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Beverly 01915
3 Lawnbank Rd
$1,300,000
● House - Off Market

3 Lawnbank Rd

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,504 Ft²
$1,190,554
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

RARE OFFERING-BEVERLY COVE! Open House cancelled; offer accepted. BEACH LOVERS will enjoy this one-of-a kind neighborhood accessibility to ocean!  Legal R-O-W to peaceful private beach on dead end street. Sun-filled L-Shaped Ranch offers 3 bedroom, 2 bath, open concept kitchen, hardwood throughout, sun porch, full finished basment with laundry room, 1 car attached garage, central air and more! MOVE RIGHT IN! Enjoy this precious neighborhood! Use your creativity to update this well-cared for home. Agent is owner of property; selling "as-is". Near Lynch Park and only 30 miles to Boston. Commuter rail 1 mile away.
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$798
Property Type
House
Property Taxes
$867
HOA Dues
-
Year Built
1955

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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 months ago (MLSPIN #73159362)

Price History

Date / Event Date Event Price
Oct 30, 2023 Sold
Premium
Sold
Sep 16, 2023 In contract -
In contract
Sep 14, 2023 Listed by RE/MAX 360 $1,200,000
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,504
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,748
  • Total Building Area: 1,504
  • Gross Building Area: 3,787
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: 217601

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0013 B:0199 L:
  • Block: 199
  • Municipality: BEVERLY
  • Latitude: 42.5494
  • Longitude: -70.8568

    Address

  • Full Address: 3 Lawnbank Rd
  • Address - House Number: 3
  • Address - Street Name: Lawnbank
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C008
  • 4-Digit Zip Code: 4723
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,055,200

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,070,537
  • High Value: 1,252,597
  • Low Value: 888,477

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $939,600
  • Assessed Land Value: $678,800
  • Assessed Improvements Value: $260,800

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231030001200
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

51

Average Home Size

3148 ft²

Average Home Age

84.6 years

Currently For Sale

61 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 months ago
Data Source: MLS PIN, MLS# 73159362

Frequently Asked Questions

When was property at 3 Lawnbank Road built and last sold?
The property at 3 Lawnbank Road was built in 1955 and last sold on Oct 30, 2023 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 3 Lawnbank Road is $1,200,807.
What are some comparable homes to 3 Lawnbank Road?
There are currently no comparable homes to 3 Lawnbank Road.
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