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Beverly 01915
7 Herrick St
$470,000
● House - Off Market

7 Herrick St

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,426 Ft²
$638,994
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

GORGEOUS renovated Colonial home has everything you are looking for! Brand new nothing to do, but move in!   Gleaming re-finished hardwood floors throughout and freshly painted walls! Stunning MODERN kitchen with granite counter tops and top of the line STAINLESS STEEL appliances that open to a SUNNY dining room with period built in china cabinet. Great entertainment space with a large living room and separate family room overlooking yard with huge deck. Three generous sized bedrooms upstairs with gleaming hardwood floors and new renovated full bath.        Close to MAJOR highways, COMMUTER RAIL, and minutes to Beverly Hospital, schools, restaurants and Whole Foods.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$323
Property Type
House
Property Taxes
$378
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 #72621081)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 19, 2020 Listed by Cameron Real Estate Group $459,900
Listed by Cameron Real Estate Group
Oct 10, 2019 Sold
Premium
Sold

Property Highlights

Parking Available

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: 629
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 1,426
  • Gross Building Area: 2,283
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHITTIER MEADOWS COND
  • Land Acres: 0000000092
  • 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:0052 L:
  • Block: 52
  • Municipality: BEVERLY
  • Latitude: 42.5616
  • Longitude: -70.8829

    Address

  • Full Address: 7 Herrick St
  • Address - House Number: 7
  • Address - Street Name: Herrick
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C009
  • 4-Digit Zip Code: 3125
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $611,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 647,359
  • High Value: 760,672
  • Low Value: 534,046

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $544,600
  • Assessed Land Value: $290,700
  • Assessed Improvements Value: $253,900

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200327004180
  • Previous Sale Recording Date: Oct 10, 2019
  • Previous Sale Contract Date: Sep 17, 2019
  • Previous Sale Amount: $261,500
  • 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# 72621081

Frequently Asked Questions

When was property at 7 Herrick Street built and last sold?
The property at 7 Herrick Street was built in 1900 and last sold on Mar 23, 2020 for $470,000.
How much is this home worth?
The estimated value of the home located at 7 Herrick Street is $477,162.
What are some comparable homes to 7 Herrick Street?
There are currently no comparable homes to 7 Herrick Street.
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