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Beverly 01915
32 Heather Street
$515,000
● House - Off Market

32 Heather Street

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,207 Ft²
$526,566
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

2 bed, 1 bath Cape in search of someone to complete its transformation. This quaint home has received upgrades throughout the years including a new roof (2013) and updated kitchen and bath but is in need of additional repairs to bring it back to life. Notes of its charming 1940s era can be felt throughout the home with arched entryways, built-in china cabinet, brick fireplace and detailed staircase. Opportunity to expand is available with a bonus office space and unfinished basement. Step outside to see why this home is a true gem – almost a quarter acre of partially fenced property, a coveted one-car garage, and a storage shed. Located in close proximity to downtown, Beverly Hospital, restaurants, shops, the commuter rail and Rt. 128.
Unit Size
1,207 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$413
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1942

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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 #73029438)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Aug 25, 2022 Listed by Compass $499,000
Listed by Compass
Aug 8, 2022 Sold
Premium
Sold
Jan 11, 2022 Listed by Compass $449,900
Listed by Compass
May 31, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 644
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,836
  • Total Building Area: 1,207
  • Gross Building Area: 2,269
  • Building Area: 1,207
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,207
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • 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: 217300

Zoning

  • Zoning: RMD

Geography

  • Account Number: RMD
  • Parcel: BEVE M:0031 B:0083 L:
  • Block: 83
  • Municipality: BEVERLY
  • Latitude: 42.5622
  • Longitude: -70.8761

    Address

  • Full Address: 32 Heather St
  • Address - House Number: 32
  • Address - Street Name: Heather
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C009
  • 4-Digit Zip Code: 2738
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 563,995
  • High Value: 658,631
  • Low Value: 469,359

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $474,300
  • Assessed Land Value: $299,900
  • Assessed Improvements Value: $174,400

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 338
  • Previous Sale Recording Date: Aug 08, 2022
  • Previous Sale Contract Date: Aug 08, 2022
  • Previous Sale Amount: $481,000
  • 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:

$749,450

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# 73029438

Frequently Asked Questions

When was property at 32 Heather Street built and last sold?
The property at 32 Heather Street was built in 1942 and last sold on Sep 23, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 32 Heather Street is $506,108.
What are some comparable homes to 32 Heather Street?
There are currently no comparable homes to 32 Heather Street.
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