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Beverly 01915
8 Cottage Ln
$254,500
● House - Off Market

8 Cottage Ln

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
960 Ft²
$464,538
RealtyHop Estimate
89.68%
Since Nov 1, 2013
MA-Boston
Primary Model

About This Property

"Fisherman's Cottage" on private Lane - re-built from the studs up  in 1998. Close to all the GREAT things Beverly has to offer!  Lovely Oak, Maple & wide pine floors. Fully insulated, new systems including all plumbing & electric. Super stor water tank, themo windows + lots of closet space, open floor plan for easy entertaining-walk out to your lovely front farmers porch or very private back deck. 2 car parking in driveway. Live like you are on Vacation every day in your own, very affordable Oasis. Why pay condo fees?
Unit Size
960 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$255
Property Type
House
Property Taxes
$204
HOA Dues
-
Year Built
1850

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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 #71563259)

Price History

Date / Event Date Event Price
Oct 4, 2013 Sold
Premium
Sold
Aug 1, 2013 Listed by Keller Williams Realty Evolution $244,900
Listed by Keller Williams Realty Evolution
Sep 19, 1997 Sold
Premium
Sold
Jun 20, 1997 Listed by Keller Williams Realty Evolution $93,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,599
  • Total Building Area: 960
  • Gross Building Area: 1,590
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000037
  • 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: 217402

Zoning

  • Zoning: RMD

Geography

  • Account Number: RMD
  • Parcel: BEVE M:0002 B:0053 L:
  • Block: 53
  • Municipality: BEVERLY
  • Latitude: 42.5419
  • Longitude: -70.8816

    Address

  • Full Address: 8 Cottage Ln
  • Address - House Number: 8
  • Address - Street Name: Cottage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Beverly
  • Carrier Code: C026
  • 4-Digit Zip Code: 5009
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $503,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2439
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 541,875
  • High Value: 674,056
  • Low Value: 409,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $448,500
  • Assessed Land Value: $266,200
  • Assessed Improvements Value: $182,300

    Sales

  • Current Sale Recording Date: Oct 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114
  • Previous Sale Recording Date: Sep 19, 1997
  • Previous Sale Amount: $75,000
  • 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71563259

Frequently Asked Questions

When was property at 8 Cottage Lane built and last sold?
The property at 8 Cottage Lane was built in 1850 and last sold on Jan 1, 1970 for $254,500.
How much is this home worth?
The estimated value of the home located at 8 Cottage Lane is $252,258.
What are some comparable homes to 8 Cottage Lane?
There are currently no comparable homes to 8 Cottage Lane.
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