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Beverly 01915
7 Morgans Island Road
Photo of 7 Morgans Island Road
Sold on Nov 24, 2008

1

Map

$539,000
● House - Off Market

7 Morgans Island Road

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,424 Ft²
$1,148,398
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

Lovely Colonial on a cul-de-sac located in Centerville.  Features include 4 bedrooms, 2 1/2 baths,formal living room and dining room with hardwood floors,large fireplaced family room with a slider door to the screened in porch and a home office with french doors.  This home has a 2 car garage and a large walk out basement with high ceilings that could be easily finished for additional space. Ready to go and priced to sell!
Unit Size
2,424 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$226
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1996

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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 #70820890)

Price History

Date / Event Date Event Price
Nov 24, 2008 Sold
Premium
Sold
Sep 15, 2008 Listed $549,000
Listed
Sep 5, 1996 Sold
Premium
Sold
Sep 4, 1996 Listed by J. Barrett & Company $325,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,412
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,019
  • Total Building Area: 2,364
  • Gross Building Area: 4,196
  • Building Area: 2,364
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,364
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORGAN S ISLAND ROAD BEVERLY
  • Land Acres: 0000000391
  • 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:0098 B:011B L:
  • Block: 11B
  • Municipality: BEVERLY
  • Latitude: 42.5881
  • Longitude: -70.8333

    Address

  • Full Address: 7 Morgans Island Rd
  • Address - House Number: 7
  • Address - Street Name: Morgans Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C032
  • 4-Digit Zip Code: 1495
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $958,900

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,016,666
  • High Value: 1,172,475
  • Low Value: 860,857

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $853,900
  • Assessed Land Value: $480,700
  • Assessed Improvements Value: $373,200

    Sales

  • Current Sale Recording Date: Nov 24, 2008
  • Current Sale Price:
    Premium
  • Current 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:

$749,000

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3016 ft²

Average Home Age

91.2 years

Currently For Sale

57 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# 70820890

Frequently Asked Questions

When was property at 7 Morgan's Island Road built and last sold?
The property at 7 Morgan's Island Road was built in 1996 and last sold on Jan 1, 1970 for $539,000.
How much is this home worth?
The estimated value of the home located at 7 Morgan's Island Road is $583,158.
What are some comparable homes to 7 Morgan's Island Road?
There are currently no comparable homes to 7 Morgan's Island Road.
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