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Beverly 01915
50 Pearson St
$343,000
● House - Off Market

50 Pearson St

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,650 Ft²
$544,478
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

Great opportunity to live in "Shinglesville"    This home has been owned by the same family for 48 years and is looking for the buyer who is willing to put some TLC to make this gem shine again.  Very open living room with fireplace, formal dining room which opens to kitchen. 3 ample sized bedroom, bonus full basement  and walk up attic on a corner lot , patio and detached single car garage . Property being sold "as Is"  Easy to show.  Call agent to set up appointment and go.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$212
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #72243180)

Price History

Date / Event Date Event Price
Dec 15, 2017 Sold
Premium
Sold
Oct 15, 2017 Listed by Keller Williams Realty Evolution $349,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 7
  • Basement Area: 1,320
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,320
  • Gross Building Area: 3,062
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0029 B:0149 L:
  • Block: 149
  • Municipality: BEVERLY
  • Latitude: 42.5583
  • Longitude: -70.8907

    Address

  • Full Address: 50 Pearson St
  • Address - House Number: 50
  • Address - Street Name: Pearson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C021
  • 4-Digit Zip Code: 3037
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $586,200

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 611,807
  • High Value: 722,319
  • Low Value: 501,295

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,000
  • Assessed Land Value: $329,100
  • Assessed Improvements Value: $192,900

    Sales

  • Current Sale Recording Date: Dec 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171215006420
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:

$745,900

Sale Price/ft²

$457

Below Asking

0.01%

Average Days on Market

51

Average Home Size

3189 ft²

Average Home Age

76.7 years

Currently For Sale

58 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72243180

Frequently Asked Questions

When was property at 50 Pearson Street built and last sold?
The property at 50 Pearson Street was built in 1960 and last sold on Jan 1, 1970 for $343,000.
How much is this home worth?
The estimated value of the home located at 50 Pearson Street is $372,588.
What are some comparable homes to 50 Pearson Street?
There are currently no comparable homes to 50 Pearson Street.
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