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Beverly 01915
2 Fayette St
$335,000
● House - Off Market

2 Fayette St

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,264 Ft²
$499,527
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

Charming three bedroom, one bathroom colonial close to train, beaches and the waterfront. The first floor features beautiful hardwood floors, a living room, office area and kitchen with stainless steel appliances. The second floor boasts three spacious bedrooms, and a full bath. The basement area offers room for recreational use as well as a laundry area. Step outside to a quaint fenced in yard, and enjoy the patio area while being close to all that downtown Beverly has to offer. First showings take place at commuter open house Thursday 8/31 5:00 to 7:00 and Saturday 9/2 10:30/12:30.
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$253
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1920

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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 #72220325)

Price History

Date / Event Date Event Price
Oct 18, 2017 Sold
Premium
Sold
Aug 29, 2017 Listed by J. Barrett & Company $320,000
Listed by J. Barrett & Company
Feb 14, 2014 Sold
Premium
Sold
Nov 1, 2013 Listed by J. Barrett & Company $247,500
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,052
  • Total Building Area: 1,244
  • Gross Building Area: 2,424
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000047
  • 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: 217402

Zoning

  • Zoning: CC

Geography

  • Account Number: CC
  • Parcel: BEVE M:0005 B:0028 L:
  • Block: 28
  • Municipality: BEVERLY
  • Latitude: 42.544
  • Longitude: -70.8826

    Address

  • Full Address: 2 Fayette St
  • Address - House Number: 2
  • Address - Street Name: Fayette
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C051
  • 4-Digit Zip Code: 4965
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $509,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 541,643
  • High Value: 639,481
  • Low Value: 443,805

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,500
  • Assessed Land Value: $259,400
  • Assessed Improvements Value: $194,100

    Sales

  • Current Sale Recording Date: Oct 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 182
  • Previous Sale Recording Date: Feb 14, 2014
  • Previous Sale Amount: $245,000
  • 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

$455

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3076 ft²

Average Home Age

85 years

Currently For Sale

63 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 months ago
Data Source: MLS PIN, MLS# 72220325

Frequently Asked Questions

When was property at 2 Fayette Street built and last sold?
The property at 2 Fayette Street was built in 1920 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 2 Fayette Street is $337,149.
What are some comparable homes to 2 Fayette Street?
There are currently no comparable homes to 2 Fayette Street.
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