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Beverly 01915
7 Madison Ave
$390,000
● House - Off Market

7 Madison Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,061 Ft²
$548,133
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Must see this cute Ranch style home, one level living.  Great home for 1st time home buyers or people looking to downsize.  Close to train station and convenient enough to take a stroll to downtown to Cabot theater for concerts, restaurants, beautiful lynch park and Dane street beach.   Nice side yard with trees and three tiered patio.   Finished basement has bonus rooms and its own entrance.   You will enjoy the attached garage and two driveways.  The walk-up attic has an automatic heating fan, temperature control in attic.  Recent updates : New heater (installed end of 2013) insulation added to the house end of 2013.  Water heater is about 2 years old. Refrigerator is about 1 year old.  Stove and dishwasher are about 2 years old.   New counters that are a couple years old.
Unit Size
1,061 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$363
Property Type
House
Property Taxes
$395
HOA Dues
-
Year Built
1958

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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 #72560620)

Price History

Date / Event Date Event Price
Oct 24, 2019 Sold
Premium
Sold
Sep 5, 2019 Listed by Clements Realty Group $384,900
Listed by Clements Realty Group
Nov 30, 2006 Sold
Premium
Sold
Aug 16, 2006 Listed by Clements Realty Group $329,000
Listed by Clements Realty Group
Feb 19, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 848
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,034
  • Total Building Area: 848
  • Gross Building Area: 2,022
  • Building Area: 848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 217500

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0020 B:0543 L:
  • Block: 543
  • Municipality: BEVERLY
  • Latitude: 42.5529
  • Longitude: -70.8749

    Address

  • Full Address: 7 Madison Ave
  • Address - House Number: 7
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C012
  • 4-Digit Zip Code: 3515
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,300

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 599,794
  • High Value: 708,136
  • Low Value: 491,452

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $547,000
  • Assessed Land Value: $375,400
  • Assessed Improvements Value: $171,600

    Sales

  • Current Sale Contract Date: Oct 24, 2019
  • Current Sale Recording Date: Oct 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191024001710
  • Previous Sale Recording Date: Nov 30, 2006
  • Previous Sale Amount: $302,500
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72560620

Frequently Asked Questions

When was property at 7 Madison Avenue built and last sold?
The property at 7 Madison Avenue was built in 1958 and last sold on Oct 24, 2019 for $390,000.
How much is this home worth?
The estimated value of the home located at 7 Madison Avenue is $395,391.
What are some comparable homes to 7 Madison Avenue?
There are currently no comparable homes to 7 Madison Avenue.
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