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$329,000
● Condo - Off Market

103 Elliott #8

Beverly, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
710 Ft²
$333,509
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

This clean and bright 2nd floor one bedroom unit is located in the Heart of Downtown with easy walking access to the Cummings Center, Train, Shopping, Beach and Upscale Restaurants! Unit has hardwood floors, recessed lighting, central air, heat/cooling by Nest Thermostat, washer/dryer, elevator access and a huge private 14X9 storage locker and one deeded parking space. Very convenient to major commuter routes and pet friendly!
Unit Size
710 Ft²
Days on Market
-
Land Size
-
Price per sqft
$463
Property Type
Condo
Property Taxes
$249
HOA Dues
$288
Year Built
-

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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 #72945416)

Price History

Date / Event Date Event Price
Apr 14, 2022 Sold
Premium
Sold
Feb 23, 2022 Listed by RE/MAX 360 $329,000
Listed by RE/MAX 360

Property Highlights

Air Conditioning
Interior Details
Level: First
Width: 10.2
Length: 14.5
Features: Dining Area
Area: 147.899999
Area: 52.8
Features: Flooring - Stone/Ceramic Tile
Length: 6
Level: First
Width: 8.8
Length: 16
Level: First
Area: 224
Features: Flooring - Hardwood, Open Floorplan, Recessed Lighting
Width: 14
Features: Ceiling Fan(s), Flooring - Hardwood
Level: First
Length: 11.9
Width: 12.6
Area: 149.94
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Electric Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Tile, Laminate, Hardwood
Laundry Features: In Unit
Rooms: 3
Basement: N
Parking Details
Parking Features: Deeded
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: The Oasis Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: CC
Parcel Number: 4504609
Water Source: Public
Financial Details
Tax Map Number: 20
Tax Assessed Value: $245,400
Tax Annual Amount: $2,987
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $288
Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72945416
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