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Beverly 01915
1 Porter Ter
$530,000
● House - Off Market

1 Porter Ter

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,256 Ft²
$536,841
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Come check out this amazing 2 bedroom single family with tons to offer! Over 1,200 sq/ft of living space, bonus sun room/office space off the kitchen, great living space layout, huge deck, patio area, & yard. LOCATION,LOCATION,LOCATION - Corner lot on a quiet street 1 block from the ocean! Hardwood floors throughout, update full bath, tons of storage in basement & garage all for under $500k. This is a must see & is the perfect home for anybody looking to get out from renting & into home ownership! This property is turn key as is but also has a TON of potential! Come see this today and put your personal touches on it to make it yours! Easy to maintain Vinyl Windows, Vinyl Siding, Vinyl Front Fencing & composite decking. Make sure you check out the 3D walk through tour!
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$398
Property Type
House
Property Taxes
$428
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 #73055684)

Price History

Date / Event Date Event Price
Jan 13, 2023 Sold
Premium
Sold
Nov 16, 2022 In contract -
In contract
Nov 5, 2022 Listed by RyVal Homes $499,900
Listed by RyVal Homes
Jul 6, 2017 Sold
Premium
Sold
May 3, 2017 Listed by RyVal Homes $309,651
Listed by RyVal Homes
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 631
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,024
  • Total Building Area: 1,256
  • Gross Building Area: 2,257
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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:0009 B:0381 L:
  • Block: 381
  • Municipality: BEVERLY
  • Latitude: 42.5481
  • Longitude: -70.8955

    Address

  • Full Address: 1 Porter Ter
  • Address - House Number: 1
  • Address - Street Name: Porter
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4021
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $559,800

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 591,000
  • High Value: 694,448
  • Low Value: 487,552

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $498,500
  • Assessed Land Value: $327,400
  • Assessed Improvements Value: $171,100

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230113003160
  • Previous Sale Recording Date: Jul 06, 2017
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: O
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:

$749,450

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2981 ft²

Average Home Age

86.4 years

Currently For Sale

53 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: 4 months ago
Data Source: MLS PIN, MLS# 73055684

Frequently Asked Questions

When was property at 1 Porter Terrace built and last sold?
The property at 1 Porter Terrace was built in 1950 and last sold on Jan 13, 2023 for $530,000.
How much is this home worth?
The estimated value of the home located at 1 Porter Terrace is $504,084.
What are some comparable homes to 1 Porter Terrace?
There are currently no comparable homes to 1 Porter Terrace.
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