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Beverly 01915
41 Echo Ave
$409,000
● House - Off Market

41 Echo Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,276 Ft²
$419,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Here's a rehab. opportunity. Sweat equity seekers and investors; this property has so much potential. Located in the popular Ryal Side area, the neighborhood has great pride of ownership. Conveniently located and close to shopping, parks, thriving downtown, golf, Cummings Center, beaches, train, routes 62 and 128.
Unit Size
1,276 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$328
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1904

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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: 6 months ago (MLSPIN #73164625)

Price History

Date / Event Date Event Price
Nov 20, 2023 Sold
Premium
Sold
Oct 6, 2023 In contract -
In contract
Sep 28, 2023 Listed by Barry Realty Group $419,000
Listed by Barry Realty Group
Feb 13, 1970 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,276
  • Gross Building Area: 2,464
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:0029 B:0094 L:
  • Block: 94
  • Municipality: BEVERLY
  • Latitude: 42.5594
  • Longitude: -70.8935

    Address

  • Full Address: 41 Echo Ave
  • Address - House Number: 41
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C021
  • 4-Digit Zip Code: 2451
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $576,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 434,457
  • High Value: 469,173
  • Low Value: 399,740

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $512,900
  • Assessed Land Value: $325,600
  • Assessed Improvements Value: $187,300

    Sales

  • Current Sale Contract Date: Nov 20, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20231120002270
  • Previous Sale Recording Date: Feb 13, 1970
  • Previous Sale Amount: $19,300
  • 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:

$745,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3189 ft²

Average Home Age

76.7 years

Currently For Sale

58 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: 6 months ago
Data Source: MLS PIN, MLS# 73164625

Frequently Asked Questions

When was property at 41 Echo Avenue built and last sold?
The property at 41 Echo Avenue was built in 1904 and last sold on Nov 20, 2023 for $419,000.
How much is this home worth?
The estimated value of the home located at 41 Echo Avenue is $434,213.
What are some comparable homes to 41 Echo Avenue?
There are currently no comparable homes to 41 Echo Avenue.
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