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Beverly 01915
3 Lanthorn Lane
$2,000,000
● House - Off Market

3 Lanthorn Lane

Beverly, MA 01915
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,274 Ft²
$3,828,673
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

Direct ocean front residence with private beach and mooring in Beverly Cove with views from almost every room. The home features a spacious gourmet kitchen with granite counters, family room with cathedral ceiling and fireplace, formal living room and dining area with fireplace, mudroom and 1/2 bath. There is a large lower level suite with a fireplaced game room, bedroom, office and 1 1/2 baths (possible au pair/in-law). Second floor has a sunfilled master suite, 3 additional bedrooms, bath and gallery area. Close proximity to Lynch Park, restaurants, train & Route 128. There is a 2 car garage with additional parking for 3 cars. The property is nicely landscaped and the home is beautifully decorated.
Unit Size
4,274 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$491
Property Type
House
Property Taxes
$1,503
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71669621)

Price History

Date / Event Date Event Price
Sep 30, 2014 Sold
Premium
Sold
Apr 25, 2014 Listed by J. Barrett & Company $2,100,000
Listed by J. Barrett & Company
Jan 29, 1999 Sold
Premium
Sold
Jun 25, 1998 Listed by J. Barrett & Company $599,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,734
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,337
  • Total Building Area: 3,047
  • Gross Building Area: 6,194
  • Building Area: 3,047
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,047
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEVERLY
  • Land Acres: 0000000398
  • 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: 217500

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0013 B:0215 L:
  • Block: 215
  • Municipality: BEVERLY
  • Latitude: 42.5474
  • Longitude: -70.8587

    Address

  • Full Address: 3 Lanthorn Ln
  • Address - House Number: 3
  • Address - Street Name: Lanthorn
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C008
  • 4-Digit Zip Code: 4721
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,992,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 2,384,468
  • High Value: 2,742,102
  • Low Value: 2,026,833

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,664,800
  • Assessed Land Value: $1,619,700
  • Assessed Improvements Value: $1,045,100

    Sales

  • Current Sale Recording Date: Sep 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93000159
  • Previous Sale Recording Date: Jan 29, 1999
  • Previous Sale Amount: $530,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2981 ft²

Average Home Age

86.4 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# 71669621

Frequently Asked Questions

When was property at 3 Lanthorn Lane built and last sold?
The property at 3 Lanthorn Lane was built in 1950 and last sold on Jan 1, 1970 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 3 Lanthorn Lane is $2,096,624.
What are some comparable homes to 3 Lanthorn Lane?
There are currently no comparable homes to 3 Lanthorn Lane.
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