29 Lothrop Street #2
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2020 | Sold | ||
| Sold | |||
| Apr 8, 2020 | Listed by Compass | $559,900 | |
| Listed by Compass | |||
| | |||
|
3D VIRTUAL TOUR AVAILABLE UPON REQUEST.--RARE SEASIDE OPPORTUNITY to own along Beverly’s beautiful waterfront. Work from home breathing in the fresh ocean air or relax on your private veranda and enjoy watching the boats sail. This sun filled condo offers gleaming hardwood floors that guide you through the large open concept floorplan. The updated eat-in kitchen comes equipped with SS appliances, plenty of cabinets and granite countertops. 2 bedrooms-a large master with ensuite bath includes a soaking tub, frameless glass walk-in shower and large walk-in closet. Second bedroom boasts an ensuite bath with a tiled shower and In-Unit laundry. Other features-2 deeded parking, additional storage in basement, and custom window treatments. This location is steps away from beaches, parks, marinas, a 15 minute walk to the train and all that downtown Beverly has to offer with restaurants, breweries, theatres and shops!
| |||
| Jun 21, 2017 | Sold | ||
| Sold | |||
| May 6, 2017 | Listed by Keller Williams Realty Evolution | $489,000 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Seaside Condo along Beverly's beautiful waterfront on desirable Lothrop Street with harbor views. Sit on your large deck and watch the boats go by. This updated pristine condo has 2 completely updated bathrooms, custom built-ins, walk in closet, window treatments along with all new hardwood floors. Kitchen has granite counters, stainless appliances and an open concept for dining. Launch your Kayak a few feet from your door. Commuter rail, many restaurants, easy access to public beaches, parks, and walks are steps away. This is a great opportunity to enjoy Beverly's Gold Coast.
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| Dec 29, 2014 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/05/2022
|
2 Bed
|
1 Bath
|
1346 ft²
|
$549,000
2 Bed
1 Bath
1346 ft²
|
$570,000
+3.83%
08/23/2022
|
Betsy Woods
Lux Realty North Shore
| |
|
04/08/2020
|
2 Bed
|
2 Bath
|
1370 ft²
|
$559,900
2 Bed
2 Bath
1370 ft²
|
$550,000
-1.77%
06/04/2020
|
Michelle Doyle
Flow Realty, Inc.
| |
|
08/08/2017
|
2 Bed
|
1 Bath
|
1346 ft²
|
$489,900
2 Bed
1 Bath
1346 ft²
|
$480,000
-2.02%
11/09/2017
|
Deborah Brown
Churchill Properties
| |
|
05/06/2017
|
2 Bed
|
2 Bath
|
1370 ft²
|
$489,000
2 Bed
2 Bath
1370 ft²
|
$491,500
+0.51%
06/21/2017
|
Michelle Doyle
Flow Realty, Inc.
| |
|
11/21/2014
|
2 Bed
|
1 Bath
|
1346 ft²
|
$399,000
2 Bed
1 Bath
1346 ft²
|
$381,000
-4.51%
09/16/2015
|
Deborah Brown
Churchill Properties
| |
|
10/23/2014
|
2 Bed
|
2 Bath
|
1398 ft²
|
$429,900
2 Bed
2 Bath
1398 ft²
|
$410,000
-4.63%
12/29/2014
|
Janet Wheatley
Coldwell Banker Residential Brokerage - Beverly
| |
|
06/20/2010
|
2 Bed
|
2 Bath
|
1484 ft²
|
$419,000
2 Bed
2 Bath
1484 ft²
|
$395,000
-5.73%
11/23/2010
|
Brad Phillips
Harborside Realty
| |
|
07/23/2003
|
2 Bed
|
2 Bath
|
1370 ft²
|
$399,900
2 Bed
2 Bath
1370 ft²
|
$375,000
-6.23%
01/09/2004
|
Anthony Serino
Century 21 deAn Associates
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017