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Beverly 01915
56 Longmeadow Road
$651,500
● House - Off Market

56 Longmeadow Road

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,257 Ft²
$3,402
Est. Monthly

About This Property

Charming expanded ranch with an oversized attached garage located in a desirable North Beverly neighborhood. This home sits on a large, flat lot. The interior features beautiful hardwood floors, a spacious eat-in kitchen with island, and a sun-filled family room with sliders to a rear deck overlooking the private, fenced back yard. There are 3 generous sized bedrooms all with closets. Enjoy the finished, heated lower level with a 3/4 bath that is suitable for an office, playroom, or guest suite. This is a meticulous property with updated systems. **See Open House Schedule...Thursday (1/25) from 3:00 - 5:00 pm, Saturday (1/27) from 11:00 am - 1:00 and Sunday (1/28) from 11:00 am - 1:00 pm. **Offer Deadline is Tuesday 1/30 at 12 Noon.
Unit Size
1,257 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$477
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1955

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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 #73195632)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Jan 31, 2024 In contract -
In contract
Jan 22, 2024 Listed by Keller Williams Realty Evolution $599,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 984
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 984
  • Gross Building Area: 2,800
  • Building Area: 984
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 984
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 217102

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0054 B:0035 L:
  • Block: 35
  • Municipality: BEVERLY
  • Latitude: 42.5728
  • Longitude: -70.8884

    Address

  • Full Address: 56 Longmeadow Rd
  • Address - House Number: 56
  • Address - Street Name: Longmeadow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C043
  • 4-Digit Zip Code: 1741
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,700

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 611,055
  • High Value: 659,751
  • Low Value: 562,359

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $529,600
  • Assessed Land Value: $328,100
  • Assessed Improvements Value: $201,500

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240315004160
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:

$749,450

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2981 ft²

Average Home Age

86.4 years

Currently For Sale

53 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: 4 months ago
Data Source: MLS PIN, MLS# 73195632

Frequently Asked Questions

When was property at 56 Longmeadow Road built and last sold?
The property at 56 Longmeadow Road was built in 1955 and last sold on Mar 15, 2024 for $651,500.
How much is this home worth?
The estimated value of the home located at 56 Longmeadow Road is $610,187.
What are some comparable homes to 56 Longmeadow Road?
There are currently no comparable homes to 56 Longmeadow Road.
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