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Beverly 01915
7 Hillcrest Ave
$347,500
● House - Off Market

7 Hillcrest Ave

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,505 Ft²
$607,230
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

New Price!!! Spacious 3 bedroom colonial in great Ryal Side location! Large eat-in kitchen w/ granite countertops and ss appliances. Oversized living room/ dining room with beadboard and lots of light.  Master bedroom with 2 closets and master bath with whirlpool tub. Hardwood floors thru-out. Large deck and fenced in yard, perfect for summer entertaining. Walk to train, beach and park!
Unit Size
1,505 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$233
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1924

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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 #71822295)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
May 12, 2021 Listed by J. Barrett & Company $499,000
Listed by J. Barrett & Company
Jul 10, 2015 Sold
Premium
Sold
Apr 22, 2015 Listed by J. Barrett & Company $349,999
Listed by J. Barrett & Company
Oct 26, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 756
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,431
  • Gross Building Area: 2,472
  • Building Area: 1,431
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,431
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:0009 B:0291 L:
  • Block: 291
  • Municipality: BEVERLY
  • Latitude: 42.5505
  • Longitude: -70.8978

    Address

  • Full Address: 7 Hillcrest Ave
  • Address - House Number: 7
  • Address - Street Name: Hillcrest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4027
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $599,500

    Appraisal Valuation

  • Standard Deviation: 0.1545
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 655,519
  • High Value: 756,862
  • Low Value: 554,177

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $533,800
  • Assessed Land Value: $309,300
  • Assessed Improvements Value: $224,500

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210702004490
  • Previous Sale Recording Date: Jul 10, 2015
  • Previous Sale Amount: $347,500
  • 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:

$749,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2924 ft²

Average Home Age

88.2 years

Currently For Sale

55 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# 71822295

Frequently Asked Questions

When was property at 7 Hillcrest Avenue built and last sold?
The property at 7 Hillcrest Avenue was built in 1924 and last sold on Jul 2, 2021 for $565,000.
How much is this home worth?
The estimated value of the home located at 7 Hillcrest Avenue is $505,673.
What are some comparable homes to 7 Hillcrest Avenue?
There are currently no comparable homes to 7 Hillcrest Avenue.
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