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Beverly 01915
43 Echo Ave
$491,500
● House - Off Market

43 Echo Ave

Beverly, MA 01915
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,756 Ft²
$669,747
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Make this home your own! Move right in to this lovingly maintained single family and make updates along the way! First floor master option, eat in kitchen, spacious living room, den, sun porch, half bath and mudroom complete the first floor. The second floor offers 4 bedrooms and a full bath. Gorgeous fenced in yard, ample basement space, 1 car garage and plenty of parking. Roof replaced in 2012 and new gas furnace installed in January 2019.  Corner lot in a wonderful Beverly neighborhood. Close to downtown, parks, beaches, train station and route 62/128. Showings begin Saturday, June 1st at the open house from 12-1:30! Offers due Monday, June 3rd at 5pm.
Unit Size
1,756 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$268
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1935

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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 #72508678)

Price History

Date / Event Date Event Price
Jul 18, 2019 Sold
Premium
Sold
May 29, 2019 Listed by J. Barrett & Company $469,900
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 949
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,110
  • Total Building Area: 1,890
  • Gross Building Area: 3,253
  • Building Area: 1,890
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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:0093 L:
  • Block: 93
  • Municipality: BEVERLY
  • Latitude: 42.5596
  • Longitude: -70.8937

    Address

  • Full Address: 43 Echo Ave
  • Address - House Number: 43
  • 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: $633,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1626
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 678,837
  • High Value: 789,229
  • Low Value: 568,444

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $563,800
  • Assessed Land Value: $334,600
  • Assessed Improvements Value: $229,200

    Sales

  • Current Sale Contract Date: Jul 09, 2019
  • Current Sale Recording Date: Jul 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190718000820
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# 72508678

Frequently Asked Questions

When was property at 43 Echo Avenue built and last sold?
The property at 43 Echo Avenue was built in 1935 and last sold on Jul 9, 2019 for $491,500.
How much is this home worth?
The estimated value of the home located at 43 Echo Avenue is $476,543.
What are some comparable homes to 43 Echo Avenue?
There are currently no comparable homes to 43 Echo Avenue.
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