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Beverly 01915
72 Corning Street
$440,000
● House - Off Market

72 Corning Street

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,841 Ft²
$604,555
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Charming Cape Cod style home in a desirable Beverly Cove neighborhood is in need of updates. First floor features, fire place living room, dining room, eat in kitchen, full bath and bedroom. Second floor offers two bedrooms and a full bath. One car attached garage with breezeway, nice yard with mature gardens. Convenient to downtown Beverly, Lynch Park, train and access to route 128. This is an estate sale and property is being sold AS IS condition an opportunity to make this your own.       **All offers (if any) to be in by Tuesday July 18th at 5:00 pm **
Unit Size
1,841 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$211
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1940

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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 #72198192)

Price History

Date / Event Date Event Price
Aug 21, 2017 Sold
Premium
Sold
Jul 14, 2017 Listed by J. Barrett & Company $389,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,064
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,395
  • Total Building Area: 1,841
  • Gross Building Area: 3,494
  • Building Area: 1,841
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,841
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000262
  • 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:0022 B:0067 L:
  • Block: 67
  • Municipality: BEVERLY
  • Latitude: 42.5566
  • Longitude: -70.8648

    Address

  • Full Address: 72 Corning St
  • Address - House Number: 72
  • Address - Street Name: Corning
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C037
  • 4-Digit Zip Code: 3712
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $693,000

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 758,030
  • High Value: 886,366
  • Low Value: 629,694

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $617,100
  • Assessed Land Value: $390,400
  • Assessed Improvements Value: $226,700

    Sales

  • Current Sale Recording Date: Aug 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 209

    Financing

  • First Mortgage Financing Type: UNK
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72198192

Frequently Asked Questions

When was property at 72 Corning Street built and last sold?
The property at 72 Corning Street was built in 1940 and last sold on Jan 1, 1970 for $440,000.
How much is this home worth?
The estimated value of the home located at 72 Corning Street is $420,620.
What are some comparable homes to 72 Corning Street?
There are currently no comparable homes to 72 Corning Street.
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