NOT LISTED FOR SALE

8 Prospect St Beverly, MA 01915

Downtown Beverly Neighborhood

Estimated Value: $774,000 - $1,000,000

4 Beds
2 Baths
1,875 Sq Ft
$459/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $780,000 $416 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,148/month

18 Days on Market

Highlights

  • Deck
  • Cooling Available
  • Laundry Room
  • Property is near public transit and schools
  • Park
  • Shops

About This Home

As of July 2023

Rarely Available, Newly Renovated 2 Family in Downtown Beverly with yard and Parking! Just move in and enjoy the new updates and area amenities! 1st floor 3 room, 1 bedroom unit white kitchen with island, gas stove, large tiled bath with soaker tub, washer and dryer in unit, forced hot air and central AC! 2nd unit 3 bedrooms on 2 levels! New hardwood floors, New kitchen with plenty of cabinets and open shelving, electric range, opens to back deck and large yard, new tiled bath and large vanity. Unit 2 has 5 ductless split systems for heat and AC.

Last Agent to Sell the Property

Silvana LoNano

Palmer Properties & Real Estate, Inc. Listed on: 05/25/2023

Last Buyer's Agent

Jared Freni

RE/MAX Andrew Realty Services

RE/MAX Andrew Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,612

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 4,775 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 1,875 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 4 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Schools

  • Briscoe Middle School
  • Beverly High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Deck
  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number M:0020 B:0379 L:,4184103
  • Tax Block 0379

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,612

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Year Built: 1900
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Hardwood Floors,Wood Flooring)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 2(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 2(Range)
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Unit 1 Laundry Room
  • Living Area: 1875
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4758
  • MAIN SO: AC2354

Exterior Features

  • Fencing: Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Central Air), Unit 2(Ductless Mini-Split System)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Ductless Mini-Split System)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0020 B:0379 L:,4184103
  • Zoning: R6
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4775
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6612
  • Tax Block: 0379

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Beverly High
  • Middle Or Junior School: Briscoe Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Jul 7, 2023
Sold by
Lonano Prop Holdings Llc
Bought by
Healey Patrick
Seller's Agent
Silvana LoNano
Palmer Properties & Real Estate, Inc.
Buyer's Agent
Jared Freni
RE/MAX Andrew Realty Services
List Price
$759,900
Sold Price
$780,000
Premium/Discount to List
$20,100
2.65%
Views
220
Current Estimated Value
$860,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,039
Avg. Annual Appreciation
3.92%
Original Mortgage
$691,900
Outstanding Balance
$673,284
Interest Rate
6.57%
Mortgage Type
FHA
Estimated Equity
$186,755

Purchase Details

Closed on
Sep 30, 2022
Sold by
Recka Jonathan S and Recka Lindsey
Bought by
Lonano Prop Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 7, 2021
Sold by
Wengenroth Raymond
Bought by
Recka Jonathan S and Recka Lindsey
Seller's Agent
Tracy Gothie
Churchill Properties
Buyer's Agent
Julie Tsakirgis
RE/MAX Property Shoppe, Inc.
List Price
$599,900
Sold Price
$599,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$479,920
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 17, 2017
Closed on
Nov 29, 2017
Sold by
Carroll 2Nd Edward H and Carroll Kristin M
Bought by
Wengenroth Raymond
Seller's Agent
Pierre Rumpf
PCR Realty
Buyer's Agent
Pierre Rumpf
PCR Realty
List Price
$419,900
Sold Price
$410,000
Premium/Discount to List
-$9,900
-2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$314,250
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 7, 2014
Sold by
Hayden James T
Bought by
Carroll 2Nd Edward H and Carroll Kristin M
Seller's Agent
Margaret Belmonte and Associates
RE/MAX Advantage Real Estate
Buyer's Agent
Pierre Rumpf
PCR Realty
List Price
$339,000
Sold Price
$330,000
Premium/Discount to List
-$9,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$313,500
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2002
Sold by
Hallinan Susan and Hallinan Christopher
Bought by
Hayden James T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1998
Sold by
Hernandez John E and Hernandez Michelle M
Bought by
Hallinan Susan and Hallinan Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1992
Sold by
Fed Natl Mtg Assn
Bought by
Hernandez John E and Hernandez Michelle

Purchase Details

Closed on
Apr 30, 1992
Sold by
Coppola Richard M
Bought by
Federal National Mortgage Association
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
Healey Patrick $780,000 None Available
Lonano Prop Holdings Llc $500,000 None Available
Recka Jonathan S $599,900 None Available
Wengenroth Raymond $410,000 --
Carroll 2Nd Edward H $330,000 --
Hayden James T $285,000 --
Hallinan Susan $161,000 --
Hernandez John E $76,900 --
Federal National Mortgage Association $171,496 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Healey Patrick $691,900
Previous Owner Lonano Prop Holdings Llc $525,000
Previous Owner Recka Jonathan S $479,920
Previous Owner Wengenroth Raymond $314,250
Previous Owner Federal National Mortgage Association $313,500
Previous Owner Federal National Mortgage Association $264,000
Previous Owner Federal National Mortgage Association $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2023 07/07/23 Sold $780,000 +2.6% $416 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $759,900 +26.7% $405 / Sq Ft
05/05/2021 05/05/21 Sold $599,900 0.0% $320 / Sq Ft View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $599,900 +46.3% $320 / Sq Ft
11/29/2017 11/29/17 Sold $410,000 -2.4% $219 / Sq Ft View Prior Sale
10/05/2017 10/05/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $419,900 0.0% $224 / Sq Ft
08/03/2017 08/03/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $419,900 +27.2% $224 / Sq Ft
08/07/2014 08/07/14 Sold $330,000 -2.7% $176 / Sq Ft View Prior Sale
07/08/2014 07/08/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $339,000 -- $181 / 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 $8,336 $758,500 $432,400 $326,100
2024 $7,895 $703,000 $376,900 $326,100
2023 $6,612 $587,200 $349,200 $238,000
2022 $6,237 $512,500 $275,300 $237,200
2021 $6,071 $478,000 $262,400 $215,600
2020 $5,780 $450,500 $238,400 $212,100
2019 $5,413 $409,800 $218,000 $191,800
2015 $4,432 $314,100 $153,400 $160,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Silvana LoNano

    Palmer Properties & Real Estate, Inc.

    Section Image
  • Jared Freni

    Buyer's Agent in 2023

    Jared Freni

    RE/MAX

    (781) 801-6982

    1 in this area

    37 Total Sales

    Jared Freni
    Section Image
  • Tracy Gothie

    Seller's Agent in 2021

    Tracy Gothie

    Churchill Properties

    (978) 335-0570

    1 in this area

    8 Total Sales

    Tracy Gothie
    Section Image
  • Julie Tsakirgis

    Buyer's Agent in 2021

    Julie Tsakirgis

    RE/MAX

    (617) 548-1784

    3 in this area

    126 Total Sales

    Julie Tsakirgis
    Section Image
  • Pierre Rumpf

    Seller's Agent in 2017

    Pierre Rumpf

    PCR Realty

    (978) 828-0050

    7 Total Sales

    Pierre Rumpf
    Section Image

  • M

    Seller's Agent in 2014

    Margaret Belmonte and Associates

    RE/MAX

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73116366

MLS Property Information Network (MLS PIN)

APN: BEVE M:0020 B:0379 L:

Massachusetts Essex County Beverly 01915 Downtown Beverly

8 Prospect St, Beverly, MA

Not Listed for Sale

MultiFamily

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