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Beverly 01915
38 County Way
$276,000
● House - Off Market

38 County Way

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,027 Ft²
$330,544
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

A great lot, ready for a fresh start in Beverly's Ryal Side neighborhood. This property is potentially either a full gut rehab or new build. Large 1/2 acre lot with 1,027sf house and 1-car garage. Property will not qualify for financing and interior access is not possible. Property sold "as is, where is, as seen". Cash offers only, highest/best offers due Wednesday 7/15/2020 at 5pm. Please submit complete offers including proof of funds and signed/initialed Lead Paint and X-ed out Seller Disclosure. Please allow 72 hour response time. No interior inspections possible or permitted, unsafe to enter house, some interior pics available upon request.
Unit Size
1,027 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$242
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1917

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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 #72688553)

Price History

Date / Event Date Event Price
Apr 1, 2021 Sold
Premium
Sold
Aug 10, 2020 Sold
Premium
Sold
Jul 9, 2020 Listed by Keller Williams Realty Evolution $249,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 572
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,117
  • Total Building Area: 1,203
  • Gross Building Area: 2,047
  • Building Area: 1,203
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,203
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • 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: 217201

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0018 B:0101 L:
  • Block: 101
  • Municipality: BEVERLY
  • Latitude: 42.5543
  • Longitude: -70.9015

    Address

  • Full Address: 38 County Way
  • Address - House Number: 38
  • Address - Street Name: County
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Beverly
  • Carrier Code: C022
  • 4-Digit Zip Code: 2834
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $727,000

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 709,684
  • High Value: 830,475
  • Low Value: 588,892

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $647,400
  • Assessed Land Value: $336,400
  • Assessed Improvements Value: $311,000

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210401004750
  • Previous Sale Recording Date: Aug 10, 2020
  • Previous Sale Contract Date: Aug 06, 2020
  • Previous Sale Amount: $276,000
  • 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

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: 4 months ago
Data Source: MLS PIN, MLS# 72688553

Frequently Asked Questions

When was property at 38 County Way built and last sold?
The property at 38 County Way was built in 1917 and last sold on Apr 1, 2021 for $608,000.
How much is this home worth?
The estimated value of the home located at 38 County Way is $265,074.
What are some comparable homes to 38 County Way?
There are currently no comparable homes to 38 County Way.
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