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Beverly 01915
1 Fosters Point
$550,000
● House - Off Market

1 Fosters Point

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,512 Ft²
$680,397
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Buyer had cold feet.  Now is your second chance to grab this great property. Stunning lot, location and just beautiful unobstructed ocean views!  Renovate, remodel or re-build your own seaside home!  Over 1/4 acre of a LEVEL CORNER LOT. Check out what the neighbors are doing with their homes. Wake up to amazing water views and ocean scent everyday. Selling as is. Right of way for water access and to Bailey Beach.  Property has two parking areas, public small boat launch across street. Moring availability and application are in documents. Flood Ins. required, currently there is none.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$396
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1906

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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: 5 years ago (MLSPIN #72851827)

Price History

Date / Event Date Event Price
Sep 9, 2021 Sold
Premium
Sold
Jun 17, 2021 Listed by J. Barrett & Company $599,000
Listed by J. Barrett & Company

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,774
  • Total Building Area: 1,524
  • Gross Building Area: 1,959
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Beverly School District
  • School Tax School District: BEVERLY SD
  • Census Tract: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0008 B:0024 L:
  • Block: 24
  • Municipality: BEVERLY
  • Latitude: 42.5481
  • Longitude: -70.9095

    Address

  • Full Address: 1 Fosters Pt
  • Address - House Number: 1
  • Address - Street Name: Fosters
  • Address - Suffix Type: Pt
  • State: MA
  • City Name: Beverly
  • Carrier Code: C023
  • 4-Digit Zip Code: 3900
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $745,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 640,278
  • High Value: 752,352
  • Low Value: 528,205

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $663,700
  • Assessed Land Value: $388,200
  • Assessed Improvements Value: $275,500

    Sales

  • Current Sale Contract Date: Sep 08, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210909000450
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 Beverly

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3091 ft²

Average Home Age

79.5 years

Currently For Sale

69 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72851827

Frequently Asked Questions

When was property at 1 Fosters Point built and last sold?
The property at 1 Fosters Point was built in 1906 and last sold on Sep 8, 2021 for $550,000.
How much is this home worth?
The estimated value of the home located at 1 Fosters Point is $606,987.
What are some comparable homes to 1 Fosters Point?
There are currently no comparable homes to 1 Fosters Point.
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