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Beverly 01915
2 Penny Lane
$1,060,000
● House - Off Market

2 Penny Lane

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,550 Ft²
$1,320,192
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

The one you've been waiting for in the Cove. Wonderful newer Colonial on a level fenced corner lot located in a cul-de-sac neighborhood. Built with many upgrades including granite custom kitchen, crown molding, and hardwood throughout with a open floor plan. A perfect blend of bedroom space and living space, there is also room to expand in the basement and/or walk-up attic.  The primary bedroom suite boasts a sitting area, enormous closet, gas fireplace and marble master bath. The newly added maintenance free deck and professional landscaping make the backyard the perfect place for relaxing and entertaining. Close proximity to beaches, parks, commuter rail and downtown Beverly restaurants and shops. Showings are by appointment during the open house times of Saturday 1-4pm and Sunday 9-11am.
Unit Size
3,550 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$276
Property Type
House
Property Taxes
$874
HOA Dues
-
Year Built
2010

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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 #72675863)

Price History

Date / Event Date Event Price
Jul 27, 2020 Sold
Premium
Sold
Jun 17, 2020 Listed by Keller Williams Realty Evolution $979,000
Listed by Keller Williams Realty Evolution
Mar 7, 2019 Sold
Premium
Sold
Dec 25, 2018 Listed by Keller Williams Realty Evolution $889,000
Listed by Keller Williams Realty Evolution
Apr 28, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 0
  • 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: 1,383
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,067
  • Total Building Area: 3,333
  • Gross Building Area: 7,093
  • Building Area: 3,333
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,333
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALE STREET REALTY TRUST
  • Land Acres: 0000000231
  • 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: 217500

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0013 B:0010 L:
  • Block: 10
  • Municipality: BEVERLY
  • Latitude: 42.5514
  • Longitude: -70.864

    Address

  • Full Address: 2 Penny Ln
  • Address - House Number: 2
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C007
  • 4-Digit Zip Code: 3859
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,215,300

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,336,178
  • High Value: 1,563,414
  • Low Value: 1,108,941

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,082,200
  • Assessed Land Value: $476,500
  • Assessed Improvements Value: $605,700

    Sales

  • Current Sale Contract Date: Jun 20, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200727003540
  • Previous Sale Recording Date: Mar 07, 2019
  • Previous Sale Contract Date: Mar 01, 2019
  • Previous Sale Amount: $912,000
  • 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

$452

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3016 ft²

Average Home Age

91.2 years

Currently For Sale

57 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72675863

Frequently Asked Questions

When was property at 2 Penny Lane built and last sold?
The property at 2 Penny Lane was built in 2010 and last sold on Jun 20, 2020 for $1,060,000.
How much is this home worth?
The estimated value of the home located at 2 Penny Lane is $1,022,846.
What are some comparable homes to 2 Penny Lane?
There are currently no comparable homes to 2 Penny Lane.
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