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Beverly 01915
8 Melvin Avenue
Photo of 8 Melvin Avenue
Sold on Jun 15, 2006

1

Map

$353,500
● House - Off Market

8 Melvin Avenue

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,560 Ft²
$653,481
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

1st Open House 5/7 from 230 to 4! Tucked on a dead end street overlooking the Danvers River on over 10,000 sf of land, this classic New England Bungalow boasts potential galore.  From the detailed woodwork, to the fireplaced living room, to the 2 car attached garage, there is room for expansion to build your dream home. This home features 7 rooms 3 bedrooms 1 full bath, full basement with a workbench area. Every room has hardwood floors, and good ceiling height.
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$233
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1900

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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 #70378025)

Price History

Date / Event Date Event Price
Jun 15, 2006 Sold
Premium
Sold
May 1, 2006 Listed $362,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,160
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,560
  • Gross Building Area: 3,724
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0008 B:0036 L:
  • Block: 36
  • Municipality: BEVERLY
  • Latitude: 42.5497
  • Longitude: -70.9103

    Address

  • Full Address: 8 Melvin Ave
  • Address - House Number: 8
  • Address - Street Name: Melvin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C023
  • 4-Digit Zip Code: 3924
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $657,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 669,352
  • High Value: 786,514
  • Low Value: 552,189

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $585,400
  • Assessed Land Value: $351,200
  • Assessed Improvements Value: $234,200

    Sales

  • Current Sale Recording Date: Jun 15, 2006
  • 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

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

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# 70378025

Frequently Asked Questions

When was property at 8 Melvin Avenue built and last sold?
The property at 8 Melvin Avenue was built in 1900 and last sold on Jan 1, 1970 for $353,500.
How much is this home worth?
The estimated value of the home located at 8 Melvin Avenue is $384,234.
What are some comparable homes to 8 Melvin Avenue?
There are currently no comparable homes to 8 Melvin Avenue.
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