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Beverly 01915
15 Leather Lane
$695,000
● House - Off Market

15 Leather Lane

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,533 Ft²
$1,084,276
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

On a wooded, private lane in a tranquil, verdant setting, this classic, shingled gambrel sits on 7 rolling acres. Built with an appreciation for nature, this secluded residence and guest cottage await your vision. This property is being sold "as is" and will require renovation.  Plentiful windows provide ample opportunities to bring the beauty and wildlife of the surrounding landscape inside. The home's notable features include a spacious kitchen, hardwood floors, and a finished basement with rustic stone fireplace. This is a rare opportunity to secure an estate setting in Beverly Farms.
Unit Size
2,533 Ft²
Days on Market
-
Land Size
7.63 acres
Price per sqft
$274
Property Type
House
Property Taxes
$693
HOA Dues
-
Year Built
1886

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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 #72238336)

Price History

Date / Event Date Event Price
Dec 28, 2017 Sold
Premium
Sold
Oct 4, 2017 Listed by By The Sea Sotheby's International Realty $695,000
Listed by By The Sea Sotheby's International Realty

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1886
  • Effective Year Built: 1886
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 896
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 332,367
  • Total Building Area: 2,085
  • Gross Building Area: 3,391
  • Building Area: 2,085
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,085
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007630
  • 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: 217602

Zoning

  • Zoning: R90

Geography

  • Account Number: R90
  • Parcel: BEVE M:0063 B:0021 L:
  • Block: 21
  • Municipality: BEVERLY
  • Latitude: 42.5705
  • Longitude: -70.8016

    Address

  • Full Address: 15 Leather Ln
  • Address - House Number: 15
  • Address - Street Name: Leather
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C034
  • 4-Digit Zip Code: 2219
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $794,400

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 1,031,115
  • High Value: 1,238,229
  • Low Value: 824,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $707,400
  • Assessed Land Value: $525,100
  • Assessed Improvements Value: $182,300

    Sales

  • Current Sale Recording Date: Dec 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171228001250
  • Previous Sale Recording Date: Dec 28, 2017
  • Previous Sale Amount: $695,000
  • 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:

$749,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2973 ft²

Average Home Age

88.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72238336

Frequently Asked Questions

When was property at 15 Leather Lane built and last sold?
The property at 15 Leather Lane was built in 1886 and last sold on Jan 1, 1970 for $695,000.
How much is this home worth?
The estimated value of the home located at 15 Leather Lane is $728,479.
What are some comparable homes to 15 Leather Lane?
There are currently no comparable homes to 15 Leather Lane.
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