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Beverly 01915
43 Colgate Road
$700,000
● House - Off Market

43 Colgate Road

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,442 Ft²
$3,694
Est. Monthly

About This Property

Charming expanded ranch with a renovated kitchen and baths. This property sits on a flat lot in the desirable Raymond Farms neighborhood of Beverly. Features include a spacious living room with an open condept kitchen with island, white cabinetry, stainless appliances, and Silestone Quartz Countertops. Enjoy the large family room with a pellet stove and sliders out to the backyard. There are 3 generous sized bedrooms all with closets and a primary half bath. New HVAC System for Heat and Central Air. Great backyard for entertaining with a Trex deck and new Gibralter Pool. There is a one car attached garage, a workshop, and a partial basement for storage.           **Offers are due by Tuesday, 2/27 @ 12 Noon.**
Unit Size
1,442 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$451
Property Type
House
Property Taxes
$502
HOA Dues
-
Year Built
1956

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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 #73204085)

Price History

Date / Event Date Event Price
Mar 27, 2024 Sold
Premium
Sold
Feb 28, 2024 In contract -
In contract
Feb 20, 2024 Listed by Keller Williams Realty Evolution $649,900
Listed by Keller Williams Realty Evolution
Dec 9, 2016 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,849
  • Total Building Area: 1,442
  • Gross Building Area: 2,158
  • Building Area: 1,442
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,442
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RAYMOND FARMS BEVERLY
  • Land Acres: 0000000226
  • 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:0040 B:0030 L:
  • Block: 30
  • Municipality: BEVERLY
  • Latitude: 42.5686
  • Longitude: -70.9009

    Address

  • Full Address: 43 Colgate Rd
  • Address - House Number: 43
  • Address - Street Name: Colgate
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C021
  • 4-Digit Zip Code: 5636
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $602,400

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 667,347
  • High Value: 720,544
  • Low Value: 614,150

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $536,400
  • Assessed Land Value: $374,000
  • Assessed Improvements Value: $162,400

    Sales

  • Current Sale Contract Date: Mar 27, 2024
  • Current Sale Recording Date: Mar 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240327001640
  • Previous Sale Recording Date: Dec 09, 2016
  • Previous Sale Amount: $320,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73204085

Frequently Asked Questions

When was property at 43 Colgate Road built and last sold?
The property at 43 Colgate Road was built in 1956 and last sold on Mar 27, 2024 for $700,000.
How much is this home worth?
The estimated value of the home located at 43 Colgate Road is $662,837.
What are some comparable homes to 43 Colgate Road?
There are currently no comparable homes to 43 Colgate Road.
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