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Beverly 01915
3 Gove Ave.
$501,000
● House - Off Market

3 Gove Ave.

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,249 Ft²
$504,167
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity to call this Ranch on a dead-end street your home! Owned by one family for over 50 years and ready for the future. Open floor plan allows for great gathering space in the living, dining, kitchen & family room. This well-maintained home offers three bedrooms, one bath, hardwood floors, and a detached garage. The carpeted family room with a vaulted ceiling and skylight has plenty of natural light and slider that overlooks deck and backyard. Opportunity for additional living area in heated basement plus a workshop area. Ample space for storage in the basement and attic. Central vac and a mini split for cooling are some great additions to this home. All this close to town, train, hospital, and schools. Offer deadline 11/9. Open house Sat. & Sun 11-1.
Unit Size
1,249 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$360
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1962

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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: 5 years ago (MLSPIN #72916177)

Price History

Date / Event Date Event Price
Dec 16, 2021 Sold
Premium
Sold
Nov 3, 2021 Listed by Tache Real Estate, Inc. $449,900
Listed by Tache Real Estate, Inc.

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,249
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,937
  • Total Building Area: 1,249
  • Gross Building Area: 2,593
  • Building Area: 1,249
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,249
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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: 217300

Zoning

  • Zoning: RMD

Geography

  • Account Number: RMD
  • Parcel: BEVE M:0031 B:0072 L:
  • Block: 72
  • Municipality: BEVERLY
  • Latitude: 42.5619
  • Longitude: -70.8762

    Address

  • Full Address: 3 Gove Ave
  • Address - House Number: 3
  • Address - Street Name: Gove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C048
  • 4-Digit Zip Code: 3411
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $563,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 593,338
  • High Value: 697,610
  • Low Value: 489,066

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,600
  • Assessed Land Value: $293,800
  • Assessed Improvements Value: $207,800

    Sales

  • Current Sale Contract Date: Dec 16, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20211216001850
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

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3055 ft²

Average Home Age

82.7 years

Currently For Sale

64 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72916177

Frequently Asked Questions

When was property at 3 Gove Avenue built and last sold?
The property at 3 Gove Avenue was built in 1962 and last sold on Dec 16, 2021 for $501,000.
How much is this home worth?
The estimated value of the home located at 3 Gove Avenue is $0.
What are some comparable homes to 3 Gove Avenue?
There are currently no comparable homes to 3 Gove Avenue.
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