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Beverly 01915
32 Mechanic St
$475,000
● House - Off Market

32 Mechanic St

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,500 Ft²
$699,062
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

This completely renovated Beverly Colonial is so smart, it should make honor roll! This smart home features Alexa enabled wi-fi switches, wi-fi control of the high-efficiency mini-splits in every room, and Heos Distributed Audio. First floor boasts stunning top of the line kitchen with quartz countertops, island, stainless steel appliances and dining area; bright open living room with oak floor, and powder room. Second level hosts three generously sized bedrooms and two baths, including a spacious master with en suite bath featuring a tiled shower and custom glass door. Lovely outdoor space with maintenance free composite deck and garden area. This home is the total package - everything NEW this year and just seconds from Beverly's thriving downtown shopping and dining, MBTA, and easy access to highways.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$327
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1890

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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 #72478920)

Price History

Date / Event Date Event Price
Jun 13, 2019 Sold
Premium
Sold
Apr 9, 2019 Listed by Keller Williams Realty Evolution $489,900
Listed by Keller Williams Realty Evolution
May 29, 2018 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 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: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,100
  • Total Building Area: 1,504
  • Gross Building Area: 2,083
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000048
  • 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: RHD

Geography

  • Account Number: RHD
  • Parcel: BEVE M:0020 B:0286 L:
  • Block: 286
  • Municipality: BEVERLY
  • Latitude: 42.5539
  • Longitude: -70.8806

    Address

  • Full Address: 32 Mechanic St
  • Address - House Number: 32
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C002
  • 4-Digit Zip Code: 3334
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $609,700

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 708,025
  • High Value: 866,167
  • Low Value: 549,884

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,900
  • Assessed Land Value: $265,400
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Contract Date: Jun 08, 2019
  • Current Sale Recording Date: Jun 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190613002720
  • Previous Sale Recording Date: May 29, 2018
  • Previous Sale Amount: $205,000
  • 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

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3148 ft²

Average Home Age

84.6 years

Currently For Sale

61 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72478920

Frequently Asked Questions

When was property at 32 Mechanic Street built and last sold?
The property at 32 Mechanic Street was built in 1890 and last sold on Jun 8, 2019 for $475,000.
How much is this home worth?
The estimated value of the home located at 32 Mechanic Street is $507,540.
What are some comparable homes to 32 Mechanic Street?
There are currently no comparable homes to 32 Mechanic Street.
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