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Marblehead 01945
1 Beverly Ave
$565,000
● House - Off Market

1 Beverly Ave

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,841 Ft²
$566,479
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this charming cape featuring 4 bedrooms and 2 baths. Two bedrooms on the first floor. One bedroom could be used as a den or office. Living room with hardwood floors and fireplace. Dining area is open to the kitchen & living room. There is a little pantry cupbard. Nice hardwood floors. Back door leads to a small deck. There is a stunning 50 year old magnolia tree located in the side yard. One car garage. Corner lot. This is an estate sale and the home is being sold "as is".  Buyer to do their due diligence. The home needs work but is a nice house in a great location. It's just a short distance to schools, bike path, park, Village Street dock and Salem Harbor.  Any offers need to give 48 hours for response time due to the estate sale.
Unit Size
1,841 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$299
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73057740)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Nov 11, 2022 Listed by Coldwell Banker Realty - Marblehead $549,900
Listed by Coldwell Banker Realty - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 392
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,520
  • Total Building Area: 1,841
  • Gross Building Area: 2,744
  • Building Area: 1,841
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,841
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0120 B:0011 L:0
  • Block: 11
  • Municipality: MARBLEHEAD
  • Latitude: 42.5054
  • Longitude: -70.8674

    Address

  • Full Address: 1 Beverly Ave
  • Address - House Number: 1
  • Address - Street Name: Beverly
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1303
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1724
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 712,347
  • High Value: 835,182
  • Low Value: 589,511

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,100
  • Assessed Land Value: $469,200
  • Assessed Improvements Value: $151,900

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230303002110
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marblehead

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73057740

Frequently Asked Questions

When was property at 1 Beverly Avenue built and last sold?
The property at 1 Beverly Avenue was built in 1950 and last sold on Mar 3, 2023 for $565,000.
How much is this home worth?
The estimated value of the home located at 1 Beverly Avenue is $583,151.
What are some comparable homes to 1 Beverly Avenue?
There are currently no comparable homes to 1 Beverly Avenue.
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