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Beverly 01915
8 Oakmont Rd
$590,000
● House - Off Market

8 Oakmont Rd

Beverly, MA 01915
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,070 Ft²
$828,418
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

Wonderful open concept 4 bedroom 2 bath home on a level, corner lot in North Beverly! This home has been impeccably maintained and updated. You will love the large light-filled 3 season sun room with ceiling fans, a pellet stove, and direct access to the backyard and its deck.The basement is partially finished, heated, and offers plenty of room for additional living space. This property is just 3 short blocks from the elementary school, the commuter train, and 128.Please note that solar panel lease is transferable to the Buyer upon credit check. See lease agreement. Offers due on/or before 5 PM, Tuesday, August 13.
Unit Size
2,070 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$280
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1960

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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 #72546328)

Price History

Date / Event Date Event Price
Sep 26, 2019 Sold
Premium
Sold
Aug 7, 2019 Listed by Keller Williams Realty Evolution $579,000
Listed by Keller Williams Realty Evolution
Jul 30, 2013 Sold
Premium
Sold
Jun 5, 2013 Listed by Keller Williams Realty Evolution $439,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 764
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,439
  • Total Building Area: 2,070
  • Gross Building Area: 3,554
  • Building Area: 2,070
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,070
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 217101

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0068 B:0058 L:
  • Block: 58
  • Municipality: BEVERLY
  • Latitude: 42.579
  • Longitude: -70.881

    Address

  • Full Address: 8 Oakmont Rd
  • Address - House Number: 8
  • Address - Street Name: Oakmont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Beverly
  • Carrier Code: C020
  • 4-Digit Zip Code: 1257
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $787,300

    Appraisal Valuation

  • Standard Deviation: 0.17
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 798,400
  • High Value: 934,159
  • Low Value: 662,641

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $701,100
  • Assessed Land Value: $373,200
  • Assessed Improvements Value: $327,900

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190926002060
  • Previous Sale Recording Date: Jul 30, 2013
  • Previous Sale Amount: $439,900
  • 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# 72546328

Frequently Asked Questions

When was property at 8 Oakmont Road built and last sold?
The property at 8 Oakmont Road was built in 1960 and last sold on Sep 18, 2019 for $590,000.
How much is this home worth?
The estimated value of the home located at 8 Oakmont Road is $600,289.
What are some comparable homes to 8 Oakmont Road?
There are currently no comparable homes to 8 Oakmont Road.
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