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$197,500
● Condo - Off Market

56 Bridge #56

Beverly, MA
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$389,730
RealtyHop Estimate
85.67%
Since Apr 1, 2008
National-US
Primary Model

About This Property

Back on market due to financing.  This is your second chance!! Don't miss out this time.  Completely renovated 3BR townhouse/half duplex, new roof, windows, original hardwood floors.  Bright and cheery!  Environmentally friendly improvements pass along cost savings to you with very low utility costs.  New appliances, move in ready!  Plenty of offstreet parking, yard, storage, decks.  Walk to train, schools, 5 min. to 128. Friendly Ryal side neighborhood, this condo won't last.lon
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$150
Property Type
Condo
Property Taxes
-
HOA Dues
$120
Year Built
-

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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 #70711054)

Price History

Date / Event Date Event Price
Mar 27, 2008 Sold
Premium
Sold
Feb 12, 2008 Listed by Exit Reliance Realty $209,900
Listed by Exit Reliance Realty

Property Highlights

Parking Available
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 1
Appliances: Range, Refrigerator
Flooring Type: Wood, Tile, Other
Door Features: Storm Door(s)
Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
Rooms: 6
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1400
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Ocean, River, Walk to, 1 to 2 Mile To Beach, Beach Ownership(Public)
Building Name: 56-58 Bridge Street Condominiums
Building Area Total: 1400
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Covered
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 5000
Water Source: Public, City/Town Water
Utilities Details
Cooling Type: None
Heating Type: Forced Air, Oil
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA Fee: $120

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70711054
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