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Beverly 01915
16 Iverson Rd
$435,955
● House - Off Market

16 Iverson Rd

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,806 Ft²
$680,911
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

OPEN HOUSE #1, Sun 4/9, 12-2 pm!  Charming ranch in sought after Beverly Cove neighborhood.  One level living includes three bedrooms, spacious bath with tub & shower.  Large living room with fireplace, formal dining room and an updated kitchen complete the main level. Hardwood floors throughout, central a/c, and a full basement which includes a 19 x 11 finished family/recreation room.  Outside, there's a large wood deck perfect for entertaining and relaxing.  Level, fenced in yard also includes flowering trees and a storage shed.  Prime location with easy access to T-station (commuter rail to Boston) and Route 128. Close to shopping and schools, walking distance to parks, beaches and waterfront Lynch Park. This solid home could also be a candidate for expansion by adding a second story.
Unit Size
1,806 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$238
Property Type
House
Property Taxes
$426
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 #72141205)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Jul 20, 2021 Listed by Keller Williams Realty Evolution $599,900
Listed by Keller Williams Realty Evolution
May 31, 2017 Sold
Premium
Sold
Apr 5, 2017 Listed by Keller Williams Realty Evolution $429,900
Listed by Keller Williams Realty Evolution
Jan 4, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,204
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,204
  • Gross Building Area: 2,826
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 217500

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0022 B:0105 L:
  • Block: 105
  • Municipality: BEVERLY
  • Latitude: 42.5571
  • Longitude: -70.8627

    Address

  • Full Address: 16 Iverson Rd
  • Address - House Number: 16
  • Address - Street Name: Iverson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C037
  • 4-Digit Zip Code: 3718
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $777,600

    Appraisal Valuation

  • Standard Deviation: 0.1544
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 852,479
  • High Value: 984,123
  • Low Value: 720,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $692,400
  • Assessed Land Value: $380,500
  • Assessed Improvements Value: $311,900

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211001004210
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Amount: $435,955
  • 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

3016 ft²

Average Home Age

91.2 years

Currently For Sale

57 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72141205

Frequently Asked Questions

When was property at 16 Iverson Road built and last sold?
The property at 16 Iverson Road was built in 1950 and last sold on Oct 1, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 16 Iverson Road is $608,578.
What are some comparable homes to 16 Iverson Road?
There are currently no comparable homes to 16 Iverson Road.
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