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Beverly 01915
5 Gray Road
$414,200
● House - Off Market

5 Gray Road

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,348 Ft²
$557,336
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Finally, your opportunity to get into Beverly in a traditional Cape with hardwood floors, a beamed family room with fireplace as well as a second fireplace in the living room. You will be in a wonderful neighborhood that is minutes from both the train and the highway, flat fenced yard, vinyl siding, central air conditioning, shed and full basement.  Dishwasher, Range, Fridge, Washer/Dryer included. First showings at Open Houses on Saturday and Sunday 11:30-1:00.  Any offers will be reviewed at 4:30 on Monday.
Unit Size
1,348 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$289
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1951

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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 #72471288)

Price History

Date / Event Date Event Price
May 17, 2021 Sold
Premium
Sold
May 8, 2019 Sold
Premium
Sold
Mar 27, 2019 Listed by J. Barrett & Company $389,900
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,299
  • Total Building Area: 1,348
  • Gross Building Area: 2,525
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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: 217300

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0042 B:0042 L:
  • Block: 42
  • Municipality: BEVERLY
  • Latitude: 42.5681
  • Longitude: -70.8865

    Address

  • Full Address: 5 Gray Rd
  • Address - House Number: 5
  • Address - Street Name: Gray
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C043
  • 4-Digit Zip Code: 2605
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $570,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 597,354
  • High Value: 705,255
  • Low Value: 489,453

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,200
  • Assessed Land Value: $326,000
  • Assessed Improvements Value: $182,200

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210517005340
  • Previous Sale Recording Date: May 08, 2019
  • Previous Sale Contract Date: May 07, 2019
  • Previous Sale Amount: $414,200
  • 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

50

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# 72471288

Frequently Asked Questions

When was property at 5 Gray Road built and last sold?
The property at 5 Gray Road was built in 1951 and last sold on May 17, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 5 Gray Road is $407,807.
What are some comparable homes to 5 Gray Road?
There are currently no comparable homes to 5 Gray Road.
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