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Beverly 01915
149 Mckay Street
$550,000
● House - Off Market

149 Mckay Street

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$3,194
Est. Monthly

About This Property

Move in Ready! Freshly cleaned and delivered vacant. This double parcel has a 1949 bungalow and oversized detached garage. Located directly across from the Beverly Golf & Tennis Club! This location offers easy access to all central highways and routes of travel including the commuter line. There is endless potential both inside and out of this charming New England cottage. Original hardwood floors and partially finished lower level with private entrance includes an office or bedroom and extra space for exercise, workbench, storage or laundry. The large property allows you ample room for privacy and gardening and has a 2 car garage with plenty of additional off-street parking. Bring your fresh vision to this unique home! See virtual tour to see the amount of living space available to finish.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$443
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1949

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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 months ago (MLSPIN #73225296)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Aug 22, 2024 In contract -
In contract
Jul 30, 2024 Relisted $550,000
Relisted
Apr 17, 2024 Listed by Engel & Volkers By the Sea $550,000
Listed by Engel & Volkers By the Sea

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 896
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,872
  • Total Building Area: 1,242
  • Gross Building Area: 3,161
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BASS RIVER LAND CO
  • Land Acres: 0000000135
  • 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: 217300

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0041 B:0068 L:
  • Block: 68
  • Municipality: BEVERLY
  • Latitude: 42.5663
  • Longitude: -70.8938

    Address

  • Full Address: 149 Mckay St
  • Address - House Number: 149
  • Address - Street Name: Mckay
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C041
  • 4-Digit Zip Code: 2568
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $555,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 588,305
  • High Value: 681,231
  • Low Value: 495,380

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,600
  • Assessed Land Value: $325,300
  • Assessed Improvements Value: $169,300
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

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3118 ft²

Average Home Age

84.5 years

Currently For Sale

61 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

Currently no nearby rentals
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73225296

Frequently Asked Questions

When was property at 149 McKay Street built and last sold?
The property at 149 McKay Street was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 149 McKay Street is $651,767.
What are some comparable homes to 149 McKay Street?
There are currently no comparable homes to 149 McKay Street.
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