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Beverly 01915
3 Middle Street
$730,000
● House - Off Market

3 Middle Street

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,626 Ft²
$767,201
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

NO SHOWINGS UNTIL OPEN HOUSES SAT 11/20 12-2 AND SUNDAY 11/21 1-3. Completely remodeled split level ranch in a perfect location less than a mile to Lynch Park, Dane Street Beach, Downtown shopping/restaurants, and Montserrat Commuter rail train station. The first floor offers a remodeled open Kitchen/living/dining area with quartz counters, updated bathroom, and updated flooring. The lower level was completely remodeled in 2020 with a large family room, an expanded bathroom, and a bonus room. Some of the features include Central Air, 2018 roof, Vinyl siding, all replacement windows, updated plumbing and electric throughout. The addition of solar panels have made this home extremely efficient.  Outside you can enjoy your beautiful back yard patio, retaining walls, fire pit, hot tub, pool, and sprinkler system.
Unit Size
1,626 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$430
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1971

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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 #72899429)

Price History

Date / Event Date Event Price
Jan 10, 2022 Sold
Premium
Sold
Sep 29, 2021 Listed by Keller Williams Realty Evolution $699,000
Listed by Keller Williams Realty Evolution
May 27, 2011 Sold
Premium
Sold
Mar 22, 2011 Listed by Keller Williams Realty Evolution $378,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 966
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,680
  • Total Building Area: 1,008
  • Gross Building Area: 2,504
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000291
  • 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:0021 B:0167 L:
  • Block: 167
  • Municipality: BEVERLY
  • Latitude: 42.5527
  • Longitude: -70.8674

    Address

  • Full Address: 3 Middle St
  • Address - House Number: 3
  • Address - Street Name: Middle
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C005
  • 4-Digit Zip Code: 3707
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $789,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 765,868
  • High Value: 896,309
  • Low Value: 635,427

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $702,800
  • Assessed Land Value: $393,100
  • Assessed Improvements Value: $309,700

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 632919
  • Previous Sale Recording Date: May 27, 2011
  • Previous Sale Amount: $363,000
  • 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

49

Average Home Size

2973 ft²

Average Home Age

88.4 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# 72899429

Frequently Asked Questions

When was property at 3 Middle Street built and last sold?
The property at 3 Middle Street was built in 1971 and last sold on Jan 7, 2022 for $730,000.
How much is this home worth?
The estimated value of the home located at 3 Middle Street is $697,321.
What are some comparable homes to 3 Middle Street?
There are currently no comparable homes to 3 Middle Street.
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