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Beverly 01915
15 Morningside Dr.
Photo of 15 Morningside Dr.
Sold on Mar 30, 2007

1

Map

$430,000
● House - Off Market

15 Morningside Dr.

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,972 Ft²
$849,405
RealtyHop Estimate
88.76%
Since Apr 1, 2007
MA-Boston
Primary Model

About This Property

Move right into this clean and spacious 3-bedroom, 2.5-bath home located in a desirable North Beverly neighborhood minutes from downtown Beverly and Wenham.  Special features include 2 fireplaces, one in the main living room and another in the lower level family room to keep you warm all winter.  Situated at the end of a quiet cul-de-sac.  This home comes with a newly remodeled half bath, a screen-in deck and oversized 2-car garage.
Unit Size
1,972 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$228
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1988

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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 #70486985)

Price History

Date / Event Date Event Price
Mar 30, 2007 Sold
Premium
Sold
Nov 7, 2006 Listed $450,000
Listed
Apr 13, 2006 Sold
Premium
Sold
Jan 17, 2006 Listed $465,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,296
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,838
  • Total Building Area: 1,324
  • Gross Building Area: 2,836
  • Building Area: 1,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,324
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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: 217101

Zoning

  • Zoning: R22

Geography

  • Account Number: R22
  • Parcel: BEVE M:0093 B:071F L:
  • Block: 71F
  • Municipality: BEVERLY
  • Latitude: 42.5895
  • Longitude: -70.8752

    Address

  • Full Address: 15 Morningside Dr
  • Address - House Number: 15
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Beverly
  • Carrier Code: C018
  • 4-Digit Zip Code: 1269
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $752,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 728,547
  • High Value: 851,186
  • Low Value: 605,908

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $669,900
  • Assessed Land Value: $389,700
  • Assessed Improvements Value: $280,200

    Sales

  • Current Sale Recording Date: Mar 30, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 13, 2006
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: 27
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

3055 ft²

Average Home Age

82.7 years

Currently For Sale

64 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70486985

Frequently Asked Questions

When was property at 15 Morningside Drive built and last sold?
The property at 15 Morningside Drive was built in 1988 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 15 Morningside Drive is $481,775.
What are some comparable homes to 15 Morningside Drive?
There are currently no comparable homes to 15 Morningside Drive.
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