$420,000
●
Condo -
Off Market
8 Chestnut St #2
Beverly, MA 01915
3 Beds
1 Bath,
1
Half Bath
1,129 Ft²
$645,055
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model
About This Property
Top notch completely new renovation. These modern, hip condos
feature open floor plans, 8' ceilings, & tons of natural light.
Located in one of Beverly's downtown thriving neighborhoods; a
mecca of development, the place to be, featuring diverse shops,
restaurants, waterfront, & the commuter rail just 30 minutes to
downtown Boston. This isn't your basic builders flip, these two
thoughtfully designed units have upgrades throughout like luxury
bathrooms; sleek fully appointed kitchens w/ under cabinet lighting
that shows off the granite counters and unique stone backsplash.
Rich, warm hardwood floors throughout. Lots of closets & storage.
Generous size rooms with large master bedrooms. In-unit
washer/dryer hook-up. Wired for today's technology. Central AC,
natural gas utilities, spray foam insulation top to bottom, and
certificates issued for terrific energy efficiency will result in
low-cost bills.
Unit Size
1,129 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$394
Property Type
Condo
Property Taxes
-
HOA Dues
$125
Year Built
1900
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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: 6 months ago (MLSPIN #72440141)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2021 | Sold | ||
| Sold | |||
| Mar 11, 2021 | Listed by MerryFox Realty | $454,900 | |
| Listed by MerryFox Realty | |||
| | |||
|
100% Complete interior/exterior renovation of this 3 bed condo in 2019 gives you essentially new construction w/high end finishes throughout. It's all about light w/abundant windows, high ceilings & recessed lighting. Open living / dining / kitchen concept make this 2nd floor unit feel spacious & inviting. Kitchen features stainless steel appliances, subway tile, granite countertops, gorgeous gray cabinets & pantry closet. Full bath has radiant floor heating & sound system! The oversized Master bedroom has a walk in closet & extra room for bonus living or home office space. Two additional bedrooms & another half bath complete this distinctive home. Washer/Dryer in unit. Common yard w/patio for outdoor entertaining. Deeded 2 car off street tandem parking & ample basement storage. Location & walkability: situated near Beverly's thriving downtown district: restaurants, bars, stores, live music venues, beaches & the Commuter Rail to Boston.
| |||
| Mar 15, 2019 | Sold | ||
| Sold | |||
| Jan 11, 2019 | Listed by RE/MAX Advantage Real Estate | $445,000 | |
| Listed by RE/MAX Advantage Real Estate | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Tandem, On Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Internet Available - Broadband
Appliances: Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range, Oven, Plumbed For Ice Maker
Flooring Type: Wood, Tile
Door Features: Insulated Doors
Laundry Features: Laundry Closet, Electric Dryer Hookup, Washer Hookup, In Unit, First Floor
Rooms: 6
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1129
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Building Name: 8 Chestnut Street Condominiums
Building Area Total: 1129
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Lot Size Square Feet: 3586
Water Source: Public
Financial Details
Tax Map Number: 0020
Utilities Details
Cooling Type: Central Air, Unit Control
Heating Type: Forced Air, Natural Gas, Radiant, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Electricity, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
HOA Fee: $125
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/31/2022
|
3 Bed
|
2 Bath
|
1118 ft²
|
$499,000
3 Bed
2 Bath
1118 ft²
|
$499,000
07/27/2022
|
Christopher McKenna
Commonwealth Standard Realty Advisors
| |
|
03/11/2021
|
3 Bed
|
2 Bath
|
1130 ft²
|
$454,900
3 Bed
2 Bath
1130 ft²
|
$478,000
+5.08%
04/28/2021
|
Merry Fox Team
MerryFox Realty
| |
|
01/11/2019
|
3 Bed
|
2 Bath
|
1117 ft²
|
$419,900
3 Bed
2 Bath
1117 ft²
|
$425,000
+1.21%
03/15/2019
|
Doug Morrow
Churchill Properties
| |
|
01/11/2019
|
3 Bed
|
1 Bath
|
1129 ft²
|
$445,000
3 Bed
1 Bath
1129 ft²
|
$420,000
-5.62%
03/15/2019
|
Doug Morrow
RE/MAX Advantage Real Estate
| |
|
07/25/2017
| |
6 Bed
|
3 Bath
|
2415 ft²
|
$349,900
6 Bed
3 Bath
2415 ft²
|
$337,000
-3.69%
09/15/2017
|
Lynda Le
Thread Real Estate, LLC
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017