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Beverly 01915
2 Chase Terrace
$415,000
● House - Off Market

2 Chase Terrace

Beverly, MA 01915
bedrooms
1 Bed
bathrooms
1 Bath
square feet
540 Ft²
$2,273
Est. Monthly

About This Property

Absolutely adorable, cozy and modern one bedroom cottage, nestled in a desirable seaside neighborhood. This tiny home is the perfect condo alternative, investment property or Airbnb. Enjoy easy living in this light and bright open concept living room, dining area and kitchen space.  The kitchen is full size, and boasts ample cabinets, SS appliances, gas cooking and island.  Warm wood original floors and a picture window cast warmth and natural light over the living space. A good size bedroom with 2 closet areas, completes the layout. Washer and dryer on main level of the home, 2 driveways, full gut renovation in 2019 and a zero-maintenance yard add to value. Conveniently located to Obear Park, Beverly harbor, Commuter Rail, shopping and restaurants.
Unit Size
540 Ft²
Days on Market
-
Land Size
-
Price per sqft
$739
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1910

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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 #73196153)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Premium
Sold
Jan 29, 2024 In contract -
In contract
Jan 24, 2024 Listed by Lyv Realty $399,000
Listed by Lyv Realty
Sep 12, 2019 Sold
Premium
Sold
Aug 2, 2019 Listed by Lyv Realty $189,000
Listed by Lyv Realty
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 336
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,507
  • Total Building Area: 540
  • Gross Building Area: 960
  • Building Area: 540
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 540
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000035
  • 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
  • District: 30
  • Parcel: BEVE M:0003 B:0094 L:
  • Block: 94
  • Municipality: BEVERLY
  • Latitude: 42.5443
  • Longitude: -70.8945

    Address

  • Full Address: 2 Chase Ter
  • Address - House Number: 2
  • Address - Street Name: Chase
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4111
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $391,800

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 412,946
  • High Value: 446,100
  • Low Value: 379,791

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $348,900
  • Assessed Land Value: $222,500
  • Assessed Improvements Value: $126,400

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240216002220
  • Previous Sale Recording Date: Sep 12, 2019
  • Previous Sale Contract Date: Sep 09, 2019
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: 54
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

2924 ft²

Average Home Age

88.2 years

Currently For Sale

55 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: 4 months ago
Data Source: MLS PIN, MLS# 73196153

Frequently Asked Questions

When was property at 2 Chase Terrace built and last sold?
The property at 2 Chase Terrace was built in 1910 and last sold on Feb 16, 2024 for $415,000.
How much is this home worth?
The estimated value of the home located at 2 Chase Terrace is $384,717.
What are some comparable homes to 2 Chase Terrace?
There are currently no comparable homes to 2 Chase Terrace.
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