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Beverly 01915
5 Lexington Dr
$605,000
● House - Off Market

5 Lexington Dr

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,660 Ft²
$645,031
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Charming Dormered Cape with two car garage in a great family friendly location. Set on a quiet dead-end street, this completely renovated adorable cape features brand-new kitchen with island, quartz countertop and stainless steel appliances. Open floor plan kitchen and living room, formal dining room, brand-new full bathroom and a large bedroom on the first floor. On the second floor, there are two oversized bedrooms plus a brand-new bathroom. Newer heating system and hot water tank. Brand-new deck off dining room, new garage door, garage door opener, vinyl siding and shingle roof on the detached two car garage. Beautiful, oversized level lot. Near great schools, shops, train stations, parks, business/industrial parks, restaurants and more. This is one you won't want to miss!
Unit Size
1,660 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$361
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1950

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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 #73056914)

Price History

Date / Event Date Event Price
Dec 29, 2022 Sold
Premium
Sold
Nov 28, 2022 In contract -
In contract
Nov 9, 2022 Listed by OwnerEntry.com $599,900
Listed by OwnerEntry.com
Aug 22, 2022 Sold
Premium
Sold
Jul 13, 2022 Listed by OwnerEntry.com $430,000
Listed by OwnerEntry.com

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 720
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,313
  • Total Building Area: 1,260
  • Gross Building Area: 2,236
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • 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:0054 B:0208 L:
  • Block: 208
  • Municipality: BEVERLY
  • Latitude: 42.5696
  • Longitude: -70.8896

    Address

  • Full Address: 5 Lexington Dr
  • Address - House Number: 5
  • Address - Street Name: Lexington
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Beverly
  • Carrier Code: C043
  • 4-Digit Zip Code: 2611
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $636,900

    Appraisal Valuation

  • Standard Deviation: 0.1702
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 573,663
  • High Value: 671,303
  • Low Value: 476,022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $567,100
  • Assessed Land Value: $334,800
  • Assessed Improvements Value: $232,300

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221229001890
  • Previous Sale Recording Date: Aug 22, 2022
  • Previous Sale Contract Date: Aug 18, 2022
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2924 ft²

Average Home Age

88.2 years

Currently For Sale

55 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# 73056914

Frequently Asked Questions

When was property at 5 Lexington Drive built and last sold?
The property at 5 Lexington Drive was built in 1950 and last sold on Dec 29, 2022 for $605,000.
How much is this home worth?
The estimated value of the home located at 5 Lexington Drive is $610,527.
What are some comparable homes to 5 Lexington Drive?
There are currently no comparable homes to 5 Lexington Drive.
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