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Beverly 01915
3 Morrison Ave
$850,000
● House - Off Market

3 Morrison Ave

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,701 Ft²
$853,719
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Ideally located in Beverly's sought after Cove neighborhood, this light-filled, split-level home offers 3+ bedrooms and 2.5 baths, including a master bedroom with bathroom. Two living areas offer flexibility of space. Enjoy easy access to beautiful Brackenbury Beach - a true neighborhood gem. The updated kitchen and adjacent dining area lead to a deck overlooking the large, fenced-in backyard, offering ample space for entertaining, playing, or gardening. A spacious driveway and 2-car garage adds to the function of the home. Many updates - this home is move in ready!
Unit Size
2,701 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$296
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1968

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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 #72932763)

Price History

Date / Event Date Event Price
Feb 17, 2022 Sold
Premium
Sold
Jan 11, 2022 Listed by Compass $799,000
Listed by Compass
Aug 23, 2004 Sold
Premium
Sold
Jun 13, 2004 Listed by Compass $484,000
Listed by Compass
Sep 27, 1991 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 1,404
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,655
  • Total Building Area: 2,776
  • Gross Building Area: 3,843
  • Building Area: 2,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000359
  • 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:0023 B:0011 L:
  • Block: 11
  • Municipality: BEVERLY
  • Latitude: 42.5552
  • Longitude: -70.8545

    Address

  • Full Address: 3 Morrison Ave
  • Address - House Number: 3
  • Address - Street Name: Morrison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C008
  • 4-Digit Zip Code: 3833
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $953,300

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 830,198
  • High Value: 971,595
  • Low Value: 688,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $848,900
  • Assessed Land Value: $399,100
  • Assessed Improvements Value: $449,800

    Sales

  • Current Sale Contract Date: Feb 17, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220217003510
  • Previous Sale Recording Date: Aug 23, 2004
  • Previous Sale Amount: $459,500
  • Previous Sale Document Type: 27
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72932763

Frequently Asked Questions

When was property at 3 Morrison Avenue built and last sold?
The property at 3 Morrison Avenue was built in 1968 and last sold on Feb 17, 2022 for $850,000.
How much is this home worth?
The estimated value of the home located at 3 Morrison Avenue is $831,190.
What are some comparable homes to 3 Morrison Avenue?
There are currently no comparable homes to 3 Morrison Avenue.
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