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Beverly 01915
56 Sohier Rd
$416,000
● House - Off Market

56 Sohier Rd

Beverly, MA 01915
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,488 Ft²
$355,632
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

House in need of total rehab. We believe there is oak under carpet on first floor. Some newer windows. 4-5 bedrooms, one better used as an office or nursery. 2 full baths. Good location with yard, garage and parking. Worth the effort, but will require a rehab loan or cash buyer - WILL NOT qualify for Conventional/FHA/VA loans. This home is best purchased with cash or provide pre approval for construction loan. Showings by appointment only. Offers can be accepted up until close per conservatorship. Give 72 hours notice for response. Use caution in property - house is winterized.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$235
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1926

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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 #72931082)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
Jan 4, 2022 Listed by Keller Williams Realty Evolution $350,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 880
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,092
  • Total Building Area: 1,488
  • Gross Building Area: 2,416
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 217300

Zoning

  • Zoning: RMD

Geography

  • Account Number: RMD
  • Parcel: BEVE M:0030 B:0034 L:
  • Block: 34
  • Municipality: BEVERLY
  • Latitude: 42.5622
  • Longitude: -70.8797

    Address

  • Full Address: 56 Sohier Rd
  • Address - House Number: 56
  • Address - Street Name: Sohier
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C048
  • 4-Digit Zip Code: 3477
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $586,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 589,091
  • High Value: 698,799
  • Low Value: 479,382

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,600
  • Assessed Land Value: $292,400
  • Assessed Improvements Value: $230,200

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20220617001410
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

3001 ft²

Average Home Age

87.3 years

Currently For Sale

52 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# 72931082

Frequently Asked Questions

When was property at 56 Sohier Road built and last sold?
The property at 56 Sohier Road was built in 1926 and last sold on Jun 16, 2022 for $416,000.
How much is this home worth?
The estimated value of the home located at 56 Sohier Road is $359,086.
What are some comparable homes to 56 Sohier Road?
There are currently no comparable homes to 56 Sohier Road.
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