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Beverly 01915
38 Arlington Ave
$495,000
● House - Off Market

38 Arlington Ave

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,457 Ft²
$668,187
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Quaint, sunlight filled 3BR cape home with a 1 car garage is located on dead end street in one of Beverly's most desirable locations.  The main floor of this home offers a spacious living room with a fireplace.  The large contemporary kitchen has lots of cabinet space, new stainless steel appliances, gorgeous stone countertops and a bar area.  The kitchen abuts the sun room surrounded by windows and warmth which leads to your outdoor deck and private backyard. The second floor offers a large Master bedroom with an abundance of closet space.  Possible expansion potential to increase your value as you live in one of the most desirable locations in the North Shore.
Unit Size
1,457 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$340
Property Type
House
Property Taxes
$445
HOA Dues
-
Year Built
1958

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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 #72656517)

Price History

Date / Event Date Event Price
Jul 2, 2020 Sold
Premium
Sold
May 14, 2020 Listed by North Shore's Gold Coast Realty $495,500
Listed by North Shore's Gold Coast Realty
Mar 23, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 999
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,470
  • Total Building Area: 1,856
  • Gross Building Area: 3,225
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 217102

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0080 B:0021 L:
  • Block: 21
  • Municipality: BEVERLY
  • Latitude: 42.5819
  • Longitude: -70.8894

    Address

  • Full Address: 38 Arlington Ave
  • Address - House Number: 38
  • Address - Street Name: Arlington
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C019
  • 4-Digit Zip Code: 1035
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $707,000

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 707,514
  • High Value: 831,356
  • Low Value: 583,671

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,600
  • Assessed Land Value: $354,600
  • Assessed Improvements Value: $275,000

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200702002220
  • Previous Sale Recording Date: Mar 23, 2020
  • Previous Sale Contract Date: Mar 18, 2020
  • Previous Sale Amount: $405,000
  • 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

$452

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3016 ft²

Average Home Age

91.2 years

Currently For Sale

57 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# 72656517

Frequently Asked Questions

When was property at 38 Arlington Avenue built and last sold?
The property at 38 Arlington Avenue was built in 1958 and last sold on Jul 1, 2020 for $495,000.
How much is this home worth?
The estimated value of the home located at 38 Arlington Avenue is $509,630.
What are some comparable homes to 38 Arlington Avenue?
There are currently no comparable homes to 38 Arlington Avenue.
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