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Beverly 01915
55 Echo Avenue
$545,000
● House - Off Market

55 Echo Avenue

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,054,321
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

First showing at open house Sunday 11/24 2:30-4 Interior pics to come soon NEW CONSTRUCTION Colonial with farmers porch and two car garage set alongside Beverly Golf and Tennis in a quaint neighborhood convenient to all that Beverly has to offer. Impressive finishes and details in the open concept home include Anderson windows and Slider; gas fireplace with HDMI cable hook up above; wood flooring throughout the main living area; upgraded kitchen with stunning granite and Amaretto Cream cabinetry. Two full baths, tiled, and half bath. Master suite with double closet and custom tiled shower. Main hall bath with double sink vanity. Central air. Deck overlooking the spacious yard. Gas heat and cooking.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$250
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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 #71610379)

Price History

Date / Event Date Event Price
Jan 10, 2014 Sold
Premium
Sold
Nov 21, 2013 Listed by Keller Williams Realty Evolution $549,900
Listed by Keller Williams Realty Evolution
Jan 22, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 898
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,914
  • Total Building Area: 1,891
  • Gross Building Area: 3,996
  • Building Area: 1,891
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,891
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000274
  • 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:0029 B:0048 L:
  • Block: 48
  • Municipality: BEVERLY
  • Latitude: 42.5603
  • Longitude: -70.8946

    Address

  • Full Address: 55 Echo Ave
  • Address - House Number: 55
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C021
  • 4-Digit Zip Code: 2430
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $831,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 863,364
  • High Value: 1,010,192
  • Low Value: 716,537

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,400
  • Assessed Land Value: $337,800
  • Assessed Improvements Value: $402,600

    Sales

  • Current Sale Recording Date: Jan 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 336
  • Previous Sale Recording Date: Jan 22, 2013
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: 35

    Financing

  • First Mortgage Financing Type: UNK
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71610379

Frequently Asked Questions

When was property at 55 Echo Avenue built and last sold?
The property at 55 Echo Avenue was built in 2013 and last sold on Jan 1, 1970 for $545,000.
How much is this home worth?
The estimated value of the home located at 55 Echo Avenue is $579,704.
What are some comparable homes to 55 Echo Avenue?
There are currently no comparable homes to 55 Echo Avenue.
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