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Beverly 01915
2 Nelwood Terrace
$373,000
● House - Off Market

2 Nelwood Terrace

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,603 Ft²
$690,463
RealtyHop Estimate
81.75%
Since Mar 1, 2015
MA-Boston
Primary Model

About This Property

Wonderful updated 3 bedroom Colonial featuring a modern open floor plan, pretty granite and stainless kitchen, fire placed living room, shining hardwood floors and Central Air!  The second floor is warm and roomy with high ceilings, new Berber carpeting and an over sized full bath.  The Master bedroom features a huge walk in closet that will not disappoint!  This lovely home is sited perfectly on a great level corner lot.  The fenced back yard and patio are surprisingly private and wonderful for entertaining, play, pets, gardening or just relaxing!  All of this is within minutes to downtown Beverly, the Waterfront, Commuter Rail and Route 128!!  Living is easy here!
Unit Size
1,603 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$237
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1946

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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 #71757136)

Price History

Date / Event Date Event Price
Feb 13, 2015 Sold
Premium
Sold
Oct 15, 2014 Listed by Coldwell Banker Residential Brokerage - Manchester $379,900
Listed by Coldwell Banker Residential Brokerage - Manchester
Mar 26, 2013 Sold
Premium
Sold
Oct 11, 2012 Listed by Coldwell Banker Residential Brokerage - Manchester $347,400
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 737
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,036
  • Total Building Area: 1,603
  • Gross Building Area: 3,004
  • Building Area: 1,603
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,603
  • 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:0043 B:0016 L:
  • Block: 16
  • Municipality: BEVERLY
  • Latitude: 42.5685
  • Longitude: -70.876

    Address

  • Full Address: 2 Nelwood Ter
  • Address - House Number: 2
  • Address - Street Name: Nelwood
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Beverly
  • Carrier Code: C014
  • 4-Digit Zip Code: 2708
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $697,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 724,689
  • High Value: 851,538
  • Low Value: 597,840

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,000
  • Assessed Land Value: $368,700
  • Assessed Improvements Value: $252,300

    Sales

  • Current Sale Recording Date: Feb 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21300168
  • Previous Sale Recording Date: Mar 26, 2013
  • Previous Sale Amount: $340,000
  • 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

$459

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3272 ft²

Average Home Age

78.6 years

Currently For Sale

60 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: 5 months ago
Data Source: MLS PIN, MLS# 71757136

Frequently Asked Questions

When was property at 2 Nelwood Terrace built and last sold?
The property at 2 Nelwood Terrace was built in 1946 and last sold on Jan 1, 1970 for $373,000.
How much is this home worth?
The estimated value of the home located at 2 Nelwood Terrace is $400,045.
What are some comparable homes to 2 Nelwood Terrace?
There are currently no comparable homes to 2 Nelwood Terrace.
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