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Beverly 01915
40 Crescent Ave
$680,000
● House - Off Market

40 Crescent Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
888 Ft²
$759,707
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss your opportunity for WATERFRONT living with direct access for kayaking, swimming & boating right from your yard. This updated 2 bedroom ranch is move in ready. Just unpack and enjoy! The open concept kitchen & living room lead into the heated sun room surrounded by amazing water views. Finished lower level gives you BONUS family room, wet bar, woodshop area, laundry, storage and working greenhouse! Beautiful composite deck and landscaped lawn make this the perfect spot to entertain or enjoy quiet nights watching the tide roll in and out. Kitchen was recently upgraded (2016) with new tile floors and cabinets! Stove is dual fuel so you can cook with gas & electric!  Last house on dead end street with quick access to 95 and Downtown Beverly! Showing by appointment only!
Unit Size
888 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$805
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73011451)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Jul 13, 2022 Listed by RE/MAX 360 $715,000
Listed by RE/MAX 360
Oct 1, 2002 Sold
Premium
Sold
Aug 12, 1993 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,112
  • Total Building Area: 888
  • Gross Building Area: 1,960
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 888
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • 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:0003 B:0127 L:
  • Block: 127
  • Municipality: BEVERLY
  • Latitude: 42.5438
  • Longitude: -70.8942

    Address

  • Full Address: 40 Crescent Ave
  • Address - House Number: 40
  • Address - Street Name: Crescent
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4146
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $799,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 750,734
  • High Value: 878,388
  • Low Value: 623,080

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,000
  • Assessed Land Value: $599,500
  • Assessed Improvements Value: $112,500

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221007001070
  • Previous Sale Recording Date: Oct 01, 2002
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: 27
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

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# 73011451

Frequently Asked Questions

When was property at 40 Crescent Avenue built and last sold?
The property at 40 Crescent Avenue was built in 1961 and last sold on Sep 23, 2022 for $680,000.
How much is this home worth?
The estimated value of the home located at 40 Crescent Avenue is $706,450.
What are some comparable homes to 40 Crescent Avenue?
There are currently no comparable homes to 40 Crescent Avenue.
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