NOT LISTED FOR SALE

559 Cabot St Beverly, MA 01915

North Beverly Neighborhood
5 Beds
5 Baths
3,287 Sq Ft
0.31 Acres

Last Sold September 22, 2021

Last sale price $914,500 $278 Per Sq Ft

15 Days on Market

Highlights

  • Golf Course Community
  • Waterfront
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • Shops

About This Home

As of September 2021

Excellent opportunity for owner occupied or investor. Well cared for 4 Family located in North Beverly. Exceptional parking includes 2 car garage plus numerous paved spaces. Owned by the same family for 70 years. 2 bedrooms on the 1st floor. 2nd and 3rd floors feature 1 bedroom units that are currently vacant. Rents have been below market. Don't miss out on this fantastic opportunity! Showings begin at Open Houses Saturday 7/17 10:30AM-12:00PM and Sunday 7/18 12:30PM-2:00PM by appointment. Please call/text/email to schedule a time.** Masks required in 1st floor** Offers due Tuesday 7/20 by 5:00PM. Include Preapproval/Proof of Funds, copy of 1st deposit and lead form. Allow 48 hours for response.

Last Agent to Sell the Property

Ann Long

Coldwell Banker Realty - Beverly Listed on: 07/15/2021

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Crowell & Frost Realty Group

J. Barrett & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,611

Year Built

  • Built in 1930

Lot Details

  • 0.31 Acre Lot
  • Waterfront
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,287 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • 200+ Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,375
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:0054 B:0162 L:,4188502

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community

Building Details

  • Electric Expense $200
  • Insurance Expense $2,800
  • Water Sewer Expense $1,430
  • Operating Expense $12,501
  • Net Operating Income $41,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,611

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1930
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet
  • Fireplace YN: No
  • Appliances: Unit 1(Dishwasher,Disposal,Countertop Range,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 3(Range,Disposal,Refrigerator), Unit 4(Range,Disposal,Refrigerator,Washer,Dryer), Gas Water Heater
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full
  • Living Area: 3287
  • Stories Total: 8
  • MAIN LO: AN6181
  • MAIN SO: C95243

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Radiators,Gas), Unit 3(Hot Water Radiators,Gas), Unit 4(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)

Fee Information

  • Water Sewer Expenses: 1430

Lot Info

  • Parcel Number: M:0054 B:0162 L:,4188502
  • Zoning: R10
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13503.6
  • Lot Size Units: Acres
  • LOT SIZE: 13695

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8611

Multi Family

  • Electric Expense: 200
  • Insurance Expense: 2800
  • Net Operating Income: 41700
  • Number Of Units Total: 4
  • Operating Expense: 12501
  • Total Actual Rent: 1375
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
09/22/2021 09/22/21 Sold $914,500 +2.9% $278 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $889,000 -- $270 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ann Long

    Seller's Agent in 2021

    Ann Long

    Coldwell Banker Realty - Beverly

    (978) 852-1436

    2 in this area

    31 Total Sales

    Ann Long
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72865878

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Beverly 01915 North Beverly

559 Cabot St, Beverly, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) 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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