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Beverly 01915
7 Cumnock St.
$765,000
● House - Off Market

7 Cumnock St.

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,520 Ft²
$1,114,018
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Come home to this beautiful Centerville Colonial! Warm comfortable home in the Thaxton neighborhood on a large level lot. Featuring an easy flow floor plan with spacious rooms, this 4-bedroom home offers an open kitchen-family room plus formal dining and living rooms. A 4-season sunroom with skylights and a vaulted ceiling overlooks a brick patio and private back yard that is great for entertaining. Four bedrooms including a large master suite with ample closet and storage space are on the second floor along with updated bathrooms and a laundry room. The partially finished lower level features a home office and a large bonus family room with bar. 2-car garage and covered front porch. All this and close to beaches, parks, MBTA station, shopping and highway.
Unit Size
3,520 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$213
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1975

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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 #72388168)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Sep 22, 2021 Listed by J. Barrett & Company $899,800
Listed by J. Barrett & Company
Nov 9, 2018 Sold
Premium
Sold
Sep 4, 2018 Listed by J. Barrett & Company $749,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,320
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,325
  • Total Building Area: 3,070
  • Gross Building Area: 5,312
  • Building Area: 3,070
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,070
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN BEVERLY
  • Land Acres: 0000000513
  • 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: 217601

Zoning

  • Zoning: R22

Geography

  • Account Number: R22
  • Parcel: BEVE M:0095 B:0019 L:
  • Block: 19
  • Municipality: BEVERLY
  • Latitude: 42.5882
  • Longitude: -70.8566

    Address

  • Full Address: 7 Cumnock St
  • Address - House Number: 7
  • Address - Street Name: Cumnock
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C042
  • 4-Digit Zip Code: 1513
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,103,700

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,129,221
  • High Value: 1,321,261
  • Low Value: 937,180

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $982,800
  • Assessed Land Value: $493,700
  • Assessed Improvements Value: $489,100

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211130005010
  • Previous Sale Recording Date: Nov 09, 2018
  • Previous Sale Amount: $765,000
  • 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:

$749,450

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72388168

Frequently Asked Questions

When was property at 7 Cumnock Street built and last sold?
The property at 7 Cumnock Street was built in 1975 and last sold on Nov 29, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 7 Cumnock Street is $953,991.
What are some comparable homes to 7 Cumnock Street?
There are currently no comparable homes to 7 Cumnock Street.
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