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Beverly 01915
7 Lawnbank Rd
$1,100,000
● House - Off Market

7 Lawnbank Rd

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,724 Ft²
$1,018,550
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Beverly Cove home with ocean views.  Enjoy your deeded right-of-way to a private beach from this mid-century home.  This sought-after location on a quiet cul-de-sac offers an air of vacation time throughout the year.  The living room with a gas-fireplace looks out over the neighbor's large yard and nearby estates.  The den/office room leads to a large screen porch, perfect for summer entertaining.  New roof and water heater installed in 2016. Ductless A/C split systems installed in 4 rooms. Attached one car garage, off-street parking, and partially finished basement complete the package for your optimal living experience.
Unit Size
1,724 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$516
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 years ago (MLSPIN #72825680)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Apr 30, 2021 Listed by Coldwell Banker Realty - Beverly $889,000
Listed by Coldwell Banker Realty - Beverly
Sep 1, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,236
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,624
  • Total Building Area: 1,724
  • Gross Building Area: 3,288
  • Building Area: 1,724
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,724
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0013 B:0197 L:
  • Block: 197
  • Municipality: BEVERLY
  • Latitude: 42.549
  • Longitude: -70.8564

    Address

  • Full Address: 7 Lawnbank Rd
  • Address - House Number: 7
  • Address - Street Name: Lawnbank
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C008
  • 4-Digit Zip Code: 4723
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,190,300

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,291,910
  • High Value: 1,492,780
  • Low Value: 1,091,040

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,059,900
  • Assessed Land Value: $742,300
  • Assessed Improvements Value: $317,600

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210715000770
  • Previous Sale Recording Date: Sep 01, 2015
  • Previous Sale Amount: $640,000
  • 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:

$749,000

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3148 ft²

Average Home Age

84.6 years

Currently For Sale

61 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: 5 years ago
Data Source: MLS PIN, MLS# 72825680

Frequently Asked Questions

When was property at 7 Lawnbank Road built and last sold?
The property at 7 Lawnbank Road was built in 1954 and last sold on Jul 7, 2021 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 7 Lawnbank Road is $914,732.
What are some comparable homes to 7 Lawnbank Road?
There are currently no comparable homes to 7 Lawnbank Road.
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