369,700 | $154,200 | $215,500 |
| 2015 | $5,216 | $369,700 | $154,200 | $215,500 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Blattberg
Seller's Agent in 2024
Gary Blattberg
RE/MAX
(978) 882-4469
7 in this area
119 Total Sales
-
Mike Cotraro
Buyer's Agent in 2024
Mike Cotraro
Buckley Realty Group, Inc.
(978) 337-6355
2 in this area
72 Total Sales
-
Victor Paulino
Seller's Agent in 2017
Victor Paulino
Engel & Volkers By the Sea
(351) 201-0258
5 in this area
54 Total Sales
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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