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Beverly 01915
498 Elliott St
$500,000
● House - Off Market

498 Elliott St

Beverly, MA 01915
bedrooms
5 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
4,018 Ft²
$867,762
RealtyHop Estimate
63.76%
Since Feb 1, 2017
MA-Boston
Primary Model

About This Property

WOW, You will be surprised, the great space this property offers! .Amazing opportunity to own and have an home office in Beverly near route 128 and 95. This home offers 5 bedrooms 1 full and 2 half bath,  open concept kitchen with granite, living, dinning, large family room with  working wood fire place, heated 2 car garage space. finished basement, Large deck with retractable awning and grape vine pergola..Large  back yard with fruit trees. Newer roof; boiler; updated electrical  triple pane Newpro windows.Oak hard wood floors on second floor Ceramic tile on the first and lower level. Too many goodies to mention here. You must see to appreciate.
Unit Size
4,018 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$132
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1921

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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 #72043345)

Price History

Date / Event Date Event Price
Jan 31, 2017 Sold
Premium
Sold
Jul 25, 2016 Listed by MNG Realty $529,900
Listed by MNG Realty
Jun 30, 2015 Sold
Premium
Sold
Aug 14, 2014 Listed by MNG Realty $454,900
Listed by MNG Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,025
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,001
  • Total Building Area: 2,172
  • Gross Building Area: 3,709
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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:0017 B:0040 L:
  • Block: 40
  • Municipality: BEVERLY
  • Latitude: 42.5568
  • Longitude: -70.9076

    Address

  • Full Address: 498 Elliott St
  • Address - House Number: 498
  • Address - Street Name: Elliott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C022
  • 4-Digit Zip Code: 2331
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 779,037
  • High Value: 911,061
  • Low Value: 647,013

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,300
  • Assessed Land Value: $337,900
  • Assessed Improvements Value: $335,400

    Sales

  • Current Sale Recording Date: Jan 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 546
  • Previous Sale Recording Date: Jun 30, 2015
  • Previous Sale Amount: $443,500
  • 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

3016 ft²

Average Home Age

91.2 years

Currently For Sale

57 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# 72043345

Frequently Asked Questions

When was property at 498 Elliott Street built and last sold?
The property at 498 Elliott Street was built in 1921 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 498 Elliott Street is $534,676.
What are some comparable homes to 498 Elliott Street?
There are currently no comparable homes to 498 Elliott Street.
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