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Beverly 01915
22 Chipman Rd
$475,000
● House - Off Market

22 Chipman Rd

Beverly, MA 01915
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$452,532
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Here is your chance to get into the Beverly market!!! This 5 bedroom, 2 full bath cape has a big back yard, large eat in kitchen, living room with fireplace and flexible living plan. You can have your primary bedroom either upstairs or down since each floor has its own full bath. A bonus sunroom off of the kitchen can be converted into a great mudroom, an extra TV room or even a formal dining room. Sliding glass doors lead out to a large deck and level back yard. A little sweat equity would truly make this lovely family home shine. Come see it for yourself at the open houses Saturday 10/15 from 11-12:30 and Sunday 10/16 from 12:30-2. Offers, if any, due on Monday 10/17 by 5pm.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$279
Property Type
House
Property Taxes
$476
HOA Dues
-
Year Built
1953

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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 #73046777)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Oct 19, 2022 In contract -
In contract
Oct 11, 2022 Listed by Herrick Lutts Realty Partners $422,000
Listed by Herrick Lutts Realty Partners
Oct 19, 1995 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,512
  • Gross Building Area: 3,360
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 217102

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0066 B:0097 L:
  • Block: 97
  • Municipality: BEVERLY
  • Latitude: 42.5755
  • Longitude: -70.8939

    Address

  • Full Address: 22 Chipman Rd
  • Address - House Number: 22
  • Address - Street Name: Chipman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C016
  • 4-Digit Zip Code: 1767
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 606,795
  • High Value: 716,401
  • Low Value: 497,188

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,000
  • Assessed Land Value: $329,000
  • Assessed Improvements Value: $150,000

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221115001140
  • Previous Sale Recording Date: Oct 19, 1995
  • Previous Sale Amount: $159,500
  • Previous Sale Document Type: 27
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:

$749,450

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2973 ft²

Average Home Age

88.4 years

Currently For Sale

53 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# 73046777

Frequently Asked Questions

When was property at 22 Chipman Road built and last sold?
The property at 22 Chipman Road was built in 1953 and last sold on Oct 31, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 22 Chipman Road is $431,473.
What are some comparable homes to 22 Chipman Road?
There are currently no comparable homes to 22 Chipman Road.
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