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Beverly 01915
608 Cabot Street
$338,100
● House - Off Market

608 Cabot Street

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,256 Ft²
$436,743
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Attention contractors and investors! Bring your remodeling ideas.  This colonial has been in the same family for 65 years.  Majority of the house will need extensive renovation. Cash offers are preferred. Large and level lot with detached garage and plenty of parking. Water heater is 4 years old. Conveniently located to Rt 128, 1.2 mile walk to North Beverly Train Station and close to downtown Beverly.  Buyers and Buyer's agents to do own due diligence. Sellers and Seller's agent make no warranties or representations regarding the property.  Appointment required for time block showings on Wed & Fri.  Open Houses Sat & Sun 11:00am-12:30pm, appointment not required for Open House. One party allowed inside property at a time. Offer deadline Tues. 7/28 at 12:00 noon. Please allow 48 hrs for Seller's response.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$262
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1900

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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 #72695065)

Price History

Date / Event Date Event Price
Jun 23, 2021 Sold
Premium
Sold
May 11, 2021 Listed by Century 21 North East $589,900
Listed by Century 21 North East
Aug 20, 2020 Sold
Premium
Sold
Jul 21, 2020 Listed by Century 21 North East $329,000
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 659
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,548
  • Total Building Area: 1,438
  • Gross Building Area: 2,284
  • Building Area: 1,438
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,438
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • 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:0053 B:0150 L:
  • Block: 150
  • Municipality: BEVERLY
  • Latitude: 42.5735
  • Longitude: -70.8949

    Address

  • Full Address: 608 Cabot St
  • Address - House Number: 608
  • Address - Street Name: Cabot
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C017
  • 4-Digit Zip Code: 2556
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $680,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 701,680
  • High Value: 810,159
  • Low Value: 593,201

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,900
  • Assessed Land Value: $331,700
  • Assessed Improvements Value: $274,200

    Sales

  • Current Sale Contract Date: Jun 23, 2021
  • Current Sale Recording Date: Jun 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210623003530
  • Previous Sale Recording Date: Aug 20, 2020
  • Previous Sale Contract Date: Aug 13, 2020
  • Previous Sale Amount: $338,100
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72695065

Frequently Asked Questions

When was property at 608 Cabot Street built and last sold?
The property at 608 Cabot Street was built in 1900 and last sold on Jun 23, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 608 Cabot Street is $586,025.
What are some comparable homes to 608 Cabot Street?
There are currently no comparable homes to 608 Cabot Street.
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