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Beverly 01915
38 Hillcrest Ave
$419,000
● House - Off Market

38 Hillcrest Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,112 Ft²
$550,332
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Fully renovated in 2010, this charming Ryal Side home is waiting for you! Kick off summer evenings on your back patio or stroll down to Obear Park for the annual 4th of July celebration. This 2 bed, 1 bath single family includes a bright and open space layout incorporating a beautiful kitchen with granite and stainless steel appliances. With easy access to major routes and highways, commuter rail, Beverly shopping and restaurants, what is not to love? The small private backyard, large attic, and ample basement, are all an added bonus!     First Showings at Open Houses Saturday 4/27 and Sunday 4/28 12:30-2:00. Any and all offers will be reviewed Monday 4/29 after 5:00pm.
Unit Size
1,112 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$346
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1955

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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 #72487200)

Price History

Date / Event Date Event Price
Dec 3, 2021 Sold
Premium
Sold
Oct 20, 2021 Listed by J. Barrett & Company $439,900
Listed by J. Barrett & Company
May 31, 2019 Sold
Premium
Sold
Apr 24, 2019 Listed by J. Barrett & Company $385,000
Listed by J. Barrett & Company
Apr 30, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 944
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,940
  • Total Building Area: 1,112
  • Gross Building Area: 2,547
  • Building Area: 1,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKER S DAVIS
  • Land Acres: 0000000113
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0009 B:0269 L:
  • Block: 269
  • Municipality: BEVERLY
  • Latitude: 42.5484
  • Longitude: -70.8987

    Address

  • Full Address: 38 Hillcrest Ave
  • Address - House Number: 38
  • Address - Street Name: Hillcrest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4042
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $581,000

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 603,598
  • High Value: 706,334
  • Low Value: 500,863

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,400
  • Assessed Land Value: $309,200
  • Assessed Improvements Value: $208,200

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211203001350
  • Previous Sale Recording Date: May 31, 2019
  • Previous Sale Contract Date: May 24, 2019
  • Previous Sale Amount: $419,000
  • 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

49

Average Home Size

2973 ft²

Average Home Age

88.4 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

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# 72487200

Frequently Asked Questions

When was property at 38 Hillcrest Avenue built and last sold?
The property at 38 Hillcrest Avenue was built in 1955 and last sold on Nov 30, 2021 for $525,000.
How much is this home worth?
The estimated value of the home located at 38 Hillcrest Avenue is $453,643.
What are some comparable homes to 38 Hillcrest Avenue?
There are currently no comparable homes to 38 Hillcrest Avenue.
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