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Beverly 01915
7 Gateway Ln
$510,000
● House - Off Market

7 Gateway Ln

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,067 Ft²
$951,165
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Classic Colonial, beautifully maintained single family home in desirable sub-division in Centerville.  4 BR, 3 full BA, 4 season sunroom w/skylight, fireplace in living room, recently updated kitchen w/granite counter/island. Hardwood floors primarily; marble foyer, tiled baths. Sited on .48 acres w/2 car garage under - interior access. Pull down attic. Mature landscaping, deck & patio. Easy access to 128/22 & beach. Plenty of closets. Showings by appointment only. A must see; priced @ $499,900
Unit Size
3,067 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$163
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1980

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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 #71525552)

Price History

Date / Event Date Event Price
Jul 22, 2013 Sold
Premium
Sold
May 15, 2013 Listed by Keller Williams Realty $499,900
Listed by Keller Williams Realty
May 5, 2005 Sold
Premium
Sold
Jan 18, 2005 Listed by Keller Williams Realty $610,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 1,538
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,053
  • Total Building Area: 2,759
  • Gross Building Area: 4,588
  • Building Area: 2,759
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,759
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000483
  • 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: R15

Geography

  • Account Number: R15
  • Parcel: BEVE M:0086 B:0068 L:
  • Block: 68
  • Municipality: BEVERLY
  • Latitude: 42.584
  • Longitude: -70.8313

    Address

  • Full Address: 7 Gateway Ln
  • Address - House Number: 7
  • Address - Street Name: Gateway
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C036
  • 4-Digit Zip Code: 1460
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $846,900

    Appraisal Valuation

  • Standard Deviation: 0.1536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 924,181
  • High Value: 1,066,219
  • Low Value: 782,142

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,100
  • Assessed Land Value: $369,900
  • Assessed Improvements Value: $384,200

    Sales

  • Current Sale Recording Date: Jul 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: May 05, 2005
  • Previous Sale Amount: $587,900
  • 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:

$749,450

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# 71525552

Frequently Asked Questions

When was property at 7 Gateway Lane built and last sold?
The property at 7 Gateway Lane was built in 1980 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 7 Gateway Lane is $557,232.
What are some comparable homes to 7 Gateway Lane?
There are currently no comparable homes to 7 Gateway Lane.
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