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Beverly 01915
31 Lakeshore Ave
$726,000
● House - Off Market

31 Lakeshore Ave

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,871 Ft²
$1,046,893
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

This spacious, welcoming home is perfect for extended family. Set on a very private 1 acre wooded lot the 1985 colonial has four bedrooms and two and a half baths in the main living area.  A large open concept family room/ kitchen with cathedral ceilings and skylights as well as formal living room and dining room make it ideal for entertaining. There is also bonus space in the lower level with fireplace, full bath and private screened porch. Enjoy the outdoors on the deck that stretches the length of the house as well as a three season screen room. Well cared for by the original owner. Located only one mile to Lynch Park and Beverly's beaches and a half mile to the train station.
Unit Size
3,871 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$190
Property Type
House
Property Taxes
$783
HOA Dues
-
Year Built
1985

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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 #72562409)

Price History

Date / Event Date Event Price
Nov 20, 2019 Sold
Premium
Sold
Sep 10, 2019 Listed by Keller Williams Realty Evolution $735,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 2,034
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 3,532
  • Gross Building Area: 6,530
  • Building Area: 3,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001050
  • 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:0032 B:139A L:
  • Block: 139A
  • Municipality: BEVERLY
  • Latitude: 42.5607
  • Longitude: -70.8635

    Address

  • Full Address: 31 Lakeshore Ave
  • Address - House Number: 31
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C035
  • 4-Digit Zip Code: 1907
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $941,500

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,006,908
  • High Value: 1,161,661
  • Low Value: 852,155

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $838,400
  • Assessed Land Value: $349,000
  • Assessed Improvements Value: $489,400

    Sales

  • Current Sale Contract Date: Nov 20, 2019
  • Current Sale Recording Date: Nov 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 607499
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

50

Average Home Size

3055 ft²

Average Home Age

82.7 years

Currently For Sale

64 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# 72562409

Frequently Asked Questions

When was property at 31 Lakeshore Avenue built and last sold?
The property at 31 Lakeshore Avenue was built in 1985 and last sold on Nov 20, 2019 for $726,000.
How much is this home worth?
The estimated value of the home located at 31 Lakeshore Avenue is $794,781.
What are some comparable homes to 31 Lakeshore Avenue?
There are currently no comparable homes to 31 Lakeshore Avenue.
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