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Beverly 01915
3 Penny Lane
Photo of 3 Penny Lane
Sold on Apr 30, 2008

1

Map

$745,000
● House - Off Market

3 Penny Lane

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,990 Ft²
$1,535,458
RealtyHop Estimate
99.67%
Since May 1, 2008
MA-Boston
Primary Model

About This Property

Walk to oceanfront Lynch Park, and top rate Cove School. BRAND NEW 2990 SF Colonial with Classic quality on cul de sac in the Cove. Grand kitchen with Schrock cherry cabinets, granite counters, Cafe stainless appl. DR with window seat; super 19X13 Master with coved ceiling, 13X11 tile bath, whirlpool tub, 5'tile shower, 2 walk-in closets w/custom wood shelving. Come see all the extras: C/A, Anderson windows, custom painting, lighting, and 9' ceiling
Unit Size
2,990 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$257
Property Type
House
Property Taxes
$83,333
HOA Dues
-
Year Built
2007

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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 #70648376)

Price History

Date / Event Date Event Price
Apr 30, 2008 Sold
Premium
Sold
Sep 14, 2007 Listed $769,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,274
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 2,928
  • Gross Building Area: 5,388
  • Building Area: 2,928
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,928
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALE STREET REALTY TRUST
  • Land Acres: 0000000269
  • 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:010C L:
  • Block: 10C
  • Municipality: BEVERLY
  • Latitude: 42.5518
  • Longitude: -70.8637

    Address

  • Full Address: 3 Penny Ln
  • Address - House Number: 3
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C007
  • 4-Digit Zip Code: 3859
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,093,900

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,217,036
  • High Value: 1,422,857
  • Low Value: 1,011,215

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $974,100
  • Assessed Land Value: $480,600
  • Assessed Improvements Value: $493,500

    Sales

  • Current Sale Recording Date: Apr 30, 2008
  • Current Sale Price:
    Premium
  • Current 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70648376

Frequently Asked Questions

When was property at 3 Penny Lane built and last sold?
The property at 3 Penny Lane was built in 2007 and last sold on Jan 1, 1970 for $745,000.
How much is this home worth?
The estimated value of the home located at 3 Penny Lane is $808,430.
What are some comparable homes to 3 Penny Lane?
There are currently no comparable homes to 3 Penny Lane.
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