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Beverly 01915
23 Chipman Rd
$440,000
● House - Off Market

23 Chipman Rd

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,224 Ft²
$614,187
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

Wonderful,updated Cape style home in a great,convenient North Beverly location! Features include a beautiful,updated kitchen with maple cabinetry, granite counters, breakfast bar and tile flooring. The nicely finished breezeway is a perfect spot for family dinners. The 4 generously sized bedrooms offer room for everyone.Two of the bedrooms are on on the first floor including the master which is tastefully updated and features recessed lighting and a tray ceiling. The warm, spacious family room features a gas fireplace to gather around on cold days. This home has been well maintained and has plenty of closet and basement storage. Large level backyard is perfect for summer entertaining! Don't miss this wonderful home in a prime location! Close to train, shopping and highway access.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$339
Property Type
House
Property Taxes
$398
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 #72369585)

Price History

Date / Event Date Event Price
Nov 22, 2021 Sold
Premium
Sold
Oct 6, 2021 Listed by Berkshire Hathaway HomeServices Verani Realty $565,000
Listed by Berkshire Hathaway HomeServices Verani Realty
Aug 31, 2018 Sold
Premium
Sold
Jul 27, 2018 Listed by Berkshire Hathaway HomeServices Verani Realty $414,900
Listed by Berkshire Hathaway HomeServices Verani Realty
Apr 24, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 816
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 9,601
  • Total Building Area: 1,224
  • Gross Building Area: 2,976
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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:0085 L:
  • Block: 85
  • Municipality: BEVERLY
  • Latitude: 42.5754
  • Longitude: -70.8949

    Address

  • Full Address: 23 Chipman Rd
  • Address - House Number: 23
  • Address - Street Name: Chipman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C016
  • 4-Digit Zip Code: 1718
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $633,100

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 634,834
  • High Value: 742,886
  • Low Value: 526,782

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $563,800
  • Assessed Land Value: $331,800
  • Assessed Improvements Value: $232,000

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211122004540
  • Previous Sale Recording Date: Aug 31, 2018
  • Previous Sale Amount: $440,000
  • 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# 72369585

Frequently Asked Questions

When was property at 23 Chipman Road built and last sold?
The property at 23 Chipman Road was built in 1953 and last sold on Nov 22, 2021 for $595,000.
How much is this home worth?
The estimated value of the home located at 23 Chipman Road is $567,259.
What are some comparable homes to 23 Chipman Road?
There are currently no comparable homes to 23 Chipman Road.
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