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Beverly 01915
500 Elliott Street
$238,735
● House - Off Market

500 Elliott Street

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,272 Ft²
$370,330
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Strategically located three-bedroom home sited on a large level lot. Cheerful sunny back yard that speaks total privacy and to the many creative ideas of the talents of those with green thumbs to create artfully colored floral beds or gardens. Idyllic spot for a large swimming pool!  The home possesses a well laid out first-floor floor plan with an expansive family room, most rooms featuring hardwood floors.  With its splendid area lot, this home requires extensive updating/rehab and awaits its new owner to call it their home.   Natural gas and city water-sewer service is to the home.  Easy access to shopping, highway, downtown Beverly or Danvers and commuter rail to Boston.   A diamond in the rough! Bring your design ideas.  Property to be sold "as-is".  Short Sale... Third Party Approval Required.
Unit Size
1,272 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$204
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1915

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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: 5 months ago (MLSPIN #72519801)

Price History

Date / Event Date Event Price
Nov 15, 2019 Sold
Premium
Sold
Jun 17, 2019 Listed by J. Barrett & Company $260,000
Listed by J. Barrett & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 16
  • 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: 1,158
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,273
  • Total Building Area: 2,011
  • Gross Building Area: 3,942
  • Building Area: 2,011
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,011
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000305
  • 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:0041 L:
  • Block: 41
  • Municipality: BEVERLY
  • Latitude: 42.5569
  • Longitude: -70.9078

    Address

  • Full Address: 500 Elliott St
  • Address - House Number: 500
  • 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: $762,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 776,248
  • High Value: 898,859
  • Low Value: 653,636

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $678,500
  • Assessed Land Value: $340,200
  • Assessed Improvements Value: $338,300

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191115006560
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

3057 ft²

Average Home Age

85.7 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: 5 months ago
Data Source: MLS PIN, MLS# 72519801

Frequently Asked Questions

When was property at 500 Elliott Street built and last sold?
The property at 500 Elliott Street was built in 1915 and last sold on Nov 14, 2019 for $238,735.
How much is this home worth?
The estimated value of the home located at 500 Elliott Street is $280,198.
What are some comparable homes to 500 Elliott Street?
There are currently no comparable homes to 500 Elliott Street.
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