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Beverly 01915
42 Longmeadow Road
$520,000
● House - Off Market

42 Longmeadow Road

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
948 Ft²
$551,127
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Greet the NEW YEAR with this outstanding starter home located in an excellent North Beverly location.  This very much in demand 5 room, 3-bedroom ranch with 2 additional large lower-level rooms with 3/4 bath, offers a first floor 16' living room, eat-in fully applianced kitchen with direct slider access to a 11'X9' deck that overlooks a spacious yard with shed.  Additionally, the 3 bedrooms on the main level have air conditioner wall units in each room plus a wall unit in the kitchen to keep you cool in summer.  Updated forced hot water boiler and hot water system.  Large, attached car port for cars, boats or toy storage.  Even in the early winter months, this house will draw a crowd as inventory is limited. Don't wait, see it now by private appointment showings.  House is being sold "AS IS and AS SHOWN".
Unit Size
948 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$548
Property Type
House
Property Taxes
$455
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 #73066015)

Price History

Date / Event Date Event Price
Feb 9, 2023 Sold
Premium
Sold
Jan 10, 2023 In contract -
In contract
Dec 20, 2022 Listed by J. Barrett & Company $519,900
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 948
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,315
  • Total Building Area: 948
  • Gross Building Area: 2,283
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 948
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • 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: 217102

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0054 B:0028 L:
  • Block: 28
  • Municipality: BEVERLY
  • Latitude: 42.5739
  • Longitude: -70.8883

    Address

  • Full Address: 42 Longmeadow Rd
  • Address - House Number: 42
  • Address - Street Name: Longmeadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C043
  • 4-Digit Zip Code: 1741
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,400

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 564,641
  • High Value: 663,476
  • Low Value: 465,807

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,800
  • Assessed Land Value: $333,100
  • Assessed Improvements Value: $191,700

    Sales

  • Current Sale Contract Date: Feb 09, 2023
  • Current Sale Recording Date: Feb 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230209002180
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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73066015

Frequently Asked Questions

When was property at 42 Longmeadow Road built and last sold?
The property at 42 Longmeadow Road was built in 1955 and last sold on Feb 9, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 42 Longmeadow Road is $522,180.
What are some comparable homes to 42 Longmeadow Road?
There are currently no comparable homes to 42 Longmeadow Road.
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