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Beverly 01915
58 South Terrace
$550,000
● House - Off Market

58 South Terrace

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
772 Ft²
$551,844
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

ABUNDANT POTENTIAL at this stunning waterfront location in Beverly overlooking Kernwood Country Club!  Existing 3 bedroom, one bath home can be renovated to create the most desirable waterfront property.  Newer roof on the main house, heating system and hot water tank. Make this home your dream home and enjoy the views!
Unit Size
772 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$712
Property Type
House
Property Taxes
$613
HOA Dues
-
Year Built
1910

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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 #73114016)

Price History

Date / Event Date Event Price
Jun 22, 2023 Sold
Premium
Sold
May 31, 2023 In contract -
In contract
May 19, 2023 Listed by Coldwell Banker Realty - Beverly $550,000
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • 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: 441
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,580
  • Total Building Area: 772
  • Gross Building Area: 1,014
  • Building Area: 772
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000128
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0008 B:231C L:
  • Block: 231C
  • Municipality: BEVERLY
  • Latitude: 42.5478
  • Longitude: -70.9065

    Address

  • Full Address: 58 South Ter
  • Address - House Number: 58
  • Address - Street Name: South
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Beverly
  • Carrier Code: C023
  • 4-Digit Zip Code: 3960
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $697,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 601,760
  • High Value: 705,498
  • Low Value: 498,022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $620,800
  • Assessed Land Value: $558,500
  • Assessed Improvements Value: $62,300

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230622001050
  • Previous Sale Recording Date: Sep 23, 2009
  • Previous Sale Document Type: 27
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

3048 ft²

Average Home Age

86.7 years

Currently For Sale

56 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73114016

Frequently Asked Questions

When was property at 58 South Terrace built and last sold?
The property at 58 South Terrace was built in 1910 and last sold on Jun 13, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 58 South Terrace is $546,231.
What are some comparable homes to 58 South Terrace?
There are currently no comparable homes to 58 South Terrace.
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