NOT LISTED FOR SALE

Estimated Value: $886,933 - $958,000

8 Beds
2 Baths
3,453 Sq Ft
$270/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $765,000 $222 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,899/month

4 Days on Market

About This Home

As of June 2022

This oversized two-family is ideally located in downtown Beverly with close proximity to public transportation, Beverly Depot and easy access to many major routes, restaurants and shopping. This property could provide the ability to increase rents through strategic renovations and stabilization. Tenants are responsible for their own separately meter utilities. This two-family consists of two townhome style duplex boosting 4 bedrooms, 1 bathroom with off-street parking for both units.

Last Listed By

Dan Pouladian

North Shore Realty Advisors Listed on: 04/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,549

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 3,453 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking

Utilities

  • 2 Heating Zones
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,500

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,192
  • Water Sewer Expense $1,069
  • Operating Expense $2,261
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,549

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1919
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 8
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 3453
  • Stories Total: 4
  • MAIN LO: AN7007
  • LIST PRICE PER Sq Ft: 217.2
  • PRICE PER Sq Ft: 221.55
  • MAIN SO: AN7007

Exterior Features

  • Foundation Details: Stone
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Fee Information

  • Water Sewer Expenses: 1069

Lot Info

  • Zoning: CN
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3484.8
  • Lot Size Units: Acres
  • LOT SIZE: 3680
  • PAGE: 557

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7549
  • Tax Book Number: 12512

Multi Family

  • Gross Income: 54000
  • Insurance Expense: 1192
  • Net Operating Income: 54000
  • Number Of Units Total: 2
  • Operating Expense: 2261
  • Total Actual Rent: 4500
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Average Value
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Sold Price
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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 Change Sq Ft Price
06/03/2022 06/03/22 Sold $765,000 +2.0% $222 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $750,000 -- $217 / 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 $8,757 $796,800 $354,500 $442,300
2024 $8,226 $732,500 $290,200 $442,300
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 72968962

MLS Property Information Network (MLS PIN)

APN: BEVE-000020-000069