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Beverly 01915
16 Michael Road
Photo of 16 Michael Road
Sold on Jun 30, 2006

1

Map

$492,550
● House - Off Market

16 Michael Road

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,879 Ft²
$880,552
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

Outstanding large ranch in desirable, North Beverly neighborhood featuring a fabulous totally new kitchen, hardwood floors, central air, 2 car garage, terrific backyard, spacious rooms, newer systems, 2 oil tanks for cost saving fill ups, large finished basement with cedar closets, and bath with shower and more!  Fantastic one level living with additional 1500+- sq ft of living space in lower level with many custom features!  ALL YOU ARE LOOKING FOR IN ONE OUTSTANDING PROPERTY!
Unit Size
1,879 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$260
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1958

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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: 6 months ago (MLSPIN #70352597)

Price History

Date / Event Date Event Price
Jun 30, 2006 Sold
Premium
Sold
Mar 23, 2006 Listed $489,000
Listed
Aug 26, 1991 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,870
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,870
  • Gross Building Area: 4,239
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0081 B:0139 L:
  • Block: 139
  • Municipality: BEVERLY
  • Latitude: 42.5833
  • Longitude: -70.8778

    Address

  • Full Address: 16 Michael Rd
  • Address - House Number: 16
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C020
  • 4-Digit Zip Code: 1219
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $760,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 760,618
  • High Value: 880,761
  • Low Value: 640,475

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $677,100
  • Assessed Land Value: $374,300
  • Assessed Improvements Value: $302,800

    Sales

  • Current Sale Recording Date: Feb 23, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 22300187
  • Previous Sale Recording Date: Aug 26, 1991
  • Previous Sale Amount: $175,500
  • 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

$457

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3159 ft²

Average Home Age

76 years

Currently For Sale

58 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: 6 months ago
Data Source: MLS PIN, MLS# 70352597

Frequently Asked Questions

When was property at 16 Michael Road built and last sold?
The property at 16 Michael Road was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Michael Road is $513,598.
What are some comparable homes to 16 Michael Road?
There are currently no comparable homes to 16 Michael Road.
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