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Beverly 01915
40 Prince St
Photo of 40 Prince St
Sold on Jul 15, 2025

21

Map

Photo of 40 Prince St
Photo of 40 Prince St
$3,900,000
● House - Off Market

40 Prince St

Beverly, MA 01915
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
8,814 Ft²
$24,749
Est. Monthly
1.10%
Cap Rate

About This Property

Unparalleled Waterfront Opportunity in Coveted Beverly Cove. Set on a rare stretch of direct beachfront along prestigious Prince Street, this extraordinary property presents the perfect location to create your dream coastal estate in one of Beverly's most desirable seaside neighborhoods. With private access to a pristine sandy beach, and panoramic ocean views, 40 Prince Street offers 1.5 acres of potential, in a location that simply cannot be replicated. A charming barn adds character and flexibility to the lot. While the existing structure requires a full renovation, the value here lies in the unmatched setting, exclusive neighborhood, and limitless design possibilities.
Unit Size
8,814 Ft²
Days on Market
-
Land Size
1.51 acres
Price per sqft
$505
Property Type
House
Property Taxes
$2,898
HOA Dues
-
Year Built
1880

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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: 2 years ago (MLSPIN #73374604)

Price History

Date / Event Date Event Price
Jul 15, 2025 Sold
Premium
Sold
Jun 7, 2025 In contract -
In contract
May 14, 2025 Listed $4,450,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 18
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,764
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,776
  • Total Building Area: 8,814
  • Gross Building Area: 14,852
  • Building Area: 8,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 8,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001510
  • 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: 217602

Zoning

  • Zoning: R45

Geography

  • Account Number: R45
  • Parcel: BEVE M:0014 B:0026 L:
  • Block: 26
  • Municipality: BEVERLY
  • Latitude: 42.5493
  • Longitude: -70.847

    Address

  • Full Address: 40 Prince St
  • Address - House Number: 40
  • Address - Street Name: Prince
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C008
  • 4-Digit Zip Code: 2008
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,554,100

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 3,412,651
  • High Value: 3,962,676
  • Low Value: 2,862,625

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,164,800
  • Assessed Land Value: $2,298,000
  • Assessed Improvements Value: $866,800
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73374604

Frequently Asked Questions

When was property at 40 Prince Street built and last sold?
The property at 40 Prince Street was built in 1880 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Prince Street is $4,494,500.
What are some comparable homes to 40 Prince Street?
There are currently no comparable homes to 40 Prince Street.
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