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Beverly 01915
18 Porter Ter
$462,000
● House - Off Market

18 Porter Ter

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,044 Ft²
$539,623
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

It's all about location, location, location!  Fantastic opportunity to build equity in this highly desired,  cape style home.  Excellent location with ocean views close  to Obear park and Salters point! Enjoy this quiet neighborhood, fully fenced in back yard, and more! Perfect opportunity awaits!  This  Cozy Cape style home featuring 7 rooms, 4 bedrooms, 1 full bath , on nice fenced in back yard!  First floor features kitchen, dining room, living room , 2 bedrooms, full bath.  The second floor features two bedrooms.  First showings at open house Friday 9/3 from 5-630pm and Saturday from 11-1230pm.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$455
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1952

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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 years ago (MLSPIN #72888168)

Price History

Date / Event Date Event Price
Oct 20, 2021 Sold
Premium
Sold
Aug 30, 2021 Listed by Churchill Properties $475,000
Listed by Churchill Properties

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,044
  • Gross Building Area: 2,298
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0003 B:0033 L:
  • Block: 33
  • Municipality: BEVERLY
  • Latitude: 42.5471
  • Longitude: -70.8963

    Address

  • Full Address: 18 Porter Ter
  • Address - House Number: 18
  • Address - Street Name: Porter
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4022
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $545,100

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 564,158
  • High Value: 666,063
  • Low Value: 462,253

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $485,400
  • Assessed Land Value: $325,600
  • Assessed Improvements Value: $159,800

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211020002890
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:

$749,450

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2981 ft²

Average Home Age

86.4 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72888168

Frequently Asked Questions

When was property at 18 Porter Terrace built and last sold?
The property at 18 Porter Terrace was built in 1952 and last sold on Oct 20, 2021 for $462,000.
How much is this home worth?
The estimated value of the home located at 18 Porter Terrace is $0.
What are some comparable homes to 18 Porter Terrace?
There are currently no comparable homes to 18 Porter Terrace.
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