NOT LISTED FOR SALE

Estimated Value: $2,667,395 - $4,634,000

1.83 Acres
$1,883,314 Price per Acre
79,715 Sq Ft Lot

Last Sold October 28, 2024

Last sale price $4,787,500

Est. 28% decrease in value since last sale

Current estimated payment $20,237/month

148 Days on Market

Highlights

  • Private Waterfront
  • Ocean View
  • Medical Services
  • Marina
  • Private Water Access
  • 1-minute walk to West Beach

About This Lot

As of October 2024

Waterfront/Beach/New Construction –NEW PRICE! Seize this rare opportunity to purchase a 1.83 acre waterfront building lot on Boston’s North Shore Gold coast, including 228 ft of a privately owned section of white sandy WEST BEACH, situated in a private enclave of magnificent waterfront homes. Enjoy the intimacy and splendor of the majestic ocean with its ever-changing, ebbing tides and colorful skies. Elevated above the beach, the land affords superb and immediate views of the many offshore islands, including Misery Island, and Marblehead. The property has an approved building plan and foundation for a luxurious 17000 sf Shingle style home with infinity pool. The owner will remove the foundation if a different custom home is desired. There is a 2000 lb. deep water mooring included. Located just 1/4 mile from the charming village of Beverly Farms, with cafe's, local shopping, and Beverly Farms train service to Boston.

Last Agent to Sell the Property

Robin Martyn

Churchill Properties Listed on: 04/19/2024

Last Buyer's Agent

Monte Marrocco

Coldwell Banker Realty - Lexington

Coldwell Banker Realty - Lexington

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $27,396

Lot Details

  • 1.83 Acre Lot
  • Private Waterfront
  • Property fronts a private road
  • Elevated Lot
  • Level Lot
  • Cleared Lot
  • Development of the land is complete
  • Property is zoned R45

Property Views

  • Ocean
  • Scenic Vista

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number 4186750

Community Details

Overview

  • No Home Owners Association
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Private Water Access
  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$27,396

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • MAIN LO: AN4851
  • MAIN SO: AN6181

Exterior Features

  • Home Warranty YN: No
  • Road Frontage Type: Private Road
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Waterfront, Beach Front, Ocean, Frontage, Access, Private, Direct Access, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
  • Waterfront YN: Yes
  • Waterview Flag: Yes

Utilities

  • Sewer: At Street
  • Gas: At Street
  • Electric: At Street
  • Water Source: At Street

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4186750
  • Zoning: R45
  • Additional Parcels YN: No
  • Development Status: Finish Graded
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Level, Elevated, Cleared
  • Lot Size Acres: 1.83
  • Lot Size Sq Ft: 79750
  • Lot Size Units: Acres
  • Number Of Lots: 1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 27396

Multi Family

  • Waterview: Ocean, Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Oct 28, 2024
Sold by
West Street Rt and Wile
Bought by
63 West Street Llc
Seller's Agent
Robin Martyn
Churchill Properties
Buyer's Agent
Monte Marrocco
Coldwell Banker Realty - Lexington
List Price
$4,950,000
Sold Price
$4,787,500
Premium/Discount to List
-$162,500
-3.28%
Views
93
Current Estimated Value
$3,446,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,341,035
Avg. Annual Appreciation
-24.13%
Original Mortgage
$10,550,000
Outstanding Balance
$10,446,546
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$7,000,081
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
63 West Street Llc $4,787,500 None Available
63 West Street Llc $4,787,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 63 West Street Llc $10,550,000
Closed 63 West Street Llc $10,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $4,787,500 -3.3% --
09/15/2024 09/15/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $4,950,000 -- --
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 $26,810 $2,439,500 $2,341,500 $98,000
2024 $27,396 $2,439,500 $2,341,500 $98,000
2023 $11,636 $1,033,400 $1,033,400 $0
2022 $11,689 $960,500 $960,500 $0
2021 $11,650 $917,300 $917,300 $0
2020 $11,238 $875,900 $875,900 $0
2019 $11,571 $875,900 $875,900 $0
2018 $11,912 $875,900 $875,900 $0
2017 $12,251 $857,900 $857,900 $0
2016 $12,345 $857,900 $857,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73226238

MLS Property Information Network (MLS PIN)

APN: BEVE M:0083 B:0001 L: