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Beverly 01915
2 Shortell Ave
$465,000
● House - Off Market

2 Shortell Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,280 Ft²
$499,362
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Enjoy water views and sunsets from your home office and bedroom in this lovely Ryal Side home! This charming neighborhood features a launch for kayaks and paddle boards and is minutes from the restaurants & shopping of Downtown Beverly, as well as quick commuter rail & highway access. Stainless steel appliances in the kitchen, with french doors leading to the deck and backyard. New roof on the garage, a newer water heater, and maintenance-free aluminum siding. An excellent place to be part of this amazing seaside city. Open House Saturday 1:30-3pm and Sunday 12:30-2pm.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$363
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1900

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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 #73060635)

Price History

Date / Event Date Event Price
Jan 12, 2023 Sold
Premium
Sold
Nov 30, 2022 In contract -
In contract
Nov 25, 2022 Listed by Keller Williams Realty Evolution $465,000
Listed by Keller Williams Realty Evolution
Oct 17, 2008 Sold
Premium
Sold
Mar 18, 2008 Listed by Keller Williams Realty Evolution $199,845
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 656
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 1,280
  • Gross Building Area: 2,040
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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:0008 B:0047 L:
  • Block: 47
  • Municipality: BEVERLY
  • Latitude: 42.5503
  • Longitude: -70.9107

    Address

  • Full Address: 2 Shortell Ave
  • Address - House Number: 2
  • Address - Street Name: Shortell
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C023
  • 4-Digit Zip Code: 3930
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,200

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 581,235
  • High Value: 686,224
  • Low Value: 476,245

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,300
  • Assessed Land Value: $328,900
  • Assessed Improvements Value: $190,400

    Sales

  • Current Sale Contract Date: Jan 12, 2023
  • Current Sale Recording Date: Jan 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230112000670
  • Previous Sale Recording Date: Oct 17, 2008
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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# 73060635

Frequently Asked Questions

When was property at 2 Shortell Avenue built and last sold?
The property at 2 Shortell Avenue was built in 1900 and last sold on Jan 12, 2023 for $465,000.
How much is this home worth?
The estimated value of the home located at 2 Shortell Avenue is $467,179.
What are some comparable homes to 2 Shortell Avenue?
There are currently no comparable homes to 2 Shortell Avenue.
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