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Beverly 01915
8 Morgan Rd
$632,000
● House - Off Market

8 Morgan Rd

Beverly, MA 01915
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,870 Ft²
$1,168,848
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

Pottery Barn Beach Style! Beautifully renovated. You will love the style, conveniences and comfort of this 3+ bedroom 2 bath newly renovated home located in desirable Beverly Cove.  The beautiful well appointed, open kitchen with cathedral ceiling, granite and stainless is perfect for entertaining and family gatherings. Relax in the spacious living room also with cathedral ceilings and a wonderful fireplace.. The home features 3 bedrooms including a lovely master bedroom with a large walk-in closet and beautiful master bath. A large deck and patio overlook the nicely landscaped 1/4 acre. All this within walking distance to the beach and parks.
Unit Size
1,870 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$342
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1950

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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 #71742646)

Price History

Date / Event Date Event Price
Oct 20, 2014 Sold
Premium
Sold
Sep 12, 2014 Listed by Harborside Sotheby's International Realty $639,900
Listed by Harborside Sotheby's International Realty
Aug 16, 2013 Sold
Premium
Sold
Sep 5, 2012 Listed by Harborside Sotheby's International Realty $340,000
Listed by Harborside Sotheby's International Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,882
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,681
  • Total Building Area: 2,050
  • Gross Building Area: 4,256
  • Building Area: 2,050
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000000245
  • Standard Land Use Code: 9000
  • County Land Use Code: 990

Neighborhood

  • School District Name: Beverly School District
  • School Tax School District: BEVERLY SD
  • Census Tract: 217601

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0022 B:0262 L:
  • Block: 262
  • Municipality: BEVERLY
  • Latitude: 42.5531
  • Longitude: -70.8577

    Address

  • Full Address: 8 Morgan Rd
  • Address - House Number: 8
  • Address - Street Name: Morgan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C007
  • 4-Digit Zip Code: 4708
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $0

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $746,900
  • Assessed Land Value: $415,700
  • Assessed Improvements Value: $331,200

    Sales

  • Current Sale Recording Date: Oct 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102000276
  • Previous Sale Recording Date: Aug 16, 2013
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71742646

Frequently Asked Questions

When was property at 8 Morgan Road built and last sold?
The property at 8 Morgan Road was built in 1950 and last sold on Jan 1, 1970 for $632,000.
How much is this home worth?
The estimated value of the home located at 8 Morgan Road is $657,227.
What are some comparable homes to 8 Morgan Road?
There are currently no comparable homes to 8 Morgan Road.
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